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.

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

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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

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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

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

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July 22 marks the end of the public comment period for cannabis rescheduling, with a potential effective date as soon as September 22. Rescheduling is likely to move forward quickly due to the 2024 national election and the Democratic Party's support for pro-cannabis legislation. Green Thumb Industries stands out as a top performer in the cannabis industry, with consistent positive earnings, strong cash flow, and responsible funding strategies.

Cannabis Rescheduling And Green Thumb Industries: A Powerful Combination

The cannabis industry and marijuana stocks are burgeoning, attracting investors keen to tap into its growth potential. The sector has seen a remarkable expansion over recent years, driven by increasing legalization and acceptance of cannabis for both medical and recreational use. As we move into August, certain cannabis stocks are poised to perform exceptionally well. Here are the five top US marijuana stocks you should add to your watchlist for August: Trulieve Cannabis Corp. (TCNNF), Ayr Wellness Inc. (AYRWF), Curaleaf Holdings, Inc. (CURLF), Green Thumb Industries Inc. (GTBIF), and Verano Holdings Corp. (VRNOF). Each of these companies has demonstrated strong performance and potential for future growth.

Top 5 US Marijuana Stocks to Add to Your Watchlist For August 2024

Hot cannabis stocks continue to get investors' attention because the industry is experiencing secular tailwinds. With efforts to legalize cannabis in many places and a market expected to reach $75.09 billion by 2029, it's hard to ignore hot cannabis stocks.

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Marijuana stock investors are keeping an open mind towards the future of cannabis. Even with no federal reform in place, the growth of the global cannabis industry has got more people interested. Many felt that the lack of reform would lead to the sector crumbling. However, that has not been the case just in the US alone states are seeing billions of dollars in revenue.

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The reclassification of marijuana as a schedule III drug continues to move closer. The DEA continues to push to reclassify marijuana as a less dangerous drug.

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Looking to round out your portfolio with cool stock options? Consider these currently undervalued cannabis stocks.

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Investors are increasingly turning their attention to the booming US cannabis industry. The market is projected to reach $41.5 billion by 2025, reflecting a robust annual growth rate. Recent news about potential federal legalization has further fueled optimism. States like New York and New Jersey have recently legalized recreational use, adding momentum to the industry's expansion. As a result, marijuana stocks are gaining traction. This week, certain companies are standing out as potential winners. Investors should use technical analysis and proper risk management to navigate this volatile market. These tools help in making informed decisions and minimizing potential losses.

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CHICAGO and VANCOUVER, British Columbia, July 10, 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 upcoming openings of RISE Dispensary Tallahassee on Mahan, located at 2459 Mahan Drive, and RISE Dispensary Tallahassee on Tennessee, located at 1412 W Tennessee Street, on July 12. The two locations expand the Company's retail footprint to 19 Florida locations and 96 nationwide.

Green Thumb Continues Florida Expansion with the Opening of Two RISE Dispensary Locations in Tallahassee on July 12

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The cannabis market is set for significant growth, driven by increasing legalization and consumer demand. Several pot stocks are poised for high returns, reflecting broader market trends.

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Many countries and states have continued to legalize cannabis for medical and recreational use. The growth of legal cannabis has helped the expansion of the potential market size. For example, New York and New Jersey both legalized recreational. Just these 2 states alone are examples of how more places around the USA are legalizing cannabis. Many legal cannabis operators have displayed a stronger financial performance in some ways.

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The cannabis space has been buzzing of late, which makes it ideal to consider exposure to the best cannabis stocks. Germany recently hopped aboard the cannabis legalization train, joining a growing list of countries that embraced both the use and sale of cannabis.

The 3 Best Cannabis Stocks to Buy in July 2024

The cannabis industry is poised for significant growth in 2024. Furthermore, the global cannabis market is expected to reach substantial figures, with the U.S. market alone projected to hit $38.4 billion by the end of the year.

News for Green Thumb Industries Inc. Stock (GTBIF)