Green Thumb Industries' Q2 Beats on Revenue, Misses on the Bottom Line
Marijuana stock Green Thumb Industries (OTC: GTBIF) has reported Q2 fiscal 2019 results. Its $44.7 million in revenue was almost 230% higher on a year-over-year basis. On the bottom line, however, Green Thumb flipped to a loss of $22.2 million ($0.12 per share) from the year-ago profit of almost $393,000.
Although the revenue figure trounced the average analyst estimate of $36.4 million, expectations were for a net loss of only $0.04 per share.
Image source: Rise Cannabis (Green Thumb Industries).
Source Fool.com
