Streetbeat News

GTII

Global Tech Industries Group Inc

Employees

Industry

Facilities Support Services

Open

0.19

Mkt cap

31M

Volume

700

High

0.19

P/E Ratio

-0.30

52-wk high

0.33

Low

0.09

Div yield

N/A

52-wk low

0.00

Green Thumb Industries Inc. (OTCQX:GTBIF) is set to release its Q3 2024 financial results on November 7, 2024. The company is focusing on operational efficiency, market expansion, and long-term value creation. It recently announced a $50 million share repurchase program and closed a $150 million credit facility. Green Thumb's shares are trading slightly higher.

Portfolio Pulse from Jelena Martinovic

October 03, 2024 | 11:53 pm

Cannabis sales are thriving in North Carolina's only legal recreational marijuana store, Great Smoky, operated by Qualla Enterprises. In Florida, Trulieve Cannabis Corp. and Green Thumb Industries Inc. are expanding their retail presence amid discussions on legalizing recreational cannabis. Verano Holdings Corp. is also increasing its footprint in Florida. These expansions reflect the growing cannabis market in the U.S.

Portfolio Pulse from Jelena Martinovic

September 23, 2024 | 8:01 pm

Viridian Capital introduces new metrics for evaluating cannabis MSOs, focusing on Total Liabilities/Market Cap and adjusted net debt including leases and taxes. This approach aims to provide a more accurate financial picture than traditional Debt/EBITDA ratios.

Portfolio Pulse from Viridian Capital Advisors

September 23, 2024 | 5:36 pm

Viridian Capital Advisors highlights the importance of considering hidden debt in cannabis company valuations. Companies like Planet 13 Holdings and MariMed saw valuation increases when hidden debts were factored in, while others like Schwazze and Green Thumb Industries showed minimal changes, indicating cleaner balance sheets.

Portfolio Pulse from Nicolás Jose Rodriguez

September 22, 2024 | 4:19 pm

Green Thumb Industries Inc. announced a $50 million share repurchase program, set to begin in September 2024. The company also closed a $150 million credit facility and is open to M&A and unique investments. Green Thumb's shares saw a slight increase following the announcement.

Portfolio Pulse from Jelena Martinovic

September 16, 2024 | 12:25 pm

Green Thumb Industries Inc. has secured a $150 million credit facility to strengthen its balance sheet and retire existing debt. The company plans to use the funds to invest in brand building and the future of cannabis in America. Additionally, there are rumors of a potential merger with Boston Beer, which could reshape the cannabis and beverage sectors.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 1:57 pm

The U.S. Cultivation & Retail cannabis sector is experiencing increased debt issuance in H2:24, primarily for refinancing activities. Companies like Ascend, Jushi, and Terrascend have secured attractive rates despite high debt levels. The effective cost of debt has decreased significantly, and further tightening of spreads is anticipated.

Portfolio Pulse from Viridian Capital Advisors

August 26, 2024 | 2:50 pm

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

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

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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