Green Thumb's Q2 Revenue Soars 11% To $280M, Is Rising Cost Something To Watch?
Portfolio Pulse from Nicolás Jose Rodriguez
Green Thumb Industries Inc. (OTC:GTBIF) reported strong Q2 2024 financial results with an 11% increase in revenue to $280 million, a net income of $20.7 million, and an adjusted EBITDA of $94 million. The company also repurchased shares worth $20 million and opened new dispensaries, contributing to its market expansion. However, rising costs and regulatory challenges remain areas to watch.
August 05, 2024 | 11:15 pm
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Green Thumb Industries reported a strong Q2 2024 with an 11% increase in revenue to $280 million, net income of $20.7 million, and adjusted EBITDA of $94 million. The company also repurchased shares worth $20 million and opened new dispensaries, contributing to its market expansion. However, rising costs and regulatory challenges remain areas to watch.
The strong financial performance, including significant revenue growth, net income, and adjusted EBITDA, is likely to positively impact the stock price in the short term. However, the rising costs and regulatory challenges could temper investor enthusiasm.
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