Green Thumb Industries, Inc.

Green Thumb Industries, Inc.

Green Thumb Industries, Inc.

Overview
Date Founded

2002

Headquarters

325 West Huron Street,Suite 412,Chicago, IL 60654

Type of Company

Public

Industries

Agriculture & Mills

Company Description

Green Thumb Industries, Inc. engages in the manufacture and distribution of branded cannabis products. It operates through the Consumer Packaged Goods and Retail segments. The company was founded by Benjamin Kovler on February 18, 2002 and is headquartered in Chicago, IL.

Executives & Employees

Founder

Chief Financial Officer & Director

General Counsel

Chief Information Officer

Chief Strategy Officer

Chief Accounting Officer

Head of Capital Markets

Senior Vice President National Sales

Senior Vice President CPG Operations & Supply Chain

Senior Vice President Government & Regulatory Affairs

Board of Directors

Founder at Green Thumb Industries, Inc.

Chief Executive Officer at Robin Hood Foundation

National Arbitrator at Financial Industry Regulatory Authority, Inc.

Advisory Director at Berkshire Partners LLC

Vice Chairman at Jewish Federation of Metropolitan Chicago

Chief Financial Officer & Director at Green Thumb Industries, Inc.

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Owners & Shareholders
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Albert D. Mason's general investment approach is 'Income with Growth.' Their portfolio generally seeks to invest approximately two-thirds of its assets in common stocks and the remainder in fixed-income. They mainly invest in the common stocks of US companies but may also invest in foreign stocks. The firm looks for companies they feel will grow and prosper for at least 5 years. Albert D. Mason generally holds a stock as long as the company's prospects remain sound. Most of the companies in the portfolio pay a dividend. Each year they expect the dividend to increase for a significant portion of the stocks in the portfolio.Albert D. Mason's fixed-income investments include bonds, preferred stocks and convertible bonds. Bonds are typically held until maturity. They generally do not own bonds that have greater than a 10-year maturity. The amount maturing each year is carefully controlled resulting in an average maturity of 3 to 6 years. The effect of this control is that the price movement in the bond portfolio is muted and the income predictable.Albert D. Mason carefully controls position size. They strive for no common stock position to exceed 5% of the portfolio and seldom would a position approach that size. Risk is regulated by the firm's selection process but also by position size. The actual maximum position size varies by specific investment. If positions get too large relative to their perception of the risk, they reduce the position regardless of the potential gain.

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Arrow Capital Management (ACM) focuses on providing active portfolio management and seeks to generate attractive returns while mitigating downside risk. The firm employs a disciplined process that combines top-down global perspective with bottom-up fundamental research to create portfolios designed to outperform their benchmarks while lowering volatility and downside risk.The firm's non-traditional, alternative strategies include: the Arrow Global Growth Fund, the Broadview Dark Horse L/S Fund, Curvature Market Neutral Fund, Curvature Multi-Strategy Fund, East Coast Investment Grade II Fund, Exemplar Diversified Portfolio, Hirsch Performance Fund, Lazard Global Credit II Fund, and the SG US Market Neutral Fund.ACM's balanced investment approach strategically allocates investments among stocks, bonds and cash, balanced funds to provide growth while generating income. The Exemplar Growth & Income Fund seeks to provide a balance of growth and income, making strategic asset class shifts based on where the best opportunities exist. With a focus on providing capital preservation during times of market turmoil, the Fund’s managers seek to mitigate risk through various hedging strategies.ACM's actively managed Growth Funds seek to identify the best opportunities, regardless of the environment or market cycle and to generate performance while managing risk. ACM's Growth products include: the Exemplar Canadian Focus Portfolio, the Exemplar Leaders Fundand the Exemplar Performance Fund.ACM's Income Strategy seeks to provide attractive income through the use of traditional and alternative strategies, and may serve as a complement to indexed bond portfolios. The funds include: the Exemplar Investment Grade Fund, the Exemplar Tactical Corporate Bond Fund, and the Exemplar US High Yield Fund.The firm's Closed End Funds provide the benefits of mutual funds and ETFs and offer alternative strategies for all investors. The East Coast Investment Grade Income Fund seeks to generate attractive risk-adjusted returns with low volatility in all interest rate environments. The Fund maintains a tax-advantaged exposure to a diversified portfolio of Canadian investment grade corporate bonds, seeking to eliminate the interest rate risk associated with such bonds.ACM's publicly-traded limited partnership offers sophisticated investors access to unique investment opportunities with tax benefits and performance consistency. The NR Conservative Growth Fund LP seeks long-term return potential through concentrated investments primarily in North American equities.

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Through the Palos Investment Funds, Palos Management seeks to preserve and grow their individual and institutional investors' capital. The firm's investment approach is based on disciplined and creative processes that are designed to achieve strong performance while managing risk. Palos' funds have varying, specific investment objectives and some of the funds pay income distributions. Palos Management also offers a public, prospectus-based mutual fund, a private mutual fund, as well as private limited partnership funds.

Recent Transactions
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Green Thumb Industries, Inc. purchases Fiorello Pharmaceuticals, Inc.

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Green Thumb Industries, Inc. purchases Integral Associates LLC

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Green Thumb Industries, Inc. purchases For Success Holding Co. from White Owl Capital Partners LLC, Coriolis Ventures, Gotham Gal Ventures, Campfire Capital

Insider Transactions
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Transaction Advisors
Underwriter

Advised onGreen Thumb Industries, Inc. issued CAD Common Shares - Bought Deal

Underwriter

Advised onGreen Thumb Industries, Inc. issued CAD Common Shares - Bought Deal

Underwriter

Advised onGreen Thumb Industries, Inc. issued CAD Common Shares - Bought Deal

Advisors & Consultants
Advisor

Former Chief Human Resources Officer & Senior Vice President at GGP, Inc.

Advisor

Former President at Green Thumb Industries, Inc.

Advisor

Professor-Emeritus at University of California - San Francisco

Clients

Indus Holdings, Inc. operates as a cannabis company. It cultivates, extracts, manufactures, brand sales & markets and distributes cannabis products. The firm's brands include Altai, Dixie, Moon, Beboe and Legal. The company was founded by Robert Weakley and Mark Ainsworth in 2015 and is headquartered in Salinas, CA.

Key Stats and Financials As of 2019
Market Capitalization
$4.91B
Total Enterprise Value
$1.89B
Earnings Per Share
$-0.3
Total Debt
$148M
Total Equity
$801M
EBITDA
$10.8M
Net Profit
$-57.4M
Debt TEV
0.08x
TEVNet Income
-32.93x
Enterprise Value EBITDAOperating
175.66x
Enterprise Value / Sales
9x
EBITDAMargin
5.12%
Revenue
$210M
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