Is Green Thumb Industries Stock a Buy Now?
Green Thumb Industries (OTC: GTBIF) is one of the stars of the marijuana industry in the U.S., and that's why many investors are wondering whether it's ripe for investment. But with its shares collapsing by 49.9% over the last year, alongside many of its competitors, some hesitation is entirely understandable and warranted.
So is Green Thumb a good pick at the moment, or will it burn your money? Let's figure it out.
Green Thumb is a typical multi-state operator (MSO) in the cannabis industry, producing a wide array of marijuana goodies ranging from tinctures to pre-rolls, vaporizers, and dried bud. It presently competes in enough state markets to serve roughly 50% of the population of the U.S., which is quite an accomplishment for a business that has only 77 stores as of early 2023. Sales from those locations brought in $259.3 million in Q4 of 2022, a 6.4% rise year over year, while the number of units sold climbed by 28%.
Source Fool.com
