Green Thumb Industries Stock News

Top Pot Stocks To Watch Dropping Financials In March 2022 The post Marijuana Stocks To Watch Right Now? 4 Companies Reporting Earnings This Week appeared first on Marijuana Stocks | Cannabis Investmen

Green Thumb Industries Inc. GTII, +3.20% GTBIF, +0.68% 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

As earnings season approaches, Cantor Fitzgerald analyst Pablo Zuanic discussed his expectations. One of his top stock picks, Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF ), is poised to report its financial highlights for the fourth quarter of fiscal 2021 - first among the cannabis MSO group - on Tuesday, March 1. "While macro trends point to a down qtr (for the legal rec/med markets) and management guided for flat sales growth, we calculate recent deals could add $6Mn to sales in 4Q21E (RI, MA), and store openings (full qtr of 3Q openings, and three added during 4Q) should also help the top-line," Zuanic said in his latest note. The Analyst Zuanic retained an Overweight rating while lowering his 12-month price target to $41 from $54 due to sectoral derating. The Thesis The analyst expects GTI to post stable EBITDA margins and roughly $242 million in sales for the fourth quarter, versus the FactSet consensus … Full story available on Benzinga.com

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Green Thumb is one of the largest MSOs in the US and has a significant presence in the Northeastern part of the country.

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Los Angeles-based cannabis beverage company nets $27 million in funding from Green Thumb Industries and a list of celebrities including actress Rosario Dawson.

Cann has landed a $27 million Series A venture financing, as the cannabis beverage company looks to grow its distribution to more U.S. states in 2022, the company said Tuesday.

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