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Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2020	May 12, 2020
Document Information [Line Items]
Document Type	10-Q
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	GREEN THUMB INDUSTRIES INC.
Entity Central Index Key	0001795139
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Address, State or Province	BC
Subordinate Voting Shares [Member]
Document Information [Line Items]
Title of 12(g) Security	Subordinate Voting Shares
Entity Common Stock, Shares Outstanding		145,099,821
Multiple Voting Shares [Member]
Document Information [Line Items]
Title of 12(g) Security	Multiple Voting Shares
Entity Common Stock, Shares Outstanding		23,850,400
Super Voting Shares [Member]
Document Information [Line Items]
Title of 12(g) Security	Super Voting Shares
Entity Common Stock, Shares Outstanding		39,081,400

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and Cash Equivalents	$ 71,521,954	$ 46,667,334
Accounts Receivable	6,725,972	7,530,253
Inventories	50,170,268	46,034,481
Prepaid Expenses	6,225,954	6,780,657
Other Current Assets	6,171,998	2,049,886
Total Current Assets	140,816,146	109,062,611
Property and Equipment, Net	160,463,256	155,596,675
Right of Use Assets, Net	97,034,010	63,647,812
Investments	13,853,214	14,068,821
Investment in Associate	10,600,000	10,350,000
Notes Receivable		815,937
Intangible Assets, Net	426,328,731	435,246,898
Goodwill	372,218,999	375,084,991
Deposits and Other Assets	1,699,805	3,662,879
TOTAL ASSETS	1,223,014,161	1,167,536,624
Current Liabilities:
Accounts Payable	17,945,740	9,990,377
Accrued Liabilities	42,486,913	35,939,850
Current Portion of Notes Payable	182,926	206,675
Current Portion of Lease Liabilities	1,473,812	3,833,268
Liability for Acquisition of Noncontrolling Interest	5,500,000	5,500,000
Contingent Consideration Payable	41,581,975	50,391,181
Income Tax Payable	19,078,904	5,505,904
Total Current Liabilities	128,250,270	111,367,255
Long-Term Liabilities:
Lease Liabilities	98,032,455	61,115,737
Notes Payable, Net of Current Portion	92,690,031	91,140,194
Contingent Consideration Payable	8,762,527	8,545,558
Warrant Liability	8,497,000	15,879,843
Deferred Income Taxes	33,976,361	36,279,361
TOTAL LIABILITIES	370,208,644	324,327,948
COMMITMENTS AND CONTINGENCIES
SHARE HOLDERS' EQUITY
Share Capital	990,290,509	980,638,701
Contributed Surplus	8,302,730	3,960,854
Deferred Share Issuances	16,587,798	16,587,798
Accumulated Deficit	(164,697,854)	(160,491,590)
Equity of Green Thumb Industries Inc.	850,483,183	840,695,763
Noncontrolling interests	2,322,334	2,512,913
TOTAL SHAREHOLDERS' EQUITY	852,805,517	843,208,676
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,223,014,161	1,167,536,624
Subordinate Voting Shares [Member]
SHARE HOLDERS' EQUITY
Share Capital	0	0
Multiple Voting Shares [Member]
SHARE HOLDERS' EQUITY
Share Capital	0	0
Super Voting Shares [Member]
SHARE HOLDERS' EQUITY
Share Capital	$ 0	$ 0

Condensed Consolidated Balance Sheets (Parenthetical) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Subordinate Voting Shares [Member]
Common Stock, Shares Authorized	Unlimited	Unlimited
Common Stock, Shares, Issued	144,811,572	128,999,964
Common Stock, Shares, Outstanding	144,811,572	128,999,964
Multiple Voting Shares [Member]
Common Stock, Shares Authorized	Unlimited	Unlimited
Common Stock, Shares, Issued	238,504	373,350
Common Stock, Shares, Outstanding	238,504	373,350
Super Voting Shares [Member]
Common Stock, Shares Authorized	Unlimited	Unlimited
Common Stock, Shares, Issued	390,814	402,289
Common Stock, Shares, Outstanding	390,814	402,289

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenues, net of discounts	$ 102,602,602	$ 27,913,163
Cost of Goods Sold, net	(49,615,188)	(15,123,942)
Gross Profit	52,987,414	12,789,221
Expenses:
Selling, General, and Administrative	45,434,757	26,418,881
Total Expenses	45,434,757	26,418,881
Income (Loss) From Operations	7,552,657	(13,629,660)
Other Income (Expense):
Other Income, net	6,786,110	5,256,653
Interest Income	88,115	356,830
Interest Expense, net	(5,041,442)	(451,878)
Total Other Income (Expense)	1,832,783	5,161,605
Income (Loss) Before Provision for Income Taxes And Non-Controlling Interest	9,385,440	(8,468,055)
Provision For Income Taxes	13,149,000	1,236,000
Net Loss Before Non-Controlling Interest	(3,763,560)	(9,704,055)
Net Income (Loss) Attributable to Non-Controlling Interest	442,704	(140,999)
Net Loss Attributable to Green Thumb Industries Inc.	$ (4,206,264)	$ (9,563,056)
Net Loss per share - basic and diluted	$ (0.02)	$ (0.06)
Weighted average number of shares outstanding - basic and diluted	208,468,356	167,171,886

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Total	Share Capital [Member]	Shares To Be Issued [Member]	Contributed Surplus [Member]	Deferred Share Issuance [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]
Beginning balance at Dec. 31, 2018	$ 342,186,880	$ 397,590,465	$ 27,773,234	$ 14,202,659	$ 0	$ (100,876,937)	$ 3,497,459
Adoption of ASC 842, Leases	(498,246)	0	0	0	0	(498,246)	0
Noncontrolling interests adjustment for change in ownership	4,200,382	27,773,234	(27,773,234)	4,200,382	0	0	0
Contributions from limited liability company unit holders	1,650,000	0	0	0	0	0	1,650,000
Issuance of shares under business combinations and investments	164,115,710	168,904,857	0	(4,789,147)	0	0	0
Issuance of shares for redemption of noncontrolling interests	12,976,870	15,025,523	0	(2,048,653)	0	0	0
Deferred Share Issuances	15,280,000	0	0	0	15,280,000	0	0
Stock based compensation	5,844,800	0	0	5,844,800	0	0	0
Distributions to limited liability company unit holders	(536,159)	0	0	0	0	0	(536,159)
Net loss	(9,704,055)	0	0	0	0	(9,563,056)	(140,999)
Ending balance at Mar. 31, 2019	535,516,182	609,294,079		17,410,041	15,280,000	(110,938,239)	4,470,301
Beginning balance at Dec. 31, 2019	843,208,676	980,638,701		3,960,854	16,587,798	(160,491,590)	2,512,913
Contributions from limited liability company unit holders	50,000	0	0	0	0	0	50,000
Issuance of shares under business combinations and investments	6,062	684,551	0	(678,489)	0	0	0
Contingent Consideration And Other Adjustments To Purchase Accounting	8,967,257	8,967,257	0	0	0	0	0
Stock based compensation	5,073,742	0	0	5,073,742	0	0	0
Distributions to limited liability company unit holders	(736,660)	0	0	(53,377)	0	0	(683,283)
Net loss	(3,763,560)	0	0	0	0	(4,206,264)	442,704
Ending balance at Mar. 31, 2020	$ 852,805,517	$ 990,290,509	$ 0	$ 8,302,730	$ 16,587,798	$ (164,697,854)	$ 2,322,334

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOW FROM OPERATING ACTIVITIES
Net loss attributable to Green Thumb Industries Inc.	$ (4,206,264)	$ (9,563,056)
Net income (loss) attributable to non-controlling interest	442,704	(140,999)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	12,705,172	3,261,333
Amortization of operating lease assets	4,257,515	492,000
Gain on disposal of property and equipment	(239,096)
Bad debt expense	315,261
Deferred income taxes	(424,000)	24,000
Stock based compensation	5,073,742	5,844,800
Decrease (increase) in fair value of investments	274,592	(593,522)
Changes in value of liabilities related to put option and purchase of noncontrolling interests		(448,166)
Interest on contingent consideration payable and acquisition liabilities	546,009	273,777
Increase (decrease) in fair value of contingent consideration	(170,990)
Decrease in fair value of warrants	(7,382,843)
Decrease (increase) in fair value of note receivable	810,337	(4,109,793)
Amortization of debt discount	1,585,322
Changes in operating assets and liabilities:
Accounts receivable	489,020	700,025
Inventory	(4,135,787)	(2,591,611)
Prepaid expenses and other current assets	(3,561,809)	264,534
Deposits and other assets	1,963,074	216,503
Accounts payable	7,955,363	5,687,409
Accrued liabilities	264,226	(5,338,647)
Operating lease liabilities	(3,086,451)	(284,336)
Income tax payable	13,573,000	2,006,443
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	27,048,097	(4,299,306)
CASH FLOW FROM INVESTING ACTIVITIES
Purchases of property and equipment	(13,246,608)	(12,295,601)
Proceeds from disposal of assets	11,799,025
Purchase of businesses, net of cash acquired		(12,941,549)
NET CASH USED IN INVESTING ACTIVITIES	(1,447,583)	(25,237,150)
CASH FLOW FROM FINANCING ACTIVITIES
Contributions from limited liability company unit holders	50,000	1,650,000
Distributions to third parties and limited liability company unit holders	(736,660)	(536,159)
Principal repayment of notes payable	(59,234)	(481,490)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(745,894)	632,351
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	24,854,620	(28,904,105)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	46,667,334	145,986,072
CASH AND CASH EQUIVALENTS, END OF PERIOD	71,521,954	117,081,967
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	2,910,111	178,434
OTHER NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued capital expenditures	(6,966,907)	(1,320,000)
Noncash increase in right of use asset	(33,742,287)	(22,233,609)
Noncash increase in lease liability	(33,742,287)	(22,731,855)
Net liability upon adoption of ASC 842, Leases		(498,246)
Exercise of put option		4,200,382
Issuance of shares under acquisition agreement	(8,967,257)
Deferred share issuances to prior owners of noncontrolling interest	400,143	15,280,000
Issuance of shares under business combinations	6,062	(164,549,779)
Inventory		2,951,828
Accounts receivable		420,649
Property and equipment		6,002,725
Right of use assets		565,336
Identifiable intangible assets		87,000,000
Goodwill	(2,865,992)	158,664,327
Deposits and other assets	1,015,020	636,180
Liabilities assumed	(302,604)	(3,352,704)
Lease liabilities		(565,336)
Contingent liabilities		(27,079,852)
Deferred share issuances		(15,280,000)
Equity interests issued	503,389	(164,549,779)
Conversion of note receivable previously issued		(9,012,000)
Acquisition liability	(228,813)	(839,825)
Deferred income taxes	1,879,000	(22,620,000)
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed)		12,941,549
RECONCILIATION OF CASH, AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents	64,613,618	117,081,967
Restricted cash	6,908,336
TOTAL CASH, AND CASH EQUIVALENTS AND RESTRICTED CASH	$ 71,521,954	$ 117,081,967

Overview and Basis of Presentation

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Overview and Basis of Presentation

1. Overview and Basis of Presentation

(a) Description of Business

Green Thumb Industries Inc. (“Green Thumb” or the “Company”) is promoting well-being through the power of cannabis through branded consumer packaged goods and people-first retail experiences, while being committed to community and sustainable profitable growth. Green Thumb owns, manufactures, and distributes a portfolio of cannabis consumer packaged goods brands including Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection, primarily to third-party retail stores across the United States as well as to Green Thumb owned retail stores. The Company also owns and operates retail cannabis stores that include a rapidly growing national chain of retail cannabis stores called Rise

and a Las Vegas, Nevada area chain of retail cannabis stores called Essence. As of March 31, 2020, Green Thumb has operating revenue in twelve markets (California, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Ohio, and Pennsylvania).

On June 12, 2018, the Company completed a reverse takeover transaction (“RTO”) as further described in Note 3 of

Green Thumb’s

Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on April 15, 2020 (“2019 Form 10-K”). Following the RTO, the Company was listed on the Canadian Securities Exchange (the “CSE”) under ticker symbol “GTII” and on the OTCQX, part of the OTC Markets Group, under the ticker “GTBIF”.

The Company’s registered office is located at 885 West Georgia Street, Suite 2200, Vancouver, British Columbia, V6C 3E8, Canada. The Company’s U.S. headquarters are at 325 W. Huron St., Suite 412, Chicago, IL 60654.

(b) Basis of Presentation

The accompanying unaudited condensed consolidated financial statements include the accounts of Green Thumb Industries Inc. and have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and, accordingly, certain information, footnotes and disclosures normally included in the annual financial statements, prepared in accordance with GAAP, have been condensed or omitted in accordance with SEC rules and regulations. The financial data presented herein should be read in conjunction with the audited consolidated and combined financial statements and accompanying notes included in the 2019

Form 10-K.

In the opinion of management, the financial data presented includes all adjustments necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. Results of interim periods should not be considered indicative of the results for the full year. These unaudited condensed consolidated interim financial statements include estimates and assumptions of management that affect the amounts reported in the unaudited condensed consolidated financial statements. Actual results could differ from these estimates.

The results of operations for the three months ended March 31, 2020 are not necessarily indicative of the results to be expected for the entire year ending December 31, 2020.

There have been no changes to the Company’s significant accounting policies as described in Note 2 of the Company’s 2019 Form 10-K.

(d) Loss per Share

Basic loss per share is calculated using the treasury stock method, by dividing the net loss attributable to shareholders by the weighted average number of common shares outstanding during each of the periods presented. Contingently issuable shares (including shares held in escrow) are not considered outstanding common shares and consequently are not included in the loss per share calculations. Diluted

loss

per share is calculated by adjusting the weighted average number of common shares outstanding to assume conversion of all dilutive potential common shares. The Company has three categories of potentially dilutive common share equivalents: restricted stock units, stock options and warrants. At March 31, 2020, the Company had 5,974,938 options outstanding, 1,477,898 restricted stock units and 2,387,470 warrants outstanding. At March 31, 2019, the Company had 2,411,192 options outstanding, 1,585,000 restricted stock units outstanding and no warrants outstanding.

