GTII CN

Green Thumb Industries Inc - Ordinary Shares (Sub Voting)

Consumer, Industrial/Transportation


Presented:10/18/2021
Price:CA$28.30
Cap:$5.08B
Current Price:CA$14.22
Cap:$2.69B

Presented

Date10/18/2021
PriceCA$28.30
Market Cap$5.08B
Ent Value$7.37B
P/E Ratio74.18x
Book ValueCA$6.84
Div Yield0%
Shares O/S224.42M
Ave Daily Vol136,866
Short IntN/A

Current

PriceCA$14.22
Market Cap$2.69B
Green Thumb Industries, Inc. engages in the manufacture and distribution of branded cannabis products. It operates through the Consumer Packaged Goods and Retail segments. The company was founded by Benjamin Kovler on February 18, 2002 and is headquartered in Chicago, IL.

Publicly traded companies mentioned herein: Bank of America Corp (BAC), Canopy Growth Corp (CGC), Cowen Inc (COWN), Cresco Labs Inc (CL CN), Jefferies Financial Group Inc (JEF), Goldman Sachs Group Inc/The (GS), Green Thumb Industries Inc (GTII CN), TerrAscend Corp (TER CN), Tilray Inc (TRLY)

Highlights

The presenter is long shares of Green Thumb Industries Inc (GTII), as well as a basket of cannabis companies (TerrAscend and Cresco Labs), believing US multi-state operators (MSOs) are undervalued and that cannabis will see further legalization and increased consumer adoption over the next 1 - 2 years. Cannabis stocks have generally underperformed as many institutions are unable to invest in the companies, something he believes will change going forward. He thinks well-established US cannabis companies can grow EBITDA 30% - 50% for the next several years, and the stocks are undervalued at ~11x 2022 EBITDA and ~8x 2023 EBITDA estimates relative to CPG companies trading 12x - 15x and growing earnings MSD%.

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Idea Discussion

Commentor 1 - 2 weeks ago

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