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

Illinois celebrated the opening of its 100th social equity-owned cannabis dispensary, highlighting its efforts to foster diversity in the cannabis industry. A state-commissioned study found that 60% of cannabis licenses were awarded to minority- or women-owned businesses. Illinois' cannabis sales have surpassed $1 billion, benefiting companies like Cresco Labs, Green Thumb Industries, and Curaleaf Holdings.

Portfolio Pulse from Patricio Liddle

July 16, 2024 | 5:19 pm

Pennsylvania's budget approval excludes recreational cannabis legalization, impacting Jushi Holdings and TILT Holdings. Both companies had invested heavily in anticipation of legalization. Jushi's stock declined, while TILT's stock saw a slight increase. The news highlights the importance of state-level decisions for the cannabis industry.

Portfolio Pulse from Nicolás Jose Rodriguez

July 16, 2024 | 2:06 am

The article reports on the stock movements of various marijuana-related companies on July 4, 2024. Notable gainers include Heritage Cannabis Holding, Global Compliance, and Greenlane Holdings, while significant losers include GreenGro Technologies and MJ Holdings.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:00 pm

On July 3, 2024, several cannabis stocks experienced significant price movements. Notable gainers included Kaya Holdings (OTC:KAYS) with a 154.44% increase and Aurora Cannabis (NASDAQ:ACB) with an 8.42% increase. Among the losers, GreenGro Technologies (OTC:GRNH) saw a 90.00% decline. The article highlights the performance of various cannabis-related stocks.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 2:59 pm

The article reports on the stock movements of various marijuana-related companies for July 2, 2024. Notable gainers include GreenGro Technologies, CordovaCann, and 1933 Industries, while significant losers include AusCann Group Holdings, iAnthus Capital Holdings, and Greenlane Holdings.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 8:30 pm

Cannabis stocks experienced significant declines on June 28, 2024, due to an IRS filing reminding taxpayers that marijuana remains a Schedule I controlled substance and is subject to tax limitations. Companies with high excess tax liabilities, such as Jushi and AYR, saw the largest stock declines, while those with minimal liabilities, like Green Thumb and Glass House Brands, experienced smaller declines.

Portfolio Pulse from Viridian Capital Advisors

July 01, 2024 | 3:52 pm

Marijuana stocks experienced a bearish Friday with notable gainers and losers. Corbus Pharmaceuticals (NASDAQ:CRBP) and Cara Therapeutics (NASDAQ:CARA) were among the few US-listed companies mentioned, with CRBP closing up 3.12% and CARA closing down 8.77%.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 8:30 pm

Florida is seeing a surge in cannabis retail activity as the state prepares for a potential legalization of recreational marijuana. Green Thumb Industries and iAnthus Capital Holdings have opened new dispensaries, while AYR Wellness and High Tide Inc. are expanding their retail footprint in other states and Canada.

Portfolio Pulse from Jelena Martinovic

June 28, 2024 | 3:05 pm

Good Day Farm and NOLA PharmaHoldings are raising $65.6 million to expand in the medical cannabis market. This move highlights the growing M&A activity in the cannabis industry, driven by valuation disparities and cost of capital advantages for larger MSOs like Curaleaf, Green Thumb Industries, and Trulieve Cannabis.

Portfolio Pulse from Nicolás Jose Rodriguez

June 26, 2024 | 5:57 pm

The article highlights recent key hires and board changes in the cannabis industry, including appointments at Canopy Growth Corporation, Acreage Holdings, Charlotte's Web Holdings, MyMD Pharmaceuticals, and board updates at TerrAscend Corp. and Nova Cannabis Inc. Wendy Berger steps down from Green Thumb Industries' board.

Portfolio Pulse from Jelena Martinovic

June 26, 2024 | 12:50 am

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