Green Thumb Industries Inc (OTCMKTS:GTBIF) shares have pulled back sharply in recent action. However, this continues to be an interesting story. The company is putting capital work directly for expansion in a market space where ROI is expected to be huge over the next 4 quarters. That suggests any expansion investment is likely to be rewarded by the market over time.
As a case in point, the company just announced that Nutritional High International Inc. (OTCQB: SPLIF), and its wholly-owned subsidiary NH Medicinal Holdings, LLC, has entered into a definitive agreement on October 19, 2018, to sell its fifty percent (50%) membership interest of Illinois-based NH Medicinal Dispensaries, LLC to ILDISP LLC, GTI-Clinic Illinois Holdings, LLC, which is a subsidiary of GTBIF, and Ataraxia, LLC.
Green Thumb Industries Inc (OTCMKTS:GTBIF) as a producer and distributor of cannabis products including flower, concentrates for dabbing and vaporizing, edibles, and topicals. The company markets its products through third party retailers. It also owns and operates a chain of 50 retail stores under the RISE dispensaries name. The company was founded in 2014 and is headquartered in Chicago, Illinois.
The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!
The company is a national cannabis cultivator, processor and dispensary operator, is dedicated to providing dignified access to safe and effective cannabis nationwide while giving back to the communities in which they serve.
As a vertically integrated company, GTI manufactures and sells a well-rounded suite of branded cannabis products including flower, concentrates, edibles, and topicals. The company also owns and operates a rapidly growing national chain of retail cannabis stores called RISE(TM) dispensaries.
Headquartered in Chicago, Illinois, GTI has seven manufacturing facilities and licenses for 50 retail locations across seven highly regulated U.S. markets. Established in 2014, GTI employs more than 350 people and serves hundreds of thousands of patients and customers each year.
The company was actually also named a Best Workplace 2018 by Crain’s Chicago Business.
As noted above, GTBIF just came forward with news that Nutritional High International Inc. (OTCQB: SPLIF), and its wholly-owned subsidiary NH Medicinal Holdings, LLC, has entered into a definitive agreement on October 19, 2018, to sell its fifty percent (50%) membership interest of Illinois-based NH Medicinal Dispensaries, LLC to ILDISP LLC, GTI-Clinic Illinois Holdings, LLC, which is a subsidiary of GTBIF, and Ataraxia, LLC.
That announcement has been met with selling. In all, shares of the stock are now down a total of about -23% over the past five days of trading.
“The Effingham dispensary has been a great asset for us. We won the license in a competitive process and brought in great partners in GTI and Ataraxia,” commented Nutritional High’s Chief Executive Officer Jim Frazier. “With our focus on California, Nevada and the US West Coast, the Southern Illinois dispensary was no longer core to our business and we are pleased to have been able to sell it at a significant gain.”
Green Thumb Industries Inc (OTCMKTS:GTBIF) had no reported sales in its last quarterly financial data. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($0 against $0, respectively).
Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!
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