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

The marijuana stock market experienced a bearish Wednesday with several stocks seeing significant changes. MGC Pharmaceuticals, Psychemedics, Body and Mind, iAnthus Capital Holdings, Nextleaf Solutions, Indiva, Leafbuyer Techs, GreenGro Technologies, CV Sciences, Kaya Holdings, 22nd Century Group, CLS Holdings USA, EnWave, and Cansortium saw gains. However, EVIO, AusCann Group Holdings, Item 9 Labs, 1933 Industries, MJ Holdings, Canopy Growth, Rocky Mountain High, C21 Investments, Cresco Labs, Curaleaf Holdings, Global Compliance, Aurora Cannabis, SOL Global Investments, Tilray Brands, Trulieve Cannabis, Zoned Properties, Cara Therapeutics, OrganiGram Holdings, Village Farms International, Cronos Group, SNDL, GrowGeneration, Green Thumb Industries, Neptune Wellness Solutions, 4Front Ventures, and Charlottes Web Holdings saw losses.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 9:30 pm

Cannabis stocks traded lower on Friday, a trend analyst Michael Berger attributes to rising interest rates. Stocks highlighted include Canopy Growth (CGC), Green Thumb Industries (GTBIF), Trulieve Cannabis Corp. (TCNNF), Curaleaf Holdings (CURLF), Tilray Brands (TLRY), Innovative Industrial Properties (IIPR), Jazz Pharmaceuticals (JAZZ), TILT Holdings (TLLTF), and CEA Industries (CEAD). Berger plans to add GTBIF, TCNNF, and TLLTF to his mock portfolio, and is monitoring the rest for potential investment opportunities.

Portfolio Pulse from Javier Hasse

October 23, 2023 | 4:19 pm

Green Thumb Industries Inc. has announced the launch of its new, Fast-Acting Pineapple Express Gummies under its cannabis brand, Incredibles. The product will be available at RISE Dispensaries and other retailers throughout Illinois from October 27. The gummies use molecular encapsulation to provide a faster onset period than traditional edibles.

Portfolio Pulse from Jelena Martinovic

October 19, 2023 | 10:01 am

The article lists the cannabis stocks that gained and lost on October 18, 2023. Notable gainers include MPX International, Target Group, and Global Compliance. Significant losers include Pharmadrug, Elixinol Wellness, and Canopy Gwth.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 9:30 pm

Pablo Zuanic, managing partner and senior analyst at Zuanic & Associates, has analyzed the capital expenditure (capex) strategies of 20 prominent cannabis Multi-State Operators (MSOs). Amid high interest rates and regulatory uncertainties, most companies are prioritizing cost reduction and cash flow management. However, Zuanic suggests that some MSOs with the resources should increase capex for profitable growth. Green Thumb (OTC:GTBIF) leads the way with a capex-to-sales ratio of 26% in 1H23, well above the group average of 6%. Other high capex players include MariMed (OTC:MRMD), 4Front (OTC:FFNTF), and Cresco (OTC:CRLBF).

Portfolio Pulse from Nicolás Jose Rodriguez

October 18, 2023 | 7:16 pm

New York's legal weed shops have generated $83 million in sales year-to-date, despite licensing issues and a thriving illicit market. The state plans to open five more retail shops and is expanding the market by opening a 60-day application window for over 1,000 new licenses. The Office of Cannabis Management (OCM) has also filed emergency regulations to expand its enforcement abilities against unlicensed cannabis retailers. Medical marijuana operators in New York, including Cannabist Company Holdings Inc, Curaleaf Holdings, MedMen Enterprises, Acreage Holdings, Green Thumb Industries, and PharmaCann, are ready to begin retail recreational sales at their existing dispensaries as early as Dec. 29.

Portfolio Pulse from Maureen Meehan

October 18, 2023 | 2:03 am

The article discusses the performance of several small-cap ETFs. United States Natural Gas Fund LP (UNG) was down 18.85% on the week, with $1.31 billion in AUM. ETFMG Prime Junior Silver Miners Fund (SILJ) was up 4.45% over the week, with $570.40 million in AUM. AdvisorShares Pure US Cannabis ETF (MSOS) was up 11.37% on the week, with $545.9 million in AUM. iShares MSCI Mexico ETF (EWW) was down 5.95% over the week, with $1.25 billion in AUM.

Portfolio Pulse from Johnny Rice

October 10, 2023 | 9:00 pm

Green Thumb Industries (OTC:GTBIF) is facing financial turbulence due to a trademark dispute with Edible Arrangements over the name 'Incredibles'. Despite claims being dismissed, GTI sought Edible to cover legal fees, but U.S. District Judge Sara L. Ellis disagreed. Additionally, GTI CEO Ben Kovler transferred 35,000 super-voting shares, a 19% drop, valued at around C$52.5 million as part of his divorce settlement, which could affect GTI's internal dynamics.

Portfolio Pulse from Nicolás Jose Rodriguez

October 05, 2023 | 2:47 am

Marijuana stocks experienced a bearish Tuesday with several stocks closing down significantly. GrowLife (OTC:PHOT) and MedMen Enterprises (OTC:MMNFF) were among the top losers, closing down 60.00% and 19.30% respectively. However, some stocks such as Khiron Life Sciences (OTC:KHRNF) and Global Compliance (OTC:FUAPF) closed up, gaining 13.33% and 11.00% respectively.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:30 pm

Green Thumb Industries Inc. (OTCQX:GTBIF) has launched the RYTHM Artist Series, a venture that combines music and cannabis culture. The series features strains selected by artists across various musical genres. Country music star Mitchell Tenpenny and pop singer Tinashe are among the first artists to collaborate in this series. Tenpenny's strain, Night Owl Haze, will be initially available at RISE Dispensaries in Florida from October 27, with further expansions into Illinois and Nevada.

Portfolio Pulse from Benzinga Cannabis

October 02, 2023 | 8:53 pm

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