In order to determine diluted loss per share, it is assumed that any proceeds from the exercise of dilutive stock options would be used to repurchase common shares at the average market price during the period. The diluted loss per share calculation excludes any potential conversion of stock options and convertible debt that would decrease loss per share. As a result, the Company’s calculation of basic loss per share and diluted loss per share include the same number of share equivalents for three months ended March 31, 2020 and 2019

(e) Recently Adopted Accounting Standards

(i)

In June 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) No. 2016-13,

Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments

(“ASU 2016-13”), which replaces the incurred loss model with a current expected credit loss (“CECL”) model and requires consideration of a broader range of reasonable and supportable information to explain credit loss estimates. This standard applies to financial assets, measured at amortized cost, including loans, held-to-maturity debt securities, net investments in leases and trade accounts receivable. The guidance must be adopted using a modified retrospective transition method through a cumulative-effect adjustment to retained earnings in the period of adoption. The Company adopted ASU 2016-13 on January 1, 2020. The adoption of the standard did not have a material impact on the Company’s unaudited interim condensed consolidated financial statements.

(ii)

In January 2017, the FASB issued Accounting Standards Update No. 2017-04 “

Intangibles— Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment

” (“ASU 2017-04”), which simplifies the accounting for goodwill impairment. ASU 2017-04 requires entities to record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value (Step 1 under the current impairment test). The standard eliminates Step 2 from the current goodwill impairment test, which included determining the implied fair value of goodwill and comparing it with the carrying amount of that goodwill. ASU 2017-04 must be applied prospectively and is effective in the first quarter of 2020. Early adoption is permitted. The Company adopted the new standard in the first quarter of 2020. The adoption of the standard did not have a material impact on the Company’s unaudited interim condensed consolidated financial statements.

(

iii)

In August 2018, the FASB issued ASU 2018-13,

Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820)

. ASU 2018-13 adds, modifies, and removes certain fair value measurement disclosure requirements. ASU 2018-13 is effective for annual and interim periods beginning after December 15, 2019. The Company adopted the new standard in the first quarter of 2020. The adoption of the standard did not have a material impact on the Company’s unaudited interim condensed consolidated financial statements.

(f) Coronavirus Pandemic

In March 2020, the World Health Organization categorized coronavirus disease 2019 (“COVID-19”) as a pandemic. COVID-19 continues to spread throughout the U.S. and other countries across the world, and the duration and severity of its effects are currently unknown. The Company is implementing and evaluating actions to strengthen its financial position and support the continuity of its business and operations.

The Company’s unaudited interim condensed consolidated financial statements presented herein reflect estimates and assumptions made by management that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited interim condensed consolidated financial statements and reported amounts of revenue and expenses during the periods presented. Such estimates and assumptions affect, among other things, the Company’s goodwill, long-lived asset and intangible assets; operating lease right of use assets and operating lease liabilities; assessment of the annual effective tax rate; valuation of deferred income taxes; the allowance for doubtful accounts; assessment of our lease and non-lease contract expenses; and measurement of compensation cost for bonus and other compensation plans. The Company’s assessment of conditions and events, considered in the aggregate, indicate it will be able to meet its obligations as they become due within one year after the date of these financial statements. There continues to be a high level of uncertainty in estimating the expected economic and operational impacts relative to COVID-19 as it is an evolving situation. The estimates and assumptions used in the first quarter 2020 financial statements may change in future periods as the expected impacts from COVID-19 are revised, resulting in further potential impacts to the Company’s financial statements.

Inventories

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Inventories

2. INVENTORIES

The Company’s inventories include the following at March 31, 2020 and December 31, 2019:


	March 31,			December 31,
	2020			2019
Raw Material	$	3,658,076		$	6,375,032
Packaging and Miscellaneous		5,550,391			4,887,970
Work in Process		22,945,070			20,162,723
Finished Goods		19,654,279			16,640,629
Reserve for Obsolete Inventory		(1,637,548	)		(2,031,873	)

Total Inventories	$	50,170,268		$	46,034,481

Property and Equipment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

3. PROPERTY AND EQUIPMENT

At March 31, 2020, property and equipment consisted of the following:


	Land			Buildings and Improvements			Furniture and Fixtures		Computer Equipment and Software		Leasehold Improvements		Production and Processing Equipment			Capitalized Interest		Assets Under Construction			Total
Cost
As at January 1, 2020	$	3,272,439		$	33,377,471		$	2,509,918	$	7,073,807	$	68,681,497	$	25,926,146		$	2,500,000	$	21,372,116		$	164,713,394
Transfers		—			21,800,000			674,000		—		1,852,000		(5,887,000	)		—		(18,439,000	)		—
Additions		—			38,549			356,935		68,229		934,802		382,276			242,976		18,304,708			20,328,475
Disposals		(205,000	)		(5,337,930	)		—		—		—		—			—		(6,508,636	)		(12,051,566	)

As at March 31, 2020	$	3,067,439		$	49,878,090		$	3,540,853	$	7,142,036	$	71,468,299	$	20,421,422		$	2,742,976	$	14,729,188		$	172,990,303

Accumulated Depreciation
As at January 1, 2020	$	—		$	2,236,254		$	617,016	$	1,558,180	$	2,998,287	$	1,706,982		$	—	$	—		$	9,116,719
Depreciation		—			522,976			240,421		316,061		1,507,456		1,111,192			88,899		—			3,787,005
Disposals		—			(376,677	)		—		—		—		—			—		—			(376,677	)

As at March 31, 2020	$	—		$	2,382,553		$	857,437	$	1,874,241	$	4,505,743	$	2,818,174		$	88,899	$	—		$	12,527,047

Net book value
As at January 1, 2020	$	3,272,439		$	31,141,217		$	1,892,902	$	5,515,627	$	65,683,210	$	24,219,164		$	2,500,000	$	21,372,116		$	155,596,675
As at March 31, 2020	$	3,067,439		$	47,495,537		$	2,683,416	$	5,267,795	$	66,962,556	$	17,603,248		$	2,654,077	$	14,729,188		$	160,463,256

At December 31, 2019, property and equipment consisted of the following:


	Land			Buildings and Improvements			Furniture and Fixtures		Computer Equipment and Software		Leasehold Improvements		Production and Processing Equipment			Capitalized Interest		Assets Under Construction			Total
Cost
As at January 1, 2019	$	2,243,085		$	20,861,988		$	2,328,847	$	2,093,205	$	18,435,893	$	6,579,446		$	—	$	16,664,958		$	69,207,422
Transfers		892,056			9,400,171			40,167		143,882		13,981,780		4,075,642			—		(28,533,698	)		—
Additions		3,500,974			18,817,329			34,669		4,667,127		24,020,898		14,147,722			2,500,000		33,211,782			100,900,501
Additions from acquisitions		—			—			106,235		169,593		12,242,926		3,977,534			—		29,074			16,525,362
Disposals		(3,363,676	)		(15,702,017	)		—		—		—		(2,854,198	)				—			(21,919,891	)

As at December 31, 2019	$	3,272,439		$	33,377,471		$	2,509,918	$	7,073,807	$	68,681,497	$	25,926,146		$	2,500,000	$	21,372,116		$	164,713,394

Accumulated Depreciation
As at January 1, 2019	$	—		$	1,351,230		$	489,956	$	249,423	$	1,007,998	$	784,735		$	—	$	—		$	3,883,342
Depreciation		—			1,866,400			127,060		1,308,757		1,990,289		1,535,205			—		—			6,827,711
Disposals		—			(981,376	)		—		—		—		(612,958	)		—		—			(1,594,334	)

As at December 31, 2019	$	—		$	2,236,254		$	617,016	$	1,558,180	$	2,998,287	$	1,706,982		$	—	$	—		$	9,116,719

Net book value
As at January 1, 2019	$	2,243,085		$	19,510,758		$	1,838,891	$	1,843,782	$	17,427,895	$	5,794,711		$	—	$	16,664,958		$	65,324,080
As at December 31, 2019	$	3,272,439		$	31,141,217		$	1,892,902	$	5,515,627	$	65,683,210	$	24,219,164		$	2,500,000	$	21,372,116		$	155,596,675

Assets under construction represent construction in progress related to both cultivation and dispensary facilities not yet completed or otherwise not ready for use.

Depreciation expense for the three months ended March 31, 2020 and 2019 totaled $3,787,005 and $1,051,327, respectively

of which $2,677,727 and $649,097, respectively, is included in cost of goods sold.

On January 31, 2020, the Company closed on a sale and lease back transaction to sell its Toledo, Ohio cultivation and processing facility to Innovative Industrial Properties (IIP). Under the long-term agreement, the Company has leased back the facility and continues to operate and manage it. As a result of the sale, the Company disposed of

$205,000 of land and $2,695,000 of construction in progress. There was no gain or loss on the sale.

On March 6, 2020, the Company closed on a sale and lease back transaction to sell its Oglesby, Illinois cultivation and processing facility to IIP. Under the long-term agreement, the Company has leased back the facility and continues to operate and manage it. As a result of the sale, the Company disposed of

$4,961,253 of buildings and $3,813,636 of construction in progress. The Company recognized a gain on the sale of Oglesby facility $239,096 which was recorded within other income (expense) on the condensed consolidated interim statement of operations.

For further information regarding these transactions, see Note 5 - Leases.

Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

4. INTANGIBLE ASSETS AND GOODWILL

Intangible assets are recorded at cost less accumulated amortization and impairment losses, if any. Intangible assets acquired in a business combination are measured at fair value at the acquisition date. Amortization of definite life intangibles is provided on a straight-line basis over the estimated useful life of each intangible. The estimated useful lives, residual values, and amortization methods are reviewed at each year end, and any changes in estimates are accounted for prospectively.

At March 31, 2020 intangible assets consisted of the following:


	Licenses and Permits		Trade N ames		Customer Relationships		Non- Competition Agreements		Total
Cost
As at January 1, 2020	$	336,954,213	$	97,455,590	$	25,258,000	$	2,585,480	$	462,253,283
Additions from acquisitions		—		—		—		—		—

As at March 31, 2020	$	336,954,213	$	97,455,590	$	25,258,000	$	2,585,480	$	462,253,283

Accumulated Amortization
As at January 1, 2020	$	18,477,500	$	4,121,800	$	3,932,416	$	474,669	$	27,006,385
Amortization		6,166,204		1,679,259		941,119		131,585		8,918,167

As at March 31, 2020	$	24,643,704	$	5,801,059	$	4,873,535	$	606,254	$	35,924,552

Net book value
As at January 1, 2020	$	318,476,713	$	93,333,790	$	21,325,584	$	2,110,811	$	435,246,898
As at March 31, 2020	$	312,310,509	$	91,654,531	$	20,384,465	$	1,979,226	$	426,328,731

At December 31, 2019 intangible assets consisted of the following:


	Licenses and Permits		Trade N ames		Customer Relationships		Non- Competition Agreements		Total
Cost
As at January 1, 2019	$	89,705,213	$	360,000	$	820,000	$	20,480	$	90,905,693
Additions from acquisitions		247,249,000		97,095,590		24,438,000		2,565,000		371,347,590

As at December 31, 2019	$	336,954,213	$	97,455,590	$	25,258,000	$	2,585,480	$	462,253,283

Accumulated Amortization
As at January 1, 2019	$	2,322,715	$	—	$	204,500	$	12,800	$	2,540,015
Amortization		16,154,785		4,121,800		3,727,916		461,869		24,466,370

As at December 31, 2019	$	18,477,500	$	4,121,800	$	3,932,416	$	474,669	$	27,006,385

Net book value
As at January 1, 2019	$	87,382,498	$	360,000	$	615,500	$	7,680	$	88,365,678
As at December 31, 2019	$	318,476,713	$	93,333,790	$	21,325,584	$	2,110,811	$	435,246,898

The Company recorded amortization expense for the three months ended March 31, 2020 and 2019 of $8,918,167 and $2,210,006, respectively.

The following table outlines the estimated annual amortization expense related to intangible assets as of March 31, 2020:


Year Ending December 31,	Estimated Amortization
Remain der of 2020	$	24,995,106
2021		33,151,991
2022		32,721,251
2023		32,638,437
2024		32,057,103
Thereafter		270,764,843

	$	426,328,731

Goodwill

At March 31, 2020, Goodwill consisted of the following:


	Retail			Consumer Packaged Goods			Total
As at January 1, 2020	$	119,873,759		$	255,211,232		$	375,084,991
Adjustments to Purchase Price Allocations		(115,992	)		(2,750,000	)		(2,865,992	)

As at March 31, 2020	$	119,757,767		$	252,461,232		$	372,218,999

At December 31, 2019, Goodwill consisted of the following:


	Retail		Consumer Packaged Goods			Total
As at January 1, 2019	$	15,286,360	$	23,918,000		$	39,204,360
Acquisition of Advanced Grow Labs, LLC		16,756,250		44,572,349			61,328,599
Acquisition of Integral Associates, LLC		46,655,753		69,323,570			115,979,323
Other Acquisitions		32,936,590		120,963,598			153,900,188
Adjustments to Purchase Price Allocations		8,238,808		(3,566,285	)		4,672,523

As at December 31, 2019	$	119,873,759	$	255,211,232		$	375,084,991

Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

5. LEASES

(a) Operating Leases Under Accounting Standards Update

No. 2016-02

In February 2016, the FASB issued Accounting Standards Update

No. 2016-02

“Leases (Topic 842)” (“ASU

2016-02”),

which requires lessees to put most leases on the balance sheet but recognize expense on the income statement in a manner similar to current accounting. On January 1, 2019, the Company adopted the standard and all related amendments, using the optional transition method (modified retrospective approach) applied to leases at the adoption date. Under the modified retrospective approach, comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Additionally, an adjustment was recorded to retrained earnings to account for the initial adoption of the standard.

For additional information regarding the adoption of Account Standards Updated

No. 2016-02,

“Leases (Topic 842)” see Note 9 – Leases in the 2019 Form

10-K

Other information related to operating leases as of and for the three months ending March 31, 2020 were as follows:


	As of March 31, 2020
Weighted average remaining lease term		12.56 Years
Weighted average discount rate		12.9	%

Maturities of lease liabilities for operating leases as of March 31, 2020 were as follows:


	Maturities of Lease Liability
Year Ending December 31,	Third Party			Related Party			Total
Rem a inde r of 2020	$	12,039,451		$	1,048,267		$	13,087,718
2021		20,432,259			1,424,852			21,857,111
2022		20,053,541			1,458,246			21,511,787
2023		20,030,831			1,492,437			21,523,268
2024		18,980,307			1,384,035			20,364,342
2025 and Thereafter		179,064,584			11,524,619			190,589,203

Total Lease Payments		270,600,973			18,332,456			288,933,429

Less: Interest		(180,217,232	)		(9,209,930	)		(189,427,162	)

Present Value of Lease Liability	$	90,383,741		$	9,122,526		$	99,506,267

For the three months ended March 31, 2020 and 2019, the Company recorded $4,257,515 and $905,056, respectively in

perating lease expense.

