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Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Down 2% - Here's Why

Green Thumb Industries logo with Medical background

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price fell 2% during trading on Wednesday . The stock traded as low as $5.72 and last traded at $5.77. 267,219 shares were traded during mid-day trading, a decline of 36% from the average session volume of 417,127 shares. The stock had previously closed at $5.88.

Green Thumb Industries Trading Down 1.6%

The stock has a market cap of $1.19 billion, a PE ratio of 26.71 and a beta of 1.18. The company has a fifty day moving average of $5.42 and a 200-day moving average of $6.11.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Green Thumb Industries had a return on equity of 2.82% and a net margin of 4.41%. The firm had revenue of $279.54 million for the quarter, compared to analyst estimates of $283.36 million. As a group, research analysts anticipate that Green Thumb Industries Inc. will post 0.32 earnings per share for the current fiscal year.

About Green Thumb Industries

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Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

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