CHICAGO and CLEVELAND, July 30, 2019 (GLOBE NEWSWIRE) — Green Thumb Industries (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer goods company and owner of Rise™ and Essence retail stores, announced it will open its 27th location, Rise Cleveland, on August 1. This is the third Rise™ store in Ohio and the city's first cannabis retail store. Rise Cleveland is in downtown Cleveland near Progressive Field and Rocket Mortgage FieldHouse.
Rise™ opened dispensaries in Lorain and Toledo earlier this year and has licenses to open up to five cannabis stores in the state including two in Lakewood on Detroit and Madison Avenues. The company was awarded an Ohio processing license earlier this year and will produce GTI's branded cannabis products in a facility located in Toledo.
"We are honored to help Ohioans exercise their right to wellness and to be the first cannabis retail store to open in Cleveland in such an accessible downtown location."
– GTI Founder and Chief Executive Officer Ben Kovler.
"The Rise™ team is also excited to have broken ground on our two Lakewood locations which we are working diligently to open," Kovler concluded.
Cleveland is the second largest city in Ohio. The number of registered patients in Ohio has reached 48,248 as of June 2019. In an analysis conducted in July 2018, more than 3.5 million Ohioans have qualifying medical conditions. Estimates expect nearly 200,000 to 300,000 patients will eventually participate in the Ohio medical marijuana program.
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, incredibles and Beboe, among others. The company also owns and operates rapidly growing national retail cannabis stores called Rise™ and Essence. Headquartered in Chicago, Illinois, GTI has 13 manufacturing facilities, licenses for 95 retail locations and operations across 12 U.S. markets. Established in 2014, GTI employs approximately 1,200 people and serves thousands of patients and customers each year. GTI was named a Best Workplace 2018 by Crain's Chicago Business.
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