(b) Related Party Operating Leases

During 2019,

Green Thumb

entered into three related party transactions with respect to its leasing arrangements for three

Green Thumb

facilities in Florida, Illinois and Nevada.

With respect to leasing arrangements in Florida and Illinois, Wendy Berger, a director of the Company, is a principal of WBS Equities, LLC, which is the Manager of Mosaic Real Estate, LLC. Additionally, Mosaic Real Estate, LLC is owned in part by Ms. Berger (through the Wendy Berger 1998 Revocable Trust), Benjamin Kovler, the Chief Executive Officer and a director of the Company (through KP Capital, LLC), and Mr. Georgiadis, the Chief Financial Officer and a director of the Company (through Three One Four Holdings, LLC). The terms of these leases range from 7 years to 15 years. For the three months ended March 31, 2020 and 2019, the Company recorded lease expense of $222,339 and $21,754, respectively, associated with these lease arrangements.

In addition to the leases entered into in 2019, the Company had

pre-existing

operating leases with the same related parties for three dispensaries located in Maryland, Nevada and Massachusetts. These leases commenced in 2017 and have terms of 7 to 15 years. For the three months ended March 31, 2020 and 2019, lease expense associated with these leases was $190,462 and $138,128, respectively.

In connection with the Company’s acquisition of Integral Associates, LLC, the Company, through a subsidiary, leases property from Durango Teco Partners, LLC, in Nevada for an Essence retail store. The lease has a ten year term. Durango Teco Partners, LLC is owned in part by Armeco capital LLC, which is in turn owned in part by Alejandro Yemenidjian, a former owner of Integral Associates, LLC and a current director of the Company.

For the three months ended March 31, 2020, the Company recorded lease expense of $30,980 associated with this lease.

On January 31, 2020, the Company closed on a sale and lease back transaction to sell its Toledo, Ohio cultivation and processing facility to IIP. Under a long-term agreement, the Company

has

lease

back the facility and continue

to operate and manage it. The purchase price for the property was $2,900,000, excluding transaction costs. The Company is also expected to make certain improvements to the property that will significantly enhance production capacity, for which IIP has agreed to provide reimbursement of up to $4,300,000. Assuming full reimbursement for such improvements, IIP’s total investment in the property will be $7,200,000. The lease was recorded as an operating lease and resulted in a right of use asset

and

lease liability of $3,583,263 and was recorded net of the improvements allowance of $4,300,000.

On March 6, 2020, the Company closed on a sale and lease back transaction to sell its Oglesby, Illinois cultivation and processing facility to IIP. Under a long-term agreement, the Company

has

lease

back the facility and continue

to operate and manage it. The purchase price for the property was $9,000,000, excluding transaction costs. The Company is also expected to make certain improvements to the property that will significantly enhance production capacity, for which IIP has agreed to provide reimbursement of up to $41,000,000. Assuming full reimbursement for such improvements, IIP’s total investment in the property will be $50,000,000. The lease was recorded as an operating lease and resulted in a right of use asset and related lease liability of $26,828,221 and was recorded net of the improvements allowance of $41,000,000.

Notes Payable

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Notes Payable

6. NOTES PAYABLE

At March 31, 2020 and December 31, 2019, notes payable consisted of the following:


	March 31, 2020			December 31, 2019
In connection with an acquisition completed in 2017, the Company is required to make quarterly charitable contributions of $50,000 through October 2024. The net present value of these required payments has been recorded as a liability with an interest rate of 2.17%	$	911,723		$	970,957
Private placement debt dated May 22, 2019, in the original amount of $105,466,429, which matures on May 22, 2022. The debt was issued at a discount, the carrying value of which is $13,505,195 a t March 31, 2020 and $15,090,517 at December 31, 2019, and bears interest of 12.00% per annum.		91,1961,234			90,375,912

Total notes payable		92,872,957			91,346,869
Less: current portion of notes payable		(182,926	)		(206,675	)

Notes payable, net of current portion	$	92,690,031		$	91,140,194

For the three months ended March 31

, 2020

, the Company recognized $3,146,703 in interest expense associated with the

private placement debt

(before capitalized interest)

and $1,585,322 in accretion expense.

For the three months ended March 31

, 2019

, an immaterial amount of interest expense was recognized in association with the Company’s charitable contribution obligation. No accretion expense was recorded for the three months ended March 31

, 2019

Warrant Liability

3 Months Ended

Mar. 31, 2020

Warrants and Rights Note Disclosure [Abstract]

Warrant Liability

7. WARRANT LIABILITY

As part of the April 12, 2019 bridge loan financing, the May 22, 2019 private placement financing and the November 9, 2019 modification, the Company issued warrants to related parties as well as

unrelated

third-party lenders. The related parties consisted of Benjamin Kovler, the Chief Executive Officer and a director of the Corporation (through KP Capital, LLC); Andrew Grossman, the Executive Vice President of Capital

Markets (through AG Funding Group, LLC)

;

and Anthony

Georgiadis

, the Chief Financial Officer and a director of the Corporation (through Three One Four Holdings, LLC and ABG, LLC).

The following table summarizes the number warrants issued to related parties and third parties as of December

, 2019 and March 31, 2020:


	Third Party Number of Shares		Related Party Number of Shares		Weighted Average Exercise Price (CAD)		Weighted Average Contractual Life
Balance as at December 31, 2019		2,387,470		19,341		18.59		4.86
Granted		—		—		—

Balance as at March 31, 2020		2,387,470		19,341		18.59		4.86

The warrants allow the holders to purchase Subordinate Voting Shares at an exercise price determined at the time of issuance. The exercise price of the warrants is denominated in Canadian dollars whereas the Company’s functional currency is U

ollars

. As such, the Company is required to measure the warrant liability at fair value using a Monte Carlo simulation model. The following table summarizes the fair value of the warrant liability at March 31, 2020 and December 31, 2019:


Warrant Liability	Strike Price C$		Warrants Issued		March 31, 2020		December 31, 2019
Bridge Financing Warrants	C$	22.90		218,964	$	454,000	$	1,385,400
Private Placement Financing Warrants	C$	19.39		1,822,771		6,526,000		12,189,169
Modification Warrants	C$	12.04		365,076		1,517,000		2,305,274

Totals				2,406,811	$	8,497,000	$	15,879,843

During the three months ended March 31, 2020, the Company recorded a gain on the reduction in the fair value of the warrant liability of $7,382,843 within

ther

ncome (

xpense) on the consolidated statement of operations.

The following table summarizes the significant assumptions used in determining the fair value of the warrant liability as of each reporting date:


Significant Assumptions	March 31, 2020			December 31, 2019
Volatility		100.77% - 114.74	%		117.43% - 123.64	%
Remaining Term		2.53 – 4.61 years			2.78 - 4.86 years
Risk Free Rate		0.50% - 0.60	%		1.68% - 1.69	%

Income Taxes

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

8. INCOME TAXES

The following table summarizes the Company’s income tax expense and effective tax rates for the three months ended March 31, 2020 and March 31, 2019:


	Three Months Ended March 31,
	2020			2019
Income before Income Taxes	$	9,385,440		$	(8,468,055	)
Income Tax Expense		13,149,000			1,236,000
Effective Tax Rate		140.1	%		(14.6	% )

The effective tax rates for the three months ended March 31, 2020 and March 31, 2019 were based on the Company’s forecasted annualized effective tax rates and were adjusted for discrete items that occurred within the periods presented.

Due to its cannabis operations, the Company is subject to the limitations of Internal Revenue Code (“IRC”) Section 280E under which the Company is only allowed to deduct expenses directly related to sales of product. This results in permanent differences between ordinary and necessary business expenses deemed

non-allowable

under IRC Section 280E.

The effective tax rate for the three months ended March 31, 2020 varies widely from the three months ended March 31, 2019 primarily due to the Company reporting

pre-tax

loss in 2019 as opposed to

pre-tax

income in 2020. The large amount of nondeductible expenses incurred by the Company subject to IRC Section 280E, was the driver for income tax expense being incurred in a

pre-tax

loss quarter for 2019.

The

ompany is subject to income taxes in the United States and Canada. Significant judgment is required in evaluating the Company’s uncertain tax positions and determining the provision for income taxes. The

ompany’s gross unrecognized tax benefits were $4.3 million and $0.8 million as of March 31, 2020 and March 31, 2019, respectively.

The federal statute of limitation remains open for the 2017 tax year to the present. The state income tax returns generally remain open for the 2016 tax year through the present. Net operating loss arising prior to these years are also open to examination if and when utilized.

Investments

3 Months Ended

Mar. 31, 2020

Investments [Abstract]

Investments

9. INVESTMENTS

The Company holds investments in convertible notes which mature in August 2020

carry simple interest

6.00

per annum and convert into a predetermined number of common shares. At March 31, 2020 and December 31, 2019, the fair value of these investments

was

$7,533,000

at the end of each period. The Company also holds direct equity investments in cannabis companies. At March 31, 2020 and December 31, 2019, the fair value of these investments was $6,320,213 and $6,535,821, respectively.

The following table summarizes the change in the Company’s investments as of March 31, 2020:


	Convertible Notes Receivable		Equity			Total
Balance at December 31, 2019	$	7,533,000	$	6,535,821		$	14,068,821
Fair value adjustment		—		(215,607	)		(215,607	)

Balance at March 31, 2020	$	7,533,000	$	6,320,213		$	13,853,214

The following table summarizes the change in the Company’s investments as of December 31, 2019:


	Convertible Notes Receivable			Equity			Total
Balance at December 31, 2018	$	30,336,000		$	10,597,283		$	40,933,283
Fair value adjustment		(1,398,000	)		(4,061,462	)		(5,459,462	)
Applied to consideration in business combination		(21,405,000	)		—			(21,405,000	)

Balance at December 31, 2019	$	7,533,000		$	6,535,821		$	14,068,821

The calculated fair values are recorded as a Level 3 fair value investment as of March 31, 2020 and December 31, 2019 (see Note 13 Financial Instrument and Financial Risk Management for additional details). The convertible notes receivable were valued using the Binomial Lattice Model, which is based on a generalized binomial option pricing formula, using the following assumptions:


	Three Months Ended March 31, 2020	Year Ended December 31, 2019
Risk free rate	1.58% - 2.46%	1.58% - 2.46%
Equity Volatility	58% - 106%	58% - 106%
Market Yield	15% - 18%	15% - 18%
Probability of Qualified Financing	0%	0%
Probability of Sale	30%	30%
Probability of No Event	70%	70%

Share Capital

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Share Capital

10. SHARE CAPITAL

Common shares are classified as equity. Incremental costs directly attributable to the issuance of shares are recognized as a deduction from equity. The proceeds from the exercise of stock options or warrants together with amounts previously recorded in reserves over the vesting periods are recorded as share capital. Income tax relating to transaction costs of an equity transaction is accounted for in accordance with Accounting Standards Codification (ASC) 740, Income Taxes.

(a)

Authorized

The Company has the following classes of

hare

apital, with each class having no par value:

(i)

Subordinate Voting Shares

The holders of the Subordinate Voting

hares are entitled to receive dividends which may be declared from time to time, and are entitled to one vote per share at shareholder meetings of the Company. All Subordinate Voting

hares are ranked equally with regard to the Company’s residual assets. The Company is authorized to issue an unlimited number of no par value Subordinate Voting

hares. During the three months ending March 31, 2020, the shareholders of the

Company

converted 134,846 Multiple Voting Shares into 13,484,600

Subordinate Voting Shares and 11,475 Super Voting Shares into 1,147,500 Subordinate Voting Shares.

(ii)

Multiple Voting Shares

Each Multiple Voting Share is entitled to one hundred votes per share at shareholder meetings of the Company and is exchangeable for 100 Subordinate Voting Shares. At March 31, 2020, the Company has 238,504 issued and outstanding

ultiple

oting

hares, which convert into 23,850,400

ubordinate

oting

hares. The Company is authorized to issue an unlimited number of Multiple Voting

hares. During the three months ending March 31, 2020, the shareholders of the Co

mpany

converted 11,475 Super Voting Shares into 11,475 Multiple Voting Shares.

(iii)

Super Voting Shares

Each Super Voting Share is entitled to one thousand votes per share at shareholder meetings of the Company and is exchangeable for 100 Subordinate Voting Shares. At March 31, 2020, the Company has 390,814 issued and outstanding Super Voting

hares which convert into 39,081,400

ubordinate

oting

hares. The Company is authorized to issue an unlimited number of

uper

oting

hares. During the three months ending March 31, 2020, the shareholders of the Co

mpany

converted 11,475 Super Voting Shares into 11,475 Multiple Voting Shares.

(b)

Issued and Outstanding

A reconciliation of the beginning and ending amounts of the issued and outstanding shares by class is as follows:


	Issued and Outstanding
	Subordinate Voting Shares		Multiple Voting Shares			Super Voting Shares
As at December 31, 2019		128,999,964		373,350			402,289
Issuance of shares under business combinations and investments		1,115,618		—			—
Issuances of shares upon vesting of RSUs		63,890		—			—
Exchange of shares		14,632,100		(134,846	)		(11,475	)

As at March 31, 2020		144,811,572		238,504			390,814

The Company operates equity settled stock-based remuneration plans for its eligible directors, officers, employees and consultants. All goods and services received in exchange for the grant of any stock-based payments are measured at their fair value unless the fair value cannot be estimated reliably. If the Company cannot estimate reliably the fair value of the goods and services received, the Company shall measure their value indirectly by reference to the fair value of the equity instruments granted. For transactions with employees and others providing similar services, the Company measures the fair value of the services by reference to the fair value of the equity instruments granted.

Equity settled stock-based payments under stock-based payments plans are ultimately recognized as an expense in profit or loss with a corresponding credit to reserve for stock-based payments, in equity.

The Company recognizes compensation expense for Restricted Stock Units (“RSUs”) and options on a straight-line basis over the requisite service period of the award.

