GTII.CN - Green Thumb Industries Inc.

Canadian Sec - Canadian Sec Delayed Price. Currency in CAD
13.21
-0.11 (-0.83%)
At close: 3:59PM EST
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Previous Close13.32
Open13.22
Bid13.15 x 0
Ask13.24 x 0
Day's Range13.11 - 13.37
52 Week Range9.91 - 22.02
Volume58,169
Avg. Volume193,863
Market Cap2.709B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.29
Earnings DateNov. 19, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Green Thumb Industries (GTI) Continues its Social Equity License Education Assistance Program (LEAP) with Pro Bono Mentoring for Craft Grower, Infuser and Transporter Licenses in Illinois

    Over 200 Social Equity Applicants Have Participated in LEAP to Date With Many Submitting Dispensary License Applications Programming and One-on-One Consultations Will Now.

  • GlobeNewswire

    Green Thumb Industries (GTI) Founder and Chief Executive Officer Ben Kovler to Present at the ICR Conference on January 14, 2020

    CHICAGO and VANCOUVER, British Columbia, Jan. 07, 2020 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.

  • Illinois’s Legal Pot Sales Reach $3.2 Million on First Day
    Bloomberg

    Illinois’s Legal Pot Sales Reach $3.2 Million on First Day

    (Bloomberg) -- Illinois’ first day of recreational cannabis reached almost $3.2 million in sales with 77,128 transactions, according to state officials.Coming off a dismal year for the industry, the launch of adult-use sales in Illinois is considered a harbinger of better things to come in 2020. The state is the sixth most populous in the U.S., is surrounded by potential customers in states where sales are still illegal, and will likely pressure others to follow suit.“The idea of a domino effect should not be discounted,” Cantor Fitzgerald analyst Pablo Zuanic said in a note published Thursday.Illinois is the 11th state to legalize recreational use of the drug, which remains illegal at the federal level. Expectations are that Illinois can generate between $2 billion to $4 billion in annual legal sales at maturity, well above the less than $300 million spent on medical cannabis in the state in 2019, according to Compass Point analyst Rommel Dionisio, who believes Cresco Labs Inc. and Green Thumb Industries Inc. are best positioned to benefit. After a gain early in the session, cannabis stocks were broadly lower on Thursday. Cresco closed down 4.9% and Green Thumb fell 4.2%.However, illicit sales are expected to continue to outpace legal sales through 2024, according to research from BDS Analytics and Arcview Market Research.Cresco served 3,145 customers on New Year’s Day at its five Sunnyside dispensaries in Illinois, selling 9,258 cannabis products at an average ticket price of $135, the company said in a statement.“The number of people who waited in line in Chicago in cold winter weather and then left with smiling faces after waiting upwards of seven hours was very reassuring that the acceptance of cannabis is real,” Cresco President Joe Caltabiano said in a phone interview.Caltabiano believes the Illinois market could generate as much as $4 billion in sales at maturity, and intends to increase Cresco’s market share above the 25% it achieved in the medical market.Green Thumb, meanwhile, “served thousands of people” on New Year’s Day from its four stores selling recreational marijuana, it said in a press release. It opened its sixth Illinois store on Jan. 1 and plans to expand to 10 in the state.“There’s a lot going on in Illinois,” Ben Kovler, founder and chief executive officer of Chicago-based Green Thumb, said in a December interview.The company, which has cultivation and manufacturing facilities in Rock Island and Oglesby in Illinois, is adding flower rooms, growing capacity, automated production, staff and hours. It expects to spend more than $20 million to scale up “as quickly as possible,” Kovler said.However, Kovler said he expects supply to fall short amid a “tidal wave” of demand given the limited time companies had to grow and process products since the legislation was signed this past summer.Chicago-based Revolution Global, formerly Revolution Enterprises, in August began expanding its facility near Peoria, Illinois to meet new demand. The current supply chain and growing area may not be enough given the demand for medical and recreational use, said Mark de Souza, chief executive officer of Revolution.“We are in a time crunch,” he said.The legalization of adult use marijuana has many complexities and layers in Illinois. It’s put a brighter spotlight on long-lingering concerns about who has suffered from the war on drugs, how to bring equity to the emerging industry and how to meet projected demand.Illinois Governor J.B. Pritzker has granted 11,017 pardons for those with low-level cannabis convictions and more than 700,000 arrest records may be eligible for relief because of the state’s new Cannabis Regulation and Tax Act, according to a statement on Dec. 31.“Every state that has legalized cannabis has seen high demand and long lines in its earliest weeks, and to be sure, our state will too,” Pritzker said in the statement. “But unlike other states, in Illinois, we purposely built a system where the market has room to grow, so that entrepreneurs, including especially those from the communities devastated by the war on drugs, will have real opportunities in this industry.”(Updates with companies’ share prices in fourth paragraph.)To contact the reporters on this story: Shruti Date Singh in Chicago at ssingh28@bloomberg.net;Kristine Owram in New York at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Elizabeth CampbellFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • GlobeNewswire

