Green Thumb Industries Inc. (GTBIF)

OTCMKTS: GTBIF · Delayed Price · USD
11.07
-0.57 (-4.90%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Market Cap 2.62B
Revenue (ttm) 1.09B
Net Income (ttm) 58.20M
Shares Out 237.03M
EPS (ttm) 0.24
PE Ratio 45.37
Forward PE 47.22
Dividend n/a
Ex-Dividend Date n/a
Volume 263,841
Open 11.33
Previous Close 11.64
Day's Range 10.77 - 11.85
52-Week Range 6.42 - 16.33
Beta 1.51
Analysts Strong Buy
Price Target 16.50 (+49.05%)
Earnings Date Aug 8, 2023

About GTBIF

Green Thumb Industries Inc. manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands. It distributes its products primarily to third-part... [Read more]

Sector Healthcare
Founded 2014
Employees 4,500
Stock Exchange OTCMKTS
Ticker Symbol GTBIF
Full Company Profile

Financial Performance

In 2023, GTBIF's revenue was $1.07 billion, an increase of 5.56% compared to the previous year's $1.02 billion. Earnings were $36.27 million, an increase of 202.78%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for GTBIF stock is "Strong Buy." The 12-month stock price forecast is $16.5, which is an increase of 49.05% from the latest price.

Price Target
$16.5
(49.05% upside)
Analyst Consensus: Strong Buy

News

Cannabis companies to appeal federal commerce clause lawsuit

A group of cannabis companies plans to appeal a lawsuit to overturn a federal prohibition on cannabis because it restricts state-legal commerce, after a judge dismissed it.

13 hours ago - Market Watch

Green Thumb Industries to Hold Second Quarter 2024 Earnings Conference Call on August 5, 2024

CHICAGO and VANCOUVER, British Columbia, July 01, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer...

1 day ago - GlobeNewsWire

3 Marijuana Stocks To Watch In July 2024

In 2024, the cannabis sector has undergone substantial growth. This has made it a pivotal year for marijuana stocks and investors alike. As legalization efforts continue to gain momentum globally, the...

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6 days ago - MarijuanaStocks

Canadian Vs. U.S. Cannabis Companies: Who Is Winning The Market Race To Weed Profits?

The financial landscapes of Canadian and U.S. cannabis operators showcase distinct paths in the quest for profitability, driven by varying market dynamics and regulatory environments. According to rec...

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7 days ago - Benzinga

3 Marijuana Stocks To Buy As A Cannabis Investor

Top marijuana stock investors are keeping a close eye on the industry. Once again it is another crucial time for the cannabis sector. With all of the politics surrounding reform, the wave of up-and-do...

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8 days ago - MarijuanaStocks

Legal cannabis sales eat into beer revenue, survey data shows

Consumer surveys in Canada and the U.S. show that alcohol consumption is down in areas where adults have the option to consume legal cannabis, Bernstein analyst Nadine Sarwat said in a research note o...

11 days ago - Market Watch

Green Thumb Grows its Retail Footprint in Florida with the Opening of RISE Dispensary New Port Richey, its 17th Retail Location in the Sunshine State, on June 21

CHICAGO and VANCOUVER, British Columbia, June 19, 2024 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Compa...

13 days ago - GlobeNewsWire

Top Marijuana Stocks For Cannabis Investing 2024

Marijuana stocks have been through many ups and downs no pun intended. The overall rise of cannabis investing and interest in cannabis as a legitimate business is growing. This has intrigued many to d...

17 days ago - MarijuanaStocks

Boston Beer merger with cannabis company Green Thumb seen as ‘low-hanging fruit': analyst

A proposal from Green Thumb Industries Inc. Chief Executive Ben Kovler to merge his company with Boston Beer Co. would capitalize on growing cannabis consumption as some alcoholic-beverage sales drop,...

Other symbols: SAM
22 days ago - Market Watch

Top Marijuana Stocks To Watch Now In June

Marijuana stocks could be on the verge of seeing more market momentum. The cannabis sector is showing large amounts of speculative trading. So far 2024 has shown better promise than any other time in ...

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22 days ago - MarijuanaStocks

Green Thumb Industries Sends Boston Beer (SAM) Proposal to Join Forces

Green Thumb Industries (GTBIF) sends Boston Beer (SAM) proposal to join forces. The Green Thumb CEO pitches a vision to create a “powerhouse of brands.

Other symbols: SAM
25 days ago - Schwab Network

Cannabis producer Green Thumb explores merger with Boston Beer, letter shows

Cannabis producer Green Thumb Industries is prepared to make an offer for a potential merger deal with U.S.-based brewer Boston Beer , according to a letter seen by Reuters.

Other symbols: SAM
4 weeks ago - Reuters

Green Thumb Industries Responds to Market Rumors

CHICAGO and VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer...

4 weeks ago - GlobeNewsWire

RYTHM Premium Cannabis Brings Back The Miracle in Mundelein Two-Day Festival with Legal On-site Cannabis Consumption

CHICAGO and VANCOUVER, British Columbia, May 29, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a national cannabis company and owner...

4 weeks ago - GlobeNewsWire

Top MSO Marijuana Stocks to Watch This Memorial Day Weekend

This Memorial Day weekend, investors are closely monitoring top U.S. MSO marijuana stocks. These multi-state operators are leading the charge in the rapidly growing cannabis industry. The U.S. cannabi...

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5 weeks ago - MarijuanaStocks

Cannabis companies continue federal legalization push despite marijuana's rescheduling

A federal lawsuit challenging nationwide restrictions on marijuana will continue despite a proposal by the U.S. government to lower the classification of cannabis to a less dangerous level of Schedule...

5 weeks ago - Market Watch

Top Marijuana Stocks To Watch The 3rd Week Of May

Marijuana stocks could see strong trading this week. The reason is all the hype and news surrounding federal reform. Right now cannabis is still federally illegal. However, with the DEA's recent annou...

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6 weeks ago - MarijuanaStocks

Pot Stocks Surge as Biden ‘Reschedules' Marijuana

A change in classification is moving closer to reality.

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6 weeks ago - Barrons

Green Thumb Industries Reports First Quarter 2024 Results

CHICAGO and VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer ...

7 weeks ago - GlobeNewsWire

3 Marijuana Stocks To Watch In May 2024

Marijuana stock investors have heavily speculated on what's to come for the industry. Right now many people are worrying about the new decision to reschedule Cannbis to a class 3 from the DEA. There a...

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2 months ago - MarijuanaStocks

Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug

Shares of cannabis companies surged on Tuesday afternoon after the U.S. Department of Justice (DoJ) moved to reclassify marijuana as a less dangerous drug.

2 months ago - Reuters

Cannabis stocks rally as AP reports imminent rescheduling proposal by DEA

Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose the lowering of cannabis to a Schedule III controlled ...

2 months ago - Market Watch

Top Marijuana Stocks For Your May Watchlist

Marijuana stock investors are caught in a transitional period. Right now a lot is going on throughout the cannabis industry that can play a major role in the future. Cannabis politics have always been...

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Green Thumb Continues its Florida Retail Expansion with Opening of RISE Dispensary Wesley Chapel, its 16th Florida Location, on April 26

CHICAGO and VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Comp...

2 months ago - GlobeNewsWire