Non-market

vesting conditions are included in the assumptions about the number of options that are expected to become exercisable. Estimates are subsequently revised if there is any indication that the number of share options expected to vest differs from the previous estimate. Any cumulative adjustment prior to vesting is recognized in the current period. No adjustment is made to any expense recognized in prior period

if share options ultimately exercised are different to that estimated on vesting.

In June 2018, the Company established the Green Thumb Industries Inc. 2018 Stock and Incentive Plan, which was amended by Amendment No. 1 thereto (as amended, the “Plan”).

The maximum number of shares issued under the Plan shall not exceed 10% of the issued and outstanding shares.

Option and RSU grants generally vest over one to three years, and

ptions typically have a life of

five or

ten years. Option grants are determined by the Compensation Committee of the Board with the option price set at no less than 100% of the fair market value of a share on the date of grant. Stock option activity is summarized as follows:


	Number of Shares			Weighted Average Exercise Price (C $ )		Weighted Average Contractual Life		Aggregate Intrinsic Value
Balance as at December 31, 2019		3,839,017			13.21		5.81	$	218,234
Granted		2,391,028			9.58		5.00
Exercised		—			—		—
Forfeited		(255,104	)		14.89		5.01


Balance as at March 31, 2020		5,974,938			11.69		5.52
Vested		740,545			14.21		6.94
Exercisable at March 31, 2020		—			—		—	$	—

The aggregate intrinsic value in the table above represents the total

pre-tax

intrinsic value (the difference between the Company’s closing stock price on March 31, 2020 and December 31, 2019, respectively, and the exercise price, multiplied by the number of

in-the-money

options) that would have been received by the option holders had all option holders exercised their

in-the-money

options on March 31, 2020 and December 31, 2019. This amount will change in future periods based on the fair market value of the Company’s stock and the number of options outstanding. There were no options exercised for the three months ending March 31, 2020 and the year ended December 31, 2019.

The Company used the Black-Scholes option pricing model to estimate the fair value of the options at the grant date using the following ranges of assumptions:


Risk-free interest rate			0.75% - 2.33%
Expected dividend yield			0%
Expected volatility			80% - 100%
Expected option life			3 – 10 years

As the Company became publicly traded in June 2018, sufficient historical trading information was not available to determine an expected volatility rate. The volatility rate was based on comparable companies within the same industry. As permitted under ASC 718, the Company has made an accounting policy choice to account for forfeitures when they occur.

The following table summarizes the number of non

vested RSU awards as of March 31, 2020 and December 31, 2019 and the changes during the year ended December 31, 2019:


	Number of Shares			Weighted Average Grant Date Fair Value (C $ )
Non - vested RSUs at December 31, 2019		1,399,762			9.30
Granted		168,526			10.86
Forfeited		(26,500	)		15.64
Vested		(63,890	)		16.89
Non - vested RSUs at March 31, 2020		1,477,898			9.53

The stock-based compensation expense for the three months ended March 31, 2020 and 2019 was as

follows


	For the Three Months Ended March 31,
	2020		2019
Stock Options Expense	$	2,691,157	$	4,258,467
RS U s		2,382,585		1,586,333

Total Stock-Based Compensation Expense	$	5,073,742	$	5,844,800

As of March 31, 2020, $33,957,180 of total unrecognized expense related to Stock Based Compensation awards is expected to be recognized over a weighted-average period of 2.29 years.

(d)

Contingent Consideration

During the three months ended March 31, 2020, the Company issued 1,067,168 Subordinate Voting Shares to the previous owners of certain entities in connection with acquisitions completed during 2019. Upon issuance, the Company recorded a reduction of $8,967,257 to contingent consideration payable and a corresponding increase in share capital.

Other Income (Expense)

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Other Income (Expense)

11. OTHER INCOME (EXPENSE)

For the three months ended March 31, 2020 and 2019 other income (expense) was comprised of the following:


	For the Three Months Ended March 31,
	2020			2019
Fair value adjustments on equity investments	$	(215,607	)	$	602,964
Fair value adjustments on variable note receivable		(810,337	)		4,109,794
Fair value adjustment on put and call options		—			409,847
Fair value adjustments on warrant liability		7,382,843			—
Fair value adjustments on contingent consideration		170,989			—
Other		258,222			134,048

Total Other Income (Expense)	$	6, 786,110		$	5,256,65 3

Commitments and Contingencies

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

12. COMMITMENTS AND CONTINGENCIES

The Company is subject to lawsuits, investigations and other claims related to employment, commercial and other matters that arise out of operations in the normal course of business. Periodically, the Company reviews the status of each significant matter and assesses the potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable, and the amount can be reliably estimated, such amount is recognized in other liabilities.

Contingent liabilities are measured at management’s best estimate of the expenditure required to settle the obligation at the end of the reporting period and are discounted to present value where the effect is material. The Company performs evaluations to identify onerous contracts and, where applicable, records contingent liabilities for such contracts.

Contingent consideration is measured upon acquisition and is estimated using probability weighting of potential payouts. Subsequent changes in the estimated contingent consideration from the final purchase price allocation are recognized in the Company’s consolidated statement of operations.

(a)

Contingencies

The Company’s operations are subject to a variety of local and state regulation. Failure to comply with one or more of those regulations could result in fines, restrictions on its operations, or losses of permits that could result in the Company ceasing operations in that specific state or local jurisdiction. While management believes that the Company is in compliance with applicable local and state regulations at March 31, 2020 and December 31, 2019, cannabis regulations continue to evolve and are subject to differing interpretations. As a result, the Company may be subject to regulatory fines, penalties, or restrictions in the future.

(b)

Claims and Litigation

From time to time, the Company may be involved in litigation relating to claims arising out of operations in the normal course of business. At March 31, 2020 and December 31, 2019, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of the Company’s consolidated operations. There are also no proceedings in which any of the Company’s directors, officers or affiliates is an adverse party or has a material interest adverse to the Company’s interest.

(c)

Construction Commitments

As of March 31, 2020, the Company held $5,131,995 of open commitments to contractors on work being performed.

Financial Instruments and Financial Risk Management

3 Months Ended

Mar. 31, 2020

Disclosure Text Block Supplement [Abstract]

Financial Instruments and Financial Risk Management

13. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT

The Company applies fair value accounting for all financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities that are required to be recorded at fair value, the Company considers all related factors of the asset by market participants in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions, and credit risk.

The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels, and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

Level

1 – Unadjusted quoted prices in active markets for identical assets or liabilities;

Level

2 – Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; and

Level

3 – Inputs for the asset or liability that are not based on observable market data.

Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, member contribution receivable, notes receivable, due from related parties, investments, accounts payable and accrued liabilities, notes payable, derivative liability, liability for acquisition of noncontrolling interest and contingent consideration payable.

Financial instruments recorded at fair value are classified using a fair value hierarchy that reflects the significance of the inputs to fair value measurements. The fair values of the Company’s financial instruments associated with each of the three levels of the hierarchy are:


	As of March 31, 2020
	Level 1		Level 2		Level 3			Total
Cash and Cash Equivalents	$	71,521,954	$	—	$	—		$	71,521,954
Notes Receivable		—		—		5,600			5,600
Investments		—		—		13,853,214			13,853,214
Liability of Redemption of Noncontrolling Interest		—		—		(5,500,000	)		(5,500,000	)
Warrant Liability		—		—		(8,497,000	)		(8,497,000	)
Contingent Consideration Payable		—		—		(50,344,502	)		(50,344,502	)

	$	71,521,954	$	—	$	(50,482,688	)	$	21,039,266


	As of December 31, 2019
	Level 1		Level 2		Level 3			Total
Cash and Cash Equivalents	$	46,667,334	$	—	$	—		$	46,667,334
Notes Receivable		—		—		815,937			815,937
Investments		—		—		14,068,821			14,068,821
Liability of Redemption of Noncontrolling Interest		—		—		(5,500,000	)		(5,500,000	)
Warrant Liability		—		—		(15,879,843	)		(15,879,843	)
Contingent Consideration Payable		—		—		(58,936,739	)		(58,936,739	)

	$	46,667,334	$	—	$	(65,431,824	)	$	(18,764,490	)

There have been no transfers between fair value levels during the periods ended March 31, 2020 and December 31, 2019.

Financial Risk Management

The Company is exposed in varying degrees to a variety of financial instrument related risks. The Company’s Board of Directors mitigates these risks by assessing, monitoring and approving the Company’s risk management processes:

(a)

Credit Risk

Credit risk is the risk of a potential loss to the Company if a customer or third party to a financial instrument fails to meet its contractual obligations. The maximum credit exposure at March 31, 2020 and December 31, 2019 is the carrying amount of cash and cash equivalents. The Company does not have significant credit risk with respect to its customers. All cash and cash equivalents are placed with major U.S. financial institutions.

The Company provides credit to its customers in the normal course of business and has established credit evaluation and monitoring processes to mitigate credit risk but has limited risk as the majority of its sales are transacted with cash. As of March 31, 2020, the Company had approximately $794,000 of

accounts receivable that were past due (greater than 90 days). Given management’s expectation that any credit losses will be nominal, no provision is provided.

(b)

Liquidity Risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations associated with financial liabilities. The Company manages liquidity risk through the effective management of its capital structure. The Company’s approach to managing liquidity is to ensure that it will have sufficient liquidity at all times to settle obligations and liabilities when due.

In addition to the commitments outlined in Note 12, the Company has the following contractual obligations:


	<1 Year		1 to 3 Years		3 to 5 Years		>5 Years		Total
Accounts Payable and Accrued Liabilities	$	60,432,653	$	—	$	—	$	—	$	60,432,653
Notes Payable		182,926		92,339,180		350,851		—		92,872,957
Construction Commitments		5,131,995		—		—		—		5,131,995
Contingent Consideration Payable		41,581,975		8,762,527		—		—		50,344,502
Operating Leases - Third Party		12,039,451		40,485,800		39,011,138		179,064,584		270,600,973
Operating Leases - Related Party		1,048,267		2,883,098		2,876,472		11,524,619		18,332,456

(c)

Market

and Interest Rate

Risk

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Cash and cash equivalents bear interest at market rates. The Company’s financial debts have fixed rates of interest and therefore expose the Company to a limited interest rate fair value risk.

Variable Interest Entities

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entities

14. VARIABLE INTEREST ENTITIES

The following table represents the summarized financial information about the Company’s consolidated variable interest entities (VIEs) which are included in the consolidated balance sheets and statements of operation as of March 31, 2020 and December 31, 2019. All these entities were determined to be VIEs as the Company possesses the power to direct activities through management services agreements (MSAs).


	March 31, 2020							December 31, 2019
	Chesapeake Alternatives, LLC		Illinois Disp, LLC		Other Non- material VIEs			Chesapeake Alternatives, LLC		Illinois Disp, LLC		Other Non- material VIEs
Current assets	$	22,278,800	$	2,343,228	$	1,710,495		$	19,455,533	$	1,381,716	$	1,352,935
Non-current assets		2,873,410		3,543,890		2,494,212			22,384,663		3,083,659		2,534,297
Current liabilities		16,105,824		884,356		1,146,023			14,219,204		149,498		783,682
Non-current liabilities		1,129,327		596,387		838,422			1,169,989		137,736		855,440
Noncontrolling interests		132,732		2,203,187		(109,709	)		350,206		2,089,071		(22,488	)
Equity attributable to Green Thumb Industries Inc.		7,784,327		2,203,187		2,329,971			6,645,263		2,089,070		2,270,598
Revenues		4,308,630		2,781,616		1,712,651			16,056,521		5,857,946		3,516,164
Net income (loss) attributable to noncontrolling interests		41,409		364,116		37,179			—		699,624		(112,245	)
Net income (loss) attributable to Green Thumb Industries Inc.		1,139,063		364,117		59,373			1,807,229		699,625		(79,402	)

Net income (loss)	$	1,180,472	$	728,233	$	96,552		$	1,807,229	$	1,399,249	$	(191,647	)

As of March 31, 2020 and December 31, 2019 , VIEs included in the Other

Non-material

VIEs are Bluepoint Wellness of Westport LLC and Meshow, LLC.

During 2019, the Company acquired noncontrolling interests for Ohio Investors 2017, LLC; KW Ventures Holdings, LLC (Firefly); and GTI New Jersey, LLC. There have been no changes in ownership of any of the Companies VIEs since December 31, 2019.

Segment Reporting

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Reporting

15. SEGMENT REPORTING

The Company operates in two segments: the cultivation, production and sale of cannabis products to retail stores (“Consumer Packaged Goods”), and retailing of cannabis to patients and consumers (“Retail”). The Company does not allocate operating expenses to these business units, nor does it allocate specific assets. Additionally, the Chief Operating Decision Maker does not review total assets

or net income (loss) by

segments; therefore, such information is not presented below.

The below table presents revenues by type for the three months ended March 31, 2020 and 2019:


	Three Months Ended March 31,
	2020			2019
Revenues, Net of Discounts
Consumer Packaged Goods	$	46,322,028		$	13,494,740
Retail		75,961,450			16,117,365
Intersegment Eliminations		(19,680,876	)		(1,698,942	)

Total Revenues, net of discounts	$	102,602,602		$	27,913,163

Depreciation and Amortization
Consumer Packaged Goods	$	10,508,491		$	2,997,866
Retail		797,278			390,735
Intersegment Eliminations		1,399,403			80,958

Total Depreciation and Amortization	$	12,705,172		$	3,469,560

Income Taxes
Consumer Packaged Goods	$	4,227,000		$	228,000
Retail		8,922,000			1,480,000
Intersegment Eliminations		—			(472,000	)

Total Income Taxes	$	13,149,000		$	1,236,000

Goodwill assigned to the Consumer Packaged Goods segment as of March 31, 2020 and December 31, 2019 was $252,461,232 and $255,211,232, respectively. Intangible assets, net assigned to the Consumer Packaged Goods segment as of March 31, 2020 and December 31, 2019 was $223,605,116 and $228,795,692, respectively.

Goodwill assigned to the Retail segment as of March 31, 2020 and December 31, 2019 was $119,757,767 and $119,873,759, respectively. Intangible assets, net assigned to the Retail segment as of March 31, 2020 and December 31, 2019 was $202,723,615 and $207,002,644, respectively.