    Green Thumb Industries (GTI) Announces Successful Launch of Adult-Use Cannabis Sales in Illinois and Opening of Rise Joliet on January 1

    Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced that it opened its 40th store, Rise Joliet, the first adult-use only store in Illinois. “January 1 was a historic day in Illinois as adult-use cannabis sales launched in Illinois, and we’re honored that Rise Joliet is part of that history,” said GTI Founder and Chief Executive Officer Ben Kovler.

  • GlobeNewswire

    Green Thumb Industries (GTI) to Open Rise Lakewood on December 31, the City’s First Cannabis Store and the Fourth Rise™ Store in Ohio

    Green Thumb Industries (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced it will open its 39th location, Rise Lakewood, on December 31. This is the fourth Rise™ store in Ohio, Lakewood’s first cannabis retail store, and the fifth store GTI will open in December. “We are thrilled to open the first of our two retail locations in Lakewood and to help more Ohioans improve well-being through cannabis, while creating jobs at our stores and manufacturing facility,” said GTI Founder and Chief Executive Officer Ben Kovler.

  • Pot Stocks End 2019 on a Dismal Note as ETF Falls to Record Low
    Bloomberg

    Pot Stocks End 2019 on a Dismal Note as ETF Falls to Record Low

    (Bloomberg) -- A gloomy year for pot stocks is ending on a dismal note, with the industry’s first exchange-traded fund falling to a record low on Monday.The Horizons Marijuana Life Sciences ETF slid as much as 4.8% to C$8.20, the lowest since it was launched in April 2017. The fund, known by its ticker HMMJ, has lost 43% this year and is down 65% since its recent high on March 19.Monday’s drop came amid broader weakness in global markets but also illustrates the widespread pessimism that plagued cannabis for most of 2019.The sector began the year in a buoyant mood after Canada legalized recreational marijuana in October 2018. However, it soon became apparent the industry would underpreform forecasts. Companies spent most of the year coming to terms with lower-than-expected sales, ongoing losses, regulatory issues, a vaping-related health crisis and a slow Canadian retail rollout.Last week’s news that Aurora Cannabis Inc.’s chief corporate officer Cam Battley has stepped down and that Hexo Corp. will offer 15 million shares at a 14% discount only served to deepen that pessimism.HMMJ only holds Canadian cannabis growers, which have underperformed their U.S. counterparts more recently as legalization spreads at the state level and federal initiatives seek to loosen restrictions. Chicago-based Green Thumb Industries Inc., for example, gained as much as 6.5 % Monday ahead of Illinois’ Jan. 1 legalization of recreational pot. The company expects to have five stores open for the first day of sales, it said last week.To contact the reporter on this story: Kristine Owram in New York at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    Green Thumb Industries (GTI) Announces Five Illinois Stores Expected to Offer Adult Use Cannabis Sales on January 1

    Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and retailer, today announced that it expects its Illinois cannabis stores Rise Mundelein, Rise Canton, Rise Quincy, Rise Joliet and 3C Joliet will be open for adult use cannabis sales on January 1, the first day it is legal to purchase cannabis in the state of Illinois for all consumers aged 21 and above.

  • GlobeNewswire

    Green Thumb Industries (GTI) to Open BluePoint Wellness in Westport, Connecticut on December 23

    Green Thumb Industries (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and retailer, today announced it will open BluePoint Wellness – Westport, Connecticut’s first cannabis store – on December 23. This is GTI’s second store in Connecticut and 38th in the nation.

  • GlobeNewswire

    Green Thumb Industries (GTI) to Open Rise Paterson, Its First Store in New Jersey, on December 21

    Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, will open Rise Paterson, its first store in New Jersey, on Saturday, December 21. GTI also operates a cultivation and processing facility in Paterson, which this month received its permit to begin growing cannabis, and is the first cannabis company to become operational in the state among the 2018 license award winners. Rise Paterson will welcome the community to an open house and ribbon cutting on December 20 from 10 a.m. to 12 p.m. to tour the store, meet the Rise™ team and find out more about New Jersey’s medical marijuana program.

