Goodness Growth is a United States-based multi-state cannabis company with significant operations in four core markets of Maryland, Minnesota, New Mexico, and New York. We are science-focused and dedicated to providing patients and adult-use customers with high quality cannabis-based products. We cultivate cannabis in environmentally friendly greenhouses, manufacture pharmaceutical-grade cannabis extracts, and sell our products at both Company-owned and third-party dispensaries to qualifying patients and adult-use customers. We currently serve thousands of customers each month.
Company profile
Ticker
GDNSF
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Vireo Health International, Inc.
SEC CIK
Corporate docs
Subsidiaries
1776 Hemp, LLC • EHF Cultivation Management, LLC • Elephant Head Farm, LLC • MaryMed, LLC • Mayflower Botanicals Inc. • MJ Distributing C201, LLC • MJ Distributing P132, LLC • Resurgent Biosciences, Inc. • Retail Management Associates, LLC • Verdant Grove, LLC ...
Latest filings (excl ownership)
424B3
Prospectus supplement
17 Apr 24
DEFA14A
Additional proxy soliciting materials
17 Apr 24
8-K
Shareholder Nominations Pursuant to Exchange Act Rule 14a-11
17 Apr 24
424B3
Prospectus supplement
5 Apr 24
8-K
CORRECTION - ACE Venture Enterprises, Inc. Announces Planned Acquisition of Vireo Health of New York from Goodness Growth Holdings
5 Apr 24
POS EX
Additional exhibits for listing
2 Apr 24
424B3
Prospectus supplement
2 Apr 24
S-8
Registration of securities for employees
2 Apr 24
S-8
Registration of securities for employees
2 Apr 24
15-12G
Securities registration termination
2 Apr 24
Latest ownership filings
4
Amber Holly Shimpa
8 Jan 24
4/A
Amber Holly Shimpa
8 Jan 24
SC 13D
Kingsley Kyle Eugene
10 Aug 23
4
Kyle Eugene Kingsley
2 Aug 23
SC 13D
Chicago Atlantic Credit Opportunities, LLC
14 Jul 23
3
Initial statement of insider ownership
14 Jul 23
4
J Michael Schroeder
14 Jun 23
4
John Andrew Heller
14 Jun 23
SC 13G
Barnard Robert James
13 Jun 23
SC 13G/A
Cowen Financial Products LLC
25 Jan 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 13.30 mm | 13.30 mm | 13.30 mm | 13.30 mm | 13.30 mm | 13.30 mm |
Cash burn (monthly) | (no burn) | 712.16 k | (no burn) | 1.16 mm | (no burn) | 552.12 k |
Cash used (since last report) | n/a | 4.89 mm | n/a | 7.98 mm | n/a | 3.79 mm |
Cash remaining | n/a | 8.41 mm | n/a | 5.32 mm | n/a | 9.51 mm |
Runway (months of cash) | n/a | 11.8 | n/a | 4.6 | n/a | 17.2 |
Institutional ownership, Q1 2023
8.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 8.48 mm |
Total shares | 8.69 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Dumont Master Fund | 4.55 mm | $7.82 mm |
Cowen Financial Products | 4.14 mm | $662.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Dec 23 | Amber Holly Shimpa | Option Subordinate Voting Shares | Grant | Acquire A | No | No | 0.25 | 750,000 | 187.50 k | 1,320,787 |
31 Jul 23 | Kyle Eugene Kingsley | Subordinate Voting Shares | Conversion | Acquire C | No | No | 0 | 6,541,100 | 0.00 | 6,541,100 |
31 Jul 23 | Kyle Eugene Kingsley | Super Voting Shares Subordinate Voting Shares | Conversion | Dispose C | No | No | 0 | 65,411 | 0.00 | 0 |
7 Jun 23 | John Andrew Heller | Stock Option Subordinate voting shares | Grant | Acquire A | No | No | 0.1757 | 1,602,829 | 281.62 k | 1,973,541 |
7 Jun 23 | J Michael Schroeder | Stock Options Subordinate Voting Shares | Grant | Acquire A | No | No | 0.1757 | 619,907 | 108.92 k | 1,690,075 |
News
4/20 Cannabis Retail Frenzy: Leading Brands Ready For Record Sales Surge - Who Will Lead?
20 Apr 24
Goodness Growth Holdings Reports Q4 2023 Revenue Growth, Gross Margin And Operating Profits
2 Apr 24
Craft Cannabis Co. Grown Rogue Reports Gross Profit Increase In 2023, CEO Signals Expansion
29 Feb 24
Press releases
Goodness Growth Holdings Announces Fourth Quarter and Full Year 2023 Results
1 Apr 24
ACE Venture Enterprises, Inc. Announces Planned Acquisition of Vireo Health of New York from Goodness Growth Holdings
1 Apr 24
Goodness Growth Holdings Reschedules Fourth Quarter and Full Year 2023 Results Call to April 1, 2024
25 Mar 24
Goodness Growth Holdings to Release Fourth Quarter and Full Year 2023 Results on March 28, 2024
14 Mar 24