Favorable Commentary On Green Thumb https://finance.yahoo.com/news/3-cannabis-stocks-set-shock-210754495.html
Green Thumb (GTBIF)
Green Thumb Industries isn’t a household name in the cannabis space or busy making large-scale deals, yet the company is targeting December quarter revenues of $75 million or the equivalent of nearly C$100 million. The stock only has a market cap of $2 billion when Canadian companies generating half those revenues top this market valuation.
In the last quarter, Green Thumb generated revenues of $68 million while the company will now benefit substantially from the legalization of adult-use cannabis in Illinois. At the end of January, the company opened the seventh Rise store in Illinois and 41st in the country.
The company is based in Chicago so the Illinois market should provide a big boost to the hometown company, but Green Thumb has operations far beyond Illinois. The company has licenses for 96 retail locations in 12 U.S. markets with 13 manufacturing facilities.
Analysts forecast 2020 revenues topping $460 million placing the company on par with estimates for the Canadian cannabis giants.
The analyst consensus from TipRanks tells a very similar story. Green Thumb has received 6 “buy” ratings in the last three months, with no holds or sells – a clear sign that analysts are impressed with the company’s potential. Shares sell for $8.17, and the average price target of $18.72 gives the stock an eye-opening 130% upside. (See Green Thumb's price targets and analyst ratings on TipRanks)