Good day. Welcome to the 2026 Annual and Special Meeting of Shareholders of Green Thumb Industries Inc. I would now like to turn the conference over to Ben Kovler, the Chairman of the Board of Directors, Chief Executive Officer, and Founder of Green Thumb Industries. Please go ahead. All right. Thank you. Hi, everybody. It is 2:00 P.M. Central Time. The 2026 Annual and Special Meeting of Shareholders of Green Thumb Industries Inc. will now come to order. I am Ben Kovler, the Chairman of the Board of Directors, Chief Executive Officer, and Founder of Green Thumb Industries. On behalf of our board of directors and management, I would like to welcome all of you to our 2026 Annual Shareholder Meeting. In accordance with the corporation's articles, I will preside as chairman of the meeting. Kate Lloyd, who is here with me, our assistant secretary, will act as secretary of the meeting. Members of our management team, board of directors, and representatives of Baker Tilly, our auditors, are joining me today. Before beginning the formal business of the meeting, I would like to direct everyone to the meeting agenda, which you can see on your screen in the virtual meeting portal, to the rules for orderly conduct, which you can review by clicking on the arrow next to Rules and Procedures in the Meeting Materials section of the portal window. To conduct an orderly meeting, we ask that all participants abide by the posted rules. Please note that only shareholders present in the virtual meeting portal may ask a question. The rules of conduct will apply to all questions posed. In the interest of time, certain shareholders or proxy holders have been asked to move the resolutions on the matters that are set out in the notice of meeting and accompanying proxy statement. This will allow more time for shareholder questions and comments, which can be submitted through the virtual meeting portal. To submit a question, locate the Ask a Question heading in the lower left quadrant of the portal, type your question in the text field, click the green Submit button. There may not be time to answer every question we receive. We will really do our best to get to all of them. Gary Wozniak of Broadridge, who is on the call, will act as our inspector of election and scrutineer of this meeting. The inspector of election will report on the shareholders present and the number of securities represented in person and by proxy by this meeting, compute votes cast by ballot, report to me on these matters. Before this meeting began, the inspector of election filed a preliminary report on attendance at the meeting. The secretary has confirmed that there is the necessary quorum present to conduct this meeting. I have asked the inspector of election to deliver the formal report on attendance at the meeting to the secretary as soon as possible. I have been advised by the secretary that the notice of the meeting and accompanying proxy statement and annual report, if requested, have been mailed to shareholders of the corporation. The secretary has provided certification that these materials have been duly mailed and that legal notice of this meeting has been duly given. The notice and proxy materials will be entered into the minutes of this meeting. Accordingly, the notice of meeting will not be read. Our 2025 annual report for the fiscal year ending December 31, 2025, on Form 10-K, including the 2025 audited financial statements and the auditor's report, have been distributed to the shareholders of the corporation and are available on the investor relations page of our website at investors.gtigrows.com, under the company's directory on SEDAR+, and on the SEC's webpage. You may also find the annual report by clicking on the link under the heading Meeting Materials in the virtual meeting portal. Voting today will be conducted by electronic ballot. I will now take a moment to ask that the balloting be opened to registered shareholders and duly appointed proxy holders. The polls are now open. At this point, all registered shareholders and duly appointed proxy holders who have been properly logged in with their control numbers and who have not yet submitted their votes or wish to change their votes, will now be able to do so by clicking on the green Vote Here button in the meeting portal. I will now present the five items of business to be considered at the meeting. The first item of business is to set the number of directors at seven and elect those directors. The resolution approving the number of directors must be approved by an ordinary majority of the votes cast by shareholders entitled to vote. I would ask that a motion be brought to approve the resolution. I move that subject to the provision of the articles of the corporation, the number of directors be set at seven. Thank you. We will now proceed with the election of directors. Seven directors have been properly nominated for election. I nominate Dawn Wilson Barnes, Anthony Georgiadis, Jeff Goldman, Benjamin Kovler, Ethan Nadelmann, Richard Reisin, and Hannah Ross to hold office until their successors are elected or appointed, or the date on which they otherwise cease to hold office under the British Columbia Business Corporations Act or under the articles of the corporation. The second item of business is to approve, on an advisory basis, the compensation paid to the company's named executive officers as disclosed in the company's proxy statement for this meeting. I move that the compensation paid to the company's named executive officers, as disclosed in the company's proxy statement dated April 27, 2026, be approved on a non-binding advisory basis. The next item of business is to appoint the auditors of the corporation for the current fiscal year and to authorize the board of directors to fix their compensation and the terms of their engagement. I would ask that a motion be brought to approve this resolution. I move that Baker Tilly US, LLP be appointed as auditors of the corporation for the current year and that the board of directors be authorized to fix their compensation and the terms of their engagement. The last item of business is to approve the amendment of the company's current amended and restated articles to vary the automatic conversion provisions of the company's super-voting shares, such that the automatic conversion of super-voting shares is triggered when an initial holder's holdings fall to 25% instead of 50% of the original number of such shares held. I move that the amendment of the company's current amended and restated articles be approved. Well, thank you for that, we will provide registered shareholders and duly appointed proxy holders approximately one more minute to complete the electronic ballots. I'll give those folks a full minute just in case. I'm being told by the secretary we are good to go. The polls are now closed. All properly submitted electronic votes will be automatically submitted. The Inspector of Election will compile the report on the results of voting on all business matters. I have been advised by the Inspector of Election that all the motions have passed by the requisite majority of votes cast at this meeting. Therefore, I declare all the resolutions passed. The vote totals will be reported on Form 8-K to be filed with the Securities and Exchange Commission and on SEDAR+. Is there