|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.99 - 9.24|
|52 Week Range||6.44 - 25.03|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.80|
YOLO's management team announced the addition of MSOs to the fund's roster one day after the debut of The Cannabis ETF (NYSE: THCX), the newest New York-listed marijuana ETF. YOLO is the first cannabis ETF trading in the U.S. to include MSOs. MSOs “are U.S. based companies directly involved in the legal production and distribution of cannabis in states where approved,” according to a statement from AdvisorShares.
Green Thumb Industries (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, announced it will open its fourth retail location in Florida, Rise Oviedo, the community’s first cannabis store, on July 9, 2019. Rise Deerfield Beach, Rise Pinellas Park and Rise Bonita Springs all opened earlier this year, and GTI has a retail footprint for up to 35 stores throughout Florida.
The cannabis sector offers a $200 billion global opportunity in the next decade, up from the roughly $8 billion that was generated in 2018 in federal legal markets and U.S. state licensed sales, Stifel analysts wrote Tuesday in a new report. Market leader Canopy Growth Corp. disappointed investors with weaker-than-expected earnings last week and mixed outlook, as elevated costs during the current investment phase lowered gross margin forecasts, said the report. "While the near-term execution at Canopy is underwhelming likely driving a portion of the elevated expenses, we remain confident that Canopy is best positioned to tackle all avenues for growth in the $200 billion global category," the analysts led by Andrew Carter wrote in the report. In the same vein, Canada currently represents the most significant near-term opportunity, as the only G-7 country to have fully legalized cannabis last October. Stifel is expecting Canada to achieve C$10 billion in annual sales by 2023. "The market is quickly taking shape with the latest update from Stats Canada suggesting a C$ 900 million annualized market in April with sales in the month up 23% sequentially likely driven by the cannabis enthusiast holiday 4/20 and initial store openings in Ontario," said the report. But Canada sales will be eclipsed by the U.S. which offers a $100 billion opportunity over the next decade, the analysts wrote. That opportunity will change if federal rules are relaxed, which Stifel is expecting is at best a 2021 possibility. "While there has been a flurry of legislation in Congress with a number of items achieving success in the House of Representatives, we believe the political calculus of Senate majority leader Senator Mitch McConnell favors keeping any cannabis legislation from reaching the Senate floor for a vote," they wrote. "While cannabis enjoys bipartisan approval, we contend the issue of change at the federal level is not salient with American voters." The report noted the three companies that are expected to benefit from legalization in Illinois, which last week became the first state to legalize through the state legislature and not through the ballot box. Cresco Labs Inc. , Green Thumb Industries Inc. and PharmaCann, the state's three medical operators, are expected to benefit. The ETFMG Alternative Harvest ETF has gained 29% in 2019 to date, while the S&P 500 has gained 18%.
Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading cannabis consumer packaged goods company and owner of the retail chains Rise™ and Essence, today announced it will open Rise Mechanicsburg, its sixth retail location in Pennsylvania and 25th in the nation, on Thursday, June 27. Rise Mechanicsburg will host an open house for the community on Tuesday, June 25 from 4 p.m. to 7 p.m. The open house will be held before cannabis products are on site so all are welcome to attend and meet the Rise™ team, including the General Manager and Pennsylvania Market President. “We are thrilled to open the sixth Rise™ location in Pennsylvania and to create additional jobs in the Harrisburg-Carlisle metropolitan area,” said GTI Founder and Chief Executive Officer Ben Kovler.
The public debate surrounding cannabis policy often focuses on the fundamental question of legalization, but the details of how cannabis policy is implemented are critical to understanding and forecasting legalization’s social and financial impact. After historic votes to approve the Illinois Cannabis Regulation and Tax Act (HB 1438) in the Illinois House and Senate, Illinois Governor J.B. Pritzker has pledged to sign the bill into law. Unfortunately, the law is terrible for almost everyone in Illinois.
CHICAGO and VANCOUVER, British Columbia, June 21, 2019 -- Green Thumb Industries. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company.
To accomplish the feat of becoming the first cannabis-related software stock to list on the Nasdaq, MJ Freeway Chief Executive Jessica Billingsley opted to employ a creative strategy.
CHICAGO and VANCOUVER, British Columbia, June 19, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.
Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading cannabis consumer packaged good company and owner of the retail chain Rise™, today announced it will open its fifth retail location in Pennsylvania, Rise Latrobe, on Thursday, June 20. This is the first medical marijuana retail store in Latrobe, which is located in the Pittsburgh metropolitan area. Rise Latrobe will host an open house for the community on Tuesday, June 18 from 4 p.m. to 7 p.m. The open house will be held before cannabis products are on site so all are welcome to attend and meet the Rise™ team, including the General Manager and the Pennsylvania Market President.
This year's Pride month is particularly special. It's the 50th anniversary of the Stonewall riots, and the month of June carries a powerful significance for those in the LGBTQ+ community. PAX Labs, a leading consumer technology company in cannabis, has announced a $50,000 pledge to the GLBT Historical Society in celebration of this year’s Pride to honor the culture and heritage of the LGBTQ community.
By Brendan Bures New Yorkers love to joke about its little brother New Jersey, ribbing any and all of that state’s shortcomings, but the pair are two peas on a pod when it comes to marijuana reform. Just ...
Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF) today announced that Integral Associates was awarded a retail dispensary and delivery license by the City of Pasadena, making it one of only six new license awardees in Pasadena. Integral Associates placed first out of 122 retail applications. The Pasadena license was awarded the same day that GTI closed on its acquisition of Integral Associates, which includes the Essence retail stores as well as the award-winning Cannabiotix and Desert Grown Farms cultivation facilities in Nevada.
CHICAGO and VANCOUVER, British Columbia, June 05, 2019 -- Green Thumb Industries (GTI) (CSE: GTII) (OTCQX: GTBIF), announced today that it closed on the acquisition of Integral.
CHICAGO and VANCOUVER, British Columbia, June 04, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.
Cannabis stocks fell Friday, weighed down by the selloff in the broader market after President Donald Trump opened a new front in his trade war, this time with Mexico, and as a key hearing aimed at creating a regulatory framework for CBD kicked off.
Pritzker, who became governor in January, included legalization of marijuana in his platform when campaigning last year. Pritzker also was pushing for the measure for financial reasons. He had banked on licensing and tax revenue to balance the state's budget. It also decriminalizes home growing of small amounts of cannabis – replacing jail time with a fine – and allows home cultivation of small amounts for medical marijuana patients.
Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of the retail chain Rise™, announces it will open its third retail location in Florida and 20th in the country, Rise Bonita Springs, on May 31, 2019. The company owns and operates a manufacturing facility in Homestead where it cultivates and produces GTI’s branded cannabis products including Rythm and The Feel Collection. Rise™ also offers delivery to registered cardholders in Florida via orders placed at RiseCannabis.com or by calling the store directly.
U.S. marijuana producer Green Thumb Industries Inc. reported Thursday revenue that slightly topped the consensus estimates and met expectations for per-share losses. The company reported first-quarter net losses attributable to Green Thumb of $9.7 million, or 6 cents a share, compared with losses of $1.6 million, in the year-ago period. The company did not provide a per-share figure. Revenue rose to $27.9 million from $10.9 million in the year-ago period. Green Thumb reports revenue net of discounts. Analysts surveyed by FactSet had estimated revenue of $27.4 million. Three analysts polled by FactSet modeled first-quarter losses of 6 cents a share. For the second quarter, analysts model losses of 2 cents a share on sales net of discounts of $41.2 million. Green Thumb stock has fallen 6% in the past year, with the S&P 500 index rising 2.17%. Green Thumb stock closed down 0.2% during regular trading Thursday.
Opened four new Rise™ retail stores year-to-date across Ohio and FloridaClosed previously announced acquisition of Advanced Grow Labs, expanding production and distribution of.
Green Thumb Industries: Wall Street Ratings and Target Price(Continued from Prior Part)Green Thumb’s valuationHistorically, Green Thumb Industries (GTBIF) has traded at a valuation close to peers’ median. Recently, the stock started trading at
Green Thumb Industries: Wall Street Ratings and Target PriceGreen Thumb’s performanceSo far, Green Thumb Industries (GTBIF) is one of the cannabis stocks that is outperforming the benchmark index this year. For example, the stock has returned ~46%
Green Thumb Industries Inc. (“GTI” or the “Company”) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of the retail chain Rise™, today announced the Company has closed on a USD $105 million Senior Secured non-brokered private placement financing through the issuance of senior secured notes (the “Notes”). The Company intends to use the proceeds for general working capital purposes, various growth initiatives, as well as to retire the Company’s existing debt. “Strategic capital allocation is fundamental to the business and this financing strengthens our balance sheet at an attractive cost of capital for our business and shareholders,” said GTI Founder and CEO Ben Kovler.