Green Thumb Industries Inc
Latest Green Thumb Industries Inc News and Updates
Wall Street Is Bullish on GTBIF Stock, Outlook in 2021
Green Thumb Industries Anticipates U.S. Listing, Marijuana Stocks Swell
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.