The Company’s assets are aggregated into two reportable segments (Retail and Consumer Packaged Goods). For the purposes of testing goodwill,

Green Thumb

has identified 22 reporting units. The Company analyzed its reporting units by first reviewing the operating segments based on the geographic areas in which

Green Thumb

conducts business (or each market). The markets were then further divided into reporting units based on the market operations (Retail and Consumer Packaged Goods) which were primarily determined based on the licenses each market holds. All revenues are derived from customers domiciled in the United States and all assets are located in the United States.

Inventories (Tables)

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Summary of inventory

The Company’s inventories include the following at March 31, 2020 and December 31, 2019:


	March 31,			December 31,
	2020			2019
Raw Material	$	3,658,076		$	6,375,032
Packaging and Miscellaneous		5,550,391			4,887,970
Work in Process		22,945,070			20,162,723
Finished Goods		19,654,279			16,640,629
Reserve for Obsolete Inventory		(1,637,548	)		(2,031,873	)

Total Inventories	$	50,170,268		$	46,034,481

Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

At March 31, 2020, property and equipment consisted of the following:


	Land			Buildings and Improvements			Furniture and Fixtures		Computer Equipment and Software		Leasehold Improvements		Production and Processing Equipment			Capitalized Interest		Assets Under Construction			Total
Cost
As at January 1, 2020	$	3,272,439		$	33,377,471		$	2,509,918	$	7,073,807	$	68,681,497	$	25,926,146		$	2,500,000	$	21,372,116		$	164,713,394
Transfers		—			21,800,000			674,000		—		1,852,000		(5,887,000	)		—		(18,439,000	)		—
Additions		—			38,549			356,935		68,229		934,802		382,276			242,976		18,304,708			20,328,475
Disposals		(205,000	)		(5,337,930	)		—		—		—		—			—		(6,508,636	)		(12,051,566	)

As at March 31, 2020	$	3,067,439		$	49,878,090		$	3,540,853	$	7,142,036	$	71,468,299	$	20,421,422		$	2,742,976	$	14,729,188		$	172,990,303

Accumulated Depreciation
As at January 1, 2020	$	—		$	2,236,254		$	617,016	$	1,558,180	$	2,998,287	$	1,706,982		$	—	$	—		$	9,116,719
Depreciation		—			522,976			240,421		316,061		1,507,456		1,111,192			88,899		—			3,787,005
Disposals		—			(376,677	)		—		—		—		—			—		—			(376,677	)

As at March 31, 2020	$	—		$	2,382,553		$	857,437	$	1,874,241	$	4,505,743	$	2,818,174		$	88,899	$	—		$	12,527,047

Net book value
As at January 1, 2020	$	3,272,439		$	31,141,217		$	1,892,902	$	5,515,627	$	65,683,210	$	24,219,164		$	2,500,000	$	21,372,116		$	155,596,675
As at March 31, 2020	$	3,067,439		$	47,495,537		$	2,683,416	$	5,267,795	$	66,962,556	$	17,603,248		$	2,654,077	$	14,729,188		$	160,463,256

At December 31, 2019, property and equipment consisted of the following:


	Land			Buildings and Improvements			Furniture and Fixtures		Computer Equipment and Software		Leasehold Improvements		Production and Processing Equipment			Capitalized Interest		Assets Under Construction			Total
Cost
As at January 1, 2019	$	2,243,085		$	20,861,988		$	2,328,847	$	2,093,205	$	18,435,893	$	6,579,446		$	—	$	16,664,958		$	69,207,422
Transfers		892,056			9,400,171			40,167		143,882		13,981,780		4,075,642			—		(28,533,698	)		—
Additions		3,500,974			18,817,329			34,669		4,667,127		24,020,898		14,147,722			2,500,000		33,211,782			100,900,501
Additions from acquisitions		—			—			106,235		169,593		12,242,926		3,977,534			—		29,074			16,525,362
Disposals		(3,363,676	)		(15,702,017	)		—		—		—		(2,854,198	)				—			(21,919,891	)

As at December 31, 2019	$	3,272,439		$	33,377,471		$	2,509,918	$	7,073,807	$	68,681,497	$	25,926,146		$	2,500,000	$	21,372,116		$	164,713,394

Accumulated Depreciation
As at January 1, 2019	$	—		$	1,351,230		$	489,956	$	249,423	$	1,007,998	$	784,735		$	—	$	—		$	3,883,342
Depreciation		—			1,866,400			127,060		1,308,757		1,990,289		1,535,205			—		—			6,827,711
Disposals		—			(981,376	)		—		—		—		(612,958	)		—		—			(1,594,334	)

As at December 31, 2019	$	—		$	2,236,254		$	617,016	$	1,558,180	$	2,998,287	$	1,706,982		$	—	$	—		$	9,116,719

Net book value
As at January 1, 2019	$	2,243,085		$	19,510,758		$	1,838,891	$	1,843,782	$	17,427,895	$	5,794,711		$	—	$	16,664,958		$	65,324,080
As at December 31, 2019	$	3,272,439		$	31,141,217		$	1,892,902	$	5,515,627	$	65,683,210	$	24,219,164		$	2,500,000	$	21,372,116		$	155,596,675

Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of intangible assets

At March 31, 2020 intangible assets consisted of the following:


	Licenses and Permits		Trade N ames		Customer Relationships		Non- Competition Agreements		Total
Cost
As at January 1, 2020	$	336,954,213	$	97,455,590	$	25,258,000	$	2,585,480	$	462,253,283
Additions from acquisitions		—		—		—		—		—

As at March 31, 2020	$	336,954,213	$	97,455,590	$	25,258,000	$	2,585,480	$	462,253,283

Accumulated Amortization
As at January 1, 2020	$	18,477,500	$	4,121,800	$	3,932,416	$	474,669	$	27,006,385
Amortization		6,166,204		1,679,259		941,119		131,585		8,918,167

As at March 31, 2020	$	24,643,704	$	5,801,059	$	4,873,535	$	606,254	$	35,924,552

Net book value
As at January 1, 2020	$	318,476,713	$	93,333,790	$	21,325,584	$	2,110,811	$	435,246,898
As at March 31, 2020	$	312,310,509	$	91,654,531	$	20,384,465	$	1,979,226	$	426,328,731

At December 31, 2019 intangible assets consisted of the following:


	Licenses and Permits		Trade N ames		Customer Relationships		Non- Competition Agreements		Total
Cost
As at January 1, 2019	$	89,705,213	$	360,000	$	820,000	$	20,480	$	90,905,693
Additions from acquisitions		247,249,000		97,095,590		24,438,000		2,565,000		371,347,590

As at December 31, 2019	$	336,954,213	$	97,455,590	$	25,258,000	$	2,585,480	$	462,253,283

Accumulated Amortization
As at January 1, 2019	$	2,322,715	$	—	$	204,500	$	12,800	$	2,540,015
Amortization		16,154,785		4,121,800		3,727,916		461,869		24,466,370

As at December 31, 2019	$	18,477,500	$	4,121,800	$	3,932,416	$	474,669	$	27,006,385

Net book value
As at January 1, 2019	$	87,382,498	$	360,000	$	615,500	$	7,680	$	88,365,678
As at December 31, 2019	$	318,476,713	$	93,333,790	$	21,325,584	$	2,110,811	$	435,246,898

Summary of estimated annual amortization expense related to intangible assets

The following table outlines the estimated annual amortization expense related to intangible assets as of March 31, 2020:


Year Ending December 31,	Estimated Amortization
Remain der of 2020	$	24,995,106
2021		33,151,991
2022		32,721,251
2023		32,638,437
2024		32,057,103
Thereafter		270,764,843

	$	426,328,731

Summary of Good will And Intangible Assets Disclosure

At March 31, 2020, Goodwill consisted of the following:


	Retail			Consumer Packaged Goods			Total
As at January 1, 2020	$	119,873,759		$	255,211,232		$	375,084,991
Adjustments to Purchase Price Allocations		(115,992	)		(2,750,000	)		(2,865,992	)

As at March 31, 2020	$	119,757,767		$	252,461,232		$	372,218,999

At December 31, 2019, Goodwill consisted of the following:


	Retail		Consumer Packaged Goods			Total
As at January 1, 2019	$	15,286,360	$	23,918,000		$	39,204,360
Acquisition of Advanced Grow Labs, LLC		16,756,250		44,572,349			61,328,599
Acquisition of Integral Associates, LLC		46,655,753		69,323,570			115,979,323
Other Acquisitions		32,936,590		120,963,598			153,900,188
Adjustments to Purchase Price Allocations		8,238,808		(3,566,285	)		4,672,523

As at December 31, 2019	$	119,873,759	$	255,211,232		$	375,084,991

Leases (Table)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule Of Other Information Related To Operating Leases

Other information related to operating leases as of and for the three months ending March 31, 2020 were as follows:


	As of March 31, 2020
Weighted average remaining lease term		12.56 Years
Weighted average discount rate		12.9	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Maturities of lease liabilities for operating leases as of March 31, 2020 were as follows:


	Maturities of Lease Liability
Year Ending December 31,	Third Party			Related Party			Total
Rem a inde r of 2020	$	12,039,451		$	1,048,267		$	13,087,718
2021		20,432,259			1,424,852			21,857,111
2022		20,053,541			1,458,246			21,511,787
2023		20,030,831			1,492,437			21,523,268
2024		18,980,307			1,384,035			20,364,342
2025 and Thereafter		179,064,584			11,524,619			190,589,203

Total Lease Payments		270,600,973			18,332,456			288,933,429

Less: Interest		(180,217,232	)		(9,209,930	)		(189,427,162	)

Present Value of Lease Liability	$	90,383,741		$	9,122,526		$	99,506,267

Notes Payable (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

At March 31, 2020 and December 31, 2019, notes payable consisted of the following:


	March 31, 2020			December 31, 2019
In connection with an acquisition completed in 2017, the Company is required to make quarterly charitable contributions of $50,000 through October 2024. The net present value of these required payments has been recorded as a liability with an interest rate of 2.17%	$	911,723		$	970,957
Private placement debt dated May 22, 2019, in the original amount of $105,466,429, which matures on May 22, 2022. The debt was issued at a discount, the carrying value of which is $13,505,195 a t March 31, 2020 and $15,090,517 at December 31, 2019, and bears interest of 12.00% per annum.		91,1961,234			90,375,912

Total notes payable		92,872,957			91,346,869
Less: current portion of notes payable		(182,926	)		(206,675	)

Notes payable, net of current portion	$	92,690,031		$	91,140,194

Warrant Liability (Tables)

3 Months Ended

Mar. 31, 2020

Warrants and Rights Note Disclosure [Abstract]

Schedule of Stockholders' Equity Note, Warrants or Rights

The following table summarizes the number warrants issued to related parties and third parties as of December

, 2019 and March 31, 2020:


	Third Party Number of Shares		Related Party Number of Shares		Weighted Average Exercise Price (CAD)		Weighted Average Contractual Life
Balance as at December 31, 2019		2,387,470		19,341		18.59		4.86
Granted		—		—		—

Balance as at March 31, 2020		2,387,470		19,341		18.59		4.86

Schedule Of Fair Value Of Warrant Liability

The following table summarizes the fair value of the warrant liability at March 31, 2020 and December 31, 2019:


Warrant Liability	Strike Price C$		Warrants Issued		March 31, 2020		December 31, 2019
Bridge Financing Warrants	C$	22.90		218,964	$	454,000	$	1,385,400
Private Placement Financing Warrants	C$	19.39		1,822,771		6,526,000		12,189,169
Modification Warrants	C$	12.04		365,076		1,517,000		2,305,274

Totals				2,406,811	$	8,497,000	$	15,879,843

Schedule Of Fair Value Measurement Inputs and Valuation Techniques Used In Determining Warrant Liability

The following table summarizes the significant assumptions used in determining the fair value of the warrant liability as of each reporting date:


Significant Assumptions	March 31, 2020			December 31, 2019
Volatility		100.77% - 114.74	%		117.43% - 123.64	%
Remaining Term		2.53 – 4.61 years			2.78 - 4.86 years
Risk Free Rate		0.50% - 0.60	%		1.68% - 1.69	%

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes the Company’s income tax expense and effective tax rates for the three months ended March 31, 2020 and March 31, 2019:


	Three Months Ended March 31,
	2020			2019
Income before Income Taxes	$	9,385,440		$	(8,468,055	)
Income Tax Expense		13,149,000			1,236,000
Effective Tax Rate		140.1	%		(14.6	% )

Investments (Tables)

3 Months Ended

Mar. 31, 2020

Investments [Abstract]

Schedule Of Long Term Investments

The following table summarizes the change in the Company’s investments as of March 31, 2020:


	Convertible Notes Receivable		Equity			Total
Balance at December 31, 2019	$	7,533,000	$	6,535,821		$	14,068,821
Fair value adjustment		—		(215,607	)		(215,607	)

Balance at March 31, 2020	$	7,533,000	$	6,320,213		$	13,853,214

The following table summarizes the change in the Company’s investments as of December 31, 2019:


	Convertible Notes Receivable			Equity			Total
Balance at December 31, 2018	$	30,336,000		$	10,597,283		$	40,933,283
Fair value adjustment		(1,398,000	)		(4,061,462	)		(5,459,462	)
Applied to consideration in business combination		(21,405,000	)		—			(21,405,000	)

Balance at December 31, 2019	$	7,533,000		$	6,535,821		$	14,068,821

Schedule Of Fair Value Measurement Inputs and Valuation Techniques


	Three Months Ended March 31, 2020	Year Ended December 31, 2019
Risk free rate	1.58% - 2.46%	1.58% - 2.46%
Equity Volatility	58% - 106%	58% - 106%
Market Yield	15% - 18%	15% - 18%
Probability of Qualified Financing	0%	0%
Probability of Sale	30%	30%
Probability of No Event	70%	70%

Share Capital (Tables)

3 Months Ended

Mar. 31, 2020

Disclosure of Share Capital [Line Items]

Schedule of Common Stock Outstanding Roll Forward

A reconciliation of the beginning and ending amounts of the issued and outstanding shares by class is as follows:


	Issued and Outstanding
	Subordinate Voting Shares		Multiple Voting Shares			Super Voting Shares
As at December 31, 2019		128,999,964		373,350			402,289
Issuance of shares under business combinations and investments		1,115,618		—			—
Issuances of shares upon vesting of RSUs		63,890		—			—
Exchange of shares		14,632,100		(134,846	)		(11,475	)

