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 article lists the top gainers and losers among cannabis stocks for June 4, 2024. Notable gainers include Affinor Growers, Cann Gr, and SOL Glb Inv, while significant losers include The Flowr, 1933 Industries, and CNBX Pharmaceuticals.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 8:30 pm

Green Thumb Industries (OTCQX:GTBIF) has proposed a merger with Boston Beer Co. (NYSE:SAM) to gain access to a major U.S. stock exchange. The merger aims to create a powerful entity in the cannabis and beverage industries, focusing on innovative cannabis-infused products. Boston Beer's stock surged over 20% following the news.

Portfolio Pulse from Patricio Liddle

June 04, 2024 | 8:11 pm

Illinois' cannabis market saw $144.5M in adult-use sales in April, marking a 9.5% year-over-year growth. Despite a slight month-over-month decline, the market shows resilience. Medical cannabis sales declined by 3.3%. Legislative challenges persist, with Green Thumb Industries Inc. (OTCQX:GTBIF) facing criticism for lobbying against extending medical cannabis access.

Portfolio Pulse from Patricio Liddle

June 04, 2024 | 5:31 pm

Senior analyst Pablo Zuanic projects significant growth in Ohio's cannabis market as it transitions to adult-use recreational sales by July 2024. The market could grow fourfold within a year, reaching $2.3 billion. Publicly traded multi-state operators (MSOs) like Vext, Acreage, Cannabist, and Ascend are identified as having high potential for market cap gains.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 7:07 pm

Illinois lawmakers failed to pass cannabis and hemp-related bills, leading to disappointment among cannabis industry advocates and relief among hemp growers. The Cannabis Equity Coalition of Illinois criticized Green Thumb Industries (OTCQX:GTBIF) for allegedly lobbying against medical marijuana access extensions.

Portfolio Pulse from Nina Zdinjak

May 30, 2024 | 1:16 pm

Jushi Holdings Inc. (OTC:JUSHF) is poised for substantial growth with potential adult-use cannabis legalization in Ohio and Pennsylvania, and continuous expansion in Virginia’s medical market. Rescheduling of cannabis could provide $514 million in tax breaks, nearly quadrupling the company's market cap. Despite a slight decline in Q1 2024 sales, the company shows positive cash flow and improved margins.

Portfolio Pulse from Nicolás Jose Rodriguez

May 22, 2024 | 7:27 pm

Ohio's medical marijuana companies, including Green Thumb Industries and the Cannabist Company, are preparing to enter the recreational cannabis market following regulatory approvals. Dual-use applications will be available by June 7, and the DEA's reclassification of marijuana to a Schedule III drug will reduce tax burdens for these businesses.

Portfolio Pulse from Maureen Meehan

May 21, 2024 | 7:08 pm

The article discusses the impact of trading volume on cannabis stocks, highlighting both high-liquidity and low-liquidity stocks. High-liquidity stocks like SNDL, Tilray Brands, Cronos Group, and Aurora Cannabis offer reduced transaction costs and flexibility but can be volatile. Low-liquidity stocks like Medical Marijuana, Trees, Curaleaf Holdings, and Green Thumb Industries may offer high returns but come with higher transaction costs and potential price impacts.

Portfolio Pulse from Nicolás Jose Rodriguez

May 20, 2024 | 10:54 pm

Four small-cap cannabis stocks—Medical Marijuana Inc., TILT Holdings, Trees Corp., and Village Farms International—showed positive performance despite the broader sector's downtrend. These stocks present potential investment opportunities due to their operational efficiencies and financial metrics. In contrast, larger cannabis companies like Curaleaf Holdings, AdvisorShares Pure US Cannabis ETF, Canopy Growth, Trulieve Cannabis, and Green Thumb Industries experienced declines, with only Aurora Cannabis showing a slight increase.

Portfolio Pulse from Nicolás Jose Rodriguez

May 20, 2024 | 8:44 pm

Marijuana stocks experienced a bearish Monday with several companies seeing significant losses. Notable gainers included Heritage Cannabis Holding, 1933 Industries, and Target Group. Major losers included Flower One Holdings, Elixinol Wellness, and Pharmadrug.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 8:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.