Green Thumb Industries

Index inclusion is one of the mechanisms that can help make that happen, and it already is.

Now let's switch to arguably perhaps the most attractive company in the space, and that's Green Thumb Industries.

They renewed its share repurchase program for another 12 months, authorizing up to $50 million in additional purchases.

Looking at this big picture since launching its first program in September 2023, GTI says it has repurchased approximately 29.5 million shares valued at $203.4 million.

Then yesterday, Curaleaf, it announced it had joined the FTSE Canada All Cap Index, its second major Canadian benchmark after entering the S&P/TSX Composite last year.

And earlier this week as well, don't sleep on this one, Green Thumb Industries, they also authorized the continuation of its share repurchase program up to fifty million dollars, funded entirely by cash flow, no debt involved.

And that is why you're seeing some great price action with GTI this week.

So here's what I wanna get into here today and why this matters, and these are more than just headlines.

They're starting to flow into names that were completely locked out of the world just a year ago.

Retail, as we know, is a much smaller piece of the puzzle than people think, and the bigger story right now is exchange traded funds and index products quietly becoming the dominant force in how these stocks actually are trading and are going to trade moving forward.

So now let's switch to another big story this week, and that is Green Thumb Industries specifically because that fifty million dollar buyback tells its own story.

GTI right now is sitting on the strongest operating cash flow in the entire sector, hands down, over two hundred and sixty-six billion in cash, and they're choosing to deploy real capital buying back their own stock.

Like this is a live resin.

Actually, we have GTI now in the vault, which is Green Thumb Industries.

Their client become vendor.

And so, but then that's like a live rosin or resin.

Right now, as we know, Trulieve remains the dominant operator, accounting for roughly 26% of statewide THC volume and continues to dispense more THC than the next two operators combined.

But when you look at output per location, companies like Sunburn and Green Thumb Industries are putting up some very impressive numbers.

So here's an example.

GTI is averaging approximately 817,000 milligrams per per store while sunburn is approaching 1 million milligrams per store so if Florida is a market you follow closely then yes you should watch this closely as more companies continue building out their Florida footprint ahead of whatever comes next for this state hopefully adult use one day now to the business side of the industry because the M&A chess board it continues to get very interesting Okay, the federal separation between medical and adult-use cannabis has created an entirely new strategic environment.

And so about, I mean, I waited a good six years after stepping down because I didn't want to be seen as somebody who had, you know, advocated for ending marijuana prohibition and then just decided to cash in as soon as I stopped.

But six years later, I got a call from the head of one of the companies that I had met years before, Green Thumb Industries.

GTI had a guy named Ben Kovler.

And so I've been on the board of GTI ever since.

What does GTI

do? Green Thumb Industries.

I'm on the board, but I'm an independent board member.

I don't speak for them.