Chart Events
Performance Outlook
| Previous Close | 41.15 |
| Open | 41.55 |
| Bid | 40.04 x 0 |
| Ask | 41.00 x 0 |
| Day's Range | 35.32 - 42.18 |
| 52 Week Range | 5.05 - 49.66 |
| Volume | 884,091 |
| Avg. Volume | 451,973 |
| Market Cap | 8.713B |
| Beta (5Y Monthly) | 2.14 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.11 |
| Earnings Date | Mar 17, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
Fair Value
Related Research
- SmarterAnalyst
Green Thumb Inks Partnership For Cannabis-Infused Drinks; Street Is Bullish
Green Thumb Industries has inked an exclusive partnership to manufacture and distribute Cann’s line of cannabis-infused sparkling drinks in the US starting this spring. According to the partnership deal, Green Thumb (GTBIF) will roll out the distribution of Cann drinks in Illinois this spring and add additional markets including New Jersey, which recently legalized adult-use cannabis sales. Cann’s low-sugar and low-calories drinks are made of all-natural juice, herbs, organic agave nectar, and micro-doses of cannabis CBD and THC extract to mimic the strength of a glass of wine or a light beer. The brand, which got its start in Venice, California in 2019, is backed by celebrity investors, including Gwyneth Paltrow, Baron Davis, and Bre-Z. “The cannabis beverage category is poised for growth. Consumers are increasingly entering the market seeking alternatives to alcohol with familiar consumption experiences,” Green Thumb CEO Ben Kovler commented. “Cann sits squarely in this opportunity, delivers on the consumer need, and complements our brand portfolio with entry into the beverage segment. What’s even better is cannabis drinks can offer a superior experience, fewer calories and no hangover compared to alcohol. We are investing in the space and in the Cann team and we couldn’t be more excited to bring California’s #1 cannabis beverage brand to Illinois and beyond.” The US cannabis grower said that trends are showing that cannabis beverages are gaining in popularity faster than other cannabis categories. In California, cannabis beverage sales in 2020 grew almost four times faster than total cannabis sales. According to BDS Analytics, Cann last year jumped from fifth place in terms of market share to first with over 600% sales by the end of 2020. Green Thumb shares popped 66% over the past three months and have surged a stellar 430% over the past year. Nonetheless, Cantor Fitzgerald analyst Pablo Zuanic last month set a Street-high price target of $62 (75% upside potential) for Green Thumb and maintained a Buy rating on the stock, as he expects sales to propel from $551 million in 2020 to almost $2 billion by 2024 on the assumption that more states in the company's portfolio will legalize recreational weed. “During the 2020-2024 period we project EBITDA should go from $168Mn to $761Mn," Zuanic wrote in a note to investors. (See Green Thumb stock analysis at TipRanks) Looking at the consensus rating breakdown, other analysts have a firm bullish outlook. With 9 unanimous Buys issued in the last three months, the word on the Street is that GTBIF is a Strong Buy. That’s alongside an average analyst price target of $40.21, which implies 13% upside potential lies ahead over the coming 12 months. Related News: Marvell Drops 6% After 1Q Outlook; Street Says Buy Ross Stores Disappoints With Weak 1Q EPS Outlook; Stock Drops Box’s 4Q Profit Soars 214%; Street Sees 14% Upside More recent articles from Smarter Analyst: Wendy’s Drops 5.5% After 4Q Earnings Miss Analysts’ Estimates Splunk’s 4Q Results Top Wall Street Estimates; Shares Jump 5.1% Yext Tumbles Over 15% On Disappointing Revenue Outlook Dycom Plans $150M Share Buyback After 4Q Sales Beat; Stock Jumps 12.4%
- GlobeNewswire
Green Thumb Industries and California’s #1 Cannabis-Infused Beverage Cann Announce Partnership to Expand Nationally
Cann's cannabis-infused sparkling beverages Cann’s social tonics are low in sugar and calories and contain no preservatives or artificial sweeteners. Each drink is made of all-natural juice (not from concentrate), herbs, organic agave nectar, and micro-doses of cannabis CBD and THC extract designed to be similar in strength to a glass of wine or a light beer. Cann's cannabis-infused sparkling beverages Cann is available in three creative flavors: Lemon Lavender, Grapefruit Rosemary, and Blood Orange Cardamom and are sold in 6-packs of 8 ounce cans. Cannabis-Infused Beverage Category Appeals to New-to-Category Consumers as Alternate to AlcoholCann Offers Portfolio of Micro-dosed Social Tonics, Low in Calories with All-Natural IngredientsComplements Green Thumb’s Brand Portfolio with Beverage Category Offering CHICAGO and VANCOUVER, British Columbia, March 03, 2021 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb”) (CSE: GTII) (OTCQX: GTBIF), a leading cannabis consumer packaged goods company and owner of Rise™ Dispensaries, today announced an exclusive partnership with leading cannabis-infused beverage brand Cann to manufacture and distribute its line of cannabis-infused sparkling beverages beginning in Illinois this spring. Green Thumb and Cann will expand distribution to additional markets including New Jersey, which recently legalized adult-use cannabis sales. “The cannabis beverage category is poised for growth. Consumers are increasingly entering the market seeking alternatives to alcohol with familiar consumption experiences,” said Green Thumb Founder and CEO Ben Kovler. “Cann sits squarely in this opportunity, delivers on the consumer need, and complements our brand portfolio with entry into the beverage segment. What’s even better is cannabis drinks can offer a superior experience, fewer calories and no hangover compared to alcohol. We are investing in the space and in the Cann team and we couldn’t be more excited to bring California’s #1 cannabis beverage brand to Illinois and beyond.” Cann’s social tonics are low in sugar and calories and contain no preservatives or artificial sweeteners. Each drink is made of all-natural juice (not from concentrate), herbs, organic agave nectar, and micro-doses of cannabis CBD and THC extract designed to be similar in strength to a glass of wine or a light beer. Cann is available in three creative flavors: Lemon Lavender, Grapefruit Rosemary, and Blood Orange Cardamom and are