Green Thumb Industries Inc. (GTBIF) saw its shares surge in the last session with trading volume being higher than average. The marijuana multistate operator reported annual revenue of $1.05 billion despite facing $100 million in cash taxes in 2023. Sensible investors will choose these cannabis stocks, like Green Thumb Industries, as the sector matures over the coming years. Trulieve Cannabis Corp., Green Thumb Industries Inc., and Verano Holdings Corp. all topped revenue estimates for the fourth quarter, showing the industry's growth potential.
Green Thumb Industries has plenty of room to keep expanding, and legalization could be huge for the company. As the cannabis industry continues to evolve, Green Thumb Industries remains a strong player in the market. The company's Q4 report is expected to show slower revenue and profitability growth year over year, but overall, Green Thumb Industries is a profitable and growing investment opportunity.
CHICAGO and VANCOUVER, British Columbia, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) continues to make strides in the cannabis industry. The company's EPS without NRI as of April 25, 2024, is $0.20, showcasing its financial stability and potential for growth. Despite facing challenges in the market, Green Thumb Industries remains well-positioned for success.