Green Thumb Industries Inc.

Earnings data Q3 2024

Earnings data Q4 2024

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Green Thumb Industries, Inc. engages in the manufacture and distribution of branded cannabis products. It operates through the Retail and Consumer Packaged Goods segments. The company was founded by Benjamin Kovler and Max Cohen on February 18, 2002 and is headquartered in Chicago, IL.

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Marijuana stocks stand a good chance of seeing better trading in the near future. The reason for this is that when a new year begins, the chance to enact reform starts all over. Also, with a new president set to take office, this has a huge impact on the sector and the industry as a whole, specifically in the USA. Many feel once federal reform is put into place, it will restore momentum and lessen volatility. The safer investors feel the more confident they will become to trade more often. Many at this time see cannabis stocks as a long-term play.

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The cannabis industry faces potential challenges in 2025 due to significant debt maturities and uncertain political climate. GTI highlighted as the most consistent performer while Verano is also favored for its undervaluation and strategic execution.

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Over the past month, cannabis stocks have experienced a significant pullback, leaving investors questioning the reasons behind this trend. Various factors, including regulatory uncertainty, market saturation in certain regions, and economic headwinds, have contributed to the decline. Despite these challenges, the long-term outlook for the cannabis industry remains promising. Experts predict that the global cannabis market could exceed $100 billion in annual revenue within the next five years, driven by ongoing legalization efforts and growing consumer acceptance.

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The cannabis sector's Q3 performance has been a mixed bag, but two companies stood out for their exceptional financial performance: Green Thumb Industries GTBIF and Glass House Brands GLASF.

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More people are looking for ways to invest in legal cannabis. This interest has led most marijuana stocks to learn about the various companies. Back in November, many marijuana stock companies reported their Q3 earnings, with some having strong reports. At this time, volatility lowered and the upward momentum increased for a short window. Often with how unpredictable the sector can be, there is a strong volatile presence.

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The cannabis industry has experienced significant turbulence in recent months. Following years of exponential growth, driven by increasing legalization and expanding consumer acceptance, the sector is now grappling with a substantial pullback. This downturn stems from regulatory challenges, market saturation in key regions, and shifting investor sentiment. However, despite recent setbacks, the long-term growth potential remains promising.

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Over the last several years, the cannabis industry has experienced a significant change. The industry has ripened from a stigmatized market to one of the fastest-growing sectors in the economy. As legalization efforts continue and societal perspectives shift, investing in cannabis stocks is an enticing opportunity for forward-thinking investors. Here's a glimpse at why marijuana stocks illustrate the tomorrow of investing and how the legal market continues to develop.

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Marijuana stocks are still facing a fair amount of volatile trading. Some feel this is due to several reasons one being an ongoing concern. The first is the passing of the Presidential election and what will take place for the cannabis industry under Donald Trump. As well it is the Holiday season so things can be a bit crazy inside and out of the sector. Now the bigger ongoing issue of federal reform and the future of the sector is what many are worried about.

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With cannabis stocks showing steep losses this year on stalled legalization on the U.S. federal level, some companies in the sector are turning to the more thinly-regulated business of THC derived from hemp as a way to potentially excite Wall Street with new revenue streams.

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CHICAGO and VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced it received principal and cash interest payments related to a prior loan to Cansortium Inc. (CSE:  TIUM.U) (OTCQB:  CNTMF) (“Cansortium”). Following Cansortium's recent financing, Green Thumb received approximately $23 million of principal plus 13% accrued interest, adding to its Q3 ending cash balance of $174 million.

Green Thumb Industries Repaid on Cansortium Loan

I am bullish on Green Thumb Industries Inc. (GTBIF) due to its consistent revenue growth, strong balance sheet, and aggressive expansion efforts. GTBIF's revenue has grown YoY for seven quarters, despite turbulent profitability, driven by new store openings and market expansion. The company's strong balance sheet, low debt-to-equity ratio, and positive EVA indicate financial health and efficiency, supporting future growth.

Green Thumb: Consistent Growth, Positive EVA, And Bullish Outlook, Buy

Green Thumb's retail footprint surpasses 100 locations nationwide with the opening of its 11th location in Nevada and 8th location in Minnesota on Saturday, November 23.

