Green Thumb Industries Inc

Latest Green Thumb Industries Inc News and Updates

  • Marijuana plant and Green Thumb logo
    Cannabis

    Wall Street Is Bullish on GTBIF Stock, Outlook in 2021

    Green Thumb Industries (GTBIF) stock is up sharply in 2021. What’s the forecast for GTBIF stock in 2021? Is it a good stock to buy?
    By Ambrish Shah
  • Green Thumb Industries Marijuana
    IPOs

    Green Thumb Industries Anticipates U.S. Listing, Marijuana Stocks Swell

    In the midst of a marijuana stock frenzy, Green Thumb Industries is preparing to go public in the U.S. When is the company's IPO date?
    By Rachel Curry
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    Real Estate

    Comparing the Valuation Multiples of Cannabis Stocks

    In this part of our cannabis valuation series, we’ll discuss the multiples of the remaining cannabis stocks and compare them to the peer (MJ) median of 24x.

    By Adam Jones
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    Cannabis

    Cannabis Sector 2019 Review and 2020 Outlook

    Canada legalized cannabis in October 2018, so investors expected 2019 to drive marijuana sales. However, the fate of the industry took a sharp turn.

    By Sushree Mohanty
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    Cannabis

    Cannabis Sector: A Week in Review for Sept 20

    Last week, the overall cannabis sector remained subdued. Sector ETFs, such as the Horizons Marijuana Life Sciences ETF (HMMJ), closed about 8.15% lower.

    By Adam Jones
  • uploads///marijuana covid
    Cannabis

    Could Certain Marijuana Strains Help Fight COVID-19?

    The cannabis industry is doing its own research amid COVID-19. Researchers discovered that marijuana might have properties to fight the coronavirus.

    By Sushree Mohanty
  • uploads///illinois cannabis sales
    Cannabis

    Illinois’ Cannabis Sales Soared in June: Which Stocks Will Benefit?

    Cannabis sales have been soaring in all of the US states that classified it as an “essential item” amid the pandemic. Illinois has seen tremendous growth.

    By Sushree Mohanty
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    Cannabis

    New Year Will Bring Legal Marijuana to Illinois Residents

    Marijuana products are top-rated among Americans. Illinois will see recreational marijuana products for sale on January 1.

    By Sushree Mohanty
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    Cannabis

    Marijuana Legalization: Democrats and Republicans’ Opposing Views

    Democrats and Republicans have always had opposing views about marijuana legalization. Republicans could gain voters if they support legalization.

    By Sushree Mohanty
  • uploads///aurora cannabis q results announce
    Cannabis

    Aurora Cannabis: Q3 Revenue Beat the Estimates

    Aurora Cannabis saw less of an impact from COVID-19 in the third quarter. Cannabis is an essential item amid the pandemic.

    By Sushree Mohanty
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    Cannabis

    Cannabis Stock: Why You Should Consider Green Thumb

    Cannabis is in demand now amid the pandemic, and sales are rising. US marijuana companies have seen significant revenue gains.

    By Sushree Mohanty
  • uploads///organigram delay
    Cannabis

    OrganiGram Lays Off 220 Employees, Delays Q3 Earnings

    To survive amid the current COVID-19 crisis, OrganiGram (NASDAQ:OGI) announced restructuring changes including a 25% cut in its workforce.

    By Sushree Mohanty
  • uploads///curaleaf
    Cannabis

    Is Curaleaf a Good Cannabis Pick in 2020?

    Curaleaf (OTCMKTS:CURLF) is one of the vertically integrated US cannabis companies. The company has been a top player in the US cannabis space.

    By Sushree Mohanty
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    Cannabis

    Curaleaf Plans a Nationwide Expansion of ‘Select’ Brand

    Curaleaf (OTCMKTS:CURLF) acquired a “Select” brand in February 2020. The company received positive feedback in medical and adult-use markets.

