SCHEDULE: Eminence Capital Boosts Green Thumb Stake to 7.6%
Beneficial Ownership Report (Schedule 13G)
Eminence Capital and Ricky C. Sandler disclose a 7.6% beneficial ownership stake in Green Thumb Industries Inc. through Subordinate Voting Shares.
Summary
- Eminence Capital, LP and Ricky C. Sandler reported beneficial ownership of 16,091,578 Subordinate Voting Shares of Green Thumb Industries Inc.
- This ownership represents 7.6% of the class of Subordinate Voting Shares outstanding.
- The percentage is calculated based on 212,559,360 Subordinate Voting Shares outstanding as of May 1, 2025.
- The shares are held by various investment funds and a separately managed account managed by Eminence Capital.
- The acquisition and holding of these securities are stated to be in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership, indicating a passive investment without explicit positive or negative commentary on the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing pertains to Green Thumb Industries Inc., a company operating in the cannabis industry. The disclosure of a significant passive stake by an institutional investor like Eminence Capital can be viewed within the context of evolving investment interest in the regulated cannabis sector.
Stakeholder Impact
- Shareholders: Disclosure of a significant passive institutional investor holding, potentially signaling confidence in the company's long-term prospects.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date as of which 212,559,360 Subordinate Voting Shares were outstanding, used for percentage calculation. |
| 05/20/2025 | Date Green Thumb Industries Inc. filed Amendment No. 1 to its Quarterly Report on Form 10-Q/A for the period ended March 31, 2025. |
| 06/30/2025 | Date of event requiring the filing of this Schedule 13G. |
| 08/14/2025 | Date the Schedule 13G was signed and filed by Eminence Capital, LP and Ricky C. Sandler. |
Keywords
Green Thumb Industries, Eminence Capital, Ricky C. Sandler, Subordinate Voting Shares, Beneficial Ownership, Schedule 13G, Cannabis Industry, Investment Fund
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