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 potential rescheduling of cannabis to Schedule 3 could eliminate 280e taxes, which have been negatively impacting cannabis companies by reducing their internally funded growth and limiting their debt capacity. The elimination of 280e could save these companies around $700M annually. The article mentions Ascend Wellness (OTC:AAWH), MariMed (OTC:MRMD), Green Thumb (OTC:GTBIF), and Verano (OTC:VRNOF) as companies that could benefit from this change.

Portfolio Pulse from Viridian Capital Advisors

September 18, 2023 | 8:36 pm

Workers at Curaleaf Holdings, Inc.'s cannabis dispensary in Arizona, represented by United Food & Commercial Workers Local 99, held a peaceful rally advocating for their rights. The rally was triggered by the termination of a worker for his union activity and unilateral policy changes. The workers are demanding the reinstatement of the terminated worker and negotiations for a union contract. This follows a successful strike by workers at Green Thumb Industries Inc.'s Rise dispensaries, which resulted in a 50% wage increase.

Portfolio Pulse from Jelena Martinovic

September 18, 2023 | 4:22 pm

On September 15, 2023, several cannabis stocks experienced significant price movements. Notable gainers included Choom Holdings, MJ Holdings, Body and Mind, Cansortium, and Aurora Cannabis. On the other hand, EVIO, MPX International, Maple Leaf Green World, Global Hemp Group, and Tetra Bio Pharma were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 9:30 pm

The cannabis sector experienced a bullish sentiment on September 14, 2023, with several companies seeing significant gains in their share prices. EVIO (OTC:EVIO) led the gainers with a 4900.00% increase, followed by Global Hemp Group (OTC:GBHPF) with a 73.08% increase. However, some companies experienced losses, with Choom Holdings (OTC:CHOOF) leading the losers with a 99.00% decrease.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 9:30 pm

Maryland's cannabis market has seen a significant increase in sales since transitioning from medical to recreational use, with August sales reaching $91.7 million, up from $42.7 million in June. The top cannabis stores in the state are reportedly making $25-30 million each in sales. Maryland's regulator has issued 101 dispensary licenses and plans to release an additional 75. Publicly traded multi-state operators in the market include Ascend (OTC:AAWH), Curaleaf (OTC:CURLF), Green Thumb (OTC:GTBIF), TerrAscend (OTC:TSNDF), and Verano (OTC:VRNOF).

Portfolio Pulse from Nicolás Jose Rodriguez

September 13, 2023 | 9:52 pm

The article lists the cannabis stocks that gained and lost on September 12, 2023. Notable gainers include James E. Wagner (OTC:JWCAF), MPX International (OTC:MPXOF), and Affinor Growers (OTC:RSSFF). Significant losers include Tetra Bio Pharma (OTC:TBPMF), Global Hemp Group (OTC:GBHPF), and Rocky Mountain High (OTC:RMHB).

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 9:30 pm

The Senate Banking Committee has confirmed that the cannabis banking bill will not be voted on next week, despite previous indications. The Secure and Fair Enforcement (SAFE) Banking Act is still expected to move forward, but the timeline remains uncertain. Meanwhile, cannabis stocks like Canopy Growth, Curaleaf Holdings, Tilray Brands, Cresco Labs, Green Thumb Industries, and Trulieve rallied following the news.

Portfolio Pulse from Maureen Meehan

September 12, 2023 | 1:33 am

The cannabis sector experienced a bullish sentiment on September 11, 2023, with several stocks closing up significantly. Green Growth Brands (OTC:GGBXF) led the gainers with a 900.00% increase, followed by Affinor Growers (OTC:RSSFF) and Canopy Gwth (NASDAQ:CGC) with 175.81% and 81.37% increases respectively. On the other hand, CLS Holdings USA (OTC:CLSH) led the losers with a 38.24% decrease.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:30 pm

The cannabis sector experienced significant movement on September 8, 2023. Notable gainers included Neptune Wellness Solns (NASDAQ:NEPT) with a 3732.62% increase, GreenGro Technologies (OTC:GRNH) up 38.89%, and Canopy Gwth (NASDAQ:CGC) up 22.61%. On the other hand, MPX International (OTC:MPXOF) shares dropped by 92.00%, AusCann Group Holdings (OTC:ACNNF) fell by 71.67%, and Corbus Pharmaceuticals (NASDAQ:CRBP) decreased by 4.25%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 9:30 pm

Senate Banking Chair Sherrod Brown is optimistic about imminent banking reform for the cannabis industry. The Secure and Fair Enforcement (SAFE) Banking Act is expected to get a committee hearing in the next six months. The Department of Health and Human Services recommended that the DEA should reclassify cannabis from Schedule I to Schedule III status, which could exempt cannabis companies from IRS Code 280E and facilitate federal tax relief. Cannabis stocks rallied following the news.

Portfolio Pulse from Jelena Martinovic

September 08, 2023 | 12:06 pm

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