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Green Thumb Industries Price Target Raised By Cantor As It Reports Q2 2021 Results And 85.4% YoY Spike In Revenue

Green Thumb Industries Price Target Raised By Cantor As It Reports Q2 2021 Results And 85.4% YoY Spike In Revenue

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Cannabis company Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), the owner of Rise Dispensaries, revealed on Wednesday after the market close that its revenue spiked 85.4% year-over-year and 14.1% sequentially – 7% above FactSet consensus – reaching $221.9 million in the quarter ended June 30, 2021. In its second-quarter earnings report, the company posted a positive adjusted EBITDA of $79.3 million, which accounted for 35.7% of revenue, representing an 11.1% sequential improvement or 6% above FactSet consensus.

...read full article on Benzinga

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