GTI's revenue skyrocketed 265% year over year in the fourth quarter of 2019. This growth was driven in part by the company's new stores opened in Florida, New Jersey, Ohio, and Pennsylvania. GTI is scheduled to report its Q1 results next week. Will its growth taper off because of the COVID-19 outbreak? Don't bet on it.
The legal cannabis market in GTI's home state of Illinois continued to grow in April even with lockdowns in place. Ohio posted record monthly cannabis sales in March. A rising tide lifts all boats, and GTI is one of the biggest boats in the cannabis waters in both of these states.