CHICAGO and VANCOUVER, British Columbia — February 20, 2026 — Leads & Copy — Green Thumb Industries Inc. has increased its existing syndicated credit facility by $50 million, bringing the total to $189 million, the company announced today.
The credit facility, led by Valley National Bank, will be used for general corporate purposes, potential strategic investments, and other working capital requirements.
“Adding $50 million to our balance sheet at a low rate should be good for our shareholders long term,” said Founder, Chairman and Chief Executive Officer Ben Kovler. “We are fortunate to have Valley National Bank as a financing partner who has confidence in our business model and capital stewardship.”
The credit facility has a maturity date of September 11, 2029, and will bear interest from the date of issue at Secured Overnight Financing Rate (SOFR) + 500 basis points. The transaction did not involve the issuance of any Green Thumb equity to any of the participating banks in the syndication.
Green Thumb Industries Inc. is a national cannabis 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’s and Good Green. Green Thumb also owns and operates RISE Dispensaries, a retail chain.
Established in 2014, Green Thumb has 20 manufacturing facilities and over 100 retail stores across 14 U.S. markets, employing approximately 5,000 people.
Source: Green Thumb Industries Inc.
