[PRESS RELEASE] – CHICAGO and VANCOUVER, British Columbia, April 1, 2026 – Green Thumb Industries Inc., a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, announced amendments to its brand licensing agreements with wholly-owned subsidiaries of RYTHM Inc.
Effective April 1, 2026, GTI Core LLC, an indirect wholly-owned subsidiary of the company, has amended its existing trademark and recipe license agreements with VCP IP Holdings LLC and MC Brands LLC, both wholly-owned subsidiaries of RYTHM. Under the amended agreements, licensing fees transition from revenue-based fees to recurring fixed fees of $70 million cash per year collectively for the license rights to RYTHM Premium Cannabis, incredibles, Beboe, Dogwalkers, Doctor Solomon's, &Shine, and Good Green.
Fees are payable in monthly installments and subject to an annual increase equal to two times the consumer price index-based escalator. No other terms were changed.
“As a significant shareholder in RYTHM, Green Thumb shareholders are positioned to benefit from RYTHM’s long-term growth and value creation,” Green Thumb founder, Chairman and CEO Ben Kovler said. “Green Thumb has grown and scaled these brands for more than a decade, and we remain as committed as ever to expanding their reach.”
