Green Thumb Industries rises on report co is seeking merger with Boston Beer

Boston Beer

04/06/2024 15:38

** Shares of pot firm Green Thumb Industries  GTII.CD  up 2%
at C$16.24
    ** Cannabis producer Green Thumb Industries has expressed
interest in merging with Boston Beer  SAM.N , according to a WSJ
report
    ** SAM shares down 3.1% at $293.28
    ** Green Thumb Chief Executive Ben Kovler sent a letter to
Boston Beer founder and Chairman Jim Koch on Sunday seeking to
discuss a potential combination - report
    ** Letter outlined the potential benefits of a combination,
including allowing Green Thumb – currently listed in Canada and
over-the-counter in the U.S., to be listed on a major U.S.
exchange - report
    ** Including session's move, GTII shares up ~9% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))