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

Green Thumb Industries (OTC:GTBIF) reported its Q3 earnings, beating estimated earnings by 25.0% with an EPS of $0.05 versus an estimate of $0.04. Revenue was up $14.20 million from the same period last year. Last quarter, the company missed on EPS which was followed by a 3.57% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 9:10 pm

Green Thumb Industries (OTC:GTBIF) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an EPS of $0.04. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $9.2, down 27.42% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 5:02 pm

Zuanic & Associates has initiated coverage on Green Thumb Industries (OTC:GTBIF) with an Overweight rating.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:07 pm

On November 3, 2023, several cannabis stocks experienced significant price movements. Notable gainers include EVIO, Choom Holdings, AusCann Group Holdings, Elixinol Wellness, and Nextleaf Solutions. On the other hand, Global Hemp Group, Rocky Mountain High, Rhinomed, Affinor Growers, and Item 9 Labs were among the biggest losers.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 9:30 pm

The Missouri Division of Cannabis Regulation has removed a recall on 15,000 products and transferred $13 million from the medical marijuana program to the Missouri Veterans Commission. Connecticut has increased transaction limits for adult-use cannabis customers. Indiana is considering the legalization of adult-use cannabis. Maryland is being urged to adopt reasonable zoning restrictions for cannabis businesses. Nevada regulators have granted conditional licenses for six more cannabis consumption lounges, including plans by Curaleaf Holdings (OTC:CURLF) and Green Thumb Industries (OTC:GTBIF).

Portfolio Pulse from Nicolás Jose Rodriguez

November 03, 2023 | 2:17 pm

Equity research firm Zuanic & Associates initiates coverage of Green Thumb (OTC:GTBIF) with an Overweight rating, citing its strong position in the MSO market, robust balance sheet, and growth potential. The firm also highlights Green Thumb's strategic positioning in states transitioning from medical to recreational sales, and its diverse portfolio of company-owned brands. The company has been actively expanding its store count and cultivation capacity. Despite the volatile nature of the cannabis industry, Green Thumb is well-positioned to benefit from the market's substantial growth.

Portfolio Pulse from Nicolás Jose Rodriguez

November 03, 2023 | 1:37 pm

Green Thumb Industries (GTBIF) has partnered with Magnolia Bakery to launch two limited-edition THC-infused chocolate bars. The products will be available at RISE Dispensaries in Illinois, Nevada, and Massachusetts from November 1st, with wider availability in these states starting the following week. This is Magnolia Bakery's first venture into the cannabis industry.

Portfolio Pulse from Nina Zdinjak

November 01, 2023 | 11:00 am

The cannabis sector experienced significant movement on October 31, 2023. Notable gainers included Choom Holdings, MPX International, and Rocky Mountain High, with shares closing up 9900.00%, 1100.00%, and 100.00% respectively. On the other hand, Global Hemp Group, EVIO, and Target Group were among the biggest losers, with shares closing down 55.11%, 50.00%, and 28.36% respectively.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:30 pm

Wu-Tang Clan's Raekwon, Charlamagne tha God, and a South Carolina civil rights lawyer have been granted a license to expand the Hashstoria dispensary in Newark, which will feature a cannabis consumption lounge. In Florida, Trulieve Cannabis Corp., Verano Holdings Corp., and Green Thumb Industries Inc. have expanded their retail footprint. Trulieve recently donated an additional $500,000 to Florida's ballot initiative to legalize recreational marijuana. Medicine Man Technologies, operating as Schwazze, announced a cannabis store-within-a-store model in Fort Collins. High Tide Inc. launched sales of recreational cannabis products and consumption accessories at its 157th Canna Cabana branded retail cannabis location in Canada.

Portfolio Pulse from Jelena Martinovic

October 31, 2023 | 2:08 pm

A coalition of U.S. cannabis operators and investors, including Verano Holdings (VRNOF), Ascend Wellness (AAWH), TerrAscend (TSNDF), and Green Thumb Industries (GTBIF), have filed a lawsuit against U.S. Attorney General Merrick Garland to block the federal government from enforcing cannabis prohibition for state-legal activity. The lawsuit argues that the Controlled Substances Act, which bars the production, distribution, and possession of marijuana, exceeds the federal government's power to regulate commerce. The plaintiffs claim that federal prohibition harms their businesses and hinders states' efforts to provide regulated and tested cannabis.

Portfolio Pulse from Maureen Meehan

October 26, 2023 | 8:59 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.