Green Thumb Industries (OTCMKTS:GTBIF) Trading Up 13.5% – Should You Buy?
by Jessica Moore · The Cerbat GemGreen Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) shares traded up 13.5% during mid-day trading on Wednesday . The stock traded as high as $8.55 and last traded at $8.17. 548,009 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 537,276 shares. The stock had previously closed at $7.2005.
Green Thumb Industries Price Performance
The stock has a market capitalization of $1.70 billion, a PE ratio of 17.04 and a beta of 1.12. The firm’s 50 day simple moving average is $6.58 and its 200 day simple moving average is $7.12.
About Green Thumb Industries
Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.
In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.