GTBIF - Is It Too Late to Buy Green Thumb Industries Stock?
With cannabis stocks looking beaten-down and cheap thanks to a brutal bear market in 2022, it's no wonder that investors are questioning whether the industry's gold rush era is gone for good. For marijuana companies implementing big expansion plans, like Green Thumb Industries , (OTC: GTBIF) queries are even more pressing, as the competition looks to be getting hotter over time.
But a lot can change in a few years, and investors with long-term mindsets tend to prosper. So let's analyze Green Thumb's long-term potential in light of the ongoing market phenomena and get a better idea about whether the ship to riches has sailed.
The core reason why it might be too late to buy Green Thumb Industries stock is that its period of rapid revenue growth is definitively over, at least for now. This chart shows the issue:
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Is It Too Late to Buy Green Thumb Industries Stock?