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

Marijuana stocks experienced a bullish Friday with several companies posting significant gains. MGC Pharmaceuticals led the pack with a 41800.00% increase, while GrowLife saw the largest decline at 80.00%. The article lists the top gainers and losers in the sector, with notable gains from Canopy Growth, GrowGeneration, Cara Therapeutics, 22nd Century Group, Tilray Brands, and Scotts Miracle-Gro. Conversely, Neptune Wellness Solutions, Psychemedics, and Corbus Pharmaceuticals were among the notable losers.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 9:30 pm

The cannabis sector experienced significant movement on November 29, 2023, with a majority of listed companies showing gains. Notable gainers included Target Group, CNBX Pharmaceuticals, and 22nd Century Group, with increases of 84.14%, 63.64%, and 39.72% respectively. On the downside, AusCann Group Holdings, Item 9 Labs, and Pharmadrug saw their shares decline by 46.67%, 31.43%, and 21.58%. The movements reflect bullish sentiment in the cannabis space.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 9:30 pm

The New York State Cannabis Control Board (CCB) has endorsed a settlement agreement that could lead to the lifting of a court injunction blocking the opening of over 400 cannabis dispensaries. The injunction stemmed from a lawsuit by service-disabled veterans and the Coalition for Access to Regulated & Safe Cannabis, alleging unfair licensing practices by the Office of Cannabis Management (OCM) and CCB. Large marijuana companies like Acreage Holdings Inc (ACRHF), Curaleaf Holdings Inc (CURLF), and Green Thumb Industries Inc (GTBIF) were involved in a similar lawsuit earlier. The settlement's details are confidential, and court approval is pending. Industry stakeholders remain cautiously optimistic about the resolution.

Portfolio Pulse from Joana Scopel

November 27, 2023 | 11:18 pm

Zuanic & Associates' report predicts significant EBITDA growth and market cap increases for cannabis companies in key U.S. states moving towards legal recreational cannabis sales by 2025. The report highlights potential EBITDA upside for market leaders like Curaleaf, Green Thumb, Verano, and Trulieve, and substantial market cap gains for emerging players such as Cannabist and Jushi Holdings. Established operators like Acreage Holdings, Ayr Wellness, Cresco Labs, Ascend Wellness, and Green Thumb are also expected to see market cap increases. Goodness Growth Holdings is noted for its potential in Minnesota. A repeal of Tax Rule 280E could further benefit the sector by reducing effective tax rates.

Portfolio Pulse from Nicolás Jose Rodriguez

November 21, 2023 | 11:57 pm

Marijuana stocks experienced significant movement on Tuesday, with EVIO and Affinor Growers leading the gains. EVIO's shares soared by 9900.00%, while Affinor Growers' shares increased by 145.22%. Other notable gainers included Item 9 Labs, Indiva, and Body and Mind. Conversely, 1933 Industries led the losers with a 33.64% decline, followed by Rocky Mountain High and RIV Capital. The article also mentions several other companies in both the gainers and losers categories, reflecting a volatile day for cannabis-related stocks.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:30 pm

The Viridian Chart of the Week analyzes the balance between valuation and credit risk in cannabis stocks post Q3 earnings. It uses EV/2024 Consensus EBITDA estimates and a proprietary Credit Risk Score to assess attractiveness. Green Thumb (GTBIF) ranks most attractive, while Cansortium (CNTMF) and AYR (AYRWF) offer a balance of low valuation and credit risk. Curaleaf (CURLF) and Acreage (ACRDF) appear less attractive due to high valuation multiples and poor credit scores, respectively. The Viridian Cannabis Deal Tracker monitors industry capital raises and M&A activity.

Portfolio Pulse from Viridian Capital Advisors

November 20, 2023 | 7:33 pm

On November 17, 2023, several marijuana stocks experienced significant price movements. Notable gainers included EVIO, Global Hemp Group, and iAnthus Capital Holdings, with increases of 100%, 91.11%, and 49.25% respectively. Other gainers were Body and Mind, Item 9 Labs, CordovaCann, SOL Global Investments, Corbus Pharmaceuticals, GrowGeneration, and various others. On the losing side, 1933 Industries led the declines with a 37.93% drop, followed by Zoned Properties, 22nd Century Group, Charlottes Web Holdings, MedMen Enterprises, Greenlane Holdings, Khiron Life Sciences, Eastside Distilling, Cansortium, and Curaleaf Holdings.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 9:30 pm

U.S. cannabis operators reported varied Q3 results, with Green Thumb Industries (GTBIF) and Verano Holdings (VRNOF) showing strong performances, while The Cannabist Company (CBSTF) and Ayr Wellness (AYRWF) lagged. Green Thumb's revenue growth and stock buyback program, Verano's cost efficiency and revised cash flow guidance, and TerrAscend's (TSNDF) revenue growth and debt reduction were highlights. The disparities among companies underscore the importance of operational efficiency for long-term success.

Portfolio Pulse from Alexander Teicher

November 17, 2023 | 6:07 pm

Senior analyst Pablo Zuanic from Zuanic & Associates has provided a valuation assessment of US Multi-State Operators (MSOs) in the cannabis sector, considering potential federal regulatory changes and state-level legalization trends. He uses a comprehensive methodology to calculate enterprise values (EV) for MSOs, including Acreage Holdings, Ascend Wellness, Curaleaf, Green Thumb Industries, Trulieve, Cresco Labs, and Verano. The analysis is based on factors such as share counts, net debt, and contingent liabilities. The US legal cannabis market is expected to grow significantly, from $18 million in CY20 to $40 million in CY27, indicating a positive outlook for MSOs.

Portfolio Pulse from Nicolás Jose Rodriguez

November 17, 2023 | 4:01 pm

The article reports on the significant price movements of various cannabis-related stocks on November 14, 2023. It lists the gainers and losers, with notable increases in stocks such as Global Hemp Group, Elixinol Wellness, and Village Farms Intl, and significant decreases in stocks like Affinor Growers and Rocky Mountain High. The article was generated by Benzinga's automated content engine and reviewed by an editor.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 9:30 pm

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