CHICAGO and CHAMBERSBURG, Pa., June 08, 2020 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced it will open Rise Chambersburg, its 46th retail location, on June 8. Profits from the first day of sales will be donated to Last Prisoner Project, a nonprofit coalition of cannabis industry leaders, executives, and artists dedicated to bringing restorative justice to the cannabis industry.
“We are grateful to open another Rise™ location in Pennsylvania and to continue to create jobs during the ongoing COVID-19 crisis,” said Green Thumb Founder and Chief Executive Officer Ben Kovler. “Rise Chambersburg is our seventh store opening this year and fifth since the crisis began. We are also honored to donate our first day’s profit to the Last Prisoner Project and to support their important work through our ongoing partnership.”
Mary Bailey, Managing Director of Last Prisoner Project, said: “We are both humbled and grateful for partners like Green Thumb Industries who support our mission to help those negatively and disproportionately affected by the criminalization of cannabis.”
Over 260,000 patients are registered with the Pennsylvania program, including 168,000 active card holders. The industry services about 65,000 patient visits per week with nearly 160,000 products sold weekly. Approximately 2.5 million patient visits have occurred since the program’s inception, yielding $423 million in retail sales and $288 million in wholesale sales. The industry employs over 4,000 people in Pennsylvania.
Rise Chambersburg offers online reservations and in-store pickup for registered Pennsylvania medical cannabis cardholders. Patients may order online at www.risecannabis.com by creating an account and scheduling a pick-up time. They will receive a text message to confirm all reservations and will pick up during their designated time.
In addition to Rise Chambersburg, there are Rise™ retail stores in Pennsylvania in the following locations: Cranberry, Erie, Hermitage, Latrobe, King of Prussia, Mechanicsburg, New Castle, Carlisle, Steelton and York, the last three of which are licensed to KW Ventures. Green Thumb entered the Pennsylvania market in 2017 and operates a manufacturing facility in Danville where the company produces its branded products including Rythm and Dr. Solomon’s.
Rise Chambersburg is located at 1640 Orchard Drive in Chambersburg. Regular hours are Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 10 a.m. to 4 p.m.
About Green Thumb Industries
Green Thumb Industries Inc. (“Green Thumb”), a national cannabis consumer packaged goods company and retailer, promotes well-being through the power of cannabis while giving back to the communities in which they serve. Green Thumb manufactures and distributes a portfolio of branded cannabis products including Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise™ and Essence. Headquartered in Chicago, Illinois, Green Thumb has 13 manufacturing facilities, licenses for 96 retail locations and operations across 12 U.S. markets. Established in 2014, Green Thumb employs over 1,700 people and serves thousands of patients and customers each year. The company was named a Best Workplace 2018 by Crain’s Chicago Business and MG Retailer magazine in 2018 and 2019. More information is available at GTIgrows.com.
About Last Prisoner Project
The Last Prisoner Project (LPP) is a coalition of cannabis industry leaders, executives and artists dedicated to bringing restorative justice to the cannabis industry. As the United States moves away from the criminalization of cannabis, giving rise to a major new industry, there remains the fundamental injustice inflicted upon those who have suffered criminal convictions and the consequences of those convictions. Through intervention, advocacy and awareness campaigns, the forces behind the Last Prisoner Project will work to redress the past and continuing harms of these unjust laws and policies and are dedicated to making sure that every last victimless cannabis prisoner walks free. Visit www.LastPrisonerProject.org or text FREEDOM to 24365 to donate and learn more.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect,” or similar expressions and include information regarding the filing of the Documents and the timing thereof. The forward‐looking information in this news release is based upon the expectations of future events which management believes to be reasonable. Any forward‐looking information speaks only as of the date on which it is made, and, except as required by law, GTI does not undertake any obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise. The forward‐looking information in this news release is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those express or implied. When considering these forward‐looking statements, readers should keep in mind the risk factors and other cautionary statements in GTI’s public filings with the applicable securities regulatory authorities on the SEC’s website at www.sec.gov and on SEDAR at www.sedar.com, including the risk factors set out in the 2nd Amendment to GTI’s Registration Statement on Form 10/A and its Form 10-K.
|Investor Contact:||Media Contact:|
|Jennifer Dooley||Linda Marsicano|
|Chief Strategy Officer||VP, Corporate Communications|
Last Prisoner Project Media Contacts:
Source: Green Thumb Industries