Green Thumb Industries Inc. (GTBIF) Form 8-K — Aug 11, 2026
Green Thumb Industries subsidiaries RSLGH, LLC and Vision Management Services, LLC entered into an amendment with RYTHM, Inc. on August 10, 2026 that removes the 49.99% beneficial ownership limitations on $72.0 million of GTI-held secured convertible notes and pre-funded warrants covering up to 9,731,638 RYTHM shares, effective October 10, 2026. As a result of the cap removal, Green Thumb will be required to consolidate RYTHM, Inc. in its financial statements beginning October 10, 2026 — by operation of the amended terms rather than through any exercise of securities, as the company states it does not intend to exercise the notes or warrants.
Key figures
- Debt Amount
- 72000000
- November 2024 note status
- converted into pre-funded warrants for 3,222,997 shares plus $175,000 accrued interest on November 3, 2025
- Consolidation effective date
- October 10, 2026
- Pre funded warrant shares rym
- 9731638
- May 2025 note original principal usd
- 27000000
- August 2025 note original principal usd
- 45000000
- Beneficial ownership limitation removed
- 49.99%
- November 2024 note original principal usd
- 10000000
AI analysis
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