GREEN THUMB INDUS SUB VTG

CHICAGO and VANCOUVER, British Columbia, July 01, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced it will release second quarter 2024 financial results after the market closes on Monday, August 5, 2024.

Related tickers: GTBIF.

The financial landscapes of Canadian and U.S. cannabis operators showcase distinct paths in the quest for profitability, driven by varying market dynamics and regulatory environments. According to recent financial data from Beacon Securities, the analysis of key financial metrics such as EV/EBITDA and P/CFO ratios reveals crucial insights. U.S. cannabis operators demonstrate a more robust market performance with an average EV/EBITDA ratio of 8.0x, compared to their Canadian counterparts who post a significantly higher average of 20.6x. This disparity indicates that American companies like Curaleaf Holdings, Inc. (OTC: CURA) and Green Thumb Industries Inc. (OTC: GTBIF) are generally priced more attractively relative to their earnings before interest, taxes, depreciation and amortization—a key profitability metric. Moreover, the Price to Cash Flow from Operations (P/CFO), which assesses the value of a company's stock price relative to its operating cash ...Full story available on Benzinga.com

Related tickers: CGC, TRUL, OGI, ACB, TLRY, GTBIF, AAWH.