Overall retail revenue increased 14.2% versus the fourth quarter of 2021 and 24.1% for the full year 2022. Adjusted Operating EBITDA: 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. Geographic location can impact the pay for employees at Green Thumb Industries as well. GREEN THUMB INDUSTRIES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. GTI's shares were trading 0.47% lower at $8.48 per share at the time of this publication on Monday morning. The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. Green Thumb Industries pays the lowest earners $16,000 a year, while the top 10 percent are paid over $77,000. From harvesting flower to helping a guest find the perfect product, our people leave their unique thumbprint across the company. Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. Apply for the Job in Brand Director, Retail Marketing at Chicago, IL. For employees in the corporate management department, the average yearly salary is $128,744, and employees in the art/design department earn an average yearly salary of $71,240. GREEN THUMB INDUSTRIES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. I studied the parallels with the repeal of alcohol prohibition in the 1930s. This press release includes certain non-GAAP financial measures as defined by the U.S. Securities and Exchange Commission (SEC). This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. The lowest paying organizational functions at Green Thumb Industries are hospitality/service and agriculture, where employees earn $29,959 and $31,144, respectively. Used by Google Analytics to throttle request rate. The information shown here is a reporting of information included in the company's proxy statement. 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 reflected in these forward-looking statements. $16.00 The company was named to Built In Chicago's Best Large Companies to Work For in 2022 list, Crain's Fast 50 list in 2021, and a Best Workplace by MG Retailer magazine in 2018 and 2019. Net income for the full year 2022 was $12.0 million or $0.05 per basic and diluted share. The staff at Green Thumb Industries come from unusually diverse demographic backgrounds. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. EBITDA: Earnings before interest, taxes, depreciation and amortization and is a measurement of financial performance without having to factor in financing decisions, accounting decisions or tax environments. Our Fair Pay score for Green Thumb Industries is 1.67. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Established in 2014, Green Thumb employs over 3,800 people and serves millions of patients and customers each year. $1,500 to the Democratic Party. ! Read what they think about their salaries on our Compensation FAQ page for , Patient Care Specialist salaries - 75 salaries reported, General Manager salaries - 15 salaries reported, Cultivation Technician salaries - 15 salaries reported, Shift Supervisor salaries - 11 salaries reported, Budtender salaries - 11 salaries reported, Production Technician salaries - 7 salaries reported, Assistant General Manager salaries - 7 salaries reported, Grow Technician salaries - 7 salaries reported, Pharmacist salaries - 6 salaries reported, Human Resources salaries - 5 salaries reported, Laboratory Technician salaries - 5 salaries reported, Maintenance Technician salaries - 4 salaries reported, Supply Chain Planner salaries - 4 salaries reported, Lab Technician salaries - 4 salaries reported, Senior Brand Manager salaries - 4 salaries reported, Agent In Charge salaries - 4 salaries reported, AIC Analyst salaries - 4 salaries reported, Guest Consultant salaries - 3 salaries reported. Used by Facebook to deliver a series of advertisement products such as real time bidding from third party advertisers. If you have any complaints or copyright issues related to this article, kindly contact the provider above. You can unsubscribe from these emails at any time. Total revenue for the fourth quarter 2022 was $259.3 million, up 6.4% from $243.6 million for the fourth quarter 2021. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The lack of progress regarding cannabis regulation from our elected officials in Congress is mind-numbing. Green Thumb Industries pays an average of $35,737 per year, or $17.18 an hour. None of the information on this page has been provided or approved by Green Thumb Industries. Dont miss out. I am confident that Green Thumb has the right team, the right brands, and the right operational setup to navigate the middle innings of this industry and beyond. This progress starts and ends with people. They use a bucket system which is time consuming. What is the average salary for Green Thumbs Industries employees in the United States? The extended maturity date did not involve any amendments to the Notes or any additional consideration to the existing lenders. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The community relies on everyone sharing. More information is available at . Consumer Packaged Goods gross revenue increased 1.7% versus the fourth quarter of 2021 and 6.0% for the full year 2022. Desire to continuously learn (more) about cannabis, cannabinoids and the endocannabinoid system, GTI products, and cannabis therapies previous knowledge a HUGE plus! Per Hour (Employer est. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. EBITDA for the full year 2022 was $217.7 million, or 21.4% of revenue. Help us make this company more transparent. Learn more in our Cookie Policy. 38% of Green Thumb Industries employees are women, while 62% are men. