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

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

Green Thumb Industries Stock Performance

GTBIF opened at $6.20 on Tuesday. The company has a 50-day moving average of $7.62 and a 200-day moving average of $7.57. The company has a market capitalization of $1.29 billion, a P/E ratio of 36.47 and a beta of 1.15. Green Thumb Industries has a 1-year low of $4.63 and a 1-year high of $10.43.

Analyst Ratings Changes

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

About Green Thumb Industries

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.