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Bullboard - Stock Discussion Forum Green Thumb Industries Inc GTBIF


Primary Symbol: C.GTII

Green Thumb Industries Inc. is a cannabis consumer packaged goods company. It is a retailer, which promotes well-being through the power of cannabis while giving back to the communities in which it serves. It has two segments: Retail and Consumer Packaged Goods. The Company owns, manufactures and distributes a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe... see more

CSE:GTII - Post Discussion

Green Thumb Industries Inc > Globe and Mail…
View:
Post by Form001 on Aug 30, 2024 8:27am

Globe and Mail…

 

Globe says Verano, Green Thumb maintained at "buy"

 

2024-08-29 06:44 ET - In the News

See In the News (C-VRNO) Verano Holdings Corp

The Globe and Mail reports in its Thursday, Aug. 29, edition that following the late Tuesday announcement from the U.S. Drug Enforcement Administration that it has postponed its cannabis reclassification hearing until Dec. 2 after the federal election, Eight Capital analyst Ty Collin sees the timing adding "significantly to the political risk involved." The Globe's David Leeder writes that Mr. Collin has reiterated his "buy" ratings for Green Thumb Industries and Verano Holdings with unchanged share targets of $25 and $14. Analysts on average target the shares at $26.54 and $12.27. Mr. Collin says in a note: "Cannabis shares are trading lower off of this news because the date of these hearings pushes out the expected timeline for rescheduling implementation and increases the political risk involved by potentially having the process cross into a new presidential term. Many industry observers (including ourselves) believed that a final rule might be published by/around the Nov. 5 election, with some believing that hearings would be bypassed altogether, which would have mitigated this risk. ... We believe a Harris administration would likely continue with the rescheduling process started under President Biden."

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