sold in 6-packs of 8 ounce cans. The brand got its start in Venice, California in 2019 and became a quick local favorite for those in Hollywood due to its appeal to the growing number of entertainers and media personalities looking for healthier alcohol substitutes that still come with a fun social buzz. “There are a lot of people who want to incorporate cannabis into their lives recreationally without the fear of getting too high,” said Cann co-founder Luke Anderson. “Cann lets you rewrite the ‘bad edible experience’ you had in college and change your social drinking routine at the same time.” Trends show that cannabis beverages are gaining in popularity faster than other cannabis categories. In California, cannabis beverage category sales grew nearly four times faster than total cannabis market sales between the period of January and December 2020. Over the same time period, Cann rose from fifth in market share to first with over 600% growth in sales (BDS Analytics). “We’re ecstatic to partner with Green Thumb, the nation’s leading cannabis operator and brand innovator,” says Cann co-founder Jake Bullock. “We’re excited that their best-in-class management team believes in our vision to offer a superior alternative to alcohol. Cann social tonics create a refreshing, uplifting social buzz without alcohol’s negative effects. We believe that cannabis beverages will change the way people drink in this country – imagine drinking a few Canns instead of several beers, wine or cocktails and waking up the next day without a massive headache. We offer a much smarter, delicious choice.” About Green Thumb Industries: Green Thumb Industries Inc., a national cannabis consumer packaged goods company and retailer, promotes well-being through the power of cannabis while giving back to the communities in which it serves. Green Thumb manufactures and distributes a portfolio of branded cannabis products including Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise™. Headquartered in Chicago, Illinois, Green Thumb has 13 manufacturing facilities, licenses for 97 retail locations and operations across 12 U.S. markets. Established in 2014, Green Thumb employs over 2,300 people and serves thousands of patients and customers each year. The company was named a Best Workplace 2018 by Crain’s Chicago Business and MG Retailer magazine in 2018 and 2019. More information is available at GTIgrows.com. About Cann: Cann is the #1 selling THC-infused beverage in California according to BDS Analytics. Founded by Stanford and Harvard graduates, Cann is reshaping social drinking with their range of microdosed, non-alcoholic beverages that deliver a perfect, uplifting feeling every time. Vegan, gluten-free, and low in calories, each Cann has five all-natural ingredients with a strength that is similar to a beer or glass of wine. There are no artificial sweeteners or flavors, sugar substitutes, or cannabis taste. Cann’s social tonics won first place in BevNET’s New Beverage Showdown in 2019, following in the footsteps of mainstream grocery products like Health-Ade Kombucha, MALK, and RISE Brewing. The brand is also backed by mainstream celebrity investors, including Gwyneth Paltrow, Baron Davis, Rebel Wilson, Ruby Rose, Darren Criss, Casey Niestat, Tove Lo, and Bre-Z. For more information, visit www.drinkcann.com or @drinkcann on Instagram. Cautionary Note Regarding Forward-Looking Information This press release contains statements which may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect,” or similar expressions and include information regarding the filing of the Documents and the timing thereof. The forward‐looking information in this news release is based upon the expectations of future events which management believes to be reasonable. Any forward‐looking information speaks only as of the date on which it is made, and, except as required by law, GTI does not undertake any obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise. The forward‐looking information in this news release is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those express or implied. When considering these forward‐looking statements, readers should keep in mind the risk factors and other cautionary statements in GTI’s public filings with the applicable securities regulatory authorities on the SEC’s website at www.sec.gov and on SEDAR at www.sedar.com, including the risk factors set out in the 2nd Amendment to GTI’s Registration Statement on Form 10/A and its Form 10-K. Investor Contact:Media Contact: Jennifer DooleyLinda MarsicanoChief Strategy OfficerVP, Corporate CommunicationsInvestorRelations@gtigrows.comlmarsicano@gtigrows.com310-622-8257773-354-2004 Source: Green Thumb Industries Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ef3831f-8fd0-4b17-b568-fc9db68388d4 https://www.globenewswire.com/NewsRoom/AttachmentNg/29335336-1e6a-4dbf-bf2f-0dd61d9ed896
- GlobeNewswire
Green Thumb Industries Announces Conference Participation for March 2021
CHICAGO and VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ retail stores, today announced that its executive team will participate in the following conference in March 2021: Needham 2nd Annual Virtual Cannabis Conference, March 3, 2021: Management will participate in one-on-one meetings. About Green Thumb Industries: Green Thumb Industries Inc. (“Green Thumb”), a national cannabis consumer packaged goods company and retailer, promotes well-being through the power of cannabis while giving back to the communities in which it serves. Green Thumb manufactures and distributes a portfolio of branded cannabis products including Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise™. Headquartered in Chicago, Illinois, Green Thumb has 13 manufacturing facilities, licenses for 97 retail locations and operations across 12 U.S. markets. Established in 2014, Green Thumb employs over 2,300 people and serves thousands of patients and customers each year. The company was named a Best Workplace 2018 by Crain’s Chicago Business and MG Retailer magazine in 2018 and 2019. More information is available at GTIgrows.com. Investor Contact:Media Contact: Jennifer DooleyLinda MarsicanoChief Strategy OfficerVP, Corporate CommunicationsInvestorRelations@gtigrows.comlmarsicano@gtigrows.com310-622-8257773-354-2004 Source: Green Thumb Industries
