GTBIF - Down 68% From Its High Can This Growth Stock Bloom Again?
Exceptional growth stocks are getting hammered in this troubled market. The pot industry, which has already been on a roller-coaster ride for the last two years, is taking an even harder hit. The added pressure of market pessimism toward cannabis reforms has affected the companies' stock prices.
But what if I told you that this presents an excellent opportunity to buy these growth stocks on the dip? The industry is nascent, with huge potential to shine. Growth stocks in general take time to price in the company's performance. One such pot stock is Illinois-based Green Thumb Industries (OTC: GTBIF)
Investors willing to take a long-term view of Green Thumb could be rewarded handsomely as the marijuana market expands. From revenue of $216 million in 2019 to $ 894 million in 2021, this multi-state operator (MSO) has come a long way. Let's elaborate on how this growth stock has more room to run.
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Down 68% From Its High, Can This Growth Stock Bloom Again?