Mar. 21 at 4:06 PM
$GTBIF: THE MARKET IS DRUNK — BUT NOT ON ALCOHOL
👉If this is helpful to you, tap @NasdaqKnight
Big Alcohol is losing share to cannabis.
The stock market just hasn’t gotten the memo.
$GTBIF numbers that make no sense:
→
$1.2B revenue
→ P/S 1.27x (alcohol peers: 3–5x)
→ P/B 0.76x (below book value)
→ 29.6% EBITDA margin
→ Net cash positive
→ FCF yield 10% even under 280E
This is a profitable, cash-rich business trading like it’s levered to the tits. Meanwhile
$MSOS is up 30% from lows — but GTBIF is still lagging.
The setup:
If 280E gets reformed (bipartisan support growing), EBITDA instantly jumps 30%+. Re-rating to 8–10x EV/EBITDA alone gets you 80–100% upside.
The divergence between fundamentals and price is violent. Either the market wakes up, or the shorts get squeezed.