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? at Green Thumb (View all jobs) Dracut, Massachusetts, United States The Role RISE Patient Care Specialists engage in one-on-one interaction with patients from the time they enter the retail area until they check out and exit the store. Join us April 11-12, 2023 at Fontainebleau Miami Beach in sunny Florida. Zuanic retained an "Overweight" rating on the company's stock while lowering his 12-month price target to $32 from $36. Net loss attributable to the Company for the fourth quarter 2022 was ($51.2 million) or ($0.22) per basic and diluted share, compared to net income of $22.8 million, or $0.10 per basic and diluted share in the prior year. At Green Thumb Industries, the employees are paid different salaries depending on their location. It has an unusually high proportion of employees who are members of the Democratic Party, at 81.0%. Join to apply for the Supply Chain Planner role at Green Thumb Industries (GTI). Green Thumb Industries employees are most likely to be members of the Democratic Party. While performing the duties of this job, the employee is regularly required to perform grasping, talking, hearing, seeing and repetitive motions. !Error..Please enter a correct email address! The lowest-paying job at Green Thumb Industries is a Patient Care Specialist with a salary of $38,345 per year. Revenue growth in the fourth quarter was primarily driven by the legalization of adult-use sales in New Jersey, which began on April 21, 2022, as well as revenue generated from acquisitions made throughout 2021. Green Thumb Industries is in the alternative medicine industry. Headquartered in Chicago, Illinois, Green Thumb has 18 manufacturing facilities, 77 open retail locations and operations across 15 U.S. markets. Annual holiday allowance increase, up to 26 days + Bank Holidays. Select Accept to consent or Reject to decline non-essential cookies for this use. Sign in to save Supply Chain Planner at Green Thumb Industries (GTI). Highest Paying Job At Green Thumb Industries, Highest Paying Department At Green Thumb Industries. These traits hold us accountable as people who make up a business, so we grow individually and collectively to serve even more people. The decline in gross margin percentage was primarily driven by price compression. Adjusted Net Income: Net income attributable to Green Thumb Industries Inc., adjusted for non-cash goodwill impairment charges, write-off of trade name intangible assets and income tax benefits related to these charges. The crippling tax burden continues to hurt new operators by greatly reducing their prospects for a profitable and sustainable cannabis business, said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler. Before this business existed, I voted for Prop 215 while going to school in California back in 1996. It is a variation of the _gat cookie which is used to limit the amount of data recorded by Google on high traffic volume websites. Each organization selected encompasses one or more of Good Green's core pillars: education, employment and expungement. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Hours of work: 8am - 4.30pm Monday to Friday (with overtime opportunities) Location: Cheltenham and Surrounding areas. More information is available at GTIgrows.com The company was named to Crain's Chicago Business Fast 50 list in 2021 and 2022 and a Best Workplace by MG Retailer magazine in 2018, 2019 and 2021. Research salary, company info, career paths, and top skills for Brand Director, Retail Marketing This includes contributions of $1.5 million made through the Company's good green brand to nonprofit organizations that are enacting real, positive change in Black and Brown communities disproportionately affected by the War on Drugs. VP Product - Energy Trading - 150k+ total comp. As with other operators in the space, price deflation and wholesale market erosion will negatively affect the gross figures reported by a company concerning revenues and sales, saidZuanicwho is a speaker at theApril Cannabis Capital Conference in Miami. The website cannot function properly without these cookies. Sales Director Retail & Consumer industry, TECNICI DI MANUTENZIONE ELETTRO-MECCANICA, Product Engineer Manager(Python developer), Credit Risk Manager Private Banking - VIE, Working Student Team Assistant & Backoffice(m/f/d). The data presented on this page does not represent the view of Green Thumb Industries and its employees or that of Zippia. A typical owner/operator salary at Green Thumb Industries is $162,124. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. As General Counsel and Secretary at GREEN THUMB INDUSTRIES INC, Beth Burk made $1,185,669 in total compensation. Thank you for joining our journey to well-being. The estimated hourly pay at Green Thumb Industries ranges from approximately $12.82 per hour for Product Technician to $26.83 per hour for Maintenance Technician.. This press release contains statements that we believe are, or may be considered to be,forward-looking statements. All statements other than statements of historical fact included in this document regarding the prospects of our industry or our prospects, plans, financial position or business strategy may constitute forward-looking statements. Ability to work in varying and sometimes adverse weather conditions when the business requires such as performing retail operations outside via curbside service, removing trash or other outdoor tasks. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Click the link in the email we sent to to verify your email address and activate your job alert. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Based in Chicago, IL, Green Thumb Industries is a key player in the health care industry with 1,500 employees and an annual revenue of $556.6M. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained in this document. by James Furuyama. We have integrity We stand by our word and prove it through our actions. In 2022, Green Thumb reached $1 billion in annual revenue while delivering over $300 million in Adjusted Operating EBITDA. Were humbleWe prefer quiet confidence and dont shout about our success. 