In a recently released analyst research report, Roth Capital Research Analyst Scott Fortune initiated coverage on shares of multi-state U.S. operator Green Thumb Industries Inc. (CSE:GTII) (OTC:GTBIF) with a buy rating and a bullish price target that suggests some big upside to come.
This comes just before the company is expected to hold a conference call on Thursday, May 30, 2019, at 5:00 pm EST following the release of its Q1 fiscal 2019 financial results after the North American market close.
Scott Fortune’s price target of $31.50 CAD per share implies a potential upside of approximately 49.71% based on the last traded price of $21.04 CAD per share on the Canadian Securities Exchange.
According to TheFly, “Roth Capital analyst Scott Fortune started coverage of Green Thumb Industries with a Buy rating and a C$31.50 price target. Building a “strong” first-mover advantage in areas of the supply chain and the company’s recognized own “house of brands,” the analyst believes will lead to strong revenue growth and capital efficient expansion drives a favorable risk/reward opportunity.”
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