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Benzinga
Benzinga
Business
Maureen Meehan

Green Thumb Industries' Positive Q3 Report Compels Analyst To Place It Among 'Best-Managed MSOs'

Green Thumb Industries (OTCQX:GTBIF) reported Thursday that its total revenue for Q3 2022 was $261.2 million was up 2.7% sequentially and up 11.8% from $233.7 million in the prior year period. The company noted that its revenue growth was primarily driven by increased retail sales in New Jersey, reflecting the legalization of adult-use cannabis, increased retail sales in Illinois, 12 additional retail locations versus third quarter last year, and increased traffic in the company’s 77 open and operating retail stores.

Cantor Fitzgerald Pablo Zuanic’s Take

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