Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Up – Should You Buy?

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $6.72, but opened at $6.97. Green Thumb Industries shares last traded at $6.85, with a volume of 57,816 shares trading hands.

Green Thumb Industries Stock Up 8.5%

The stock has a fifty day simple moving average of $6.62 and a 200-day simple moving average of $7.21. The company has a market capitalization of $1.51 billion, a P/E ratio of 15.18 and a beta of 1.12.

About Green Thumb Industries

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.