Green Thumb Target Price From Cantech letter https://www.cantechletter.com/2020/01/these-are-the-top-tech-picks-from-echelon-wealth-partners/
The only cannabis play to make the list is returning candidate Green Thumb Industries (Green Thumb Industries Stock Quote, Chart, News CSE:GTII) which delivered an impressive 18.3 per cent over the last quarter at a time when the overall industry kept tanking (the Horizons Marijuana Life Sciences ETF) for example, was down 24 per cent for the quarter).
Analyst Matthew Pallotta says GTII checks all the right boxes for the current cannabis environment.
“In our view, GTI remains exceptionally well positioned and de-risked relative to the MSOs we have toured and/or reviewed. The Company has conservatively executed its expansion plans and capital management, helping to insulate itself from the pitfalls of the “land-grab” expansion strategy undertaken by many of its now over-extended peers. The Company has also managed to post some of, if not, the strongest EBITDA margins (19% for Q319) to date for any MSO with a comparably expansive multi-state platform. The strong portfolio of assets also provides excellent visibility towards growth in 2020 and thereafter,” wrote Pallotta in a January 6 update to clients.
The analyst has reiterated his “Buy” rating and $24.00 target, which at press represented a projected return of 99 per cent.