Mr. Ben Kovler reports

GREEN THUMB INDUSTRIES ANNOUNCES $50 MILLION SHARE REPURCHASE PROGRAM

Green Thumb Industries Inc.'s board of directors has authorized a $50-million share repurchase program.

The repurchase program authorizes, pursuant to a normal course issuer bid, the repurchase of up to 10,364,640 of its subordinate voting shares from time to time over the next 12 months. Under the company's previous repurchase programs that began on Sept. 5, 2023, Green Thumb repurchased approximately 13.5 million shares for $108-million.

"We believe buying back our stock at the right price is one of the best ways to create value for shareholders," said Green Thumb founder, chairman and chief executive officer Ben Kovler. "This authorization gives us the flexibility to act strategically as the right opportunities come along. We remain focused on investing in our brands and strengthening our long-term position in the continuously expanding cannabis market."

The latest repurchase program will commence on Sept. 23, 2025, and expire on Sept. 22, 2026. Green Thumb is not obligated to purchase any shares. If management determines it has a better use for its cash reserves, it is under no obligation to continue to purchase shares and share purchases may be suspended or terminated at any time at Green Thumb's discretion. Shares may be purchased on the Canadian Securities Exchange, the OTCQX Best Market or alternative trading systems, and will be subject to the limitations and rules imposed by United States and Canadian securities regulations.

The company does not expect to incur debt to finance the share repurchase program. The actual number of shares purchased, timing of purchases and share price will depend upon market conditions at the time and securities law requirements. All shares acquired will be returned to the treasury and canceled.

About Green Thumb Industries Inc.

Green Thumb Industries is a leading national cannabis consumer packaged goods company and retailer headquartered in Chicago, Ill. The company manufactures and distributes a portfolio of branded products including RYTHM, Dogwalkers, incredibles, Beboe, &Shine, Doctor Solomon's and Good Green. Green Thumb also owns and operates RISE Dispensaries, a rapidly growing national retail cannabis chain. Green Thumb serves millions of patients and customers each year with a mission to promote well-being through the power of cannabis while giving back to the communities it serves. Established in 2014, Green Thumb has 20 manufacturing facilities and 108 retail stores across 14 U.S. markets, employing approximately 4,800 people.

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