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Green Thumb Industries (GTI) Announces Rise Amherst Will Begin Adult Use Cannabis Sales on May 12

811 Days ago

First Cannabis Store to Open for Adult Use in Amherst, Massachusetts

CHICAGO and AMHERST, Mass., May 08, 2019 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of the retail chain Rise™, today announced that Rise Amherst will begin selling cannabis to adults aged 21 and over on May 12, 2019. The store will continue to offer exceptional care to medical cannabis patients with a separate consultation space, retail floor, checkout area and exit for people with a valid Commonwealth of Massachusetts medical card.

“GTI’s mission is to empower the right to wellness by progressing the responsible adult use of cannabis through innovative branded products and people-first retail experiences while remaining committed to the community,” said GTI Founder and CEO Ben Kovler. “We’re thrilled to be able to serve the people of Amherst, where we’ve been part of the community for nearly a year.”

Amherst is the highest populated municipality in Hampshire County and, along with surrounding communities, is home to the Five College Consortium in Western Massachusetts which includes Amherst College, Hampshire College, Mount Holyoke College, Smith College and the University of Massachusetts – Amherst.

“Rise Amherst and Green Thumb Industries have been considerate neighbors and active community members since May 2018,” said Executive Director of the Amherst Area Chamber of Commerce Claudia Pazmany.  “We welcome this addition to their business and the increased tax revenue it will contribute to Massachusetts and our neighborhoods.”

For information on responsible adult cannabis use in Massachusetts please visit the Adult Use section at Mass.gov and the frequently asked questions from the Massachusetts Cannabis Control Commission.

Rise Amherst is located at 169 Meadow Street in Amherst. Hours are Monday through Saturday 9:00 am to 8:00 pm and Sunday 11:00 am to 6:00 pm. Grand opening hours on Sunday, May 12 are 10:00 am to 8:00 pm.

About Green Thumb Industries:
Green Thumb Industries (GTI), a national cannabis consumer packaged goods company and retailer, is dedicated to providing dignified access to cannabis while giving back to the communities in which they serve. GTI manufactures and distributes a portfolio of branded cannabis products including Rythm, Dogwalkers, The Feel Collection, and Beboe, among others. The company also owns and operates a rapidly growing national chain of retail cannabis stores called Rise™. Headquartered in Chicago, Illinois, GTI has 11 manufacturing facilities, licenses for 77 retail locations and operations across 12 U.S. markets. Established in 2014, GTI employs approximately 650 people and serves thousands of patients and customers each year. GTI was named a Best Workplace 2018 by Crain’s Chicago Business.  More information is available at GTIgrows.com.

Investor Contact:     
Jennifer Dooley                                  
Chief Strategy Officer                        

Media Contact:
Linda Marsicano
VP, Corporate Communications

Source: Green Thumb Industries

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f77fa6bd-9770-4415-8686-1a83ba3854d3

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