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

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

Cannabis stocks experienced significant volatility following President Joe Biden's announcement that he will not seek re-election. Some stocks surged while others plummeted, reflecting investor sentiment and market speculation about future regulatory changes. Cannabis ETFs also showed mixed performance, indicating cautious optimism among investors.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 6:12 pm

Cannabis sales are booming in states like California and Michigan, with significant contributions from public companies such as Ascend Wellness Holdings, Grown Rogue International, TerrAscend Corp., and Red White & Bloom Brands. Michigan has surpassed California in unit sales, while Illinois, Massachusetts, and Missouri also report strong sales figures.

Portfolio Pulse from Jelena Martinovic

July 22, 2024 | 1:26 pm

Ohio's Division of Cannabis Control (DCC) has issued its first batch of dual-use certificates, allowing four cultivators and six processors to enter the state's newly legalized adult-use cannabis market. Key players like Riviera Creek Holdings and Pure Ohio Wellness have received these certifications. Green Thumb Industries Inc (OTC:GTBIF) is also among the recipients. The DCC plans to issue dual-use licenses to dispensaries starting September 7, with sales dependent on each dispensary's readiness.

Portfolio Pulse from Franca Quarneti

July 20, 2024 | 12:30 pm

The article reports on the stock movements of various marijuana-related companies for July 19, 2024. Notable gainers include Green Growth Brands, Rocky Mountain High, and OrganiGram Holdings. Significant losers include Global Hemp Group, Elixinol Wellness, and Urban-gro.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 8:30 pm

On July 17, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Heritage Cannabis Holding (OTC:HERTF), Elixinol Wellness (OTC:ELLXF), and EnWave (OTC:NWVCF). On the other hand, MJ Holdings (OTC:MJNE) and CordovaCann (OTC:LVRLF) were among the biggest losers. Urban-gro (NASDAQ:UGRO) also saw a decline.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 8:30 pm

Canadian cannabis companies outperformed their American counterparts last week, with significant gains in stock prices for companies like Aurora Cannabis, Tilray Brands, Cronos Group, Organigram, and Canopy Growth. In contrast, American multi-state operators showed more modest gains. The U.S. cannabis market presents a significant risk-reward opportunity, particularly for MSOs, despite regulatory challenges.

Portfolio Pulse from Rolando García

July 16, 2024 | 10:25 pm

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