Added to YB: 2021-03-11
Pitch date: 2021-03-11
GTBIF [bullish]
Green Thumb Industries Inc.
-73.78%
current return
Author Info
No bio for this author
Company Info
Green Thumb Industries Inc. manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States.
Market Cap
CAD 1.7B
Pitch Price
CAD 40.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.15
P/E
13.97
EV/Sales
1.63
Sector
Pharmaceuticals
Category
growth
Green Thumb Industries is growing like a weed, pun intended
GTBIF: Green Thumb Industries’ cash management and operating discipline support a leading position in U.S. cannabis: estimated 2020 sales of $545M imply growth above 150%, Q3 same-store sales rose more than 65%, and EBITDA margin reached 31% from negative 24.7% in 2017. Applying the 14.5x peer-median price/sales multiple implies a $7.9B valuation, 16% upside, though the case depends on continued state legalization, store productivity and margin improvement.
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