As at March 31, 2020		144,811,572		238,504			390,814

Share-based Payment Arrangement, Option, Activity

Option grants are determined by the Compensation Committee of the Board with the option price set at no less than 100% of the fair market value of a share on the date of grant. Stock option activity is summarized as follows:


	Number of Shares			Weighted Average Exercise Price (C $ )		Weighted Average Contractual Life		Aggregate Intrinsic Value
Balance as at December 31, 2019		3,839,017			13.21		5.81	$	218,234
Granted		2,391,028			9.58		5.00
Exercised		—			—		—
Forfeited		(255,104	)		14.89		5.01


Balance as at March 31, 2020		5,974,938			11.69		5.52
Vested		740,545			14.21		6.94
Exercisable at March 31, 2020		—			—		—	$	—

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company used the Black-Scholes option pricing model to estimate the fair value of the options at the grant date using the following ranges of assumptions:


Risk-free interest rate			0.75% - 2.33%
Expected dividend yield			0%
Expected volatility			80% - 100%
Expected option life			3 – 10 years

Schedule of Stock-Based Compensation Expense

The stock-based compensation expense for the three months ended March 31, 2020 and 2019 was as

follows


	For the Three Months Ended March 31,
	2020		2019
Stock Options Expense	$	2,691,157	$	4,258,467
RS U s		2,382,585		1,586,333

Total Stock-Based Compensation Expense	$	5,073,742	$	5,844,800

Restricted Stock Units (RSUs) [member]

Disclosure of Share Capital [Line Items]

Non-vested Restricted Stock Shares Activity

The following table summarizes the number of non

vested RSU awards as of March 31, 2020 and December 31, 2019 and the changes during the year ended December 31, 2019:


	Number of Shares			Weighted Average Grant Date Fair Value (C $ )
Non - vested RSUs at December 31, 2019		1,399,762			9.30
Granted		168,526			10.86
Forfeited		(26,500	)		15.64
Vested		(63,890	)		16.89
Non - vested RSUs at March 31, 2020		1,477,898			9.53

Other Income (Expense) (Tables)

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Schedule of Other Nonoperating Income (Expense)

For the three months ended March 31, 2020 and 2019 other income (expense) was comprised of the following:


	For the Three Months Ended March 31,
	2020			2019
Fair value adjustments on equity investments	$	(215,607	)	$	602,964
Fair value adjustments on variable note receivable		(810,337	)		4,109,794
Fair value adjustment on put and call options		—			409,847
Fair value adjustments on warrant liability		7,382,843			—
Fair value adjustments on contingent consideration		170,989			—
Other		258,222			134,048

Total Other Income (Expense)	$	6, 786,110		$	5,256,65 3

Financial Instruments and Financial Risk Management (Tables)

3 Months Ended

Mar. 31, 2020

Disclosure Text Block Supplement [Abstract]

Fair Value Measurements, Recurring and Nonrecurring


	As of March 31, 2020
	Level 1		Level 2		Level 3			Total
Cash and Cash Equivalents	$	71,521,954	$	—	$	—		$	71,521,954
Notes Receivable		—		—		5,600			5,600
Investments		—		—		13,853,214			13,853,214
Liability of Redemption of Noncontrolling Interest		—		—		(5,500,000	)		(5,500,000	)
Warrant Liability		—		—		(8,497,000	)		(8,497,000	)
Contingent Consideration Payable		—		—		(50,344,502	)		(50,344,502	)

	$	71,521,954	$	—	$	(50,482,688	)	$	21,039,266


	As of December 31, 2019
	Level 1		Level 2		Level 3			Total
Cash and Cash Equivalents	$	46,667,334	$	—	$	—		$	46,667,334
Notes Receivable		—		—		815,937			815,937
Investments		—		—		14,068,821			14,068,821
Liability of Redemption of Noncontrolling Interest		—		—		(5,500,000	)		(5,500,000	)
Warrant Liability		—		—		(15,879,843	)		(15,879,843	)
Contingent Consideration Payable		—		—		(58,936,739	)		(58,936,739	)

	$	46,667,334	$	—	$	(65,431,824	)	$	(18,764,490	)

Contractual Obligation, Fiscal Year Maturity

In addition to the commitments outlined in Note 12, the Company has the following contractual obligations:


	<1 Year		1 to 3 Years		3 to 5 Years		>5 Years		Total
Accounts Payable and Accrued Liabilities	$	60,432,653	$	—	$	—	$	—	$	60,432,653
Notes Payable		182,926		92,339,180		350,851		—		92,872,957
Construction Commitments		5,131,995		—		—		—		5,131,995
Contingent Consideration Payable		41,581,975		8,762,527		—		—		50,344,502
Operating Leases - Third Party		12,039,451		40,485,800		39,011,138		179,064,584		270,600,973
Operating Leases - Related Party		1,048,267		2,883,098		2,876,472		11,524,619		18,332,456

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Variable Interest Entities


	March 31, 2020							December 31, 2019
	Chesapeake Alternatives, LLC		Illinois Disp, LLC		Other Non- material VIEs			Chesapeake Alternatives, LLC		Illinois Disp, LLC		Other Non- material VIEs
Current assets	$	22,278,800	$	2,343,228	$	1,710,495		$	19,455,533	$	1,381,716	$	1,352,935
Non-current assets		2,873,410		3,543,890		2,494,212			22,384,663		3,083,659		2,534,297
Current liabilities		16,105,824		884,356		1,146,023			14,219,204		149,498		783,682
Non-current liabilities		1,129,327		596,387		838,422			1,169,989		137,736		855,440
Noncontrolling interests		132,732		2,203,187		(109,709	)		350,206		2,089,071		(22,488	)
Equity attributable to Green Thumb Industries Inc.		7,784,327		2,203,187		2,329,971			6,645,263		2,089,070		2,270,598
Revenues		4,308,630		2,781,616		1,712,651			16,056,521		5,857,946		3,516,164
Net income (loss) attributable to noncontrolling interests		41,409		364,116		37,179			—		699,624		(112,245	)
Net income (loss) attributable to Green Thumb Industries Inc.		1,139,063		364,117		59,373			1,807,229		699,625		(79,402	)

Net income (loss)	$	1,180,472	$	728,233	$	96,552		$	1,807,229	$	1,399,249	$	(191,647	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Revenues

The below table presents revenues by type for the three months ended March 31, 2020 and 2019:


	Three Months Ended March 31,
	2020			2019
Revenues, Net of Discounts
Consumer Packaged Goods	$	46,322,028		$	13,494,740
Retail		75,961,450			16,117,365
Intersegment Eliminations		(19,680,876	)		(1,698,942	)

Total Revenues, net of discounts	$	102,602,602		$	27,913,163

Depreciation and Amortization
Consumer Packaged Goods	$	10,508,491		$	2,997,866
Retail		797,278			390,735
Intersegment Eliminations		1,399,403			80,958

Total Depreciation and Amortization	$	12,705,172		$	3,469,560

Income Taxes
Consumer Packaged Goods	$	4,227,000		$	228,000
Retail		8,922,000			1,480,000
Intersegment Eliminations		—			(472,000	)

Total Income Taxes	$	13,149,000		$	1,236,000

Overview and Basis of Presentation - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock Options Expense
Number of Shares Outstanding, Diluted	5,974,938	2,411,192
Restricted Stock Units
Number of Shares Outstanding, Diluted	1,477,898	1,585,000
Warrant
Number of Shares Outstanding, Diluted	2,387,470	0

Inventories - Summary of inventory (Detail) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Inventory [Line Items]
Raw Material	$ 3,658,076	$ 6,375,032
Packaging and Miscellaneous	5,550,391	4,887,970
Work in Process	22,945,070	20,162,723
Finished Goods	19,654,279	16,640,629
Reserve for Obsolete Inventory	(1,637,548)	(2,031,873)
Total Inventories	$ 50,170,268	$ 46,034,481

Property and Equipment - Property, Plant and Equipment (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cost
Beginning balance	$ 164,713,394	$ 69,207,422	$ 69,207,422
Transfers	0
Additions	20,328,475		100,900,501
Disposals	(12,051,566)		(21,919,891)
Additions from acquisitions			16,525,362
Ending balance	172,990,303		164,713,394
Accumulated Depreciation
Beginning balance	9,116,719	3,883,342	3,883,342
Depreciation	3,787,005	1,051,327	6,827,711
Disposals	(376,677)		(1,594,334)
Ending balance	12,527,047		9,116,719
Net book value [Abstract]
Beginning balance	155,596,675	65,324,080	65,324,080
Ending balance	160,463,256	155,596,675	155,596,675
Land [member]
Cost
Beginning balance	3,272,439	2,243,085	2,243,085
Transfers	0		892,056
Additions	0		3,500,974
Disposals	(205,000)		(3,363,676)
Ending balance	3,067,439		3,272,439
Accumulated Depreciation
Beginning balance	0
Depreciation	0
Disposals	0
Ending balance	0		0
Net book value [Abstract]
Beginning balance	3,272,439	2,243,085	2,243,085
Ending balance	3,067,439	3,272,439	3,272,439
Buildings and Improvements [member]
Cost
Beginning balance	33,377,471	20,861,988	20,861,988
Transfers	21,800,000		9,400,171
Additions	38,549		18,817,329
Disposals	(5,337,930)		(15,702,017)
Ending balance	49,878,090		33,377,471
Accumulated Depreciation
Beginning balance	2,236,254	1,351,230	1,351,230
Depreciation	522,976		1,866,400
Disposals	(376,677)		(981,376)
Ending balance	2,382,553		2,236,254
Net book value [Abstract]
Beginning balance	31,141,217	19,510,758	19,510,758
Ending balance	47,495,537	31,141,217	31,141,217
Furniture and Fixtures [member]
Cost
Beginning balance	2,509,918	2,328,847	2,328,847
Transfers	674,000		40,167
Additions	356,935		34,669
Disposals	0
Additions from acquisitions			106,235
Ending balance	3,540,853		2,509,918
Accumulated Depreciation
Beginning balance	617,016	489,956	489,956
Depreciation	240,421		127,060
Disposals	0
Ending balance	857,437		617,016
Net book value [Abstract]
Beginning balance	1,892,902	1,838,891	1,838,891
Ending balance	2,683,416	1,892,902	1,892,902
Computer Equipment and Software [member]
Cost
Beginning balance	7,073,807	2,093,205	2,093,205
Transfers	0		143,882
Additions	68,229		4,667,127
Disposals	0
Additions from acquisitions			169,593
Ending balance	7,142,036		7,073,807
Accumulated Depreciation
Beginning balance	1,558,180	249,423	249,423
Depreciation	316,061		1,308,757
Disposals	0
Ending balance	1,874,241		1,558,180
Net book value [Abstract]
Beginning balance	5,515,627	1,843,782	1,843,782
Ending balance	5,267,795	5,515,627	5,515,627
Leasehold Improvements [member]
Cost
Beginning balance	68,681,497	18,435,893	18,435,893
Transfers	1,852,000		13,981,780
Additions	934,802		24,020,898
Disposals	0
Additions from acquisitions			12,242,926
Ending balance	71,468,299		68,681,497
Accumulated Depreciation
Beginning balance	2,998,287	1,007,998	1,007,998
Depreciation	1,507,456		1,990,289
Disposals	0
Ending balance	4,505,743		2,998,287
Net book value [Abstract]
Beginning balance	65,683,210	17,427,895	17,427,895
Ending balance	66,962,556	65,683,210	65,683,210
Production and Processing Equipment [member]
Cost
Beginning balance	25,926,146	6,579,446	6,579,446
Transfers	(5,887,000)		4,075,642
Additions	382,276		14,147,722
Disposals	0		(2,854,198)
Additions from acquisitions			3,977,534
Ending balance	20,421,422		25,926,146
Accumulated Depreciation
Beginning balance	1,706,982	784,735	784,735
Depreciation	1,111,192		1,535,205
Disposals	0		(612,958)
Ending balance	2,818,174		1,706,982
Net book value [Abstract]
Beginning balance	24,219,164	5,794,711	5,794,711
Ending balance	17,603,248	24,219,164	24,219,164
Assets Under Construction [member]
Cost
Beginning balance	21,372,116	16,664,958	16,664,958
Transfers	(18,439,000)		(28,533,698)
Additions	18,304,708		33,211,782
Disposals	(6,508,636)
Additions from acquisitions			29,074
Ending balance	14,729,188		21,372,116
Accumulated Depreciation
Beginning balance	0
Depreciation	0
Disposals	0
Ending balance	0		0
Net book value [Abstract]
Beginning balance	21,372,116	16,664,958	16,664,958
Ending balance	14,729,188	21,372,116	21,372,116
Capitalized Interest [Member]
Cost
Beginning balance	2,500,000
Transfers	0		2,500,000
Additions	242,976
Disposals	0
Ending balance	2,742,976		2,500,000
Accumulated Depreciation
Beginning balance	0
Depreciation	88,899
Disposals	0
Ending balance	88,899		0
Net book value [Abstract]
Beginning balance	2,500,000
Ending balance	$ 2,654,077	$ 2,500,000	$ 2,500,000

Property and Equipment - Additional Information (Detail) - USD ($)		3 Months Ended		12 Months Ended
	Mar. 06, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Jan. 31, 2020
Disclosure of Property of Equipment [Line Items]
Depreciation expense		$ 3,787,005	$ 1,051,327	$ 6,827,711
Land [Member]
Disclosure of Property of Equipment [Line Items]
Depreciation expense		0
Asset under Construction [Member]
Disclosure of Property of Equipment [Line Items]
Depreciation expense		0
Ohio Cultivation And Processing Facility [member]
Disclosure of Property of Equipment [Line Items]
Sale Leaseback Transaction, Net Book Value					$ 2,900,000
Ohio Cultivation And Processing Facility [member] \| Innovative Industrial Properties [member] \| Land [Member]
Disclosure of Property of Equipment [Line Items]
Sale Leaseback Transaction, Net Book Value					205,000
Ohio Cultivation And Processing Facility [member] \| Innovative Industrial Properties [member] \| Asset under Construction [Member]
Disclosure of Property of Equipment [Line Items]
Sale Leaseback Transaction, Net Book Value					$ 2,695,000
Illinois Cultivation And Processing Facility [member]
Disclosure of Property of Equipment [Line Items]
Sale Leaseback Transaction, Net Book Value	$ 9,000,000
Illinois Cultivation And Processing Facility [member] \| Innovative Industrial Properties [member] \| Asset under Construction [Member]
Disclosure of Property of Equipment [Line Items]
Sale Leaseback Transaction, Net Book Value	3,813,636
Illinois Cultivation And Processing Facility [member] \| Innovative Industrial Properties [member] \| Building [Member]
Disclosure of Property of Equipment [Line Items]
Sale Leaseback Transaction, Net Book Value	4,961,253
Illinois Cultivation And Processing Facility [member] \| Innovative Industrial Properties [member] \| Other Operating Income (Expense) [Member]
Disclosure of Property of Equipment [Line Items]
Sale and Leaseback Transaction, Gain, Net	$ 239,096
Cost of Sales [member]
Disclosure of Property of Equipment [Line Items]
Depreciation expense		$ 2,677,727	$ 649,097