    By Rajiv Nanjapla
  • uploads///green thumb store
    Cannabis

    Green Thumb Keeps Expanding Its Operations in Las Vegas

    On June 27, Green Thumb Industries (OTCMKTS:GTBIF) opened its fifth Essence brand store in Las Vegas and its 48th retail store in the US.

    By Rajiv Nanjapla
  • uploads///canopy growth acreage holdings deal
    Cannabis

    Canopy Growth Revised Its Agreement with Acreage Holdings

    Canopy Growth entered into an agreement with US-based cannabis company Acreage Holdings last year. However, the company announced some changes.

    By Sushree Mohanty
  • uploads///acreage holdings upcoming results
    Cannabis

    Could Acreage Holdings’ Q1 Earnings Boost Its Stock?

    Acreage Holdings (OTCMKTS:ACRGF) will likely report its results for the first quarter of fiscal 2020 on Friday before the market opens.

    By Sushree Mohanty
  • uploads///illinois cannabis growth
    Cannabis

    Cannabis Market in Illinois Grows, Challenges Remain

    The growth in Illinois’s cannabis market is evident from its record sales in May. The state sold adult-use cannabis worth $44.3 million in May.

    By Sushree Mohanty
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    Cannabis

    Illinois Reports Record Recreational Cannabis Sales in May

    Illinois sold recreational cannabis worth $44.3 million in May—the highest amount since it legalized recreational sales in January this year.

    By Rajiv Nanjapla
  • uploads///cresco labs stifel canada
    Cannabis

    Why Stifel Canada Thinks Cresco Labs Is a ‘Buy’

    Cresco Labs (OTMKTS:CRLBF) started fiscal 2020 on a good note with strong first-quarter results. The company had triple-digit revenue growth.

    By Sushree Mohanty
  • uploads///green thumb industries
    Cannabis

    Green Thumb Industries Opens Its 46th Retail Store

    On Monday, Green Thumb Industries (OTCMKTS:GTBIF) opened a Rise brand store in Chambersburg, Pennsylvania—its 46th store in the US.

    By Rajiv Nanjapla
  • uploads///cresco labs ohio approval
    Cannabis

    Cresco Labs Receives Ohio Provisional Processing License

    Cresco Labs (OTCMKTS:CRLBF) is trading 1.8% higher as of 9:44 AM ET today. The company received a provisional processing license by the state of Ohio.

    By Sushree Mohanty
  • uploads///cannabis illinois
    Cannabis

    Cannabis Market Has Good Potential in Illinois

    The cannabis market in Illinois has been growing despite the COVID-19 pandemic. Illinois legalized recreational cannabis on January 1, 2020.

    By Sushree Mohanty
  • uploads///new york marijuana again
    Cannabis

    Marijuana Legalization Attempts in New York amid Protests

    George Floyd’s death has led to mass protests in the US. Notably, social injustice was one of the main motives behind legalizing marijuana.

    By Sushree Mohanty
  • uploads///medmen stores closed
    Cannabis

    MedMen Temporarily Closes Stores amid Protests

    Amid the protests following George Floyd’s death in the US, MedMen temporarily closed all of its stores. The stock fell after the news.

    By Sushree Mohanty
  • uploads///new mexico marijuana legalization
    Cannabis

    Marijuana Legalization Might Bring Economic Relief in New Mexico

    Governor Grisham thinks that marijuana is a good option to help New Mexico recover from the economic losses amid COVID-19.

    By Sushree Mohanty
  • uploads///green thumb industries good bet
    Cannabis

    Why Green Thumb Industries Is a Good Cannabis Bet

    So far in 2020, Green Thumb Industries has returned 6.0%—one of the few cannabis companies with positive returns this year.

    By Rajiv Nanjapla
  • uploads///medmen relief
    Cannabis

    Will MedMen’s Q3 2020 Earnings Be a Relief?

