Green Thumb Industries: This Cannabis Stock Is Cheap But Not The Cheapest

Summary

  • I have followed Green Thumb Industries Inc. closely since it went public in 2018.
  • Green Thumb Industries is run well and has executed well thus far.
  • Green Thumb Industries stock is cheap, but it doesn't stand out compared to most peers in my view.
  • Looking for a helping hand in the market? Members of 420 Investor get exclusive ideas and guidance to navigate any climate. Learn More »

Chicago highway sign with marijuana leaf

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Green Thumb Industries Inc. (OTCQX:GTBIF) went public in Canada in 2018 through a reverse-merger, and it trades a bit higher today than it did then. In 2022, it dropped 61.0%. As bad as that was, it was better than

420 Investor launched in 2013, just ahead of Colorado legalizing for adult-use. We are moving to Seeking Alpha and will let our followers know when that occurs. Historically, we have provided great coverage of the sector with model portfolios, videos and written material to help investors learn about cannabis stocks.

This article was written by

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Alan Brochstein, CFA, is one of the first investment professionals to focus exclusively on the cannabis industry. Alan got his start as a financial professional in the securities industry in 1986, managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent consulting to registered investment advisors. He is also the managing partner of New Cannabis Ventures, a leading provider of relevant financial information in the cannabis industry since 2015.

Alan has run the investing group 420 Investor, for investors interested in the publicly-traded cannabis stocks that he moved to Seeking Alpha in 2023, since 2013. As the leader of the investing group 420 Investor, Alan closely covers 23 stocks and shares investment news as it comes out, previews of their earnings reports and analysis of them afterwards. Other features of the group include: 2 model portfolios, 10 videos per week with chart analysis, 3 summary pieces weekly, a monthly newsletter, and chat for questions Learn More. He also offers a sub-service of 420 Investor, The Big Picture, which will help you stay on top of the cannabis sector!

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

At New Cannabis Ventures, we work with several publicly-traded companies, including Ayr Strategies, Greenlane, TerrAscend, TILT Holdings and urban-gro, providing each of them with Investor Dashboards. Please see our disclaimer for more detail: https://www.newcannabisventures.com/disclaimer/

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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