Quarterly Financial Data

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

18. QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table contains selected quarterly data for 2022 and 2021. The information should be read in conjunction with the Company’s financial statements and related notes included elsewhere in this Annual Report on Form 10-K. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.


		First Quarter			Second Quarter			Third Quarter			Fourth Quarter				Full Year
		(in thousands)
2022
Net Sales	$		242,600	$		254,311	$		261,194	$		259,270		$		1,017,375
Income (loss) from operations			54,552			62,263			48,761			(44,512	)			121,064
Net Income (loss) attributable to Green Thumb Industries Inc.			28,939			24,437			9,829			(51,227	)			11,978
Net Income (loss) per share – basic			0.12			0.11			0.04			(0.22	)			0.05
Net Income (loss) per share – diluted			0.12			0.10			0.04			(0.22	)			0.05
Weighted average number of common shares outstanding - basic			235,838,947			236,783,625			237,002,873			237,208,543				236,713,056
Weighted average number of common shares outstanding - diluted			238,225,420			237,762,903			237,804,799			237,208,543				238,080,030

		First Quarter			Second Quarter			Third Quarter			Fourth Quarter				Full Year
		(in thousands)
2021
Net Sales	$		194,431	$		221,872	$		233,677	$		243,580		$		893,560
Income from operations			51,534			50,855			58,069			54,384				214,842
Net Income attributable to Green Thumb Industries Inc.			10,369			22,052			20,209			22,806				75,436
Net Income per share - basic			0.05			0.10			0.09			0.10				0.34
Net Income per share - diluted			0.05			0.10			0.08			0.10				0.33
Weighted average number of common shares outstanding - basic			216,210,429			220,323,622			226,529,671			230,916,901				223,192,326
Weighted average number of common shares outstanding - diluted			221,616,157			224,843,155			230,879,437			233,927,531				226,758,882