    MedMen Enterprises (OTCMKTS:MMNFF) is scheduled to report its financial results for the third quarter of fiscal 2020 on May 27 after the market closes.

    By Sushree Mohanty
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    Cannabis

    Canopy Growth: BofA Is Bullish before Its Q4 Earnings

    While other cannabis companies have been struggling to stay afloat, Canopy Growth launched the second wave of Cannabis 2.0 products.

    By Sushree Mohanty
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    Cannabis

    What Do Analysts Think about Tilray after Its Q1 Results?

    Tilray (NASDAQ:TLRY) posted its first-quarter earnings on May 11. The revenue growth was impressive in the first quarter.

    By Sushree Mohanty
  • uploads///hexo clock
    Cannabis

    Hexo Receives NYSE Warning for Listing, Clock Is Ticking

    On April 7, the NYSE sent a listing notification to Hexo. The warning said that the stock fell below the NYSE’s $1.00 share price continued listing standard.

    By Sushree Mohanty
  • uploads///green thumb industries
    Cannabis

    Green Thumb Industries Had a Good Start to Fiscal 2020

    Green Thumb Industries reported impressive results for the first quarter of fiscal 2020 on Thursday after the market closed.

    By Sushree Mohanty
  • uploads///texas marijuana
    Cannabis

    Could Marijuana Legalization Help Texas Recover Its Losses?

    Texas has suffered huge economic losses. Many industry experts think that marijuana legalization could be a good option to revive the state’s economy.

    By Sushree Mohanty
  • uploads///cannabis relief
    Cannabis

    Marijuana: Banking Access Included in Coronavirus Relief Bill

    Marijuana companies in the US have been struggling to get financial and banking access. Cannabis still isn’t legal at the federal level.

    By Sushree Mohanty
  • uploads///green thumb store
    Cannabis

    New Cannabis Store Opens before Green Thumb’s Q1 Earnings

    Green Thumb Industries (OTCMKTS:GTBIF) will likely report its results for the first quarter of fiscal 2020 on May 14 after the market closes. 

    By Sushree Mohanty
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    Cannabis

    Stifel Gets Bullish on the Cannabis Sector in 2020

    According to a report by Barron’s on January 7, Stifel analysts expect a rebound in the cannabis sector in the first half of 2020.

    By Margaret Patrick
  • uploads///Green Thumb
    Cannabis

    Why Is Beacon Securities Bullish on Green Thumb Industries?

    On January 3, a Cantech Letter stated that Beacon Securities analyst Russell Stanley is bullish on Green Thumb Industries.

    By Sushree Mohanty
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    Cannabis

    How Was 2020’s First Trading Day for Cannabis?

    Yesterday, Illinois debuted the sale of adult-use cannabis. Green Thumb Industries announced that it opened its first adult-use cannabis store in the state.

    By Rajiv Nanjapla
  • uploads///AdobeStock_
    Cannabis

    Illinois Wakes Up to Legalized Recreational Cannabis

    On June 25, Illinois governor J.B. Pritzker signed a bill approving marijuana use for everyone over 21 years old. The law became effective on January 1.

    By Margaret Patrick
  • uploads///cann_
    Cannabis

    Cannabis Stocks Hope to End 2019 on a High

    Today, Aurora Cannabis (ACB) was trading 11.2% higher at 12:06 PM ET. The company had lost 63.3% of its stock value YTD as of Monday.

    By Rajiv Nanjapla
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    Cannabis

    Is Green Thumb a Good Buy in December 2019?

    Green Thumb Industries (GTII) (GTBIF) is a cannabis CPG (consumer packaged goods) company and retailer with headquarters in Chicago, Illinois.

    By Margaret Patrick
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    Cannabis

    Has Supreme Cannabis’s Stock Price Bottomed Out?

    As of December 24, Supreme Cannabis was trading at 0.66 Canadian dollars. The company has lost 50% of its stock value this year. Has its stock bottomed out?

