Green Thumb Industries (GTBIF) PT Lowered to $7 at Benchmark

Benchmark analyst Mike Hickey lowered the price target on Green Thumb Industries (OTC: GTBIF) to $7.00 (from $10.00) while maintaining a Buy rating.

The analyst commented, "On May 7, 2025, Green Thumb Industries reported Q1 2025 results that came in slightly below consensus on the top line, with revenue of $280M versus expectations of $284M, while AEBITDA of $85M met consensus. The company generated $74M in operating cash flow, reinforcing its reputation for capital discipline and financial resilience despite persistent pricing pressure, rising retail competition, and increasing macro and regulatory uncertainty. Management reiterated that DEA rescheduling is unlikely in the near term and flagged that proposed tariffs on imported components, though still evolving, could increase supply chain costs. Despite these headwinds, Green Thumb’s $211M cash position and $258M in working capital support continued investment, opportunistic M&A, and downside protection amid sector volatility."

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