Streetbeat News

GTBIF

Green Thumb Industries Inc

https://www.gtigrows.com/

CEO

Ben Kovler

Industry

Bituminous Coal and Lignite Surface Mining

Open

9.50

Mkt cap

2.1B

Volume

278K

High

9.51

P/E Ratio

31.86

52-wk high

16.33

Low

8.60

Div yield

N/A

52-wk low

7.50

Wendy A. Berger, CEO & Founder of WBS Equities, emphasizes the importance of creativity and experimentation in companies to enhance technology and improve user experience. She notes that the current state is not yet ideal.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 4:17 pm

Green Thumb Industries Inc. (OTCQX:GTBIF) is set to release its Q3 2024 financial results on November 7, 2024. The company is focusing on operational efficiency, market expansion, and long-term value creation. It recently announced a $50 million share repurchase program and closed a $150 million credit facility. Green Thumb's shares are trading slightly higher.

Portfolio Pulse from Jelena Martinovic

October 03, 2024 | 11:53 pm

Banzai has been granted an extension by the Nasdaq Hearing Panel to regain compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:34 pm

Florida's cannabis market faces challenges despite significant investments in adult-use legalization. Companies like Trulieve and Curaleaf are heavily investing, but dispensary sales have slipped due to increased competition and external factors. The market's future hinges on legislative changes and potential growth if adult-use legalization passes.

Portfolio Pulse from Nicolás Jose Rodriguez

October 01, 2024 | 10:18 pm

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, will speak at the Benzinga Cannabis Capital Conference in Chicago, discussing the future of cannabis finance. Gerber, a long-time cannabis legalization advocate, will address challenges like tax issues and limited capital access, and the potential impact of federal rescheduling on the industry.

Portfolio Pulse from Javier Hasse

September 25, 2024 | 4:18 pm

Cannabis sales are thriving in North Carolina's only legal recreational marijuana store, Great Smoky, operated by Qualla Enterprises. In Florida, Trulieve Cannabis Corp. and Green Thumb Industries Inc. are expanding their retail presence amid discussions on legalizing recreational cannabis. Verano Holdings Corp. is also increasing its footprint in Florida. These expansions reflect the growing cannabis market in the U.S.

Portfolio Pulse from Jelena Martinovic

September 23, 2024 | 8:01 pm

Barstool Sports partners with Green Thumb Industries to create cannabis-focused content, leveraging its large audience to promote GTI's brands RYTHM and Dogwalkers Prerolls. This collaboration aims to integrate cannabis into mainstream media, bypassing advertising restrictions.

Portfolio Pulse from Juan Spínelli

September 18, 2024 | 4:57 pm

On September 16, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Greenlane Holdings (NASDAQ:GNLN) with a 38.20% increase, and Tilray Brands (NASDAQ:TLRY) with a 3.45% rise. Among the losers, Global Compliance (OTC:FUAPF) saw a 28.57% drop, and 22nd Century Group (NASDAQ:XXII) fell by 8.24%.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 8:30 pm

Green Thumb Industries Inc. announced a $50 million share repurchase program, set to begin in September 2024. The company also closed a $150 million credit facility and is open to M&A and unique investments. Green Thumb's shares saw a slight increase following the announcement.

Portfolio Pulse from Jelena Martinovic

September 16, 2024 | 12:25 pm

Green Thumb Industries Inc. has secured a $150 million credit facility to strengthen its balance sheet and retire existing debt. The company plans to use the funds to invest in brand building and the future of cannabis in America. Additionally, there are rumors of a potential merger with Boston Beer, which could reshape the cannabis and beverage sectors.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 1:57 pm

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