GTBIF - Green Thumb's Edge Over S&P 500 & ETFs: Cannabis Investor Confidence Propels Expansion Into Key States | Benzinga
Green Thumb Industries Inc. (OTC: GTBIF) is ramping up investments across Minnesota, Ohio, Virginia, Florida and Pennsylvania to gear up for recreational marijuana legalization. It is also expanding its wholesale market share in Illinois, Maryland and Pennsylvania.
Financial Health And Strategic Moves
Senior analyst Pablo Zuanic of Zuanic & Associates notes that Green Thumb's financial strategy shows a cautious yet optimistic approach toward growth and debt management.
With a plan to utilize the remaining $60 million for share buybacks and to repurchase part of its $225 million debt at a discount, the company aims to solidify its financial standing. The easing of its heavy capital expenditure cycle indicates a move towards leveraging its cash flow more effectively.
Want to talk more about companies' valuations, earnings, and investment opportunities? Join us at the upcoming Benzinga Cannabis Capital Conference in Florida at the new Hollywood venue on April 16 and 17, 2024.
Valuation And Growth Potential
Zuanic says that over the last several months, Green Thumb shares have seen a 15% increase, contrasting with ...