Green Thumb Industries Inc

GTII: XCNQ (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 81.00	Jhskp	Bjbmbzynyj

Green Thumb Earnings: Cutting Valuation as Continued Price Compression Weighs on Growth Trajectory

Kristoffer Inton

Aug 9, 2023

We were disappointed by no-moat Green Thumb’s second-quarter revenue, which grew just 2% sequentially and declined 1% year over year to $242 million. The company’s six new stores opened during the quarter (now 84 total stores) was offset by same-store sales declining 3%. This fits with the price compression management cited that continues to weigh on top line growth.

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