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

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

The financial performance of U.S. cannabis companies is outpacing their Canadian counterparts, with U.S. firms like Curaleaf, Green Thumb Industries, Trulieve, and Ascend Wellness showing more favorable EV/EBITDA and P/CFO ratios. U.S. companies are also projected to have a higher Adjusted EBITDA CAGR, driven by expanding legalization and a larger market. Canadian firms like Aurora Cannabis, Tilray, Canopy Growth, and OrganiGram face higher valuations and slower growth.

Portfolio Pulse from Nicolás Jose Rodriguez

June 25, 2024 | 11:01 pm

Several cannabis companies are approaching significant debt maturities, which could impact their financial stability and investor portfolios. Curaleaf, Cresco Labs, Green Thumb, and Ascend Wellness face substantial refinancing risks, while Vext Science, Jushi Holdings, and Cansortium have relatively moderate debt challenges. Investors should monitor these developments closely.

Portfolio Pulse from Nicolás Jose Rodriguez

June 25, 2024 | 10:34 pm

Marijuana stocks saw significant movements on Monday, with Khiron Life Sciences and CordovaCann among the top gainers. Notable gainers include Cara Therapeutics, Greenlane Holdings, and 22nd Century Group. On the losing side, Affinor Growers and Heritage Cannabis Holding experienced substantial declines.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 8:30 pm

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

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

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