Finance
Hedge fund billionaire Leon Cooperman investing in marijuana
Leon
Cooperman.
Reuters/ Rick
Wilking
-
Hedge fund billionaire Leon Cooperman is a stockholder
in Green Thumb Industries, a publicly-traded marijuana
cultivator and dispensary operator. -
Cooperman confirmed to Business Insider he invested in
GTI personally, rather than through his firm, Omega
Advisors.
Hedge fund billionaire Leon Cooperman is investing in the
marijuana industry. He’s the biggest name so far to purchase
stock directly in a marijuana cultivator.
Cooperman posed a series of detailed questions to Green Thumb
Industries (GTI) CEO Ben Kovler during the company’s Q2 earnings
call on Tuesday afternoon. GTI is a publicly-traded
chain of marijuana dispensaries, cultivators, and distributors
with licenses to operate in a number
of states where marijuana is legal.
Following the call, Cooperman confirmed to Business Insider that
he is a stockholder in the company. …
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