Green Thumb losses nearly triple as revenue climbs

Green Thumb Industries Inc. reported Tuesday fourth-quarter net losses attributable to the company of $3.1 million, or 2 cents a share, compared with $2.4 million, but did not include a per-share figure, in the year-prior quarter. Green Thumb reported net losses including non-controlling interest of $8.9 million for the fourth quarter. Net discounts that it did not describe in the earnings release, Green Thumb said revenue rose to $20.7 million from $6.2 million in the year-ago quarter. The company, which lists on the Canadian Securities Exchange under the ticker symbol GTII as well as over the counter in the U.S., does not receive enough analyst coverage to generate a reliable FactSet consensus estimate. Green Thumb stock has gained 128% in the past year. The ETFMG Alternative Harvest ETF has gained 32%, as the Horizons Marijuana Life Sciences Index ETF rose 46%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Source

Leave A Reply

Your email address will not be published.