Cannabis Giant Green Thumb Confirms $50M Share Repurchase Program, CEO Open To M&A And ‘Unique Investments’
Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), the owner of RISE Dispensaries, announced a $50 million share repurchase program on Monday.
What Happened: The company’s board of directors approved the repurchase of up to 10,573,860 of its subordinate voting shares from time to time over the next 12 months.
The program will commence on Sept. 23, 2024, and expire on Sept. 22, 2025. Green Thumb’s previous repurchase program expired on Sept. 10, 2024, under which the company repurchased 6.5 million shares for $73.3 million.
The news comes on the heels of the …