Green Thumb Investment Presentation

Strategy hits milestone in building sustainable profitable growth +31% SEQUENTIAL QUARTER REVENUE GROWTH, 55% GROSS MARGIN, 34% ADJUSTED OPERATING EBITDA, $9.6M NET INCOME, $0.04 PER SHARE Summary Income Statement (USD $000s) Revenue Gross Profit Adjusted Operating EBITDA¹ Net Income Net Income Per Share Summary Balance Sheet 3 Months Ended Sept. 30 2020 Quarterly Net Revenue ($M) vs. Adjusted Operating EBITDA (%) 2019 $175 40% $157,104 $89,113 35% $150 86,957 54,816 30% $125 53,182 39,395 9,644 (14,591) 0.04 (0.07) Revenue ($M) 25% $100 20% $75 15% $50 10% As of $25 (USD $000s) Cash Debt² Sept. 30, 2020 5% $78,091 $0 0% 3Q19 4Q19 1Q20 2Q20 3Q20 97,059 Revenue Adj. Op. EBITDA % (1) Adjusted Operating EBITDA defined as earnings before interest, taxes, depreciation, and amortization, adjusted for other income, non-cash share-based compensation, one-time transaction related expenses, or other non-operating costs. (2) Debt is $97,059 thousand, which includes $301 thousand of short-term debt due within one year; amount carried on the balance sheet is recorded net of debt discounts of $11,796 thousand as of September 30, 2020. Adjusted Operating EBITDA Margin 30

View entire presentation