Greenthumb only 1 of the top 20 with positive net income in 2023 (and was positive in 2022).
Also only 1 of 3 with annual revenues over $1B. The other 2 being Trulieve with net income loss of $527M on $1.1B in revenue; and Curaleaf with net income loss of $281M on $1.4B in revenue.
Greenthumb also had cash of $162M to $147M in net debt end of 2023, and that followed share buyback.
Assuming rescheduling goes through, which looks likely, it’s going to take awhile for MSOs to see any tax benefit.
