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Green Thumb Industries Inc GTBIF

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All Cannabis Stocks Rally From Senate Results, but Actual Economic Exposure Differs Widely

Analyst Note

| Kristoffer Inton |

On Jan. 5, Georgia held runoff elections for its two Senate seats. Major news outlets have called the election for the Democrats, ousting both Republican incumbents and leaving the Senate evenly split. Under a 50-50 split, Vice President-elect Kamala Harris would cast the tiebreaking vote, effectively giving control to Democrats. With control of the White House and both chambers of Congress, President-elect Joe Biden has received an accommodative path for his agenda.

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Company Profile

Business Description

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 12 states and operates nearly 50 cannabis stores under the chains Rise and Essence. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including Dr. Solomon’s, Dogwalkers, and Beboe.

Contact
325 West Huron Street, Suite 412
Chicago, IL, 60654, Canada
T +1 312 471-6720
Sector Healthcare
Industry Drug Manufacturers - Specialty & Generic
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees