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GE_Jim

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GE_Jim

Re: RigorousGains post# 2788

Wednesday, 11/10/2021 5:39:32 PM

Wednesday, November 10, 2021 5:39:32 PM

Post# of 3044
A little more color -- Green Thumb Industries (OTCQX:GTBIF) saw its Q3 2021 net income increase 14% to $58.1M thanks to strong year-over-year revenue growth.
Revenue in the quarter was $233.7M, ~49% increase from the prior-year period. That beat Street expectations by $1.3M.
In the quarter, Green Thumb generated revenue in all 14 of its markets: California, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Virginia.
Comparable sales growth was 14% based on 48 stores.
The quarter marked the company's expansion into Virginia through its acquisition of Dharma Pharmaceuticals and in Rhode Island through a cultivation and production facility.
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