Is Green Thumb the Safest Cannabis Stock to Own Right Now?
Strong fundamentals separate Green Thumb from its peers.
Overview
The cannabis industry has taught investors a painful lesson over the past five years: Revenue growth means very little if a company can't generate cash. Dozens of operators expanded too quickly, took on excessive debt, or repeatedly diluted shareholders to stay afloat.
Green Thumb Industries (OTC: GTBIF) largely avoided those mistakes. And that's why the company has earned a reputation as one of the cannabis sector's best-run companies. Its Q1 results reinforced that idea.
Details
Revenue increased 7.4% year over year to $300.2 million, while the company generated $76 million in operating cash flow, produced $93.5 million in normalized EBITDA (earnings before interest, taxes, depreciation, and amortization), and remained profitable with generally accepted accounting principles (GAAP) net income of $15.4 million.
Source
Originally published at www.fool.com.