#1 - Green Thumb Industries (OTCMKTS:GTBIF)
The cannabis sector continues to be a tough trade. However, this industry is likely to show significant growth in the coming years, and there will be some consolidation. Therefore, the best buying model applies here and leads to Green Thumb Industries Inc. (OTCMKTS: GTBIF). The company supplies both medical use and recreational cannabis in areas of the United States in which cannabis is legal.
According to analyst firms such as Statista and Grand View Research, growth in the cannabis market is expected to triple that of beer and tobacco on a percentage basis. Nevertheless, this is a sector that faces significant headwinds due to marijuana’s continued classification as a Schedule 1 drug. This will continue to make it challenging for companies like Green Thumb to get the funding they need.
However, analysts continue to be bullish on GTBIF stock, which, as of this writing, has a consensus price target of $16.10, which would be a 138% gain.
About Green Thumb Industries
Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.
More- Current Price
- $7.11
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 5 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $16.50 (132.1% Upside)
