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Fly News Breaks for August 13, 2019
GTBIF
Aug 13, 2019 | 06:10 EDT
Piper Jaffray analyst Michael Lavery last night initiated coverage of Green Thumb Industries with an Overweight rating and $13 price target. The analyst believes Green Thumb is gaining an "important head start" by building brands, value-added products, and infrastructure in the U.S., which he thinks could be a $70B-$140B opportunity long-term. However, the company operates as a federally illegal business, and "therefore has a valuation overhang accordingly." Lavery considers this an opportunity as he expects federal legalization of marijuana in the next 1.5-4.5 years.
News For GTBIF From the Last 2 Days
GTBIF
Mar 28, 2024 | 11:32 EDT
In this edition of "Rising High," The Fly conducted an exclusive interview with Sundie Seefried, founder and chief executive officer of Safe Harbor Financial (SHFS), a financial services provider to the regulated cannabis industry. Here are some... To see the rest of the story go to thefly.com. See Story Here