CA - Green Thumb Industries Is Not A Safe Cannabis Investment

2024-02-25 20:39:07 ET

Summary

• Green Thumb Industries is overvalued compared to its peers.
• GTI's Q4 report is expected to show slower revenue and profitability growth compared to the previous year.
• The stock price of GTI has been lagging behind its peers and faces potential downside due to its high valuation.

I follow Green Thumb Industries ( GTBIF ) closely and have done so since it went public in 2018. I think that the company has a decent business and the best balance sheet of the large MSOs. The company, which will report its Q4 on Tuesday afternoon, seems overvalued to me relative to peers. I currently have no exposure to it in my model portfolios....

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