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

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

On August 12, 2024, several cannabis stocks experienced significant price movements. Greenlane Holdings (NASDAQ:GNLN) saw a massive increase of 316.84%, closing at $11.50. Other notable gainers included Psychemedics (NASDAQ:PMD) and Genetic Technologies (NASDAQ:GENE). On the losing side, Global Hemp Group (OTC:GBHPF) dropped 53.79%, and cbdMD (AMEX:YCBD) fell 17.18%.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 8:30 pm

On August 8, 2024, several cannabis-related stocks experienced significant price movements. Notable gainers included CordovaCann, iAnthus Capital Holdings, Psychemedics, Aurora Cannabis, and Corbus Pharmaceuticals. Conversely, Greenlane Holdings and SOL Global Investments were among the notable losers.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 8:30 pm

The article discusses key trends in the cannabis market across various states ahead of the second quarter earnings season. It highlights the performance of major players like Trulieve, Verano, Curaleaf, Green Thumb, Cresco, Ascend, and Columbia Care in states such as Florida, Illinois, Pennsylvania, Arizona, Maryland, New Jersey, Ohio, and Michigan. Federal reform expectations, IRS news on 280E, refinancing potential, and M&A strategies are identified as main drivers of sentiment.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 1:46 am

Cannabis stocks surged following the start of recreational cannabis sales in Ohio and strong earnings reports from key industry players. The AdvisorShares Pure Cannabis ETF (NYSE:YOLO) rose by 8%, while Green Thumb Industries (OTC:GTBIF) and Trulieve Cannabis (OTC:TCNNF) saw significant gains. Other multi-state operators like Verano Holdings (OTC:VRNOF), Curaleaf Holdings (OTC:CURLF), Cresco Labs (OTC:CRLBF), and Ascend Wellness Holdings (OTC:AAWH) are also set to benefit from Ohio's new regulatory environment.

Portfolio Pulse from Patricio Liddle

August 06, 2024 | 10:49 pm

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

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