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Green Thumb Industries Inc GTBIF

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$10.54 +0.05 (0.52%)
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Company Report

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Lumpy Quarter-to-Quarter Results Mask Green Thumb's Robust Growth Outlook From Legalization

Kristoffer Inton

Green Thumb Industries cultivates and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. Unlike its Canadian peers, the firm is more vertically integrated as it owns dispensaries in addition to the cultivation and processing of value-added products. It has a presence in 15 states through 18 production facilities, and 87 dispensaries. In states with more mature cannabis markets, Green Thumb believes there are enough cultivators available and purchases cannabis from third parties. This helps reduce capital intensity for expansion without sacrificing exposure to widening legalization.

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Price vs Fair Value

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GTBIF is trading within a range we consider fairly valued.
Price
$10.55
Fair Value
$21.00
Uncertainty
Very High
1-Star Price
$47.40
5-Star Price
$85.00
Economic Moat
Rplq
Capital Allocation
Lcffbjngtx

Bulls Say, Bears Say

Bulls

Green Thumb gives investors pure-play exposure to the U.S., which we forecast will be the largest market in the world by sales.

Bears

States are incentivized to maximize tax revenue for products like alcohol, tobacco, and cannabis. Although alcohol and tobacco companies successfully pass higher taxes onto consumers, cannabis companies lack the brand power to do the same.

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Trading Information

Previous Close Price
$10.49
Day Range
$10.35–10.65
52-Week Range
$6.42–16.50
Bid/Ask
$10.25 / $10.55
Market Cap
$2.52 Bil
Volume/Avg
264,351 / 437,200

Key Statistics

Price/Earnings (Normalized)
32.98
Price/Sales
2.44
Dividend Yield
—
Dividend Yield (Forward)
—
Total Yield
1.00%

Company Profile

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 15 states and operates roughly 87 cannabis stores under the brand Rise. 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 &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles and RYTHM.
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Stock Style Box
Small Growth
Total Number of Employees
4,400
Website
https://www.gtigrows.com

Competitors

Valuation

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Metric
GTBIF
CGC
CURLF
Price/Earnings (Normalized)
 32.98——
Price/Book Value
 1.490.932.39
Price/Sales
 2.441.461.92
Price/Cash Flow
 9.95——
Price/Earnings
GTBIF
CGC
CURLF

Financial Strength

Metric
GTBIF
CGC
CURLF
Quick Ratio
 1.211.730.29
Current Ratio
 2.142.520.87
Interest Coverage
 4.84−8.17−2.47
Quick Ratio
GTBIF
CGC
CURLF

Profitability

Metric
GTBIF
CGC
CURLF
Return on Assets (Normalized)
 4.06%−1.72%−6.81%
Return on Equity (Normalized)
 6.03%−4.05%−17.81%
Return on Invested Capital (Normalized)
 4.84%2.49%−6.76%
Return on Assets
GTBIF
CGC
CURLF

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