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.

What will investors do about the future of marijuana stock investing? Well, there are several parts to this thought that could be promising. Particularly for those who are optimistic about the legal cannabis industry. Over the last several years the sector as a whole has undergone significant changes. For starters, there has been an increase in legal operators and States that have approved legalizing cannabis. Now there are more than 30 states with a legal cannabis market which has played a factor in how one would find top marijuana stocks to buy.

2 Marijuana Stocks For Your September Watchlist

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Moving into September we could see marijuana stocks have stronger trading. Now the possibility of this better trading is based on speculation. As well as volatility, in addition to reform and other areas of cannabis politics. Essentially all the same components have led to rises and falls for most marijuana stocks in the market. Nevertheless adapting to how the market performs and adjusting trading strategies is how many have been able to take profits.

Marijuana Stocks Are On Their Way To Better Trading In September

Trulieve Cannabis Corp.

Cannabis Stocks To Watch Ahead Of September 2024

The U.S. Drug Enforcement Administration (DEA) announced a delay on Monday in its final ruling on cannabis rescheduling until after the November presidential election. The decision, which has created uncertainty in the market, pits Vice President Kamala Harris, a cannabis reform advocate, against former President Donald Trump, whose vice-presidential pick is opposed to legalization.

Cannabis Stocks Plummet By Up To 16% On DEA Rescheduling Delay: Could This Be The Buying Opportunity Of 2024?

Marijuana stock investors are plagued by the same variables that have continued to fuel the sector. Unfortunately, this same cause and effect has led to its volatile trading. Now with this volatility comes pros and cons depending on the position you are in. If there is a moment where the sector begins to rise then this would be where most would take profits. On the other hand, when there is a volatile decline it is a chance to find marijuana stocks to buy.

3 Marijuana Stocks For Investors This Month

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As the cannabis industry continues to grow, US marijuana stocks are becoming increasingly popular among investors. The US cannabis market is projected to reach $41 billion by 2025, driven by expanding legalization and consumer demand. Recent headlines have highlighted ongoing discussions about federal legalization, which could further boost the industry. Investors are closely monitoring these developments, as legalization could open new markets and increase the profitability of cannabis companies. With more states legalizing marijuana, the industry is poised for significant growth in the coming years.

September Watchlist: Leading US Marijuana Stocks Poised for Growth

The US cannabis industry continues to grow, expected to reach $41.5 billion by 2025. This rapid expansion makes it essential to keep an eye on top marijuana stocks each week. Recent headlines have highlighted potential federal legalization efforts, which could further boost the industry's growth. As more states legalize cannabis, the industry's footprint is expanding rapidly. With this in mind, investors need to stay informed and ready to capitalize on new opportunities. This week, we spotlight several key US marijuana stocks with solid potential.

Top US Cannabis Stocks for September: Emerging Leaders to Watch

In a recent series of equity research reports, Pablo Zuanic of Zuanic & Associates provided a detailed analysis of the Q2 2024 performance for three major players in the cannabis industry: Verano Holdings VRNOF, Green Thumb Industries GTBIF and MariMed Inc. MRMD.

Verano, Green Thumb & MariMed's Strong Q2: Unpacking The Cannabis Earnings Surge

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Earnings from North American cannabis companies for the second quarter have been a mixed bag, with expansion into new markets, operational streamlining, and product innovation key themes across the sector. Many multi-state operations (MSOs) are turning to emerging, less saturated international markets for growth, notably, Germany, which kicked off expanded medical sales amid broader legalization measures on April 1.

Cannabis MSOs embrace new markets, streamline operations in Q2

Why do setbacks with reform and state-level regulations create issues for marijuana stocks? Well, much of this comes down to fear of the unknown. Even with over half of the USA legalizing cannabis there is still a fear of investing. Nobody wants to be left holding the bag and taking a loss. Especially when it comes to spending your own capital on it. The truth is there is a good amount of uncertainty when it comes to investing in cannabis.

2 Marijuana Stocks To Add To Your Cannabis Watchlist

Steady Financial Growth: Green Thumb Industries, or GTI, reported an 11% year-over-year revenue increase in Q2 2024, reaching $280 million, demonstrating consistent expansion in a competitive market. Improved Profitability: Green Thumb's gross margin recovered to 53.7%, easing concerns over pricing pressures and showcasing GTI's ability to maintain profitability amidst industry competition. Strategic Share Repurchases: GTI has repurchased $79 million worth of shares over the past few quarters, signaling confidence in its value and a strategic approach to shareholder returns.

Green Thumb Industries Stock: Upgrading To Buy After Stellar Q2 Results

Green Thumb Industries Inc. (GTBIF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Green Thumb Industries Inc. (GTBIF) Upgraded to Buy: Here's What You Should Know

As the US marijuana industry continues to expand, it presents significant opportunities for investors. According to recent reports, the US cannabis market is projected to reach $41.5 billion by 2025. This impressive growth is fueled by increasing legalization efforts and rising consumer demand. Therefore, for August, the three top marijuana stocks to watch are Ayr Wellness Inc. (AYRWF), Glass House Brands Inc. (GLASF), and Green Thumb Industries Inc. (GTBIF). These companies have a strong market presence and boast robust financials and promising future prospects. Consequently, keeping an eye on these stocks could be a strategic move for those looking to capitalize on the industry's growth.

Top Performing Marijuana Stocks for August 2024

Green Thumb Industries Inc. continued its run as the most consistently profitable U.S. cannabis company with a 54% increase in second-quarter earnings as it expanded its retail network.

Cannabis giant Green Thumb Industries widens profit as store count climbs

Green Thumb Industries, Inc. (OTCQX:GTBIF) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Shannon Weaver - VP, Communications Benjamin Kovler - Founder and CEO Anthony Georgiadis - President Matt Faulkner - CFO Conference Call Participants Matt Bottomley - Canaccord Genuity Eric Des Lauriers - Craig-Hallum Capital Group Pablo Zuanic - Zuanic & Associates Aaron Grey - Alliance Global Partners Frederick Smith - ATB Capital Michael Regan - Excelsior Equities Scott Fortune - ROTH Capital Partners Operator Good day, and welcome to the Green Thumb Industries Second Quarter 2024 Earnings Conference Call and Webcast. All participants will be in a listen-only mode.

Green Thumb Industries, Inc. (GTBIF) Q2 2024 Earnings Call Transcript

Green Thumb Industries Inc. (GTBIF) came out with quarterly earnings of $0.09 per share, beating 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) Q2 Earnings and Revenues Surpass Estimates

CHICAGO and VANCOUVER, British Columbia, Aug. 05, 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 June 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 Second Quarter 2024 Results

Legal Cannabis Sales to Begin at 7:00 a.m. on August 6 at RISE Dispensaries in Cleveland, Lakewood on Detroit, Lakewood on Madison, Lorain and Toledo Legal Cannabis Sales to Begin at 7:00 a.m. on August 6 at RISE Dispensaries in Cleveland, Lakewood on Detroit, Lakewood on Madison, Lorain and Toledo

RISE Dispensaries to Launch Legal Cannabis Sales at All Five RISE Ohio Locations on August 6

Innovative Industrial Properties

While legislation seems to be trailing consumer sentiment in the cannabis space, progress at the state level is creating a pathway to growth for certain businesses. Innovative Industrial Properties provides essential real estate to cannabis operators while raking in profits and regularly boosting dividends.

Prediction: These Could Be the Best-Performing Cannabis Stocks Through 2030

CHICAGO and VANCOUVER, British Columbia, July 31, 2024 (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 the opening of RISE East Syracuse, located at 6701 Manilus Center Road, on August 2. The new East Syracuse location marks five RISE Dispensaries open in New York and 97 nationwide.

Green Thumb Announces Opening of RISE Dispensary East Syracuse, Serving Patients and Adult-Use Customers in the Empire State

The US cannabis industry is experiencing rapid growth, making it an exciting sector for investors. In 2023, the market was valued at $13.2 billion, with projections that it will reach $41.5 billion by 2028. Moreover, this growth is driven by increasing legalization and acceptance of cannabis for medical and recreational use. Recently, states like New York and Virginia have moved towards full legalization, adding momentum to the industry. Additionally, as more states consider legalizing cannabis, companies are positioned for substantial expansion. Therefore, technical analysis and proper risk management are crucial for navigating this volatile market. Investors should focus on trends, support and resistance levels, and trading volumes to make informed decisions.

Top US Marijuana Stocks to Watch in August 2024

Green Thumb Industries Inc. (GTBIF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Green Thumb Industries Inc. (GTBIF) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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CHICAGO and VANCOUVER, British Columbia, July 25, 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 the expansion of Beboe , its luxury cannabis brand created for those looking for a mindful and elevated experience, into the New York market. The socially-dosed suite of Beboe cannabis products is available at all RISE Dispensaries across New York and select licensed retail partners.

Beboe Elevates New York's Cannabis Scene with Premium, Socially-Dosed Edible and Vape Offerings

Why consider a controversial sector such as cannabis stocks? Let's be real – you want to have an opportunity to make serious money.

News for Green Thumb Industries Inc. Stock (GTBIF)