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

Florida's cannabis legalization amendment has shattered fundraising records, with Smart & Safe Florida raising over $40 million. Trulieve (OTCQX:TCNNF) has been the largest donor, contributing over $54 million. Other cannabis companies like Verano Holdings (OTCQX:VRNOF), Curaleaf Holdings (OTCQX:CURLF), AYR Wellness (OTCQX:AYRWF), Cresco Labs (OTCQX:CRLBF), and Green Thumb Industries (OTCQX:GTBIF) have also contributed. Despite opposition from Gov. Ron DeSantis, the amendment has strong public support.

Portfolio Pulse from Maureen Meehan

June 24, 2024 | 12:53 pm

The U.S. cannabis market presents a significant investment opportunity, particularly for multi-state operators (MSOs) like Green Thumb Industries, Curaleaf, Trulieve, Verano, and Cresco. Despite current market volatility and challenges, the potential rescheduling of cannabis and the passage of the SAFER Banking Act could drive substantial growth. The AdvisorShares Pure US Cannabis ETF (MSOS) includes these key players, which are well-positioned for long-term growth.

Portfolio Pulse from Javier Hasse

June 18, 2024 | 8:11 pm

Cannabis stocks showed significant movement on June 17, 2024, with notable gainers including Maple Leaf Green World, Rocky Mountain High, and Psychemedics. Conversely, Elixinol Wellness, Cann Gr, and Cara Therapeutics were among the biggest losers.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 8:30 pm

The article compares the YTD stock performance of two baskets of cannabis-related stocks: top five MSOs and top five cannabis lenders. The lender group outperformed the MSO basket and the MSOS ETF. The article suggests diversification in cannabis investments, highlighting the stability of lenders and the potential upside of MSOs.

Portfolio Pulse from Viridian Capital Advisors

June 17, 2024 | 6:13 pm

The medical cannabis packaging market is projected to grow from $6.5 billion in 2023 to $117.2 billion by 2032, driven by sustainability and compliance. Key players include Curaleaf Holdings, Green Thumb Industries, Canopy Growth Corp., Tilray Brands, Aurora Cannabis, and Cronos Group.

Portfolio Pulse from Patricio Liddle

June 17, 2024 | 5:54 pm

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE:CNBS), discusses the growth potential in the cannabis sector, emphasizing the importance of strategic partnerships, operational efficiencies, and the burgeoning U.S. hemp cannabinoid market. He highlights companies like Curaleaf, Green Thumb Industries, and Trulieve for their strong market positions and governance. Seymour also notes British Tobacco's investment in Organigram as a strategic move to expand international market reach.

Portfolio Pulse from Nicolás Jose Rodriguez

June 17, 2024 | 1:26 pm

Green Thumb Industries Inc. (OTCQX:GTBIF) held its 2024 Annual General Meeting, electing seven directors and approving executive compensation. The company also appointed Baker Tilly as its auditor. Despite a recent 3.20% decline in stock price, GTBIF has seen a 56.54% increase over the past year.

Portfolio Pulse from Rolando García

June 14, 2024 | 5:25 pm

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

Maryland's cannabis market offers valuable insights for Ohio as it transitions to recreational sales. Key takeaways include stable sales, high prices, and significant market share held by public multi-state operators like Green Thumb, Curaleaf, and Verano. Ohio can learn from Maryland's experience to anticipate challenges and opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

June 10, 2024 | 11:20 pm

The article reports on the stock movements of various marijuana-related companies for June 7, 2024. Notable gainers include CordovaCann, Cansortium, and Psychemedics, while significant losers include AusCann Group Holdings, Greenlane Holdings, and Corbus Pharmaceuticals.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:30 pm

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