CHICAGO and VANCOUVER, British Columbia, March 25, 2021 (GLOBE NEWSWIRE) – Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer products company and owner of Rise ™ Dispensaries Das Announced today, Rise Lake in the Hills, the company’s ninth store in Illinois and 55th in the nation, will open March 31. The profits from the first day of sale will be donated to McHenry County’s Habitat for Humanity, part of a global nonprofit housing company whose vision is a world where everyone has a decent place to live.
“We are honored to open McHenry County’s first cannabis store to improve cannabis access and wellbeing for residents across the area,” said Ben Kovler, founder and chief executive officer of Green Thumb. “Habitat for Humanity has made a positive impact on so many people’s lives since its inception, and we are grateful that we can support their important work through financial support and by working with the McHenry County’s chapter on volunteer initiatives.”
Sara Davis, director of community services for Habitat for Humanity in McHenry County, said, “The Habitat for Humanity family welcomes Rise Lake in the Hills, McHenry County and appreciates the donation and volunteering gift that the Green Thumb team has made Have a positive impact on families in need by helping build strength and stability through safe and affordable housing in our community. We are extremely grateful for their contribution. “
McHenry County is the sixth most populous county in Illinois, with a population of more than 300,000. In addition to Rise Lake in the Hills, there are eight other Rise ™ stores across the state: Rise Canton, Rise Effingham, Rise Joliet, Colorado, Rise Joliet (Rock Creek), Rise Mundelein, Rise Naperville, Rise Niles, and Rise Quincy.
Green Thumb also owns and operates two manufacturing facilities in Rock Island and Oglesby, where it manufactures its award-winning branded products, including Beboe’s luxury line of pastilles and vapes. Dog walker pre-roll joints; Doctor Solomons medical grade drops, lotions and balms; incredible gummies, chocolates and cakes; and Rythm Premium Flower and Vapes.
After legalizing adult cannabis on January 1, 2020, Illinois cannabis sales exceeded $ 1 billion in 2020. The state of Illinois generated $ 175 million in tax revenue from cannabis sales in 2020 and will exceed $ 350 million in 2021 based on tax revenue from January and February 2021.
Rise Lake in the Hills offers online pre-orders for adults 21 and older. Orders can be placed at www.risecannabis.com. Rise Lake in the Hills is located at 270 N. Randall Road in Lake in the Hills and is open Monday through Saturday from 9 a.m. to 8 p.m. and Sunday from 9 a.m. to 7 p.m.
About Green Thumb Industries::
Green Thumb Industries Inc., a national cannabis consumer products company and retailer, promotes wellbeing through the power of cannabis while giving back to the communities where it serves. Green Thumb manufactures and sells a portfolio of branded cannabis products including Beboe, Dogwalkers, Dr. Solomon’s, Incredibles, Rythm, and The Feel Collection. The company also owns and operates a rapidly growing national cannabis retail store called Rise ™. Green Thumb is headquartered in Chicago, Illinois, and has 13 manufacturing facilities, licenses for 97 retail locations, and operations in 12 US markets. Green Thumb was founded in 2014 and has over 2,400 employees. Thousands of patients and customers are cared for every year. The company was named Best Workplace 2018 by Crains Chicago Business and MG Retailer in 2018 and 2019. Visit GTIgrows.com for more information.
Cautionary Statement Regarding Forward-Looking Information
This press release contains statements that may constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding GTI’s plans, intentions, beliefs and current expectations with respect to future business activities. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate.” “Expect” or similar expressions and contain information about the future direction and business goals of GTI. The forward-looking information in this press release is based on expectations, estimates, projections, assumptions and views of future events that management believes to be reasonable under the circumstances and expectations relating to general economic and market conditions. All forward-looking information speaks only as of the date of its publication and GTI assumes no obligation to update or revise any forward-looking information as a result of new information in the future, except as required by events of law or otherwise. The forward-looking information in this press release is subject to a number of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied. In considering these forward-looking statements, readers should consider the risk factors and other cautionary statements in GTI’s public filings with the relevant securities regulators on SEDAR at www.sedar.com, including the risk factors set out in GTI’s annual disclosure form dated July 10th 2018.
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Source: Green Thumb Industries
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