Hallmark Capital Management Discloses brand new Stake in Green Thumb

In a recent Form 13F-HR filed with all the U.S. Securities and Exchange Commission, Wayne, brand new Jersey-based investment advisory company Hallmark Capital Management Inc. disclosed so it took a brand new place in multi-state cannabis operator Green Thumb Industries Inc. (CSE:GTII) (OTC:GTBIF).

According to Bloomberg, Hallmark Capital Management “provides profile construction, economic preparation, and investment administration solutions to people, trusts, investment businesses, and retirement plans,” with a primary consider clients into the State of the latest Jersey.

Now that nj-new jersey voters have actually legalized recreational/adult-use cannabis, Green Thumb Industries is one of several general public businesses set to profit big because it has already been certified to work one cultivation that is medical processing facility and up to three retail medical cannabis dispensaries in New Jersey thanks to its vertically integrated license.

With over $1.8 billion in assets under management as of a recent Form ADV, Hallmark Capital Management Inc.’s recent purchase of 9,000 shares of Green Thumb Industries Inc. amounts to a tiny allocation that is little the company. Irrespective, it’s a bullish sign that institutional investors and cash supervisors like Hallmark Capital Management Inc. are purchasing stocks of GTBIF. As for the close on Wednesday, February third, 2021, the 9,000 stocks had been well worth $288,000 USD.

We’ll continue observe 13F filings to see just what investors that are institutional up to. In the meantime, be sure to subscribe to updates here so you never miss an development that is important

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