GTBIF - Green Thumb Industries: U.S. Cannabis Market Leader With 200% Upside
- Green Thumb Industries is a premier multi-state operator ("MSO") in the high growth cannabis industry with a presence in 14 markets including IL, PA, FL, NJ, MA, and NY.
- Shares are trading at 12.0x FY22 EBITDA which is very attractive considering the Company’s top-line growth (+33% in FY22) and EBITDA margin profile (+37% in FY22).
- The U.S. cannabis industry is still in its infancy and has many years of double-digit sales growth ahead of it.
- Green Thumb Industries shares are likely to rally upon an uplisting to the NYSE/NASDAQ or the Federal legalization of cannabis. On a fundamental basis, we see at least 200% upside.
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Green Thumb Industries: U.S. Cannabis Market Leader With 200% Upside