Green Thumb Industries (OTCMKTS:GTBIF) Stock Rating Upgraded by Canaccord Genuity Group

Key Points

• Green Thumb Industries (OTCMKTS:GTBIF) has received an upgraded rating from Canaccord Genuity Group to a "strong-buy".
• The company reported a revenue of $293.26 million for the recent quarter, surpassing analyst estimates of $280.66 million, although it missed EPS estimates.
• GTBIF shares experienced a 2.0% decline in trading, opening at $8.72, while the stock has a market cap of $1.81 billion.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) was upgraded by Canaccord Genuity Group to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

GTBIF has been the topic of several other reports. Benchmark reaffirmed a "buy" rating on shares of Green Thumb Industries in a report on Monday, August 11th. Zacks Research raised Green Thumb Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Green Thumb Industries Trading Down 2.0%

Shares of GTBIF opened at $8.72 on Thursday. The company has a market capitalization of $1.81 billion, a PE ratio of 79.28 and a beta of 1.20. Green Thumb Industries has a 12 month low of $4.63 and a 12 month high of $11.50. The stock's 50-day moving average price is $8.08 and its two-hundred day moving average price is $6.41.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $293.26 million for the quarter, compared to analyst estimates of $280.66 million. Green Thumb Industries had a return on equity of 1.62% and a net margin of 2.51%. Equities research analysts predict that Green Thumb Industries will post 0.32 EPS for the current fiscal year.

Green Thumb Industries Company Profile

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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