Green Thumb Industries opening 8th Rise retail store in Illinois.
Green Thumb Industries Inc. (CSE: GTII), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced the expansion of its retail footprint in Illinois with the opening of Rise Niles, the company's eighth store in Illinois and 45th in the nation, on May 28. This is the third adult-use only store Green Thumb has opened in Illinois this year. The company has opened a total of six stores across the country year-to-date.
We are thrilled to open our eighth store in our home state of Illinois and look forward to being active community partners and good neighbors in Niles.Ben Kovler, Founder and Chief Executive Officer
Green Thumb's retail footprint in Illinois includes seven additional locations across the state: Rise Canton, Rise Effingham, Rise Joliet, Rise Mundelein, Rise Quincy, 3C Joliet and 3C Naperville. All but 3C Naperville offer adult-use sales. The company also has manufacturing facilities in Rock Island and Oglesby where it produces its high-quality branded products including Dogwalkers, incredibles, Rythm and The Feel Collection.
"Our team remains nimble, diligent, and committed to fulfilling our responsibility for a safe and successful adult-use program in Illinois," said Green Thumb Founder and Chief Executive Officer Ben Kovler. "We have continued to move forward through the ongoing COVID-19 crisis to provide jobs and much needed access to well-being through the power of cannabis during these difficult times, as demonstrated by the opening of Rise Niles, our fourth opening since the crisis began. Our retail team has pivoted quickly and efficiently as regulations evolve and we are profoundly grateful for their dedication and service to our customers."
In April, adult-use cannabis sales remained strong in Illinois and reached over $37 million, topping sales from the previous two months. The state has reported approximately $148 million in adult-use sales since January 1 when cannabis was legalized for adults 21 and over. Experts estimate the Illinois market potential is $2.5 billion after maturation.
Rise Niles will currently offer online pre-ordering for adults 21 and older. Orders may be made at www.risecannabis.com. Rise Niles is located at 9621 N. Milwaukee Avenue in Niles and will be open Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 9 a.m. to 6 p.m.
To learn more about Green Thumb Industries, visit the company HQ here.
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