10% of Green Thumb Industries employees are Black or African American. People who believe in what we do. Total other expense was $14.1 million for the fourth quarter 2022, primarily reflecting interest expense associated with the Company's senior secured notes, as well as various fair value adjustments associated with the Company's existing investment portfolio. GREEN THUMB INDUSTRIES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Marketing cookies are used to track visitors across websites. Total debt outstanding was $275.7 million. The most common ethnicity at Green Thumb Industries is White (58%). Sign in to create your job alert for Care Specialist jobs in Latrobe, PA. How much do Green Thumb Industries employees make? Some of the other roles at Green Thumb Industries are harvester and janitor. Must be and remain compliant with all legal or company regulations for working in the industry. For additional information on these non-GAAP financial measures, see below underNon-GAAP Financial Information.. More information is available at GTIgrows.com For the full year, gross margin was $504 . Were grateful Working in our industry is a privilege and an act of service. Workers at Green Thumb Industries earn different salaries depending on the department or organizational function that they work in. Pros Newark, NJ. Established in 2014, Green Thumb employs over 3,800 people and serves millions of patients and customers each year. Green Thumb Industries's mission statement is "We believe in the plant's potential to improve health, happiness, and comfort. Posted more than 4w ago 5. None of the information on this page has been provided or approved by Green Thumb Industries. This financial strength provides for both optionality and durability going forward., Fourth Quarter and Full Year 2022 Financial Overview. These known and unknown risks include, without limitation: cannabis remains illegal under U.S. federal law, and enforcement of cannabis laws could change; the Company may be subject to action by the U.S. federal government; state regulation of cannabis is uncertain; the Company may not be able to obtain or maintain necessary permits and authorizations; the Company may be subject to heightened scrutiny by Canadian regulatory authorities; the Company may face limitations on ownership of cannabis licenses; the Company may become subject to U.S. Food and Drug Administration or the U.S. Bureau of Alcohol, Tobacco and Firearms; cannabis businesses are subject to applicable anti-money laundering laws and regulations and have restricted access to banking and other financial services; the Company may face difficulties acquiring additional financing; the Company faces intense competition; the Company faces competition from unregulated products; the Company is dependent on the popularity and consumer acceptance of our brand portfolio; the Company lacks access to U.S. bankruptcy protections; the Company operates in a highly regulated sector and may not always succeed in complying fully with applicable regulatory requirements in all jurisdictions where it carries on business; the Company has limited trademark protections; the Company may face difficulties in enforcing its contracts; cannabis businesses are subject to unfavorable tax treatment; cannabis businesses may be subject to civil asset forfeiture; the Company is subject to proceeds of crime statutes; the Company faces exposure to fraudulent or illegal activity; the Company's use of joint ventures may expose it to risks associated with jointly owned investments; the Company faces risks due to industry immaturity or limited comparable, competitive or established industry best practices; the Company faces risks related to its products; the Company's business is subject to the risks inherent in agricultural operations; 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 numerous capabilities we depend upon to operate, and a disruption of one or more of these systems could adversely affect our business; the Company faces an inherent risk of product liability and similar claims; the Company's products may be subject to product recalls; the Company may face unfavorable publicity or consumer perception; the Company's voting control is concentrated; the Company's capital structure and voting control may cause unpredictability; and sales of substantial amounts of the Subordinate Voting Shares by our shareholders in the public market may have an adverse effect on the market price of the Subordinate Voting Shares. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Have you worked at Green Thumb Industries? Green Thumb Industries may also be known as or be related to Green Thumb Industries, Green Thumb Industries (gti) and Green Thumb Industries Inc. Know Your Worth. We invest in our people, our brands, and our retail experiences to power a profound shift in well-being. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Our team continued to execute on our mission by building authentic brands that resonate with consumers. For all other types of cookies we need your permission. Gross profit for the fourth quarter 2022 was $124.0 million or 47.8% of revenue compared to $128.6 million or 52.8% of revenue for the fourth quarter 2021. KEY NOT FOUND: ei.filter.lock-cta.message. You can opt out through your browser, but then you will not have access to all the functions of the website. Cautionary Note Regarding Forward-Looking Information. Green Thumb Industries is ranked #66 on the Best Health Care Companies to Work For in Illinois list. Green Thumb Industries employees are most likely to be members of the democratic party. The department you work in can have an impact on your salary as well. Get a free, personalized salary estimate based on today's job market. The charts on this page feature a breakdown of the total annual pay for the top executives at GREEN THUMB INDUSTRIES INC as reported in their proxy statements. This cookie is set by Youtube to keep track of user preferences for Youtube videos embedded in sites;it can also determine whether the website visitor is using the new or old version of the Youtube interface. