Why Green Thumb Industries Rose on Thursday Before Tanking by 5%
Not one but two analyst price-target upgrades pushed Green Thumb Industries (OTC: GTBIF) nearly 3% higher on Thursday. Green Thumb, an up-and-coming marijuana multi-state operator (MSOs), is now worth 71.50 Canadian dollars ($56.93) per share, according to Stifel analyst Andrew Partheniou in an update issued Thursday. Given the increased momentum for marijuana reform (read: legalization) and the position of Green Thumb in the very successful Illinois market (which last year formally legalized recreational marijuana), the optimism of both men is justifiable.
