Green Thumb's Beneficial Ownership in RYTHM Surges to 89.9% After Removing Ownership Limits

summarizeSummary

Green Thumb's beneficial ownership in RYTHM jumped to 89.9% after an amendment removed ownership limits on its warrants and notes, effective October 10, 2026. The filing quantifies the control shift following shareholder approval of a massive share issuance.

check_boxKey Events · Ownership and Investor Activity · RYM

• Ownership Surge to 89.9%

  Green Thumb's beneficial ownership increased from 49.99% to 89.9% (13,290,387 shares) after an amendment removed all beneficial ownership limits on its warrants and convertible notes.

• Amendment Effective October 10, 2026

  The amendment, signed August 10, 2026, becomes effective October 10, 2026, removing conversion and exercise caps on warrants, notes, and the shared services agreement.

• Near-Total Control Achieved

  With only 2,179,128 shares outstanding, Green Thumb's 13.3 million share position gives it overwhelming voting power and the ability to approve any corporate action unilaterally.

• Dilution Risk for Minority Holders

  The full exercise of warrants and conversion of notes would massively dilute existing shareholders, as the beneficial ownership stake is over 6x the current outstanding share count.

auto_awesomeAnalysis · RYM · Industrial Applications And Services

Green Thumb Industries and its affiliates now control 89.9% of RYTHM's common stock, up from 49.99%, after an amendment removed all beneficial ownership limits on warrants and convertible notes. The amendment, effective October 10, 2026, follows shareholder approval of a massive share issuance and gives Green Thumb near-total control. With only 2.18 million shares outstanding, the 13.3 million shares beneficially owned represent overwhelming dilution risk for minority holders. This cements Green Thumb's dominance and raises the prospect of a full buyout or squeeze-out of remaining public shareholders.