Mr. Andy Grossman reports

GREEN THUMB INDUSTRIES ANNOUNCES $50 MILLION SHARE REPURCHASE PROGRAM

Green Thumb Industries Inc.'s board of directors authorized the continuation of the company's share repurchase program for an additional 12 months, with up to $50-million available for share repurchases.

The repurchase program authorizes, pursuant to a normal course issuer bid, the repurchase 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 the equivalent of approximately 29.5 million shares for $203.4-million.

"Since launching our first repurchase program in 2023, we have returned more than $200-million to shareholders through share buybacks, including more than $80-million in 2026," said Green Thumb founder, chairman and chief executive officer Ben Kovler. "As we continue to evaluate the best uses of our capital -- from investing in organic growth to pursuing M&A opportunities -- renewing this program gives us the flexibility to continue buying back stock when conditions present an attractive opportunity."

The latest repurchase program will commence on Sept. 23, 2026, and expire on Sept. 22, 2027. 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 U.S. 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 cancelled.

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 licensed, branded cannabis 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 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 manufacturing facilities and retail stores across 14 U.S. markets, employing approximately 5,000 people.

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