Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Down – Here’s Why

Green Thumb Industries Inc. (OTCMKTS:GTBIF) gapped down prior to trading on Friday . The stock had previously closed at $6.4470, but opened at $6.13. Green Thumb Industries shares last traded at $6.50, with a volume of 33,148 shares trading hands.

Green Thumb Industries Stock Performance

The company has a market cap of $1.34 billion, a price-to-earnings ratio of 13.44 and a beta of 1.15. The firm’s 50 day simple moving average is $7.17 and its 200-day simple moving average is $7.43.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.