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  5. GTII: I've been readingaboutthe over supply of cannabis. [Green Thumb Industries Inc]
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Q: I've been readingaboutthe over supply of cannabis. Is this company a hold or sell? I'm currently down 33%. Thanks
Asked by Charles on June 07, 2023
5i Research Answer:

The industry is certainly still struggling, and another (small) company went bankrupt this week. GTII has debt, but it is profitable, at least. But with weak momentum and a high valuation for the sector (33X earnings) we do think it rates a sell, considering the sector outlook.