Most cannabis investors are aware that Green Thumb Industries (CSE:GTII) (OTCQX:GTBIF) has been making noise in February. From closing acquisitions—one was in California and the other in Connecticut—to having its shares up during the month, the name Green Thumb Industries has been circulating heavily in the media this month. And today the cycle continued.
Green Thumb Industries: Good News, No Dice
After having a relatively successful month on the stock market, Green Thumb Industries stock fell short on February 28th, closing the day down nearly 3% on the OTC and CSE market. Specifically, GTII stock closed down 2.95%, while GTBIF stock closed down 2.85%. So, did the company announce something to cause pessimism amongst cannabis investors? Hardly.
On Thursday, the cannabis company, which acts as a cultivator and dispensary operator, said Ben Kovler is presenting at the 31st Annual ROTH Conference. Kovler is the CEO and founder of Green Thumb Industries. The conference is at The Ritz Carlton in Laguna Niguel, California; it will take place on March 19th, 2019.
While this is not the type of announcement that would cause the GTBIF stock or GTII stock to skyrocket, it is a respectable one. After all, the ROTH Conference is a must-attend event, especially for those in the small- and mid-cap space. Here, institutional investors, VCs, and executives will watch feature presentations from various private and public companies. Attendees will also be able to mingle with one another.
At the End of the Day
Having the CEO of Green Thumb Industries present at the ROTH Conference is great publicity for the cannabis company. Considering Kovler's presentation will take place during the trading week (it's on a Tuesday), it will be interesting to see if either GTII stock or GTBIF stock move higher on the market as a result.
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Featured image: Canva