Green Thumb Industries (GTBIF) Expected to Announce Earnings on Wednesday

Green Thumb Industries (OTCMKTS:GTBIF) is anticipated to post its results after the market closes on Wednesday, February 25th. Analysts expect Green Thumb Industries to post earnings of $0.01 per share and revenue of $296.05 million for the quarter.

Green Thumb Industries Price Performance

GTBIF stock opened at $6.78 on Wednesday. The firm has a market capitalization of $1.41 billion, a PE ratio of 39.88 and a beta of 1.15. The company’s 50 day simple moving average is $7.72 and its 200-day simple moving average is $7.58. Green Thumb Industries has a 12 month low of $4.63 and a 12 month high of $10.43.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.