In a recently released analyst research report, Seaport Global Securities, LLC analyst, Brett Hundley, reiterated his buy rating on shares of U.S. multi-state cannabis operator Green Thumb Industries Inc. (CSE:GTII) (OTC:GTBIF) with a price target that suggests some noteworthy upside to come.
This analyst update comes just a few days after Green Thumb announced that Integral Associates was awarded a retail dispensary and delivery license by the City of Pasadena, making it one of only six new license awardees in Pasadena. Integral Associates placed first out of 122 retail applications. The Pasadena license was awarded the same day that GTI closed on its acquisition of Integral Associates, which includes the Essence retail stores as well as the award-winning Cannabiotix and Desert Grown Farms cultivation facilities in Nevada.
Raised from $18.00 CAD per share, Brett Hundley’s price target of $19.00 CAD per share implies a potential upside of approximately 30.14% based on the last traded price of $14.60 CAD per share on the CSE.
Be sure to subscribe to updates here so you never miss an important development.
Get Real-Time Updates from MJobserver.com