"Even with new stores opening, we continue to ramp up production (in New Jersey)," Green Thumb Chief Executive Ben Kovler told Reuters, adding that the state "continues to show strength" in terms of sales.
Green Thumb's revenue rose 3% in the three months ended Sept. 30 from the previous quarter, partly helped by more people visiting its 77 open stores across 15 U.S. states during the quarter, the company said.
However, same store sales - which accounts only for the stores open for more than a year - declined 1.6% from the previous quarter, as price cuts offset the advantage from traffic and volume growth.