    By Rajiv Nanjapla
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    Cannabis

    What’s Driving Cannabis Stocks Today?

    Boosted by the strong performance from the broader equity market, the cannabis sector was trading in the green today.

    By Rajiv Nanjapla
  • Cannabis

    Green Thumb, Liberty Health Open New Locations

    Recently, leading cannabis companies Green Thumb Industries (GTBIF) and Liberty Health Sciences (LHSIF) launched retail stores in new locations.

    By Nivedha Elango
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    Cannabis

    Cannabis Update: GTII, KSHB, IIPR, and CTST

    Today, the cannabis sector was trading in the red, with multiple ETFs losing ground. Here, we’ll have a look at cannabis stocks that are in the news today.

    By Rajiv Nanjapla
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    Cannabis

    Do New Jersey Voters Want Marijuana Legalized in 2020?

    In November, Democratic lawmakers dropped the bill for legalizing recreational marijuana in New Jersey through the Senate.

    By Margaret Patrick
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    Cannabis

    The Cannabis Sector Continues Its Disappointing Week

    After falling for the first two days this week, the cannabis sector maintained that weakness today. Let’s look at some cannabis stocks that are in the news.

    By Rajiv Nanjapla
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    Healthcare

    Cannabis News Driving CURLF, IIPR, GTII, HEXO Today

    CNBC reports that Chinese officials aren’t confident of sealing a long-term US trade agreement. The cannabis sector was trading in the red today.

    By Rajiv Nanjapla
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    Cannabis

    CannTrust Is Up after Falling below $1

    Today CannTrust Holdings is trading at $1.30 on the NYSE, 25.60% higher than its last closing price. It’s risen even faster on the Toronto Stock Exchange.

    By Margaret Patrick
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    Cannabis

    Will Cannabis Stocks Bleed More? MKM Weighs In

    This year, the cannabis sector has been underperforming the broader equity market. Will cannabis stocks bleed more after MKM Partners’ bearish outlook?

    By Rajiv Nanjapla
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    Cannabis

    Cannabis Sector: The Week in Review for October 3

    The cannabis sector was trading in the red for the week ended October 3. The sector’s ETFs broadly ended the week in negative territory.

    By Sushree Mohanty
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    Cannabis

    Cannabis Stocks: Revisiting Their Valuations in October

    Cannabis stocks remained under pressure in September. Weak investor sentiment for the cannabis sector was a factor in the last week of the month.

    By Margaret Patrick
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    Cannabis

    Cannabis Roundup: WEED, KSHB, GTBIF, and ACB

    On October 1, the US markets were trading in the red due to weak manufacturing data. The cannabis sector also suffered from the weak manufacturing data.

    By Rajiv Nanjapla
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    Cannabis

    Cannabis Sector: A Week in Review for September 27

    Last week, ending on September 27, the cannabis sector was weighed down by the bears. Sector ETFs broadly ended the week in negative territory.

    By Adam Jones
  • uploads///cannabis
    Cannabis

    Cannabis Coverage by Cowen: Cresco, Curaleaf, Acreage

    Despite Aurora Cannabis’s subdued results, Cowen initiated coverage on five cannabis stocks: CRLBF, GTBIF, CURLF, MMNFF, and ACRGF.

    By Sushree Mohanty
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    Cannabis

    Green Thumb: Lower Target Price, Higher Valuation Multiple

    Green Thumb is still trading in the positive territory this year. The company has fallen more than 25% since its first-quarter earnings.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    Cannabis Stocks Keep Falling

    The cannabis sector has seen one of its weakest months so far this year with most stocks trading lower since the beginning of April.

    By Adam Jones
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    Industrials

    Analysts’ Ratings for KSHB, IIPR, and Green Thumb Industries

    The US cannabis industry is beginning to brew. More legislators are working to make cannabis a legal commodity at a federal level.

    By Adam Jones
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