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

Green Thumb Industries (OTCMKTS:GTBIF) is anticipated to release 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 Stock Down 8.4%

Shares of GTBIF stock opened at $6.30 on Monday. The stock’s 50-day moving average price is $7.67 and its 200 day moving average price is $7.57. The stock has a market capitalization of $1.31 billion, a PE ratio of 37.06 and a beta of 1.15. Green Thumb Industries has a 52-week low of $4.63 and a 52-week 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.