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Green Thumb Industries Inc. reports developments for a U.S. cannabis consumer packaged goods and retail business built around licensed branded products and RISE Dispensaries. Company news recurring themes include GAAP financial results, consumer packaged goods gross revenue, retail performance across state markets, medical and adult-use cannabis regulation, and brand licensing for RYTHM, incredibles, Dogwalkers, Beboe, &Shine, Doctor Solomon’s and Good Green.
Updates also cover capital allocation through subordinate voting share repurchases, senior debt financing, strategic investments, and social impact reporting under the Growing For Good program.
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Green Thumb Industries has appointed Ethan Nadelmann to its board of directors as an independent member and compensation committee member. Nadelmann brings over 35 years of experience in cannabis policy reform, having founded the Drug Policy Alliance and co-founded the International Harm Reduction Development Program. His advocacy efforts have significantly influenced cannabis legislation.
Ben Kovler, CEO, emphasized Nadelmann's expertise in shifting public opinion and advancing legalization, expecting his contributions to enhance the company's mission. Green Thumb operates nationally with 18 manufacturing facilities and 79 retail locations across 15 U.S. markets, employing around 4,000 people.
Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) announces an official after-party featuring LP Giobbi following Dead & Company’s performance in Chicago on June 9, 2023. This event, held at the Metro, aims to connect music and cannabis culture, with a portion of the proceeds benefiting Femme House, an organization supporting women and gender-expansive individuals in the music industry. LP Giobbi, a dedicated fan, is celebrated for her unique remixes of the Grateful Dead's music. Green Thumb's RYTHM brand, a premium cannabis line, emphasizes this partnership's harmony with music. The company operates across 15 U.S. markets with 79 retail locations and 18 manufacturing facilities, promoting a diverse range of cannabis products.
Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) has opened RISE Grove City, the 79th retail location in the U.S. for its cannabis retail chain, RISE Dispensaries. The opening occurred on April 17, 2023, with profits from the first day donated to the Grove City Community Food Pantry, enhancing community support. Tim Hawkins, General Manager, emphasized the importance of expanding access to cannabis while impacting community well-being. Green Thumb has been operating in Pennsylvania since 2017, with a cultivation facility in Danville producing branded products. RISE Grove City aims to provide crucial services, including virtual consultations and home delivery, to enhance cannabis access. The dispensary is located at 225 Westside Square Drive, with operating hours from 9 a.m. to 8 p.m. on weekdays.