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GTBIF - MJ: One Of The First (And Worst) Marijuana ETFs
November, 23 2021 10:32 AM
Green Thumb Industries Inc
Despite the benefits of diversification, the volatility of marijuana ETFs detracts from the traditional appeal of ETFs. MJ allocates too much equity to tobacco stocks and ancillaries, limiting the appeal of a cannabis-focused ETF. MJ has produced far lower EBITDA and revenues in the last twelve months than its competitor MSOS. Even with the underperformance of its underlying assets, MJ is still overvalued relative to its industry. For further details see:
MJ: One Of The First (And Worst) Marijuana ETFs
Stock Information
Company Name:
Green Thumb Industries Inc
Stock Symbol:
GTBIF
Market:
OTC
Website:
gtigrows.com
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