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 article reports on the stock movements of various marijuana-related companies on August 27, 2024. Notable gainers include Elixinol Wellness and Heritage Cannabis Holding, while significant losers include Target Group and Cresco Labs.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 8:30 pm

Cannabis stocks, including Curaleaf Holdings, Trulieve Cannabis, Green Thumb Industries, Cresco Labs, and Cansortium, experienced significant declines following the DEA's delay in cannabis rescheduling. The AdvisorShares Pure US Cannabis ETF (MSOS) also dropped over 10%. Despite the downturn, analysts see potential buying opportunities amid market volatility.

Portfolio Pulse from Nicolás Jose Rodriguez

August 27, 2024 | 3:09 pm

Minnesota's upcoming cannabis licensing in 2025 faces challenges as out-of-state applicants flood the market, potentially diluting local focus. Legal experts discuss the implications for local entrepreneurs and the unique features of Minnesota's cannabis industry, including tribal-owned businesses and restrictions on vertical integration.

Portfolio Pulse from Patricio Liddle

August 24, 2024 | 3:36 pm

The cannabis market is facing volatility, with ETFs like AdvisorShares Pure US Cannabis ETF (MSOS) and its leveraged counterpart MSOX experiencing challenges due to regulatory uncertainty and underperforming stocks. However, potential regulatory reforms, such as cannabis rescheduling, offer hope for recovery.

Portfolio Pulse from Javier Hasse

August 22, 2024 | 1:00 pm

Ohio's marijuana market has seen a significant surge in sales since the legalization of recreational cannabis on August 6, 2023. In the first 12 days, sales reached $38.5 million, with a notable increase in daily sales averages. Multi-state operators like Verano Holdings, Trulieve Cannabis, Curaleaf Holdings, Acreage Holdings, and Green Thumb Industries are benefiting from this growth.

Portfolio Pulse from Maureen Meehan

August 21, 2024 | 6:31 pm

On August 20, 2024, several marijuana-related stocks experienced significant price movements. Notable gainers included Flowr, Pharmadrug, and Global Hemp Group, while significant losers included Blueberries Medical, Body and Mind, and MariMed. Emeren Group and Mexco Energy also saw notable gains.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 8:30 pm

The cannabis credit markets are seeing major refinancings with companies like Ascend, TerrAscend, and Jushi. The article emphasizes the importance of monitoring the Total Liabilities to Market Cap ratio as an early warning sign of credit difficulties. This metric is more responsive to market changes than Debt/EBITDA and is crucial for assessing financial flexibility and default risk.

Portfolio Pulse from Viridian Capital Advisors

August 19, 2024 | 5:44 pm

Pablo Zuanic of Zuanic & Associates analyzed the Q2 2024 performance of Verano Holdings, Green Thumb Industries, and MariMed Inc. Verano saw a 6% revenue increase due to strategic acquisitions, Green Thumb's revenue grew 10% with strong free cash flow, and MariMed reported a 4% revenue increase with a focus on organic growth.

Portfolio Pulse from Nicolás Jose Rodriguez

August 16, 2024 | 10:30 pm

Sackville & Co., a cannabis design company founded by Lana Van Brunt and Hayley Dineen, regained control of their company after a legal battle with 48North. They have since thrived, collaborating with high-profile clients like Curaleaf, GTI, and Cresco Labs. The company focuses on creating art-inspired cannabis accessories and is committed to social justice initiatives.

Portfolio Pulse from Rolando García

August 15, 2024 | 2:41 pm

U.S. multi-state operators (MSOs) in the cannabis industry are showing improved cost efficiency in Q2 2024, with six out of the top eight MSOs reducing their cost of goods sold (COGS) as a percentage of revenue. Companies like Green Thumb Industries, Curaleaf, Trulieve, Verano, Cresco Labs, and Ascend Wellness have managed to lower their COGS and selling, general, and administrative (SG&A) expenses, indicating better operational efficiency. However, AYR and TerrAscend faced increased COGS, highlighting operational challenges.

Portfolio Pulse from Rolando García

August 12, 2024 | 11:35 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.