It's a challenging time for the cannabis industry and businesses trying to stay afloat amid growing consumer pressure, oversupply in some markets and an evident lack of access to capital. Still, some well-established operators in the space, like Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) seem to be here to stay.
On Tuesday, the cannabis MSO reported fourth-quarter earnings revealing less than a 1% sequential drop in revenue to $259.3 million. Year-to-date sales increased 6.4% due to recreational marijuana sales kicking off in New Jersey and acquisitions made in 2021, Cantor Fitzgerald's analyst Pablo Zuani, who is a speaker at April’s Benzinga Cannabis Capital Conference in Miami, said in his recent note.
The Analyst
Zuanic retained an "Overweight" rating on the company's stock while lowering his 12-month price target …