Green Thumb Industries Kicks Off Marijuana Earnings Season: This Week in Cannabis Investing

Green Thumb Industries reported higher-than-expected Q4 revenue thanks to the legalization of recreational weed in New Jersey.

cannabis gummies and marijuana plant
(Image credit: Getty Images)

This week, Green Thumb Industries (GTBIF) kicked off a busy stretch of fourth-quarter and end-of-year earnings releases from cannabis companies. 

Several announcements have already been released from marijuana stocks that are of less interest due to poor management, balance sheets, capital allocation and business strategy. Those reports have come and gone, primarily forgotten about or noted negatively for continuing with behaviors likely to be punitive to shareholders. 

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Morgan Paxhia
Contributing Writer

Morgan Paxhia is Managing Director and Co-Founder of Poseidon Investment Management. With over 10 years experience in investing and finance, Morgan has developed a deep understanding of individual company analysis, portfolio construction, and risk mitigation. This content is not intended to provide any investment, financial, legal, regulatory, accounting, tax or similar advice, and nothing should be construed as a recommendation by Poseidon Investment Management, LLC, its affiliates, or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. An investment in any strategy involves a high degree of risk and there is always the possibility of loss, including the loss of principal. This content should not be considered as an offer or solicitation to purchase or sell securities or other services. Any of the securities identified and described herein are for illustrative purposes only.  Their selection was based upon nonperformance-based objective criteria. The content presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Past performance is not indicative of future results.