Intangible Assets and Goodwill - Summary of intangible assets (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Jan. 01, 2020	Jan. 01, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 462,253,283	$ 90,905,693	$ 90,905,693
Additions from acquisitions	0		371,347,590
Finite-Lived Intangible Assets, Gross	462,253,283		462,253,283
Finite-Lived Intangible Assets, Accumulated Amortization	27,006,385	2,540,015	2,540,015
Amortization	8,918,167	2,210,006	24,466,370
Finite-Lived Intangible Assets, Accumulated Amortization	35,924,552		27,006,385
Finite-Lived Intangible Assets, Net	426,328,731		435,246,898	$ 435,246,898	$ 88,365,678
Licenses And Permits [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	336,954,213	89,705,213	89,705,213
Additions from acquisitions	0		247,249,000
Finite-Lived Intangible Assets, Gross	336,954,213		336,954,213
Finite-Lived Intangible Assets, Accumulated Amortization	18,477,500	2,322,715	2,322,715
Amortization	6,166,204		16,154,785
Finite-Lived Intangible Assets, Accumulated Amortization	24,643,704		18,477,500
Finite-Lived Intangible Assets, Net	312,310,509		318,476,713	318,476,713	87,382,498
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	97,455,590	360,000	360,000
Additions from acquisitions	0		97,095,590
Finite-Lived Intangible Assets, Gross	97,455,590		97,455,590
Finite-Lived Intangible Assets, Accumulated Amortization	4,121,800	0	0
Amortization	1,679,259		4,121,800
Finite-Lived Intangible Assets, Accumulated Amortization	5,801,059		4,121,800
Finite-Lived Intangible Assets, Net	91,654,531		93,333,790	93,333,790	360,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	25,258,000	820,000	820,000
Additions from acquisitions	0		24,438,000
Finite-Lived Intangible Assets, Gross	25,258,000		25,258,000
Finite-Lived Intangible Assets, Accumulated Amortization	3,932,416	204,500	204,500
Amortization	941,119		3,727,916
Finite-Lived Intangible Assets, Accumulated Amortization	4,873,535		3,932,416
Finite-Lived Intangible Assets, Net	20,384,465		21,325,584	21,325,584	615,500
Non Competition Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,585,480	20,480	20,480
Additions from acquisitions	0		2,565,000
Finite-Lived Intangible Assets, Gross	2,585,480		2,585,480
Finite-Lived Intangible Assets, Accumulated Amortization	474,669	$ 12,800	12,800
Amortization	131,585		461,869
Finite-Lived Intangible Assets, Accumulated Amortization	606,254		474,669
Finite-Lived Intangible Assets, Net	$ 1,979,226		$ 2,110,811	$ 2,110,811	$ 7,680

Intangible Assets and Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization	$ 8,918,167	$ 2,210,006	$ 24,466,370

Intangible Assets and Goodwill - Summary of estimated annual amortization expense related to intangible assets (Detail) - USD ($)	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jan. 01, 2019
Finite Lived Intangible Assets Future Amortization Expense [Line Items]
Remainder of 2020	$ 24,995,106
2021	33,151,991
2022	32,721,251
2023	32,638,437
2024	32,057,103
Thereafter	270,764,843
Finite-Lived Intangible Assets, Net	$ 426,328,731	$ 435,246,898	$ 435,246,898	$ 88,365,678

Intangible Assets and Goodwill - Summary of Good will And Intangible Assets Disclosure (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Balance at beginning	$ 375,084,991	$ 39,204,360
Adjustments to Purchase Price Allocations	(2,865,992)	4,672,523
Balance at end	372,218,999	375,084,991
Advanced Grow Labs LLC [Member]
Goodwill [Line Items]
Acquisitions		61,328,599
Integral Associates LLC [Member]
Goodwill [Line Items]
Acquisitions		115,979,323
Other Acquisitions [Member]
Goodwill [Line Items]
Acquisitions		153,900,188
Retail Segment [Member]
Goodwill [Line Items]
Balance at beginning	119,873,759	15,286,360
Adjustments to Purchase Price Allocations	(115,992)	8,238,808
Balance at end	119,757,767	119,873,759
Retail Segment [Member] \| Advanced Grow Labs LLC [Member]
Goodwill [Line Items]
Acquisitions		16,756,250
Retail Segment [Member] \| Integral Associates LLC [Member]
Goodwill [Line Items]
Acquisitions		46,655,753
Retail Segment [Member] \| Other Acquisitions [Member]
Goodwill [Line Items]
Acquisitions		32,936,590
Consumer Packaged Goods Segment [Member]
Goodwill [Line Items]
Balance at beginning	255,211,232	23,918,000
Adjustments to Purchase Price Allocations	(2,750,000)	(3,566,285)
Balance at end	$ 252,461,232	255,211,232
Consumer Packaged Goods Segment [Member] \| Advanced Grow Labs LLC [Member]
Goodwill [Line Items]
Acquisitions		44,572,349
Consumer Packaged Goods Segment [Member] \| Integral Associates LLC [Member]
Goodwill [Line Items]
Acquisitions		69,323,570
Consumer Packaged Goods Segment [Member] \| Other Acquisitions [Member]
Goodwill [Line Items]
Acquisitions		$ 120,963,598

Leases - Additional Information (Detail) - USD ($)	3 Months Ended
Leases - Additional Information (Detail) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Mar. 06, 2020	Jan. 31, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Operating lease expense	$ 4,257,515	$ 905,056
Operating lease right of use asset	97,034,010				$ 63,647,812
Operating lease liability	99,506,267
Ohio Cultivation And Processing Facility [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Sale Leaseback Transaction, Net Book Value				$ 2,900,000
Sale leaseback certain improvements agreed to provide reimbursement				4,300,000
Sale leaseback investment amount				7,200,000
Operating lease right of use asset				3,583,263
Operating lease liability				3,583,263
Improvements allowance				$ 4,300,000
Illinois Cultivation And Processing Facility [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Sale Leaseback Transaction, Net Book Value			$ 9,000,000
Sale leaseback certain improvements agreed to provide reimbursement			41,000,000
Sale leaseback investment amount			50,000,000
Operating lease right of use asset			26,828,221
Operating lease liability			26,828,221
Improvements allowance			$ 41,000,000
Florida And Lllinois [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Operating lease expense	222,339	21,754
Maryland Nevada and Massachusetts [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Operating lease expense	190,462	$ 138,128
NV
Acquired Finite-Lived Intangible Assets [Line Items]
Operating lease expense	$ 30,980
Lease term	10 years
Maximum [Member] \| Florida And Lllinois [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Lease term	15 years
Maximum [Member] \| Maryland Nevada and Massachusetts [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Lease term	15 years
Minimum [Member] \| Florida And Lllinois [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Lease term	7 years
Minimum [Member] \| Maryland Nevada and Massachusetts [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Lease term	7 years

Leases - Schedule Of Other Information Related To Operating Leases (Detail)	Mar. 31, 2020
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	12 years 6 months 21 days
Weighted average discount rate	12.90%

Leases - Lessee Operating Lease Liability Maturity (Detail)	Mar. 31, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Remainder of 2020	$ 13,087,718
2021	21,857,111
2022	21,511,787
2023	21,523,268
2024	20,364,342
2025 and Thereafter	190,589,203
Total Lease Payments	288,933,429
Less: Interest	(189,427,162)
Present Value of Lease Liability	99,506,267
Third Party [Member]
Lessee, Lease, Description [Line Items]
Remainder of 2020	12,039,451
2021	20,432,259
2022	20,053,541
2023	20,030,831
2024	18,980,307
2025 and Thereafter	179,064,584
Total Lease Payments	270,600,973
Less: Interest	(180,217,232)
Present Value of Lease Liability	90,383,741
Related Party [Member]
Lessee, Lease, Description [Line Items]
Remainder of 2020	1,048,267
2021	1,424,852
2022	1,458,246
2023	1,492,437
2024	1,384,035
2025 and Thereafter	11,524,619
Total Lease Payments	18,332,456
Less: Interest	(9,209,930)
Present Value of Lease Liability	$ 9,122,526

Notes Payable - Schedule of Debt (Detail) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total notes payable	$ 92,872,957	$ 91,346,869
Less: current portion of notes payable	(182,926)	(206,675)
Notes payable, net of current portion	92,690,031	91,140,194
Acquired Debt [member]
Debt Instrument [Line Items]
Total notes payable	911,723	970,957
Private Placement Debt [member]
Debt Instrument [Line Items]
Total notes payable	$ 911,961,234	$ 90,375,912

Notes Payable - Schedule of Debt (Parenthetical) (Detail) - USD ($)		12 Months Ended
	May 22, 2019	Dec. 31, 2017	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Charitable Contribution Quarterly Payment		$ 50,000
Charitable Contribution, Date Of Last Payment		October 2024
Debt Instrument Interest Rate		2.17%
Private Placement Debt [member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate				12.00%
Debt Issuance Date	May 22, 2019
Debt face value	$ 105,466,429
Debt Maturity Date	May 22, 2022
Debt Instrument Carrying Amount			$ 13,505,195	$ 15,090,517

Notes Payable - Additional Information (Detail)	3 Months Ended
Notes Payable - Additional Information (Detail)	Mar. 31, 2020 USD ($)
Debt Disclosure [Abstract]
Interest expense	$ 3,146,703
Accretion Expense	$ 1,585,322

Warrant Liability - Schedule of Stockholders' Equity Note, Warrants or Rights (Detail)	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price, Beginning Balance \| $ / shares	$ 18.59
Weighted Average Exercise Price, Granted \| $ / shares	0
Weighted Average Exercise Price, Ending Balance \| $ / shares	$ 18.59
Weighted Average Contractual Life, Beginning Balance	4 years 10 months 9 days
Weighted Average Contractual Life, Ending Balance	4 years 10 months 9 days
Related Parties [member]
Class of Warrant or Right [Line Items]
Number of Shares, Beginning Balance	19,341
Number of Shares, Granted	0
Number of Shares, Ending Balance	19,341
Third Parties [member]
Class of Warrant or Right [Line Items]
Number of Shares, Beginning Balance	2,387,470
Number of Shares, Granted	0
Number of Shares, Ending Balance	2,387,470

Warrant Liability - Schedule Of Fair Value Of Warrant Liability (Detail)	Mar. 31, 2020 USD ($) shares	Mar. 31, 2020 $ / shares	Dec. 31, 2019 USD ($)
Class of Warrant or Right [Line Items]
Warrants Issued \| shares	2,406,811
Warrant Liability \| $	$ 8,497,000		$ 15,879,843
Bridge Financing Warrants [member]
Class of Warrant or Right [Line Items]
Strike Price \| $ / shares		$ 22.90
Warrants Issued \| shares	218,964
Warrant Liability \| $	$ 454,000		1,385,400
Private Placement Financing Warrants [member]
Class of Warrant or Right [Line Items]
Strike Price \| $ / shares		19.39
Warrants Issued \| shares	1,822,771
Warrant Liability \| $	$ 6,526,000		12,189,169
Modification Warrants [member]
Class of Warrant or Right [Line Items]
Strike Price \| $ / shares		$ 12.04
Warrants Issued \| shares	365,076
Warrant Liability \| $	$ 1,517,000		$ 2,305,274

Warrant Liability - Schedule Of Fair Value Measurement Inputs and Valuation Techniques Used In Determining Warrant Liability (Detail)	Mar. 31, 2020 yr	Dec. 31, 2019 yr
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0
Volatility \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	114.7	123.64
Volatility \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	100.77	117.43
Remaining Term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0
Remaining Term \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	4.61	4.86
Remaining Term \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	2.53	2.78
Risk Free Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0
Risk Free Rate \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.60	1.69
Risk Free Rate \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.50	1.68

Warrant Liability - Additional Information (Detail)	3 Months Ended
Warrant Liability - Additional Information (Detail)	Mar. 31, 2020 USD ($)
Class of Warrant or Right [Line Items]
Fair Value Adjustment of Warrants	$ 7,382,843

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Income before Income Taxes	$ 9,385,440	$ (8,468,055)
Income Tax Expense	$ 13,149,000	$ 1,236,000
Effective Tax Rate	140.10%	(14.60%)

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
unrecognized tax benefits	$ 4.3	$ 0.8

Investments - Schedule Of Long Term Investments (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Longterm Investments [Line Items]
Beginning balance	$ 14,068,821	$ 40,933,283	$ 40,933,283
Fair value adjustment	(215,607)	602,964	(5,459,462)
Applied to consideration in business combination			(21,405,000)
Ending balance	13,853,214		14,068,821
Convertible Debt Securities [member]
Longterm Investments [Line Items]
Beginning balance	7,533,000	30,336,000	30,336,000
Fair value adjustment			(1,398,000)
Applied to consideration in business combination			(21,405,000)
Ending balance	7,533,000		7,533,000
Equity Securities [member]
Longterm Investments [Line Items]
Beginning balance	6,535,821	$ 10,597,283	10,597,283
Fair value adjustment	(215,607)		(4,061,462)
Applied to consideration in business combination			0
Ending balance	$ 6,320,213		$ 6,535,821

Investments - Schedule Of Fair Value Measurement Inputs and Valuation Techniques (Detail)	Mar. 31, 2020	Dec. 31, 2019
Risk free rate \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	2.46	2.46
Risk free rate \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	1.58	1.58
Equity Volatility \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	106	106
Equity Volatility \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	58	58
Market Yield \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	18	18
Market Yield \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	15	15
Probability of Qualified Financing
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	0	0
Probability of Sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	30	30
Probability of No Event
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Alternative investment, measurement input	70	70

