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Hedgeye Consumables analyst Howard Penney hosted a Fireside chat with Ben Kovler 4/16 at 10 AM EST. Ben serves as the CEO and Chairman of Green Thumb Industries. Ben founded GTI in 2014 and has successfully grown it into a national cannabis consumer packaged goods company and retailer that manufactures and distributes a portfolio of branded cannabis products. If you're interested in accessing more of our Cannabis research, you can learn more about our Consumables Pro product HERE. |
From Howard and the hedgeye cannabis team:
We have been writing on Green Thumb since we launched on the US MSO's back in March 2019, and the stock has been a LONG since we launched. The three key points on why we like GTI at the time were:
- Building a platform (or two)
- Brands, Brands, Brands
- Solid Management and Strong Corporate Governance
We got an overview on some current thinking around:
- Investing for tomorrow - where is the "optionality maximization machine" headed next?
- Capital spending priorities to drive growth in 2021?
- Third-party brand strategy (i.e. Cann & Cookies)
- Some CPG companies have a Loyalty program (i.e. SBUX) is GTI exploring the potential?
- After a pause in 2020, and a capital raise in early 2021, will M&A pick up in 2021?
- Potentials thoughts on NY legalization as the law is written.
- Is it premature to look at the international markets?
...and so much more!
check out a recent note from the hedgeye cannabis team:
Cannabis Insights | A Little MORE, Florida Tracker, Consumption Lounges
