Streetbeat News

GTBIF

Green Thumb Industries Inc

https://www.gtigrows.com/

CEO

Ben Kovler

Industry

Bituminous Coal and Lignite Surface Mining

Open

6.19

Mkt cap

1.5B

Volume

165K

High

6.34

P/E Ratio

20.87

52-wk high

16.33

Low

6.19

Div yield

N/A

52-wk low

6.08

The medical cannabis packaging market is projected to grow from $6.5 billion in 2023 to $117.2 billion by 2032, driven by sustainability and compliance. Key players include Curaleaf Holdings, Green Thumb Industries, Canopy Growth Corp., Tilray Brands, Aurora Cannabis, and Cronos Group.

Portfolio Pulse from Patricio Liddle

June 17, 2024 | 5:54 pm

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE:CNBS), discusses the growth potential in the cannabis sector, emphasizing the importance of strategic partnerships, operational efficiencies, and the burgeoning U.S. hemp cannabinoid market. He highlights companies like Curaleaf, Green Thumb Industries, and Trulieve for their strong market positions and governance. Seymour also notes British Tobacco's investment in Organigram as a strategic move to expand international market reach.

Portfolio Pulse from Nicolás Jose Rodriguez

June 17, 2024 | 1:26 pm

Green Thumb Industries Inc. (OTCQX:GTBIF) held its 2024 Annual General Meeting, electing seven directors and approving executive compensation. The company also appointed Baker Tilly as its auditor. Despite a recent 3.20% decline in stock price, GTBIF has seen a 56.54% increase over the past year.

Portfolio Pulse from Rolando García

June 14, 2024 | 5:25 pm

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

Maryland's cannabis market offers valuable insights for Ohio as it transitions to recreational sales. Key takeaways include stable sales, high prices, and significant market share held by public multi-state operators like Green Thumb, Curaleaf, and Verano. Ohio can learn from Maryland's experience to anticipate challenges and opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

June 10, 2024 | 11:20 pm

The article reports on the stock movements of various marijuana-related companies for June 7, 2024. Notable gainers include CordovaCann, Cansortium, and Psychemedics, while significant losers include AusCann Group Holdings, Greenlane Holdings, and Corbus Pharmaceuticals.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:30 pm

Verano Holdings (OTC:VRNOF) is projected to see a rise in sales and EBITDA, with potential profitability by 2025. The company is compared favorably against other multi-state operators (MSOs) like Green Thumb (OTC:GTBIF), Curaleaf (OTC:CURLF), Ascend Wellness (OTC:AAWH), and Cresco Labs (OTC:CRLBF).

Portfolio Pulse from Nicolás Jose Rodriguez

June 07, 2024 | 12:17 pm

Green Thumb Industries (OTC:GTBIF) is rumored to be interested in merging with Boston Beer (NYSE:SAM), potentially creating a company with $3 billion in proforma 2023 revenues. The merger could reshape the cannabis and beverage sectors, offering strategic advantages and profitability improvements. Boston Beer shares rose by 30% following acquisition talks with Suntory (OTC:STBFY). The merger could set a precedent for future deals in the cannabis and beverage industries.

Portfolio Pulse from Nicolás Jose Rodriguez

June 06, 2024 | 8:02 pm

Green Thumb Industries (GTI) is reportedly seeking a merger with Boston Beer Company, which could allow GTI to list on a major exchange and enter the Hemp THC beverage market. This move could boost the credibility of the cannabis sector and attract traditional alcohol investors.

Portfolio Pulse from Nicolás Jose Rodriguez

June 06, 2024 | 2:21 pm

A new ad campaign in Florida highlights the dangers of unregulated marijuana and advocates for the legalization of cannabis through Amendment 3. The campaign, supported by Smart and Safe Florida and financially backed by Trulieve Cannabis Corp and other cannabis companies, aims to ensure safe and regulated marijuana for adults. The amendment will be voted on in November 2024.

Portfolio Pulse from Maureen Meehan

June 05, 2024 | 8:50 pm

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