Green Thumb Industries' Board Authorizes Additional US$100M for Share Repurchase Program
Green Thumb Industries' (GTII.CN), a national cannabis consumer packaged goods company that saw its shares rise 11% yesterday, authorized an additional US$100 million for its existing share buy-back program announced on September 16, 2025, it said Thursday.The buy-back program now authorizes the repurchase of its subordinate voting shares having an aggregate value of up to $150 million, it added.Approximately 7.5 million shares for approximately $43.4 million have been repurchased since the program began on September 23, 2025, GTII said. Of that total, approximately 6.0 million shares for approximately $33.0 million were repurchased in the first quarter of 2026, it added."We have built a strong business, and we do not believe our current share price fully reflects that value. We have demonstrated our conviction in Green Thumb through meaningful share repurchases, and this added capacity gives us greater flexibility to continue deploying capital opportunistically," said Green Thumb Founder, Chairman and CEO Ben Kovler.The existing repurchase program will expire on September 22, 2026.Shares closed up 11% to $10.81 on Wednesday on the Canadian Securities Exchange.