Craig-Hallum raised the firm’s price target on Green Thumb Industries to $16 from $14 and keeps a Buy rating on the shares. Despite persistent price headwinds and onerous tax penalties for cannabis operators, Green Thumb managed to expand full year gross and EBITDA margins slightly in 2023 and generate $225M in cash flow from operations, the firm says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GTBIF:
- Green Thumb Industries Unveils Unofficial 2023 Financials
- Green Thumb Industries Reports Fourth Quarter and Full Year 2023 Results
- GTBIF Upcoming Earnings Report: What to Expect?
- Here’s What You Missed in Cannabis, Psychedelics This Week
- Rising High: Exclusive talk with cannabis market research firm BDSA