  • GlobeNewswire

    Green Thumb Industries (GTI) to Open Rise New Castle, Its Ninth Retail Location in Pennsylvania and 36th in the Nation, on December 17

    Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced it will open Rise New Castle, its ninth retail location in Pennsylvania and 36th in the nation, on December 17. “We are honored to open our ninth Rise store in Pennsylvania and to be the first medical cannabis retailer in New Castle,” said GTI Founder and Chief Executive Officer Ben Kovler. GTI entered the Pennsylvania market in 2017 and operates a manufacturing facility in Danville where the company produces branded products, including its flagship Rythm brand.

  • GlobeNewswire

    Green Thumb Industries (GTI) to Open Rise West Palm Beach, Its Sixth Retail Location in Florida and 35th in the Nation, on December 11

    Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced it will open Rise West Palm Beach, its sixth retail location in Florida and 35th in the nation, on December 11. “We are thrilled to open our sixth Rise location in Florida and 16th store this year as we continue our expansion throughout the state and country,” said GTI Founder and Chief Executive Officer Ben Kovler. Rise™ currently has locations in Bonita Springs, Deerfield Beach, Hallandale Beach, Oviedo and Pinellas Park.

  • GlobeNewswire

    Green Thumb Industries (GTI) Announces Conference Participation for December 2019

    CHICAGO and VANCOUVER, British Columbia, Dec. 03, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.

  • GlobeNewswire

    Green Thumb Industries (GTI) to Open Rise King of Prussia, Its Eighth Retail Location in Pennsylvania and 34ᵗʰ in Nation, on November 26

    Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced it will open Rise King of Prussia, its eighth retail location in Pennsylvania and 34th in the nation, on November 26. Rise King of Prussia will host an open house for the community on November 23 from 1 p.m. to 4 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 honored to open our eighth Rise store in Pennsylvania and to expand our footprint to Montgomery County,” said GTI Founder and Chief Executive Officer Ben Kovler.

  • GlobeNewswire

    Green Thumb Industries (GTI) Reports Increased Third Quarter Revenue of $68 Million and Adjusted Operating EBITDA of $14.1 Million

    Third quarter revenue increased 296% year-over-yearExpect to generate over $200 million in total revenue for fiscal year 2019Retail expansion on pace with four new Rise™ stores.

  • GlobeNewswire

    Green Thumb Industries (GTI) Closes on Transaction With Innovative Industrial Properties to Sell and Lease Back Its Pennsylvania Cultivation and Processing Facility

    CHICAGO and VANCOUVER, British Columbia, Nov. 12, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.

  • Business Wire

    Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Green Thumb Industries (GTI)

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on a sale-leaseback transaction with Green Thumb Industries Inc. (GTI) (CSE: GTII; OTCQX: GTBIF) for its licensed cannabis cultivation and processing facility in Danville, Pennsylvania. The purchase price for the property was $20.3 million (excluding transaction costs). GTI is also expected to make certain improvements to the property that will significantly enhance production capacity, for which IIP has agreed to provide reimbursement of up to $19.3 million.

  • GlobeNewswire

    Green Thumb Industries (GTI) Founder and Chief Executive Officer Ben Kovler to Participate in the Cowen 2nd Annual Boston Cannabis Conference on November 12, 2019

    CHICAGO and VANCOUVER, British Columbia, Nov. 01, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.

  • GlobeNewswire

    Green Thumb Industries (GTI) Announces the Appointment of Beth Burk as Interim Chief Legal & Compliance Officer

    CHICAGO and VANCOUVER, British Columbia, Oct. 31, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.

  • GlobeNewswire

    Green Thumb Industries (GTI) To Hold Third Quarter 2019 Earnings Conference Call on November 20, 2019

    CHICAGO and VANCOUVER, British Columbia, Oct. 03, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.

  • GlobeNewswire

    Green Thumb Industries (GTI) Founder and Chief Executive Officer Ben Kovler to Present at the Canaccord Genuity U.S. Cannabis Symposium on October 3, 2019

    CHICAGO and VANCOUVER, British Columbia, Oct. 01, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.

  • 3 Cannabis Stocks That Were Just Upgraded by a Top Analyst
    The Motley Fool

    3 Cannabis Stocks That Were Just Upgraded by a Top Analyst

    Curaleaf Holdings Inc (CNSX:CURA) and these two other pot stocks look to dominate the U.S. cannabis industry.