Investments - Additional Information (Detail) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Investments [Line Items]
Equity Method Investments Fair Value Disclosure	$ 6,320,213	$ 6,535,821
Convertible Debt Securities [member]
Investments [Line Items]
Investments, Simple Interest Rate	6.00%
Investments Fair Value	$ 7,533,000	$ 7,533,000

Share Capital - Schedule of Common Stock Outstanding Roll Forward (Detail)	3 Months Ended
	Mar. 31, 2020 shares
Subordinate Voting Shares [member]
Class of Stock [Line Items]
Beginning balance	128,999,964
Issuance of shares under business combinations and investments	1,115,618
Issuances of shares upon vesting of RSUs	63,890
Exchange of shares	14,632,100
Ending balance	144,811,572
Multiple Voting Shares [member]
Class of Stock [Line Items]
Beginning balance	373,350
Exchange of shares	(134,846)
Ending balance	238,504
Super Voting Shares [member]
Class of Stock [Line Items]
Beginning balance	402,289
Exchange of shares	(11,475)
Ending balance	390,814

Share Capital - Share-based Payment Arrangement, Option, Activity (Detail)	3 Months Ended		12 Months Ended
	Mar. 31, 2020 USD ($) yr shares	Mar. 31, 2020 $ / shares	Dec. 31, 2019 USD ($) yr shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Balance \| shares	3,839,017
Number of Share, Granted \| shares	2,391,028
Number of Shares, Forfeited \| shares	(255,104)
Number of Share, Vested \| shares	740,545
Number of Shares, Ending Balance \| shares	5,974,938		3,839,017
Weighted Average Exercise Price, Balance \| $ / shares		$ 13.21
Weighted Average Exercise Price, Granted \| $ / shares		9.58
Weighted Average Exercise Price, Forfeited \| $ / shares		14.89
Weighted Average Exercise Price, Vested \| $ / shares		14.21
Weighted Average Exercise Price, Ending Balance \| $ / shares		$ 11.69
Weighted Average Contractual Life, Balance \| yr	5.52		5.81
Weighted Average Contractual Life Granted	5 years
Weighted Average Contractual Life Forfeited	5 years 3 days
Weighted Average Contractual Life, Vested	6 years 11 months 8 days
Weighted Average Contractual Life, Ending Balance \| yr			5.52
Aggregate Intrinsic Value, Balance \| $	$ 218,234
Aggregate Intrinsic Value, Exercised \| $

Share Capital - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Detail)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Risk-free interest rate, Minumum	0.75%
Risk-free interest rate, Maximum	2.33%
Expected dividend yield	0.00%
Expected volatility, Minumum	80.00%
Expected volatility, maximum	100.00%
Minimum [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expected option life	3 years
Maximum [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expected option life	10 years

Share Capital - Non-vested Restricted Stock Shares Activity (Detail) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Balance \| shares	1,399,762
Number of Shares, Granted \| shares	168,526
Number of Shares, Forfeited \| shares	(26,500)
Number of Shares, Vested \| shares	(63,890)
Number of Shares, Balance \| shares	1,477,898
Weighted Average Grant Date Fair Value, Balance \| $ / shares	$ 9.30
Weighted Average Grant Date Fair Value, Granted \| $ / shares	10.86
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	15.64
Weighted Average Grant Date Fair Value, Vested \| $ / shares	16.89
Weighted Average Grant Date Fair Value, Balance \| $ / shares	$ 9.53

Share Capital - Schedule of Stock-Based Compensation Expense (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-Based Compensation Expense	$ 5,073,742	$ 5,844,800
Stock Options Expense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-Based Compensation Expense	2,691,157	4,258,467
Restricted Stock Units
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-Based Compensation Expense	$ 2,382,585	$ 1,586,333

Share Capital - Additional of Information (Detail) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2020	Dec. 31, 2019
Decrease in contingent consideration payable		$ (170,990)
Settlement Through Stock Issue [Member]
Decrease in contingent consideration payable		8,967,257
Restricted Stock Units (RSUs) [Member]
Cost Not yet Recognized, Amount		$ 33,957,180
Cost Not yet Recognized, Period for Recognition		2 years 3 months 14 days
GTII Stock and Incentive Plan [Member]
Percentage of maximum number of shares issued under the plan	10.00%
Options exercised		0	0
Multiple Voting Shares [Member]
Conversion of Stock, Shares Issued		(134,846)
Common Stock, Shares, Outstanding		238,504	373,350
Common Stock, Shares, Issued		238,504	373,350
Multiple Voting Shares [Member] \| Conversion Of Multiple Voting Shares [Member]
Conversion Of Stock, Shares Converted		134,846
Common Stock Conversion Basis		Each Multiple Voting Share is entitled to one hundred votes per share at shareholder meetings of the Company and is exchangeable for 100 Subordinate Voting Shares
Voting Rights		one hundred votes
Multiple Voting Shares [Member] \| Conversion Of Super Voting Shares [Member]
Conversion of Stock, Shares Issued		11,475
Subordinate Voting Shares [Member]
Conversion of Stock, Shares Issued		14,632,100
Common Stock, Shares, Outstanding		144,811,572	128,999,964
Common Stock, Shares, Issued		144,811,572	128,999,964
Stock Issued During Period, Shares, New Issues		1,067,168
Subordinate Voting Shares [Member] \| Conversion Of Multiple Voting Shares [Member]
Conversion of Stock, Shares Issued		13,484,600
Shares Available For Conversion		23,850,400
Subordinate Voting Shares [Member] \| Conversion Of Super Voting Shares [Member]
Conversion of Stock, Shares Issued		1,147,500
Super Voting Shares [Member]
Conversion of Stock, Shares Issued		(11,475)
Common Stock, Shares, Outstanding		390,814	402,289
Common Stock, Shares, Issued		390,814	402,289
Super Voting Shares [Member] \| Conversion Of Super Voting Shares [Member]
Conversion Of Stock, Shares Converted		11,475
Common Stock Conversion Basis		Each Super Voting Share is entitled to one thousand votes per share at shareholder meetings of the Company and is exchangeable for 100 Subordinate Voting Shares
Voting Rights		one thousand votes
Shares Available For Conversion		39,081,400

Other Income (Expense) - Schedule of Other Nonoperating Income (Expense) (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair value adjustments on equity investments	$ (215,607)	$ 602,964	$ (5,459,462)
Fair value adjustments on variable note receivable	(810,337)	4,109,794
Fair value adjustment on put and call options		409,847
Fair value adjustments on warrant liability	7,382,843
Fair value adjustments on contingent consideration	170,989
Other	258,222	134,048
Total Other Income (Expense)	$ 6,786,110	$ 5,256,653

Commitments and Contingencies - Additional of Information (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2020 USD ($)	Dec. 31, 2019
Construction Commitments [member]
Disclosure of Commitments and Contingencies [Line Items]
Contractual Obligation	$ 5,131,995
Pending Litigation [member]
Disclosure of Commitments and Contingencies [Line Items]
Loss Contingency, Number of Plaintiffs	0	0
Threatened Litigation [member]
Disclosure of Commitments and Contingencies [Line Items]
Loss Contingency, Number of Plaintiffs	0	0

Financial Instruments and Financial Risk Management - Fair Value Measurements, Recurring and Nonrecurring (Detail) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant Liability	$ (8,497,000)	$ (15,879,843)
Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	71,521,954	46,667,334
Notes Receivable	5,600	815,937
Investments	13,853,214	14,068,821
Liability of Redemption of Noncontrolling Interest	(5,500,000)	(5,500,000)
Warrant Liability	(8,497,000)	(15,879,843)
Contingent Consideration Payable	(50,344,502)	(58,936,739)
FairValueNetAssetLiability	21,039,266	(18,764,490)
Fair Value, Inputs, Level 1 [member] \| Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	71,521,954	46,667,334
Notes Receivable
Investments
Liability of Redemption of Noncontrolling Interest
Warrant Liability
Contingent Consideration Payable
FairValueNetAssetLiability	71,521,954	46,667,334
Fair Value, Inputs, Level 2 [member] \| Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents
Notes Receivable
Investments
Liability of Redemption of Noncontrolling Interest
Warrant Liability
Contingent Consideration Payable
FairValueNetAssetLiability
Fair Value, Inputs, Level 3 [member] \| Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents
Notes Receivable	5,600	815,937
Investments	13,853,214	14,068,821
Liability of Redemption of Noncontrolling Interest	(5,500,000)	(5,500,000)
Warrant Liability	(8,497,000)	(15,879,843)
Contingent Consideration Payable	(50,344,502)	(58,936,739)
FairValueNetAssetLiability	$ (50,482,688)	$ (65,431,824)

Financial Instruments and Financial Risk Management - Contractual Obligation, Fiscal Year Maturity (Detail)	Mar. 31, 2020 USD ($)
Accounts Payable and Accrued Liabilities [member]
Contractual Obligation Fiscal Year Maturity [Line Items]
Less than 1 Year	$ 60,432,653
1 to 3 Years
3 to 5 Years
>5 Years
Total	60,432,653
Notes Payable [member]
Contractual Obligation Fiscal Year Maturity [Line Items]
Less than 1 Year	182,926
1 to 3 Years	92,339,180
3 to 5 Years	350,851
>5 Years
Total	92,872,957
Construction Commitments [member]
Contractual Obligation Fiscal Year Maturity [Line Items]
Less than 1 Year	5,131,995
1 to 3 Years
3 to 5 Years
>5 Years
Total	5,131,995
Contingent Consideration Payable [member]
Contractual Obligation Fiscal Year Maturity [Line Items]
Less than 1 Year	41,581,975
1 to 3 Years	8,762,527
3 to 5 Years
>5 Years
Total	50,344,502
Operating Leases Third Party [Member]
Contractual Obligation Fiscal Year Maturity [Line Items]
Less than 1 Year	12,039,451
1 to 3 Years	40,485,800
3 to 5 Years	39,011,138
>5 Years	179,064,584
Total	270,600,973
Operating Leases Related Party [Member]
Contractual Obligation Fiscal Year Maturity [Line Items]
Less than 1 Year	1,048,267
1 to 3 Years	2,883,098
3 to 5 Years	2,876,472
>5 Years	11,524,619
Total	$ 18,332,456

Financial Instruments and Financial Risk Management - Additional of Information (Detail)	3 Months Ended
	Mar. 31, 2020 USD ($)
Disclosure Text Block Supplement [Abstract]
Accounts receivable, past due	$ 794,000
Provision For Doubtful Accounts	$ 0

Variable Interest Entities - Schedule of Variable Interest Entities (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Current assets	$ 140,816,146	$ 109,062,611
Current liabilities	128,250,270	111,367,255
Chesapeake Alternatives LLC [member]
Variable Interest Entity [Line Items]
Noncontrolling interests	132,732	350,206
Equity attributable to Green Thumb Industries Inc.	7,784,327	6,645,263
Revenues	4,308,630	16,056,521
Net income (loss) attributable to noncontrolling interests	41,409
Net income (loss) attributable to Green Thumb Industries Inc.	1,139,063	1,807,229
Net income (loss)	1,180,472	1,807,229
Chesapeake Alternatives LLC [member] \| Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Current assets	22,278,800	19,455,533
Non-current assets	2,873,410	22,384,663
Current liabilities	16,105,824	14,219,204
Non-current liabilities	1,129,327	1,169,989
Illinois Disp LLC [member]
Variable Interest Entity [Line Items]
Noncontrolling interests	2,203,187	2,089,071
Equity attributable to Green Thumb Industries Inc.	2,203,187	2,089,070
Revenues	2,781,616	5,857,946
Net income (loss) attributable to noncontrolling interests	364,116	699,624
Net income (loss) attributable to Green Thumb Industries Inc.	364,117	699,625
Net income (loss)	728,233	1,399,249
Illinois Disp LLC [member] \| Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Current assets	2,343,228	1,381,716
Non-current assets	3,543,890	3,083,659
Current liabilities	884,356	149,498
Non-current liabilities	596,387	137,736
Other Non material VIEs [member]
Variable Interest Entity [Line Items]
Noncontrolling interests	(109,709)	(22,488)
Equity attributable to Green Thumb Industries Inc.	2,329,971	2,270,598
Revenues	1,712,651	3,516,164
Net income (loss) attributable to noncontrolling interests	37,179	(112,245)
Net income (loss) attributable to Green Thumb Industries Inc.	59,373	(79,402)
Net income (loss)	96,552	(191,647)
Other Non material VIEs [member] \| Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Current assets	1,710,495	1,352,935
Non-current assets	2,494,212	2,534,297
Current liabilities	1,146,023	783,682
Non-current liabilities	$ 838,422	$ 855,440

Segment Reporting - Schedule of Revenues (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 102,602,602	$ 27,913,163
Depreciation and Amortization	12,705,172	3,469,560
Income Taxes	13,149,000	1,236,000
Operating Segments [Member] \| Consumer Packaged Goods Segment [Member]
Segment Reporting Information [Line Items]
Revenues	46,322,028	13,494,740
Depreciation and Amortization	10,508,491	2,997,866
Income Taxes	4,227,000	228,000
Operating Segments [Member] \| Retail Segment [Member]
Segment Reporting Information [Line Items]
Revenues	75,961,450	16,117,365
Depreciation and Amortization	797,278	390,735
Income Taxes	8,922,000	1,480,000
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(19,680,876)	(1,698,942)
Depreciation and Amortization	$ 1,399,403	80,958
Income Taxes		$ (472,000)

Segment Reporting - Additional Information (Detail) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Goodwill	$ 372,218,999	$ 375,084,991	$ 39,204,360
Intangible Assets Net	426,328,731	435,246,898
Consumer Packaged Goods Segment [Member]
Goodwill	252,461,232	255,211,232	23,918,000
Retail Segment [Member]
Goodwill	119,757,767	119,873,759	$ 15,286,360
Operating Segments [Member] \| Consumer Packaged Goods Segment [Member]
Goodwill	252,461,232	255,211,232
Intangible Assets Net	223,605,116	228,795,692
Operating Segments [Member] \| Retail Segment [Member]
Goodwill	119,757,767	119,873,759
Intangible Assets Net	$ 202,723,615	$ 207,002,644