CHICAGO and VANCOUVER, British Columbia, Aug. 03, 2022 (GLOBE NEWSWIRE) -- PRESS RELEASE -- Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a national cannabis consumer packaged goods company and owner of RISE dispensaries, today reported its financial results for the second quarter ended June 30, 2022. Financial results are reported in accordance with U.S. generally accepted accounting principles (GAAP) and all currency is in U.S. dollars.
Highlights for the second quarter and six months ended June 30, 2022:
Revenue increased 4.8% sequentially and 14.6% year-over-year to $254.3 million.First half 2022 revenue increased 19.4% to $496.9 million compared to the first half of 2021.Eighth consecutive quarter of positive GAAP net income, delivering $24.4 million or $0.11 per basic and $0.10 per diluted share.Adjusted Operating EBITDA grew 17.4% sequentially to $78.7 million or 31.0% of revenue.Cash flow from operations of $39.9 million year-to-date.