Green Thumb Industries (OTCMKTS:GTBIF) Issues Earnings Results

Key Points

• EPS beat: Green Thumb Industries reported Q earnings of $0.07 per share, beating the consensus $0.02 by $0.05, with a net margin of 9.71% and a return on equity of 5.47%.
• Stock reaction and valuation: Shares rose $0.22 to $8.32 on Wednesday (volume 389,199 vs. average 637,768); the company has a market cap of $1.73 billion, a P/E of 17.33, and a 52-week range of $4.80–$10.43.
• Business profile: Green Thumb is a diversified cannabis consumer packaged goods company and retailer operating cultivation, manufacturing and distribution and marketing branded products across multiple formats for the adult-use market.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05, Zacks reports. Green Thumb Industries had a net margin of 9.71% and a return on equity of 5.47%.

Green Thumb Industries Stock Performance

Shares of GTBIF stock traded up $0.22 during trading hours on Wednesday, hitting $8.32. 389,199 shares of the company were exchanged, compared to its average volume of 637,768. Green Thumb Industries has a one year low of $4.80 and a one year high of $10.43. The business's 50-day simple moving average is $6.79 and its two-hundred day simple moving average is $7.07. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.33 and a beta of 1.27.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.