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

Needham analyst Matt McGinley has reiterated a Buy rating on Green Thumb Industries (OTC:GTBIF) and maintained a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:37 am

As Ohio begins recreational cannabis sales on August 6, Pablo Zuanic of Zuanic & Associates has initiated coverage of Vext Science (OTC:VEXTF) with an Overweight rating, citing significant growth potential. Zuanic projects Vext's EBITDA could grow six-fold by CY26. The Ohio market is expected to reach $2.36 billion by 2026. Despite trading in line with the MSO average, Vext's stock valuation does not yet reflect the expected EBITDA ramp. Other MSOs mentioned include Acreage (OTCQX:ACRHF), Cannabist (CSE:CCHW), Ascend (OTC:AAWH), Cresco (OTC:CRLBF), Green Thumb (OTCQX:GTBIF), and MariMed (OTCQB:MRMD).

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:52 pm

Green Thumb Industries Inc. (OTC:GTBIF) reported strong Q2 2024 financial results with an 11% increase in revenue to $280 million, a net income of $20.7 million, and an adjusted EBITDA of $94 million. The company also repurchased shares worth $20 million and opened new dispensaries, contributing to its market expansion. However, rising costs and regulatory challenges remain areas to watch.

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:15 pm

Ohio will begin recreational cannabis sales on Tuesday, Aug. 6, with nearly 100 medical marijuana dispensaries receiving licenses to sell to adults over 21. Major multi-state operators like Verano Holdings, Trulieve, Curaleaf, and Green Thumb Industries are among those opening dispensaries in the state.

Portfolio Pulse from Maureen Meehan

August 05, 2024 | 8:44 pm

The article reports on the significant gainers and losers among cannabis stocks on August 5, 2024. Notable gainers include Greenlane Holdings (NASDAQ:GNLN) with a 675.28% increase, and notable losers include Heritage Cannabis Holding (OTC:HERTF) with a 33.33% decrease.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 8:30 pm

Green Thumb Industries (OTC:GTBIF) reported Q2 2024 earnings per share (EPS) of $0.09, beating the analyst estimate of $0.05 by 80%. The company also reported sales of $280.147 million, surpassing the $277.298 million estimate. This represents an 11% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:12 pm

New York's cannabis market is expanding as officials crack down on illegal sales, boosting the legal market. Curaleaf and Green Thumb Industries are opening new dispensaries in New York. Other states and Canada are also seeing new cannabis store openings by companies like Verano Holdings, Trulieve Cannabis, and High Tide.

Portfolio Pulse from Jelena Martinovic

August 04, 2024 | 2:46 pm

Ohio is nearing the launch of its recreational cannabis market, with 34 medical cannabis businesses approved to expand into adult-use sales. Key players like Riviera Creek, Pure Ohio Wellness, and Green Thumb Industries Inc (OTC:GTBIF) are ramping up production. However, sales are pending until dispensaries receive dual-use licenses by September 7. House Bill 230, introducing oral fluid tests for impaired drivers, has sparked controversy over its reliability.

Portfolio Pulse from Patricio Liddle

July 31, 2024 | 9:11 pm

Cannabis stocks and ETFs saw significant movement following President Joe Biden's announcement that he will not seek re-election. Key stocks like Aurora Cannabis, Village Farms International, Tilray Brands, and SNDL experienced notable gains. Multi-state operators and cannabis ETFs also saw positive performance.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 10:12 pm

On July 22, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Leafbuyer Techs (OTC:LBUY) with a 3900% increase, Canopy Growth (NASDAQ:CGC) up 17.25%, and GrowGeneration (NASDAQ:GRWG) up 13.03%. Among the losers, Pharmadrug (OTC:LMLLF) fell by 31.25%, and 22nd Century Group (NASDAQ:XXII) dropped by 9.87%.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 8:30 pm

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