Green Thumb Industries’ plans to be the first multistate operator to sell marijuana at convenience stores is still in the works, company officials said while reporting revenue of $1.05 billion.
The Chicago-headquartered company remains profitable “regardless of federal reform,” such as marijuana being moved from Schedule 1 to Schedule 3 of the Controlled Substances Act, President Anthony Georgiadis said during a Wednesday earnings call.
ADVERTISEMENT
Green Thumb shares (GTBIF) reached a peak of $13.50 on over-the-counter markets on Thursday morning, up slightly from $12.74 at the end of trading Wednesday.
That’s a significant gain from most of 2023 but still well below the company’s peak share price of $36.77 in early 2021.
The company’s shares also increased on the Canadian Securities Exchange (GTII), from
Read full article on Marijuana Business Daily
