Green Thumb Industries reported first-quarter 2026 revenue of $300.2 million. Revenue rose 7.4% compared to the previous year. GAAP net income reached $15.4 million for the period. Performance exceeded analyst estimates, supported by the launch of adult-use sales in Minnesota.
The company repurchased 7.4 million additional shares following the quarter's end. Year-to-date buybacks now total approximately $77.7 million. The board authorized an additional $100 million for the repurchase program in April.
Green Thumb secured a conditional license for vertically integrated operations in Texas. This move establishes an entry into the second-most populous U.S. state. The company is currently evaluating its strategic approach to the new market.