Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
Green Thumb Industries (OTCQX:GTBIF) has done it again. The company reported impressive Q3 results while firing on all cylinders. The stock is trading in-line with peers with room for further multiple expansion. We think the consistent track record of GTI deserves a premium compared to most peers. If it could produce consecutive quarters of profitability and positive cash flow in 2020, we think the market will reward the stock with