any further business? Thank you, Kate. There is not, as there is no further business to come before the meeting, the formal part of this meeting has concluded, and the 2026 Annual Meeting of Shareholders is adjourned. We will now take a moment to address any questions from shareholders. No pertinent questions. On behalf of our newly reelected board of directors and our entire Green Thumb team, our sincere thanks for your support and continuing interest. I hope to see you all again at next year's annual meeting. In order to keep things moving and share with those of you that are with us what's going on, I'm going to flip through, and you should be able to see on your screen the agenda. We're going to walk through a little presentation on who we are. The audience of this is those that may not be as familiar with the company, the set up for who we are and how we operate. Here is Kate's favorite slide in the deck for everybody to review in detail about forward-looking statements. We perceive the American cannabis market as the great American growth story. Here's a massive consumer category that even though people may be aware of at the moment, aren't aware of how big it can be and how powerful that could be. Let's look at it compared to a couple of other major industries that we know. You can see cannabis sits squarely in terms of size at a mature basis like that of tobacco spirits, bigger than wine, slightly less big than beer. It depends on the dates. That's the kind of size we're playing in. This is the more medium and long-term growth rate that we see cannabis going through. The last few years haven't quite had the same kind of growth, given things like hemp, pricing compression, and others. We view where policy is going and what's happening now to return to those sorts of growth rates, and we're excited for that. I think what's important is where we stand here. What's most important on this slide is the middle there and the action and what's happened. We know the demand is big. Acceptance of this category is as high as it's ever been. Over 60%, 64%, I think, most recently. What's happened there in the middle is material. I just want to highlight the medical rescheduling in April of 2026. State licensed medical cannabis moved from Schedule I to Schedule III, and therefore, where we had been operating as a Schedule I medical business, we are now a Schedule III in many of these medical-only facilities and medical-only states. There's a DEA registration pathway, which we are on, registering with the DEA, which should open up further things in the country. Standard stuff. We're not quite positive exactly what it'll mean, but it's not closing doors, it's opening doors. Number three here is this adult use process, which is an ALJ process that's set to conclude this year. Begins with a hearing, an ALJ hearing starting later this month, concluding by July 15th 2026. We think that's material, and the decision there, the recommendation of the decision, then the DEA rescheduling adult use sets up very well for our business, for our shareholders, and really for the country. Lastly, the Federal Farm Bill loophole closure, the federal hemp restrictions, which are set to take effect November 12th, 2026, which is a year after that was signed. That'll impact the business quite a bit. As hemp goes away, it stabilizes supply, firms up pricing, and it's a good catalyst in our business right now. If that's the industry, what's the Green Thumb story and how do we fit into this? Our mission is to promote well-being through the power of cannabis. We believe that well-being is a good thing. We think cannabis can bring that about for many, many people, and we're seeing it really across the country in droves. Here's who we are at a very high level, 5,000 teammates strong. You can see the states we're in there at the bottom. There's our revenue over on the right. If you put a units chart there, it would look a lot more parabolic and a lot more continued up and to the right. It's been pricing the last three, four years that have flattened out. Now it's still growing, but it's flattened out due to pricing, not units. The team continues to deliver or over-deliver, and that's why pricing stability is a key catalyst for future growth of the business. In the family of brands, who we are and what we make. Dogwalkers, RYTHM, and incredibles, you know all those brands. We love them. The strategy that's worked for us since the beginning, enter open scale, build trusted brands, rely heavily on the team. Our best asset, our biggest asset that's not even on the balance sheet is our team and our people. It's a different group of people over at Green Thumb, and we think that leads to positive things. We have a strong balance sheet. We sleep well at night. There's plenty of cash. There's not a lot of debt. We understand the tax situation. We're not likely to overextend ourselves given the strength we have now and given what's going on. Here are some of the brands in action, and for those of you that have known us a while, maybe haven't looked at some of the brands, take a look at that Animal Face front and center on the bottom, and just what the team's doing with some of our icon strengths. Animal Face is the best-selling marijuana SKU in the country in 2025. The team is putting a lot of assets and resources behind it. While we think we're in these state markets, you never know the future of the business, we can bet on brands and franchises like this as the world goes on. I wanted to point that out. That's pretty exciting. On the retail side, we have 110 plus stores that we manage and operate. Same-store sales have been flat, or this is down 50 basis points. Transactions are up. That's a lot of the price. If there's one tell on what's going to happen to retail business, price is a key component of that. Really, it's our relationship with our consumers. The $1.7 million there is a big number. That's real. That's our future, and these customers are our family, are our lifeblood, we want to continue to invest in those, and that's the omni-channel that's continuing to make life better for them, whether that means allow the credit cards, different kinds of loyalty program, delivery, wherever the world goes, it should get more normalized and be like the best consumer products or retail businesses that the country has. How have we done? Look at the scoreboard here. You can see last year was a very nice year where we did $1,175 million in total revenue, normalized EBITDA of almost $350 million, and cash flow from operations of $295 million. That's produced a nice business, a nice balance sheet, trading at a reasonable/cheap multiple, depending on your lens. Here's the reconciliation for those of you following at home. I don't know if there's an opportunity for anybody to ask any questions, but we are here. If you can't ask them here, you know how to get us on social media, you know how to get us by email. Please don't be shy. We're interested in what our shareholders think. We're making an effort to be out about for you. Thank you all for joining. After the meeting, we're going to welcome people for a cocktail reception at Garcia's, if anybody's close enough. I think that's it. We're going to conclude. Thanks, everybody, for joining. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.