GTBIF Stock Forecast: What to expect in Q2?

GTBIF Stock Forecast: What to expect in Q2?

GTBIF Stock Forecast: The stock is expected to trade between $9.63 and $10.73. The overall recommendation is Buy.

GTBIF Stock Forecast: Latest Price

Green Thumb Stock Forecast: Performance Chart

Stock Name5 Days1 Month6 Months1 Year
GTBIF+10.57%+19.54%-44.21%-66.47%

GTBIF stock Forecast: Latest Tweet

GTBIF Stock Forecast: Today’s Outlook

IndicatorTrend
Overall OutlookPositive
1. Market DataPositive
1a. Market CapHigher
1b. TechnicalBuy
1c. Trading VolumeHigher
2. Crowd’s WisdomPositive
2a. Google Search VolumeHigher
2b. Social Media SentimentHigher

Also Read: SOLO Stock Forecast 2022

GTBIF Stock Forecast 2022

Investors are optimistic about Green Thumb because it is one of the few companies that has managed to be profitable in this industry – this was for consecutive seven quarters. In the previous year, they invested in large-scale infrastructure which is expected to pay off soon. This allowed them to expand quickly when New York and New Jersey announced their regulations. In 2023, Rhode Island and Connecticut regulators will announce the systems for those states. They are finally seeing results of their big investments in 2021.

The company will hold quarter two earnings call on 3rd August, 2022. This year, it has 77 dispensaries in 15 states. It has also exploited the opportunity of limited licensing and tried to build a loyal following. The EPS for Q2 of 2022 is expected to be $0.1 with a revenue of $248.8M. For the fiscal year 2023, its revenue is expected to be $1.3B i.e. 24.7% YoY increase. The EPS is expected to be $0.5 in that period.

Green Thumb Stock Forecast: Latest Video

YouTube video

Green Thumb Stock Forecast: Latest News

  • Innovative Industrial Properties Inc. (IIP) has entered into an agreement with Green Thumb – a reimbursement of $55M was provided for development of an industrial cultivation and processing building.
  • The second quarter 2022 earnings call of Green Thumb will be held on August 3, 2022
  • Earlier this month, Green Thumb opened applications for their non profit grant program – non profit organizations working with black and brown communities will receive financial support.

Green Thumb Stock Forecast: Google Trends

Green Thumb Stock Forecast: Technical Analysis

GTBIF Stock Forecast

– Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions

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