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. On July 14, 2022, Green Thumb announced it exercised its right to extend the maturity date of its senior non-brokered debt by one year, from April 30, 2024 to April 30, 2025. Highlights for the fourth quarter ended December 31, 2022: Highlights for the year ended December 31, 2022: See definitions and reconciliation of non-GAAP measures elsewhere in this release. Yes, I'm definitely at least twenty-one (21) years of age or am otherwise a qualified patient. The company also owns and operates rapidly growing national retail cannabis stores called RISE. 2 Green Thumb Industries Major Incident Manager jobs in Hamburg. Salary: $0 - $0 This data is based on 10. Green Thumb Industries Inc. 325 West Huron Street Suite 700 Chicago, IL 60654 United States 312 471 6720 https://www.gtigrows.com Sector (s) : Healthcare Industry : Drug. This cookie name is associated with Google Universal Analytics - which is a significant update to Google's more commonly used analytics service. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Submit Your Articles/Press Releases/Reports. The conference call may be accessed by dialing 844-883-3895 (Toll-Free) or 412-317-5797 (International). We believe strongly that cannabis can enable that change and that we can achieve it by working together. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Coronavirus Tips Working and Protection, For its 2021 fiscal year, GREEN THUMB INDUSTRIES INC, listed the following executives on its annual proxy statement to the SEC. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. Green Thumb Industries Overview Overview 254 Reviews 230 Jobs 134 Salaries 63 Interviews 40 Benefits 24 Photos View Jobs Green Thumb Industries Overview Website: www.gtigrows.com Headquarters: Chicago, United States Size: 1001 to 5000 Employees Founded: 2014 Type: Company - Public (GTBIF) Industry: Drug & Health Stores Revenue: Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Why do people leave their jobs? James Furuyama donated At Green Thumb, we are here because we believe deeply in a new way of well-being. at Green Thumb (View all jobs) Chicago, Illinois, United States The Role As a leading operator in the rapidly growing and evolving cannabis industry, Green Thumb is seeking a creative, driven, and high energy individual to join our Communications team. Green Thumb Industries Q3 Revenue Grows 11.8% YoY Driven By Retail Sales In New. 2023 Green Thumb Industries (GTI).All Rights Reserved. Green Thumb Industries was founded in 2014. Use our tool to get a personalized report on your market worth. Gross profit for the fourth quarter 2022 was $124.0 million or 47.8% of revenue compared to $128.6 million or 52.8% of revenue for the fourth quarter 2021. Region, Cross Readers are cautioned not to place undue reliance on any forward-looking statements contained in this document, which reflect management's opinions only as of the date hereof. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Of this total $327,202 was received as a salary, $208,482 was received as a bonus, $649,985 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. It stores and update a unique value for each page visited and is used to count and track pageviews. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers. We invest in our people, our brands, and our retail experiences to power a profound shift in well-being.". Green Thumb Industries (GTI) Latrobe, PA 1 week ago Be among the first 25 applicants See who Green Thumb Industries (GTI) has hired for this role Equally important, Green Thumb had $178 million in cash at year end, which is a $31 million increase over last quarter, and we delivered $159 million in cash flow from operations for the year. On average, employees at Green Thumb Industries stay with the company for 3.6 years. What we offer: Starting salary: 21,989 (may be higher depending on experience) 1000 signing on bonus. Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. The data presented on this page does not represent the view of Green Thumb Industries and its employees or that of Zippia. This consisted of two charges: a $57.4 million goodwill impairment charge and a $31.1 million write off of the Essence tradename intangible. Cookies are small text files that can be used by websites to make a user's experience more efficient. During the fourth quarter 2022, the Company also recorded a non-cash impairment charge of $88.5 million related to its Nevada business. 325 W. Huron St.Chicago, IL 60654312.471.6720. Green Thumb Industries employees rate the overall compensation and benefits package 3/5 stars. This cookie is necessary for GDPR-compliance of the web site. People who believe in change. This cookie is used to distinguish unique users by assigning a randomly generated number as a client identifier. Average salaries for Green Thumb Industries Human Resources: [salary]. For the full fiscal year, Green Thumb reported revenues of $556.6 million, along with a net income of $19.1 million. Adjusted Operating EBITDA for the full year was $311.5 million or 30.6% of revenue, compared to $307.8 million or 34.5% of revenue last year. Total selling, general and administrative expenses for the full year 2022 were $294.4 million or 28.9% of revenue, an increase from $277.1 million or 31.0% of revenue in the prior year. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $948,700 to $2,277,500 with the average total cash compensation of $1,465,400.
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