CHICAGO and CLEVELAND, July 30, 2019 (GLOBE NEWSWIRE) — Green Thumb Industries (GTI) (CSE: GTII) (OTCQX: GTBIF), a top national cannabis customer goods corporation and owner of Rise™ and Essence retail retailers, announced it will open its 27th place, Rise Cleveland, on August 1. This is the third Rise™ shop in Ohio and the city’s very first cannabis retail shop. Rise Cleveland is in downtown Cleveland close to Progressive Field and Rocket Mortgage FieldHouse.
Rise™ opened dispensaries in Lorain and Toledo earlier this year and has licenses to open up to 5 cannabis retailers in the state such as two in Lakewood on Detroit and Madison Avenues. The corporation was awarded an Ohio processing license earlier this year and will generate GTI’s branded cannabis goods in a facility situated in Toledo.
“We are honored to assist Ohioans workout their suitable to wellness and to be the very first cannabis retail shop to open in Cleveland in such an accessible downtown place,” mentioned GTI Founder and Chief Executive Officer Ben Kovler. “The Rise™ group is also excited to have broken ground on our two Lakewood places which we are operating diligently to open.”
Cleveland is the second biggest city in Ohio. The quantity of registered individuals in Ohio has reached 48,248 as of June 2019. In an evaluation performed in July 2018, a lot more than three.five million Ohioans have qualifying healthcare situations. Estimates count on practically 200,000 to 300,000 individuals will sooner or later participate in the Ohio healthcare marijuana system. These interested in the state’s healthcare marijuana system can pay a visit to https://www.medicalmarijuana.ohio.gov/.
Rise Cleveland is situated at 1222 Prospect Ave. in Cleveland. Hours are Monday by way of Saturday 10 a.m. to 7 p.m. and Sunday from 12 p.m. to five p.m.
About Green Thumb Industries:
Green Thumb Industries (GTI), a national cannabis customer packaged goods corporation and retailer, is committed to offering dignified access to cannabis when providing back to the communities in which they serve. GTI manufactures and distributes a portfolio of branded cannabis goods such as Rythm, Dogwalkers, The Really feel Collection, incredibles and Beboe, amongst other people. The corporation also owns and operates swiftly developing national retail cannabis retailers referred to as Rise™ and Essence. Headquartered in Chicago, Illinois, GTI has 13 manufacturing facilities, licenses for 95 retail places and operations across 12 U.S. markets. Established in 2014, GTI employs around 1,200 persons and serves thousands of individuals and buyers every year. GTI was named a Finest Workplace 2018 by Crain’s Chicago Small business. Much more facts is offered at GTIgrows.com.
Cautionary Note With regards to Forward-Hunting Information and facts
This press release consists of statements which may possibly constitute “forward-seeking information” inside the which means of applicable securities laws, such as statements relating to the plans, intentions, beliefs and present expectations of GTI with respect to future enterprise activities. Forward-seeking facts is typically identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect,” or comparable expressions and contain facts relating to the future path and enterprise objectives of GTI. The forward‐looking facts in this news release is primarily based upon the expectations, estimates, projections, assumptions and views of future events which management believes to be affordable in the situations and expectations relating to common financial and industry situations. Any forward‐looking facts speaks only as of the date on which it is created, and, except as needed by law, GTI does not undertake any obligation to update or revise any forward‐looking facts, whether or not as a outcome of new facts, future events or otherwise. The forward‐looking facts in this news release is topic to a wide variety of recognized and unknown dangers, uncertainties and other elements that could lead to actual events or final results to differ from these express or implied. When thinking about these forward‐looking statements, readers ought to retain in thoughts the danger elements and other cautionary statements in GTI’s public filings with the applicable securities regulatory authorities on SEDAR at www.sedar.com, such as the danger elements set out in GTI’s annual facts type dated July 10, 2018.
The Canadian Securities Exchange does not accept duty for the adequacy or accuracy of this release.
|Investor Speak to:||Media Speak to|
|Jennifer Dooley||Linda Marsicano|
|Chief Method Officer||VP, Corporate Communications|
|[email protected]||[email protected]|
Supply: Green Thumb Industries