Green Thumb Expands National Retail Footprint to Over 100 Stores Nationwide with the Opening of RISE Carson City on US HWY 50 in Nevada and RISE Brooklyn Park in Minnesota

Q3 earnings reveal widespread concerns in the cannabis sector, with stagnated growth, shrinking margins, and diminished cash flow despite new markets like Ohio. Green Thumb Industries (GTI) stands out for disciplined capital allocation and strong performance, suggesting potential long-term value despite sector challenges.

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The US cannabis industry continues to show resilience, with steady growth despite recent challenges. The industry is valued at approximately $30 billion and is projected to exceed $50 billion by 2030. Recent pullbacks in marijuana stocks created opportunities for investors, especially as some stocks have rebounded with notable upside. Headlines regarding federal legalization efforts, including bipartisan discussions about the SAFE Banking Act, have added momentum. These developments fuel optimism for broader regulatory reform. Investors are now closely monitoring stocks with strong fundamentals and market positions. Proper research using technical analysis can help identify entry points. Moreover, understanding support and resistance levels and price trends is crucial for informed decision-making.

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If controversial Republican Matt Gaetz manages to win confirmation as attorney general, his tenure at the Justice Department is expected to be positive for the cannabis industry.

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In the latest cannabis market analysis from Beacon Securities , three major multi-state operators (MSOs) Village Farms, Green Thumb Industries, and Jushi Holdings—demonstrate distinct strategies for navigating the challenging landscape.

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The US cannabis market recently experienced a notable pullback, creating fresh opportunities to watch top marijuana stocks. With a potential shift in federal reform under a Republican-led government, investors are increasingly optimistic about the industry's regulatory future. The US cannabis industry, currently valued at over $30 billion, is projected to grow by nearly 15% annually. This growth underscores its resilience and potential for expansion as more states consider legalization. Recent headlines on state-level legalization and discussions on federal reform continue to highlight the sector's momentum. Although challenges remain, the long-term outlook is promising.

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Green Thumb's Ben Kovler says the big drop in canna stocks this week isn't causing the Chicago-based company to change course.

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Green Thumb Industries, Inc. (OTCQX:GTBIF) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Corporate Participants Ben Kovler - Founder and Chief Executive Officer Anthony Georgiadis - President Matt Faulkner - Chief Financial Officer Conference Call Participants Matt Bottomley - Canaccord Genuity Aaron Grey - Alliance Global Partners Pablo Zuanic - Zuanic & Associates Mike Regan - Excelsior Equities Howard Penney - Hedgeye Operator Good day and welcome to Green Thumb Industries Third Quarter 2024 Earnings Conference Call and Webcast. All participants will be in a listen-only mode.

Green Thumb Industries, Inc. (GTBIF) Q3 2024 Earnings Call Transcript

Green Thumb Industries Inc. (GTBIF) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.05 per share a year ago.

Green Thumb Industries Inc. (GTBIF) Misses Q3 Earnings Estimates

CHICAGO and VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc.  (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of  RISE Dispensaries , today reported its financial results for the quarter ended September 30, 2024. Financial results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and all currency is in U.S. dollars.

Green Thumb Industries Reports Third Quarter 2024 Results

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North Dakota and South Dakota also failed in their efforts to legalize cannabis for recreational use, while a medical measure passed in Nebraska.

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With Donald Trump as our newly elected president, how will marijuana stocks react? At this time many are concerned that Trump will not consider cannabis reform the way Kamala Harris might have. Which would be to push for federal reform and finally legitimize cannabis the way it should be, especially with more than half of the United States having legalized cannabis already.

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The cannabis sector is developing a lot faster than some may have anticipated. This has fueled market potential and industry growth. More and more places around the globe have been legalizing cannabis But what does this mean for those who are invested in marijuana stocks? As things push forward there has been its fair share of ups and downs investors have been trying to capitalize on.

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Is there a need to fear marijuana stock investing even after all the growth and progress? Some may still have their doubts but you can not deny how far along things have come in the last 5 years. Over half of the United States legalized cannabis. Canada became the first G7 nation to pass reform as well. More and more places around the globe are joining the green rush expanding the cannabis industry and opportunity even further.

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