Update on Green Thumb Industries, GTBIF

in cannabis •  22 days ago

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It looks like a lot of listings are listing the incorrect share numbers for GTBIF. It has many more outstanding shares than I previously had thought. There would now be about 145 million outstanding shares, that puts it at a valuation of about 1.5 billion. Nothing has really changed about my outlook, I think this stock can go to at least 20 billion, but I am a bit bummed that I am entering at a number higher market cap than I previously thought. It is very confirming of my belief in the company that it has already achieved a 1.5 billion market cap.

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