Streetbeat News

GTBIF

Green Thumb Industries Inc

https://www.gtigrows.com/

CEO

Ben Kovler

Industry

Bituminous Coal and Lignite Surface Mining

Open

6.19

Mkt cap

1.5B

Volume

165K

High

6.34

P/E Ratio

20.87

52-wk high

16.33

Low

6.19

Div yield

N/A

52-wk low

6.08

Cannabis sales are thriving in North Carolina's only legal recreational marijuana store, Great Smoky, operated by Qualla Enterprises. In Florida, Trulieve Cannabis Corp. and Green Thumb Industries Inc. are expanding their retail presence amid discussions on legalizing recreational cannabis. Verano Holdings Corp. is also increasing its footprint in Florida. These expansions reflect the growing cannabis market in the U.S.

Portfolio Pulse from Jelena Martinovic

September 23, 2024 | 8:01 pm

Barstool Sports partners with Green Thumb Industries to create cannabis-focused content, leveraging its large audience to promote GTI's brands RYTHM and Dogwalkers Prerolls. This collaboration aims to integrate cannabis into mainstream media, bypassing advertising restrictions.

Portfolio Pulse from Juan Spínelli

September 18, 2024 | 4:57 pm

On September 16, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Greenlane Holdings (NASDAQ:GNLN) with a 38.20% increase, and Tilray Brands (NASDAQ:TLRY) with a 3.45% rise. Among the losers, Global Compliance (OTC:FUAPF) saw a 28.57% drop, and 22nd Century Group (NASDAQ:XXII) fell by 8.24%.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 8:30 pm

Green Thumb Industries Inc. announced a $50 million share repurchase program, set to begin in September 2024. The company also closed a $150 million credit facility and is open to M&A and unique investments. Green Thumb's shares saw a slight increase following the announcement.

Portfolio Pulse from Jelena Martinovic

September 16, 2024 | 12:25 pm

Green Thumb Industries Inc. has secured a $150 million credit facility to strengthen its balance sheet and retire existing debt. The company plans to use the funds to invest in brand building and the future of cannabis in America. Additionally, there are rumors of a potential merger with Boston Beer, which could reshape the cannabis and beverage sectors.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 1:57 pm

The article reports on the stock movements of various cannabis-related companies on September 10, 2024. Notable gainers include CNBX Pharmaceuticals and Cara Therapeutics, while Leafbuyer Techs and Eastside Distilling were among the losers.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 8:30 pm

Ohio's adult-use marijuana market launch led to significant fines for several dispensaries due to advertising violations. The Source faced a $225,000 fine, The Botanist $162,500, and RISE Dispensaries, owned by Green Thumb Industries Inc. (OTC:GTBIF), $17,500. These fines highlight the strict regulatory environment.

Portfolio Pulse from Patricio Liddle

September 10, 2024 | 5:04 pm

Former President Donald Trump's comments on rescheduling cannabis and supporting banking reforms led to a positive reaction in cannabis stocks. Notable gains were seen in companies like Trulieve Cannabis, Green Thumb Industries, and Canopy Growth. The market's response was more modest compared to previous surges.

Portfolio Pulse from Nicolás Jose Rodriguez

September 09, 2024 | 8:49 pm

On September 9, 2024, several marijuana stocks experienced significant price movements. Notable gainers included CLS Holdings USA, Target Group, and 22nd Century Group, while major losers included Plant Based Investment and AusCann Group Holdings.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 8:30 pm

Ohio's adult-use cannabis market has seen strong demand, with sales reaching $44 million. Companies like Trulieve and Locals Cannabis report sustained customer interest. Several multi-state operators are expanding in Ohio, while lawmakers consider road safety measures.

Portfolio Pulse from Patricio Liddle

September 05, 2024 | 9:57 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.