Green Thumb: Solid Q3 And Valuation Back On Earth

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About: Green Thumb Industries Inc. (GTBIF), Includes: ITHUF, MMNFF, MPXEF, TCNNF
by: Cornerstone Investments
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Cornerstone Investments
Long/short equity, long-term horizon, cannabis industry
Summary

Green Thumb reported 2018 Q3 results on Wednesday with revenue of $17.2 million which is 26% higher from a year ago.

Q3 revenue was generated from existing stores in Illinois, Maryland, Pennsylvania, and Massachusetts with near-term entry into New York, Florida, Nevada, and Ohio.

GTI experienced a significant run-up in its share price after Q2 was released but has since returned to more reasonable valuation levels.

Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.

Introduction

Green Thumb Industries (OTCQX:GTBIF) reported 2018 Q3 results on Wednesday