Monday, September 15, 2025

Latest

Green Thumb Sees Canaccord Raise Price Target Following Earnings Beat

On August 11th, Green Thumb Industries Inc. (CSE: GTII) released its second quarter financial results. The company announced revenues of $221.9 million, up 14.1% sequentially. The company had adjusted EBITDA of $79.3 million and a net income of $22.1 million. The company had a gross profit of $122.9 million, up 10.9%.

Only one analyst raised their 12-month price target on the company, bringing the average consensus up to $59.03 from $57.92 last month. The company has 16 analysts covering the stock with 4 having strong buy ratings and the other 12 have buy ratings. The street high sits at $77 from BTIG while the lowest target comes in at $45.

Canaccord Genuity was the only firm to raise their 12-month price target on Green Thumb, raising it to $56 from $54, while reiterating their buy rating on the stock saying that these results came in better than expected. They also add that three acquisitions that closed after the quarter ended will help Green Thumb going into the next quarter.

Green Thumb beat every one of Canaccord’s estimates. Canaccord estimated revenue to come in at $213.73 million, Gross margins of $121.82 million, adjusted EBITDA to be $77.14 million, and a net income of $11.59 million. The key drivers to the beat were Illinois and Pennsylvania sales coming in sequentially higher while same-store sales grew 7%. For the segments, CPG grew 13% while retail grew 15%.

Below you can see Canaccord’s updated 2021 and 2022 estimates.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Silvercorp Metals: Bank of Montreal Raises Revenues Estimates, Price Target Following Earnings Beat

On Friday, Silvercorp Metals (TSX: SVM) reported their first quarter of fiscal 2021 with revenue...

Monday, August 10, 2020, 05:42:00 PM

General Motors: Analysts Expect Q2 Revenues Of $30.9 Billion

General Motors (NYSE: GM) will be reporting its second quarter financial results before the market...

Tuesday, August 3, 2021, 03:58:00 PM

Canopy Growth Sees Canaccord Lower Target To $10 After Poor Q3 Results

On February 7th, Canopy Growth Corp (TSX: WEED) reported its fiscal third quarter financial results....

Sunday, February 13, 2022, 01:03:00 PM

Tilray: Cantor Slashes Price Target To $7.40 Ahead Of Earnings

Tilray (TSX: TLRY) is expected to report its second fiscal quarter 2022 results on January...

Friday, January 7, 2022, 03:58:00 PM

Raymond James: Village Farms Expected To Post 15% Revenue Increase In Q3

Last night, Raymond James came out with their third quarter estimates for Village Farms (TSX:...

Friday, October 23, 2020, 10:50:08 AM