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Green Thumb Industries
GTII-CSE
DON'T BUY
Jan 31, 2025
N/A
Stock price when the opinion was issued
agriculture
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Allan Tong’s Discover Picks GTII had a rough Q1 earlier this year as operating EBITDA margin slid to 28%, though it recovered to 31% in Q2. Q1 also saw a 6% slide in comparable sales as inflation corroded any gains. In Q2, though, revenues climbed 5% and stabilized. Q1 same-store sales fell 6%. To be fair, the market sell-off has been particularly unkind to cannabis stocks. Curaleaf is the better buy here, but in the ever-changing world of weed, GTII is worth keeping on your watch list. Read 3 Cannabis Stocks to go Higher for our full analysis.
agriculture
TOP PICK
It has one of the strongest teams, some of the strongest assets and some of the strongest markets in the cannabis sector. The stock is recovering now with the underlying business continuing to grow. Some of the institutional managers could come back. It is possible for a glut in Cannabis in the U.S. as well as the one already in Canada but some states have limited licenses which is good for companies in those areas.
Buy 22, Hold 0. Sell 0 (Analysts’ price target is $30.77)
agriculture
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With continued negative stock momentum, some debt, and not a lot of growth expected (estimated EPS this year less than 2021) it is hard to get too excited about GTII. There has been some insider buying which is a good sign, but the sector continues to struggle and the stock is down another 14% in January alone. US legislation would certainly help but seems a long time coming. We would not have a lot of interest here.
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