Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Up 13.5% – Here’s What Happened

Green Thumb Industries Inc. (OTCMKTS:GTBIF) shares rose 13.5% during mid-day trading on Wednesday . The company traded as high as $8.55 and last traded at $8.17. Approximately 548,009 shares were traded during trading, an increase of 2% from the average daily volume of 537,276 shares. The stock had previously closed at $7.2005.

Green Thumb Industries Stock Up 6.8%

The company has a market cap of $1.50 billion, a PE ratio of 15.02 and a beta of 1.12. The business’s 50 day moving average price is $6.61 and its 200-day moving average price is $7.12.

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.