Green Thumb Industries Stock News

Cannabis expert Jay Czarkowski returns to discuss why he's betting big on the Northeast.

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The Analyst: Pablo Zuanic , from Cantor Fitzgerald, kept an Overweight rating for Green Thumb Industries (OTCQX: GTBIF ) (GTII.CN), and a price target at $41. The Thesis: In a recent analyst note, Zuanic covered GTI’s results for the fourth quarter of 2021 and its guidance for the first quarter of 2022, which he considered to “reflect the overall market slowdown.” The analyst estimates sequential growth at 1% in the fourth quarter of 2021 while “management is pointing to a mid-single-digit drop in sales for the first quarter of 2022.” Zuanic explained that increased competition (especially in PA/NV/MA) impacted the company’s profit margins. Gross margins for the fourth quarter dropped 2.6 points sequentially compared to the third quarter of 2021, while EBITDA margins were 31.2%, 5.5 points below the levels of the first quarter of 2021. “In that sense, we would argue the read-across for the rest of the MSO group, as the earnings season gets going, is somewhat bearish for the near term,” added Zuanic. “Regarding Green Thumb, we would …

Betting Big On Northeast Cannabis

Green Thumb Industries Inc. rode a 37% rise in fourth-quarter sales to a slightly higher profit on Tuesday as the cannabis company continued spending to prepare for adult use sales in Virginia, New Yo

U.S. cannabis firm Green Thumb Industries Inc''s fourth-quarter revenue on Tuesday beat estimates with a 37.4% jump, bolstered by growth in its consumer packaged goods and retail businesses.

Green Thumb Industries Inc. (GTBIF) CEO Ben Kovler on Q4 2021 Results - Earnings Call Transcript

Green Thumb Industries (GTBIF) is trading higher in the pre-market Tuesday after U.S. multi-state operator beat Wall Street forecasts with its Q4 2021 financials

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF ), reported its financial results for the fourth quarter and full year ended December 31, 2021. The company’s fourth quarter included revenue generated from 15 states: California, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Virginia. Q4 Financial Highlights Total revenue was $243.6 million , up 37.4% from $177.2 million for the fourth quarter 2020. Gross profit was $128.6 million or 52.8% of revenue compared to $100.5 million or 56.7% of revenue for the fourth quarter 2020. Total selling, general and administrative expenses were $74.3 million or 30.5% of revenue, compared to $53.2 million or 30.0% of revenue for the fourth quarter 2020. Total other expense was $3.9 million , primarily reflecting interest expense associated with the Company''s senior secured notes. Net income attributable to the company was $22.8 million or $0.10 per basic and diluted share, compared to net income of $22.4 million, or $0.11 per share in the prior year.

Green Thumb Industries Reports Fourth Quarter and Full Year 2021 Results Green…

Green Thumb Industries Inc. said Tuesday its fourth-quarter net income rose to $22.81 million, or 10 cents a share, from $22.47 million, or 11 cents a share in the year-ago quarter. Sales rose by 37.4% to $243.6 million, from $177.2 million in the year-ago quarter as the cannabis company grew scale in its consumer packaged goods and retail businesses, particularly in Illinois and Pennsylvania. Fourth-quarter earnings before interest, taxes, amortization and depreciation (Ebitda) rose to $75.6 million from $61.3 million. Analysts surveyed by FactSet expected Green Thumb Industries to earn 8 cents a share on $238 million of revenue. Shares of Green Thumb Industries are down 13.7% so far in 2022, compared to a drop of 15.6% by the AdvisorShares Pure Cannabis ETF . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

U.S. cannabis firm Green Thumb Industries Inc''s fourth-quarter revenue on Tuesday beat estimates with a 37.4% jump, bolstered by growth in its consumer packaged goods and retail businesses.

CHICAGO and VANCOUVER, British Columbia, March 01, 2022 (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 RYTHM, Dogwalkers, incredibles, Beboe, Doctor Solomon’s and Good Green branded cannabis products, today reported its financial results for the fourth quarter and full year ended December 31, 2021. Financial results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and all currency is in U.S. dollars.