CHICAGO and VANCOUVER, British Columbia, Oct. 19, 2022 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national consumer packaged cannabis product company and owner of ASCEND Dispensaries, today announced plans to expand its medical retail presence in Florida through a lease agreement with global convenience store retailer Circle K. Beginning in 2023, Green Thumb plans to launch its test and learn phase of the rollout with approximately ten “RISE Express” branded dispensaries adjacent to Circle K stores in various Florida locations.
Through this exclusive agreement, Green Thumb can lease space from Circle K in Florida, where the retailer currently operates approximately 600 locations. “RISE Express” stores will offer patients a selection of branded cannabis products, including RYTHM premium flowers, Dogwalkers pre-rolls, amazing gummies and &Shine vapes.
“The opening of RISE Express stores in Circle K stores is a game-changer. Convenience is a strong channel in retail, and people want greater access to cannabis,” said Ben Kovler, Founder and CEO. general from Green Thumb.”The new RISE Express model is a huge step forward in making it easier and more efficient for patients to purchase high-quality cannabis as part of their daily routine when they stop by their convenience store. local.”
Products available at these retail stores will come from the company’s new 28-acre grow facility in Ocala which will be operational by the end of 2022. Green Thumb entered the Florida market in 2018 and owns and operates currently medical cannabis retail stores in Bonita Springs. , Deerfield Beach, Hallandale Beach, Kendall, Oviedo, Pinellas Park and West Palm Beach. The Company also has an existing cultivation and processing facility in Homestead.
According to the Florida Department of Health, more than 700,000 Floridians are currently registered active cardholders in the state’s medical marijuana program. For more information on Florida’s Medical Marijuana Program, visit www.knowthefactsmmj.com.
About Green Thumb Industries:
Green Thumb Industries Inc. (“Green Thumb”), a national cannabis consumer packaged goods company and retailer, promotes wellness through the power of cannabis while giving back to the communities in which it serves. Green Thumb manufactures and distributes a portfolio of branded cannabis products including &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, Incredibles and RYTHM. The company also owns and operates rapidly growing national cannabis retail stores called RISE. Based in Chicago, Illinois, Green Thumb has 17 manufacturing facilities, 77 open retail locations and operations in 15 US markets. Founded in 2014, Green Thumb employs approximately 4,000 people and serves millions of patients and customers each year. The company was named to Crain’s Chicago Business Fast 50 list in 2021 and 2022 and MG Retailer Magazine’s Best Workplaces list in 2018, 2019 and 2021. More information is available at www.GTIgrows.com.
Caution Regarding Forward-Looking Information
This press release contains statements that 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 contained in this press release is based on expectations of future events that management believes are reasonable. Any forward-looking information speaks only as of the date it is made and, except as required by law, Green Thumb undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this press 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 expressed or implied. When reviewing these forward-looking statements, readers should keep in mind the risk factors and other cautionary statements contained in public filings by Green Thumb with applicable securities regulatory authorities, including with the United States Securities and Exchange Commission on its website at www.sec.gov and with the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.comas well as on the Green Thumb website at https://investors.gtigrows.comincluding in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021.
Source: Green Thumb Industries
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