Five-year integrated credit facility at the industry-leading SOFR+500 rate
CHICAGO and VANCOUVER, British Columbia, Feb. 20, 2026 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company sold the existing credit company Valley National Bank for $50 million, bringing the property to $189,000. The Company intends to use the proceeds for general corporate purposes, potential strategic investments, and other capital expenditures.
“Adding $50 million to our budget at a lower rate should be good for our shareholders in the long term,” said Founder, Chairman and Chief Executive Officer Ben Kovler. “We are fortunate to have Valley National Bank as a financial partner who trusts our business model and financial leadership.”
The credit facility has a maturity date of September 11, 2029 and will continue to bear interest from the date of issuance at the Secured Overnight Financing Rate (SOFR) + 500 basis points. The transaction did not involve the issuance of any Green Thumb equity to any of the banks participating in the merger.
About Green Thumb Industries
Green Thumb Industries Inc. (“Green Thumb”) is a leading national consumer packaged goods company and retailer headquartered in Chicago, Illinois. The company manufactures and distributes a portfolio of licensed, branded cannabis products, including RYTHM, Dogwalkers, incredibles, Beboe, & Shine, Doctor Solomon and Good Green. Green Thumb also owns and operates RISE Dispensaries, the nation’s fastest growing retail chain. Green Thumb serves millions of patients and clients each year with the goal of promoting wellness through the power of cannabis while giving back to the communities it serves. Founded in 2014, Green Thumb has 20 manufacturing facilities and more than 100 retail stores in 14 US markets, employing approximately 5,000 people. More information is available at www.gtigrows.com.
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This press release contains statements that we believe are, or may be considered “forward-looking statements.” All statements other than statements of historical fact included in this document regarding our industry prospects or our prospects, plans, financial position or business strategy may constitute forward-looking statements. In addition, forward-looking statements often can be identified by the use of forward-looking words such as “would,” “will,” “expect,” “intend,” “anticipate,” “foresee,” “opportunity,” “project,” “possible,” “risk,” “anticipate,” “believe,” “plan,” “predict,” “continue,” “anticipate these statements” or other similar words or words with a similar meaning. In addition, forward-looking statements may be included in various filings we make with the Securities and Exchange Commission (the “SEC”), or oral statements made by or with the consent of one of our authorized officers. Although we believe that the expectations expressed in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be true. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those expressed in these forward-looking statements. These known and unknown risks include, without limitation: the likelihood that we will engage in technical investments or acquisitions, and whether such transactions, if any, may be successful; cannabis remains illegal under US federal law, and enforcement of cannabis laws may change; the status of cannabis control is uncertain; The Company may not be able to obtain or maintain necessary permits and approvals; the Company may face restrictions on cannabis licensees; Company may be subject to US Food and Drug Administration or US Bureau of Alcohol, Tobacco, Firearms, and Explosives legislation; as a cannabis business, the Company is subject to anti-money laundering laws and regulations and prohibits access to banks and other financial services; The company may experience difficulties in obtaining additional funds; The Company operates in a highly regulated sector and may not always be successful in fully complying with regulatory requirements in all jurisdictions where it conducts business; The company faces intense competition; The company faces competition from the illegal market as well as hemp products that actually or purportedly comply with the Agricultural Improvement Act of 2018 (the Farm Bill); The company relies on recognition and consumer acceptance of its brand portfolio; The Company has limited trademark protection; as a cannabis business, the Company is subject to preferential tax treatment and may incur a significant tax burden; as a cannabis business, the Company may be subject to government asset forfeiture; The company is subject to criminal charges; The company is facing fraudulent or illegal activity; The company faces risks due to the immaturity of the industry or the lack of comparable, competitive or established industry best practices; The company faces risks related to its products; The Company’s business is subject to risks inherent in agricultural operations; the Company faces the inherent risk of product liability and similar claims; Company products may be subject to product recalls; The company may face unfavorable advertising or consumer opinion; the Company may be significantly affected by increases or decreases in energy prices and availability; The Company faces risks related to its information technology systems and potential cyber-attacks and security breaches; The Company relies on third-party software providers for many of the capabilities we rely on to operate, and a failure of one or more of these systems could adversely affect our business; The Company relies on the expertise of its management team and other personnel with experience in the cannabis industry, and the loss of key personnel could adversely affect its business; The Company’s voting rights are limited; The Company’s financial condition and voting control may result in unpredictability; and the sale of large amounts of Voting Shares by the Company’s shareholders in the public market may affect the market price of the Company’s Voting Shares. Additional information about these and other factors that could affect the Company’s business and financial condition and results of operations is included in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K and elsewhere in the Company’s filings with the SEC, available on the SEC’s website or at https://investors.gtigrows.com. Readers are cautioned not to place undue reliance on any forward-looking statements contained in this document, which reflect management’s opinion only as of the current date. Except as required by law, we undertake no obligation to review or disclose the results of any revisions to any forward-looking statements. You are advised, however, to question any other disclosures we make in our reports to the SEC. All of the following written and oral forward-looking statements made to us or our representatives are fully qualified by the cautionary statements contained in this document.
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