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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
20.
QUARTERLY FINANCIAL DATA (UNAUDITED)
 
The following table contains selected quarterly data for 2020 and 2019. The information should be read in conjunction with the Company’s financial statements and related notes included elsewhere in this report. 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
 
2020
 
   
 
   
 
   
 
   
 
   
Net Sales
 
$
102,602,602
 
 
$
119,639,924
 
 
$
157,103,841
 
 
$
177,226,522
 
 
$
556,572,889
 
Income from operations
 
 
7,552,657
 
 
 
14,050,703
 
 
 
37,211,186
 
 
 
47,292,283
 
 
 
106,106,829
 
Net Income (loss) attributable to Green Thumb Industries Inc.
 
 
(4,206,264
) 
 
 
(12,909,505
) 
 
 
9,643,929
 
 
 
22,464,807
 
 
 
14,992,967
 
Net Income (loss) per share—basic
 
 
(0.02
) 
 
 
(0.06
) 
 
 
0.04
 
 
 
0.11
 
 
 
0.07
 
Net Income (loss) per share—diluted
 
 
(0.02
) 
 
 
(0.06
) 
 
 
0.04
 
 
 
0.11
 
 
 
0.07
 
Weighted average number of common shares outstanding—basic
 
 
208,468,356
 
 
 
209,902,732
 
 
 
211,990,405
 
 
 
213,249,477
 
 
 
210,988,259
 
Weighted average number of common shares outstanding—diluted
 
 
208,468,356
 
 
 
209,902,732
 
 
 
214,212,292
 
 
 
217,178,771
 
 
 
212,531,188
 
      
2019
 
   
 
   
 
   
 
   
 
   
Net Sales
 
$
27,913,163
 
 
$
44,726,777
 
 
$
67,990,907
 
 
$
75,801,758
 
 
$
216,432,605
 
(Loss) Income from operations
 
 
(13,629,660
) 
 
 
(9,326,730
) 
 
 
1,376,718
 
 
 
(6,111,030
) 
 
 
(27,690,702
) 
Net loss attributable to Green Thumb Industries Inc.
 
 
(9,563,056
) 
 
 
(20,892,049
) 
 
 
(14,590,793
) 
 
 
(14,070,509
) 
 
 
(59,116,407
) 
Net loss per share—basic
 
 
(0.06
) 
 
 
(0.11
) 
 
 
(0.07
) 
 
 
(0.07
) 
 
 
(0.31
) 
Net loss per share—diluted
 
 
(0.06
) 
 
 
(0.11
) 
 
 
(0.07
) 
 
 
(0.07
) 
 
 
(0.31
) 
Weighted average number of common shares outstanding—basic
 
 
167,171,886
 
 
 
182,261,947
 
 
 
204,709,085
 
 
 
207,666,666
 
 
 
190,602,400
 
Weighted average number of common shares outstanding—diluted
 
 
167,171,886
 
 
 
182,261,947
 
 
 
204,709,085
 
 
 
207,666,666
 
 
 
190,602,400