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

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

Zuanic & Associates released reports on Verano Holdings, TILT Holdings, MariMed Inc., and Green Thumb Industries, analyzing their Q3 results and future outlook. Verano anticipates a 4Q decline due to various factors but shows positive cash flow trends. TILT exceeded 3Q expectations and is positioned for growth with new partnerships. MariMed's 4Q guidance is reduced due to expansion delays but has a positive outlook for CY24. Green Thumb's 3Q update lacks sales guidance for 4Q, but increased capital expenditures may boost 1H24 growth.

Portfolio Pulse from Nicolás Jose Rodriguez

November 14, 2023 | 8:58 pm

The recent earnings reports from eight major Multi-State Operators (MSOs) in the cannabis industry show mixed results on revenue and EBITDA, but the standout detail is the positive Cash Flow from Operations (CFFO) in Q3. Most companies beat consensus projections for CFFO, with tax deferrals being a significant driver. Investors are advised to focus on CFFO rather than revenue or EBITDA, and to distinguish between repeatable cash flows and future cash outflows due to deferred payments. The Viridian Cannabis Deal Tracker provides insights into capital raise and M&A activity in the cannabis sector.

Portfolio Pulse from Viridian Capital Advisors

November 13, 2023 | 4:47 pm

The article reports significant movements in marijuana stocks on November 10, 2023. Notable gainers include GrowLife, Affinor Growers, and Belgravia Hartford Cap with increases of 400%, 146.39%, and 134.38% respectively. Corbus Pharmaceuticals and Psychemedics also saw substantial gains. On the losing side, Green Growth Brands experienced a significant drop of 90%. The movements reflect the volatile nature of the marijuana industry and could be influenced by regulatory news, earnings reports, or market sentiment.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 9:30 pm

Green Thumb Industries Inc. reported Q3 2023 financial results, with a net income of $11 million and total revenue of $275.4 million, up 5.4% YoY. The revenue increase was primarily driven by increased sales in Maryland following the legalization of adult-use cannabis. The company also reported an adjusted EBITDA of $83 million and repurchased $25 million worth of shares during the quarter.

Portfolio Pulse from Joana Scopel

November 09, 2023 | 1:54 am

The article lists the cannabis stocks that gained and lost on November 8, 2023. Notable gainers include EVIO, Psychemedics, 4Front Ventures, and Corbus Pharmaceuticals. On the other hand, significant losers include Item 9 Labs, CNBX Pharmaceuticals, Kaya Holdings, and Auxly Cannabis Group.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 9:30 pm

Ohio has become the 24th state to legalize recreational cannabis, causing a surge in cannabis stocks. AdvisorShares Pure Cannabis ETF (YOLO) saw a more than 5% increase in value. Other cannabis companies such as Green Thumb Industries Inc (GTBIF), Cresco Labs Inc (CRLBF), TerrAscend Corp (TSNDF), and Cannabist Company Holdings Inc (CBSTF) also experienced changes in their stock prices.

Portfolio Pulse from Patricio Liddle

November 08, 2023 | 9:13 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.