September business conference season is now well underway, and the cannabis industry is eager to make high-profile appearances. While male executives have dominated the schedules so far, Green Thumb Industries Inc. (CSE: GTII; OTCQX: GTBIF) is one of dozens of cannabis companies that will buck that trend with the Females to the Front retreat this month.
Green Thumb’s Chief Strategy Officer Jennifer Dooley will appear at the California conference on Sept. 13 to discuss the formation of strategic alliances in the cannabis business.
The four-day conference runs from September 12 – 15 in Palm Springs and will include workshops on the power of branding in the cannabis space, using data mining to grow businesses, and entering the burgeoning infused beverage market.
As medical and recreational legalization arrives at an increasing number of U.S. states and countries abroad, the industry has placed a focus on encouraging women, minorities, and those most impacted by prohibition to join existing companies or launch their own startups.
On that front, last month Green Thumb launched the Illinois Social Equity License Application Assistance Program to offer pro bono consultations in Chicago.
That program assists applicants looking to start cannabis-based businesses in the state who were previously convicted of crimes involving the pre-licensed industry or who live in areas that were most negatively impacted by prohibition.
Following the Females To The Front retreat, Green Thumb’s Head of Capital Markets Andy Grossman will also then appear for a panel discussion at the Eight Capital Global Cannabis Conference in Toronto on Sept. 19.
In other recent news, GTI just released the company’s Q2 2019 financial reports, citing revenue of $44.7 million, which represents a 60% increase from the previous quarter. Green Thumb’s net loss for the quarter was reported at $22.2 million.
Although Green Thumb’s stock has followed the overall downward industry trend over the last year, the price is currently holding steady from its position last month, trading at $9.14 a share as of Thursday afternoon.
While the drop for Green Thumb has been less pronounced than with other cannabis companies that have been in freefall for months, the current $9.14 price is still noticeably down from a high of $16.20 back in April.
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