Green Thumb: Booming Growth And A Vote Of Confidence From Investors

Ido Barak
1.06K Followers

Summary

  • Growth in sales and specifically in Illinois provides great tailwind to the company.
  • Retail and institutional investors showed confidence in the leadership of the company in both the report of federal investigation against the company and through debt financing.
  • Many more catalysts lie ahead.
  • The latest dip in the stock price is a buying opportunity.

Illinois highway sign with marijuana leaf
Photo by Rex_Wholster/iStock via Getty Images

Green Thumb Industries (OTCQX:GTBIF) had a turbulent quarter. Just two weeks after reporting a record year earnings, where they smashed it with revenue growth Y/Y of 157.2% to $556.6M and their adjusted EBITDA

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Data analyst in a fintech company at day and an enthusiastic investor at night.My nature is curiousity, I love exploring about finance and stock market opportunities, always looking to learn more about any innovative field and integrating my data analysis skills in my articles.I invest on what I write, so follow me to get updated on my articles and earn money together with me.

Analyst’s Disclosure:I am/we are long GTBIF. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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