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

New York State Senator Liz Krueger claims that large corporations are causing challenges for the state's cannabis program. She suggests that these corporations are trying to dominate the industry and are behind many lawsuits slowing the market roll-out. Among the public companies operating in New York's medical marijuana sector are The Cannabist Company Holdings Inc (CCHWF), Curaleaf Holdings (CURLF), MedMen Enterprises (MMNFF), and Acreage Holdings (ACRHF). Other companies involved in lawsuits include Green Thumb Industries (GTBIF) and Leafly Holdings (LFLY).

Portfolio Pulse from Nina Zdinjak

October 02, 2023 | 1:15 pm

Green Thumb Industries Inc. has appointed Richard Reisin and Hannah Ross to its board of directors. Canopy Growth Corporation announced the election of seven directors at its recent shareholders meeting. Goodness Growth Holdings, Inc. announced the resignation of its CFO, John Heller, effective September 30. TILT Holdings Inc. has appointed Tim Conder as its permanent CEO and Art Smuck as chair of the board.

Portfolio Pulse from Jelena Martinovic

October 01, 2023 | 2:48 am

Workers at five Sunnyside Dispensaries, a subsidiary of Cresco Labs Inc., have reached tentative agreements for first union contracts with Teamsters Local 777. The contracts include significant improvements such as an end to at-will employment, the right to representation during disciplinary matters, and 15% wage increases over the agreement's lifetime. Meanwhile, employees of Dragonfly Wellness, a medical marijuana dispensary in Salt Lake City, voted to join the United Food and Commercial Workers (UFCW).

Portfolio Pulse from Jelena Martinovic

September 29, 2023 | 1:05 pm

Industry experts at the Benzinga Cannabis Capital Conference emphasized the importance of professionals with mainstream industry experience in the cannabis sector. Susan Thronson, a board member at Trulieve Cannabis Corp, highlighted the need for adaptability in the rapidly changing cannabis landscape. The panel also discussed the challenges of state-by-state legislation and the need for diversity in the industry.

Portfolio Pulse from Jelena Martinovic

September 28, 2023 | 11:51 pm

The New York cannabis market has been facing challenges since its launch last year, including lawsuits, illegal operators, and high taxes. The Coalition for Access to Regulated and Safe Cannabis (CARSC) filed a lawsuit against the OCM for allegedly violating MRTA by reserving the first 150 retail licenses for social equity applicants. The lawsuit includes large marijuana companies Acreage Holdings (OTCQX:ACRHF), Curaleaf Holdings (OTCQX:CURLF), Green Thumb Industries (OTCQX:GTBIF), and PharmaCann. Despite these challenges, industry experts remain optimistic about the market's potential.

Portfolio Pulse from Nina Zdinjak

September 28, 2023 | 8:58 pm

Illinois Governor JB Pritzker will be a keynote speaker at the Benzinga Cannabis Capital Conference, discussing the state's successful legalization of marijuana. Key players in the Illinois market, including Cresco Labs Inc, Verano Holdings Corp, and Green Thumb Industries Inc, have created 30,000 jobs and helped the state's marijuana sales reach $1.5 billion in 2022.

Portfolio Pulse from Jelena Martinovic

September 28, 2023 | 1:44 pm

The cannabis sector experienced mixed performance on September 26, 2023, with several stocks seeing significant gains while others suffered losses. Notable gainers include GreenGro Technologies, Rocky Mountain High, iAnthus Capital Hldgs, and Urban-gro. On the other hand, Choom Holdings, Heritage Cannabis Holding, Nextleaf Solutions, and Pharmadrug were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 9:30 pm

Zuanic & Associates has analyzed the financial net debt metrics of 20 multi-state operators (MSOs) in the cannabis industry to identify potential candidates for equity raises or debt restructuring. Trulieve and Curaleaf have the highest net debt among the group. The report also includes income tax payables, gross leases, and warrant derivative liabilities in its definition of net debt, revealing that Curaleaf, Cresco, and Trulieve hold the highest absolute 'broad' net financial debt. Several MSOs, including Acreage, Ascend Wellness, AYR, Columbia Care, 4Front, iAnthus, Jushi, StateHouse, and TerrAscend, present a higher probability of needing equity raises.

Portfolio Pulse from Nicolás Jose Rodriguez

September 21, 2023 | 2:55 pm

Several marijuana stocks experienced significant price movements on September 19, 2023. Notable gainers include Maple Leaf Green World, Heritage Cannabis Holding, Charlottes Web Holdings, MJ Holdings, Leafbuyer Techs, GreenGro Technologies, Cara Therapeutics, and 1933 Industries. On the other hand, stocks such as Target Group, AusCann Group Holdings, Item 9 Labs, Kaya Holdings, Curaleaf Holdings, Indiva, Greenlane Hldgs, Trulieve Cannabis, CNBX Pharmaceuticals, Cresco Labs, Canopy Gwth, Body and Mind, CLS Holdings USA, 4Front Ventures, Trees, MedMen Enterprises, Khiron Life Sciences, Zoned Props, CV Sciences, Pharmadrug, C21 Investments, Neptune Wellness Solns, GrowGeneration, Green Thumb Industries, 22nd Century Group, Tilray Brands, MariMed, and Village Farms Intl closed down.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on September 18, 2023. Notable gainers include EVIO, 1933 Industries, and Target Group. Significant losers include Green Growth Brands, Rhinomed, and GrowLife.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 9:30 pm

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