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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As we reach mid-August 2023, the attention remains on the top US marijuana stocks, representing the country's thriving cannabis industry. This once-forbidden sector has seen a spectacular metamorphosis in the last decade, with a compound annual growth rate of more than 20%. As legalization spreads across states, the US cannabis business is expected to reach unparalleled heights, with a stunning $41 billion in revenue by 2025.

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NewLake Capital Partners delivers a dividend with a yield of around 12%. Green Thumb Industries just had its second consecutive profitable quarter.

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Marijuana legalization will solve problems for cannabis companies but it will also make some new ones. Timing the market can be a risky strategy for investors.

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It's safe to say that a lot of the shine has worn off the top cannabis stocks in the past few years. The optimism that preceded legalization hasn't translated to strong businesses generally speaking.

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CHICAGO and VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or “the Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that RISE Dispensary Fruitland Park, the Company's 8th retail location in Florida and 85th nationwide, will open on August 16th. The new dispensary will host a grand opening event on August 25th, where profits from the day will be donated to Minorities for Medical Marijuana. The grand opening will include a ribbon cutting ceremony at 8:00 a.m. ET with representatives from the Florida Chamber of Commerce.

Green Thumb to Open RISE Dispensary Fruitland Park in Florida, its 85th Retail Location in the Nation, on August 16th

Marijuana stocks are shown to be the sound investment of the future. Why is this you ask? Well, to begin the cannabis industry is still young and progressing. With this growth comes the potential to invest and become a part of an emerging company and industry. Right now there is no federal reform in place which has been the cause of certain doubts. Yet if you look at the numbers just in the US alone some states are generating high amounts of revenue.

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You would think that the CEO of a U.S. cannabis company might cite Bob Marley or Jerry Garcia on a quarterly conference call with analysts, but Green Thumb Industries CEO Ben Kovler is not running his business like other pot companies.

Green Thumb Industries posts another profit as CEO channels Warren Buffett

Green Thumb Industries Inc. (GTBIF) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.10 per share a year ago.

Green Thumb Industries Inc. (GTBIF) Q2 Earnings Lag Estimates

Green Thumb Industries Inc. (OTCQX:GTBIF) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Shannon Weaver - Vice President-Communications Ben Kovler - Founder and Chie Executive Officer Anthony Georgiadis - President Matt Faulkner - Chief Financial Officer Conference Call Participants Eric Des Lauriers - Craig-Hallum Aaron Grey - Alliance Global Partners Andrew Partheniou - Stifel Michael Lavery - Piper Sandler Sonny Randhawa - Seaport Matt Bottomley - Canaccord Scott Fortune - ROTH Capital Mike Regan - Excelsior Equities Operator Good afternoon and welcome to Green Thumb's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Green Thumb Industries Inc. (GTBIF) Q2 2023 Earnings Call Transcript

CHICAGO and VANCOUVER, British Columbia, Aug. 08, 2023 (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 second quarter ended June 30, 2023. 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 Second Quarter 2023 Results

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Most cannabis investors are looking for top marijuana stocks to buy for future profits. Now with how unpredictable the sector can be any chance to take profits should be done. But the purpose of seeing cannabis stocks as a long-term investment versus short is how the sector has changed. At this point, most of the cannabis sector was good for quick in-and-out trading.

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Marijuana stock investors are trying to remain positive about the future of the industry. The publicly traded side of the cannabis sector is continuously facing volatility. Much of this has to do with the legal landscape that surrounds the cannabis industry. Many people do acknowledge that the industry has grown to see great success. Yet with a lack of federal reform and other regulatory concerns, it left some in doubt. This doubt is more so about the fear of all the progress that has occurred over the years for legal cannabis being shut down.

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Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. Yet, with shares of many top cannabis producers and retailers down by double-digit percentages, it may be time for investors who are bullish on the sector long term to pounce on some cheap cannabis investments.

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Many cannabis companies are scaling back and trying to conserve cash. Growth rates are falling, even though new markets are opening up.

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CHICAGO and VANCOUVER, British Columbia, Aug. 01, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or “the Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that RISE Dispensary Las Vegas on Craig, the Company's 84th retail location in the nation, will open on August 2nd. The new dispensary will hold a grand opening event on September 23rd, where profits from the day will be donated to Opportunity Village. The grand opening will be a part of the Green is Our Genre, RISE Grand Opening Tour, which will stop at every RISE Dispensary in Nevada and include music, exclusive promotions, and local food trucks. The first 50 guests in line will receive 50% off their purchase, accompanied by a swag bag.

Green Thumb to Open RISE Dispensary Las Vegas on Craig, its 84th Retail Location in the Nation, on August 2nd

In today's cannabis sector finding the top marijuana stocks to buy can be tricky. The reason is due to how volatile and unpredictable the sector can be. Still with proper planning and a throughout strategy the odds of mitigating risk and maximizing returns is possible. Especially knowing that the sector is inconsistent with its trading patterns. Most marijuana stocks will react differently to various catalysts. For example, when a company releases news about a new venture or product it can trigger a rise.

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The cannabis industry is a very interesting portion of the stock market. A few years ago, cannabis stocks exploded in popularity due to investors wanting to get a piece of the next big thing.

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With earnings soon to be reported for some cannabis companies will marijuana stocks see better trading. When the cannabis sector has the right catalyst in place it oftentimes can lead to better trading. Now with cannabis stocks being in a volatile sector not all things have the same impact. For instance, reporting strong earnings could help move the sector up versus news regarding smaller topics. So far the biggest means to sell and buy marijuana has been dependant on federal reform.

Top Marijuana Stocks For Cannabis Investing Right Now

As the cannabis sector and top marijuana stocks in the United States continue to grow and expand rapidly, investors are closely monitoring the market's leading marijuana stocks. Since July 2023, the value and potential of these companies have been increasing considerably as legislative developments and growing public acceptance propel the cannabis market to new heights. In this article, we examine the top marijuana stocks in the United States and analyze their present market momentum, highlighting the key factors driving their success and providing insights into their future possibilities.

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Consumer Education and Promotions in Select Markets Call Out Anniversary of the Controlled Substances Act Consumer Education and Promotions in Select Markets Call Out Anniversary of the Controlled Substances Act

RISE Dispensaries Ironically “Celebrates” Richard Nixon with “Thanks, Dick” Campaign

Marijuana stocks have recently started to see better trading momentum. Much of this has to do with the continued push on the reform side of the sector. Currently, cannabis is legal in more than half of the United States. In addition to other global regions. Yet the main focus is the US cannabis industry due to it being the biggest market. There are more states working to legalize cannabis and establish better state-level laws and regulations.

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The US cannabis industry is facing challenges including a potential recession, over-regulation, high taxes, and a thriving black market, leading to widespread losses among cannabis companies. Despite these challenges, the industry is still growing, with sales expected to reach between $58 billion and $70 billion by 2030, and cash flow and capex trends moving in the right direction.

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Green Thumb Industries is a major player in the US cannabis industry with a strong balance sheet and significant growth potential, especially in states that have recently legalized recreational cannabis. Despite regulatory challenges and price compression in cannabis prices, GTBIF has grown its revenue from $62 million in 2018 to over $1 billion today. Declining capital expenditures and potential catalysts like SAFE Banking and rescheduling could provide a boost to the share price.

Green Thumb Industries: Future Catalysts Sum Up The Bull Case

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News for Green Thumb Industries Inc. Stock (GTBIF)