Green Thumb Industries Stock News

CNBC's Tim Seymour returns to talk cannabis investing within current market conditions.

Nick Gastevich, one of our favorite commenters on Seeking Alpha, returns to the show to catch us up on the state of cannabis investing.

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The cannabis company delivered another strong quarter when it released earnings earlier this month.

Cannabis Industry Growth Will Return In Second Half Of 2022

Both these multistate operators are expanding aggressively, but who has the upper hand?

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Both these multistate operators are expanding aggressively, but who has the upper hand?

Verano: Get This Profitable Cannabis Player At A Special Discount

Wes Moore resigned from Green Thumb Industries Inc. (OTCQX: GTBIF ) (CSE: GTII) board of directors. Moore joined Green Thumb’s board of directors in 2018 and served on the audit and compensation committee. “On behalf of our entire team, I’d like to thank Wes for his many contributions to Green Thumb,” stated Founder and CEO Ben Kovler . “As an entrepreneur, executive, combat veteran and social advocate, Wes has provided us with invaluable perspective and leadership, and we appreciate his dedication to our mission and his dedication to equity in the industry and social justice.” Wes Moore … Full story available on Benzinga.com

With growing revenue and profits, Green Thumb Industries is set for some aggressive expansion this year.

With growing revenue and profits, Green Thumb Industries is set for some aggressive expansion this year.

Despite the uncertainty in the cannabis space, there are smart investments to be made now that will pay off for years to come.

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Cannabis earnings season took off last week mostly to the delight of many marijuana-focused investors when reports from two large multi-state operators – Curaleaf (OTCQX: CURLF ) and Green Thumb Industries (OTCQX: GTBIF ) - provided a tad of optimism and some realistic explanation as to what is affecting their financials. Green Thumb’s fourth-quarter revenue was in line with estimates, but the company missed on adjusted EBITDA while Curaleaf, on the other hand, had a small miss on revenue, but provided better than projected adjusted EBITDA, highlighted New Cannabis Venture’s Alan Brochstein. What about the guidance? As for Curaleaf, the guidance was below previously offered projections of $1.6 billion in revenue for 2022. Now, the cannabis giant aims to record revenue in the range of $1.4-$1.5 billion, and projects adjusted EBITDA to be around 28% of revenue, which is also a bit lower than the anticipated margin, which according to Brochstein, “is not bad considering it is off of a lower base of revenue.” What did the companies’ earnings conference calls reveal?