Cannabis Giant Green Thumb Confirms $50M Share Repurchase Program, CEO Open To M&A And 'Unique Investments'
Cannabis Giant Green Thumb Confirms $50M Share Repurchase Program, CEO Open To M&A And 'Unique Investments'
The news comes on the heels of the company's announcement that it has closed on a $150 million five-year syndicated credit facility led by Valley National Bank, the principal subsidiary of Valley National Bancorp.Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), the owner of RISE Dispensaries, announced a $50 million share repurchase program on Monday.
Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF)是RISE Dispensaries的所有者，在星期一宣佈了一個5000萬股票回購計劃。
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.
公司的董事會已批准在未來12個月內不時回購多達10,573,860股優先投票股份。
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.
該計劃將於2024年9月23日開始，並於2025年9月22日到期。Green Thumb的先前回購計劃於2024年9月10日到期，公司以7330萬美元回購了650萬股。
The news comes on the heels of the company's announcement that it has closed on a $150 million five-year syndicated credit facility led by Valley National Bank, the principal subsidiary of Valley National Bancorp.
這一消息緊隨該公司宣佈，它已與Valley National Bank（Valley National Bancorp的主要子公司）領導的1500萬美元五年聯合信貸設施達成交易。
Read Also: Green Thumb's Q2 Revenue Soars 11% To $280M, Is Rising Cost Something To Watch?
閱讀：Green Thumb的Q2收入飆升11%至28000萬美元，上升成本值得關注嗎？
- Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you're serious about the business, you can't afford to miss out.
- 訂閱我們的新聞簡報，免費獲得Benzinga對大麻行業和市場的獨家分析和頭條新聞。如果您對業務真正認真，就不能錯過。
Why It Matters: Green Thumb CEO Ben Kovler said the buyback program allows it to be more flexible in using its cash reserves to repurchase more shares, if an opportunity arises.
Green Thumb首席執行官Ben Kovler表示，回購計劃使該公司可以更靈活地使用現金儲備回購更多股份，如果有機會的話。
"We love our balance sheet, particularly in light of the recent refinancing, and remain open to strategic M&A, capital expenditures into the business and unique investment opportunities," Kovler said. "The future is bright for Green Thumb as America craves more well-being and more cannabis."
"我們喜歡我們的資產負債表，特別是在最近的再融資之後，並願意進行戰略性併購，資本支出進入業務以及獨特的投資機會，"科夫勒說。"隨着美國對健康和大麻的渴望增加，Green Thumb的未來一片光明。"
In June, Green Thumb expressed interest in merging with Boston Beer (NYSE:SAM), a deal observers thought could reshape the cannabis and beverage sectors. The transaction would create a company with $3 billion in proforma 2023 revenues, with two-thirds from Boston Beer.
六月份，Green Thumb表達了與波斯頓啤酒（紐交所：SAM）合併的興趣，觀察人士認爲這筆交易可能改變大麻和飲料行業的格局。該交易將創建一家2023年預估營業收入30億美元的公司，其中三分之二來自波士頓啤酒。
GTBIF Price Action
GTBIF股票價格走勢
Green Thumb's shares traded 0.04% higher at $10.33 per share after the market close on Friday afternoon.
週五下午市場收盤後，Green Thumb的股價每股10.33美元上漲0.04%。
- Verano, Green Thumb & MariMed's Strong Q2: Unpacking The Cannabis Earnings Surge
- Verano、Green Thumb & MariMed強勁的第二季度表現：揭開大麻股票的盈利飆升
譯文內容由第三人軟體翻譯。
