Green Thumb Industries has approved a significant expansion of its ongoing share repurchase program, increasing the total authorization to $150 million as the company continues returning capital to shareholders.

The move, announced April 23, adds $100 million to an existing program first unveiled in September 2025. Since launching the initiative, Green Thumb has already repurchased roughly 7.5 million shares for about $43.4 million, including approximately $33 million spent during the first quarter of 2026 alone.

Company leadership framed the decision as a reflection of confidence in the business and its long-term outlook. CEO Ben Kovler said the company believes its current share price does not fully represent its underlying value, pointing to continued buybacks as a way to capitalize on that gap while strengthening shareholder returns.

The repurchase program remains flexible, with no obligation for the company to buy a set number of shares. Purchases may occur across multiple trading platforms, including the Canadian Securities Exchange and OTCQX, depending on market conditions. The program is scheduled to run through September 22, 2026, though it can be paused or ended early if the company identifies alternative uses for its capital.

Green Thumb stated it does not expect to take on debt to fund the buybacks, instead relying on its existing financial position. Any shares repurchased will be canceled, effectively reducing the total number of shares outstanding and potentially boosting earnings per share over time.

Headquartered in Chicago, Green Thumb operates across 14 U.S. markets with a portfolio of well-known marijuana brands and more than 100 retail locations. The expanded buyback underscores a broader trend among large marijuana companies using capital return strategies to reinforce investor confidence while navigating ongoing federal uncertainty.