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

Teamsters Local 777 has reached tentative agreements with Zen Leaf dispensaries, a subsidiary of Verano (OTCQX:VRNOF), for wage increases ranging from 17% to 20% over the next three years, paid time off, employer-funded retirement contributions, and other benefits. The union has also been active with other cannabis companies, including Green Thumb Industries (OTCQX:GTBIF).

Portfolio Pulse from Vuk Zdinjak

July 20, 2023 | 4:15 pm

An employee at Green Thumb Industries' (OTCQX:GTBIF) facility died from natural causes, according to a police report. However, the incident has raised safety concerns, with the cannabis workers union Teamster highlighting occupational hazards at the facility. The company has faced multiple complaints with the Occupational Safety and Health Administration (OSHA) alleging serious safety and health violations. The report also mentions a previous death at a Trulieve facility due to potential exposure to cannabis dust.

Portfolio Pulse from Nina Zdinjak

July 19, 2023 | 4:02 pm

The Teamsters Union has issued a statement calling on Green Thumb Industries (OTCQX:GTBIF) to address safety concerns following the death of an employee at its cultivation and manufacturing facility. The union has previously filed unfair labor practice charges against GTI, and employees have lodged at least five complaints with the Occupational Safety and Health Administration (OSHA) alleging serious safety and health violations. The union also accuses GTI of violating federal law during a union organizing drive in 2021.

Portfolio Pulse from Nina Zdinjak

July 18, 2023 | 5:25 pm

The article lists the marijuana stocks that gained and lost on July 17, 2023. The biggest gainers were Flower One Hldgs (OTC:FLOOF), Tetra Bio Pharma (OTC:TBPMF), and Global Hemp Group (OTC:GBHPF). The biggest losers were EVIO (OTC:EVIO), Craftport Cannabis (OTC:BHHKF), and Global Compliance (OTC:FUAPF).

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 9:30 pm

Illinois Governor JB Pritzker, who signed a cannabis legalization bill two years ago, will be a keynote speaker at the upcoming Benzinga Cannabis Capital Conference. The cannabis legalization law has resulted in the creation of over 30,000 jobs and positively impacted the state's economy, with weed sales reaching $1.5 billion in 2022. Some of the largest companies in Illinois' diverse cannabis industry include Cresco Labs Inc, Verano Holdings Corp., and Green Thumb Industries.

Portfolio Pulse from Maureen Meehan

July 17, 2023 | 4:29 pm

An employee at Green Thumb Industries' (OTCQX:GTBIF) cultivation and manufacturing facility in Rock Island, Illinois, died during her shift. The worker had recently changed position within the company from desk work to manufacturing. This follows Teamsters Local 777 filing additional unfair labor practice charges against Green Thumb Industries. Last year, a similar incident occurred at a Trulieve (OTCQX:TCNNF) facility where a worker died due to respiratory issues allegedly linked to cannabis dust in the air.

Portfolio Pulse from Nina Zdinjak

July 17, 2023 | 2:43 pm

The article lists the cannabis stocks that gained and lost on July 14, 2023. Notable gainers include Beleave (OTC:BLEVF), Gaby (OTC:GABLF), and Global Compliance (OTC:FUAPF). Major losers include AusCann Group Holdings (OTC:ACNNF), Target Group (OTC:CBDY), and Choom Holdings (OTC:CHOOF).

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:30 pm

The article lists the marijuana stocks that gained and lost on July 12, 2023. The biggest gainers were Radiko Holdings (OTC:GEATF), AusCann Group Holdings (OTC:ACNNF), and MPX International (OTC:MPXOF). The biggest losers were Plant Based Investment (OTC:CWWBF), Gaby (OTC:GABLF), and Kaya Holdings (OTC:KAYS).

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 9:30 pm

The International Brotherhood of Teamsters filed a complaint alleging that the Professional Technical Union, Local 33 (Pro-Tech 33) is not a bona fide labor organization. The California Agricultural Labor Relations Board (ALRB) ruled in favor of the Teamsters, declaring that any labor peace agreements with ProTech 33 are null and void. This could lead to cannabis companies that signed agreements with ProTech 33 losing their licenses. The Teamsters have been active in the cannabis industry, with recent activities involving Justice Cannabis Company, Growpacker, Amuse, and Green Thumb Industries (OTCQX:GTBIF).

Portfolio Pulse from Vuk Zdinjak

July 12, 2023 | 8:31 pm

RISE Dispensaries, owned by Green Thumb Industries Inc. (OTCQX:GTBIF) (CSE:GTII), is launching a campaign called 'Thanks, Dick' to ironically celebrate Richard Nixon’s signing of the Controlled Substances Act in 1970. The campaign aims to raise awareness about the negative impacts of the Act and advocate for a better future. The campaign will feature a promotion of 19.70% off storewide from July 14th through July 20th at participating RISE Dispensaries.

Portfolio Pulse from Vuk Zdinjak

July 12, 2023 | 11:51 am

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