Mr. Ben Kovler reports

GREEN THUMB INDUSTRIES (GTI) CLOSES ON ACQUISITION OF ADVANCED GROW LABS LLC; ENTERS CONNECTICUT MARKET

Green Thumb Industries Inc. has closed on its acquisition of Connecticut-based Advanced Grow Labs LLC, previously announced on Jan. 7, 2019. Advanced Grow is one of only four companies in Connecticut licensed to grow and process cannabis. The Connecticut-based cannabis company operates a 41,000-square-foot manufacturing facility in West Haven with the potential to expand. In addition, Advanced Grow has an ownership stake in a recently awarded dispensary that will be located in Westport, which makes it the only vertically licensed company in the state. Advanced Grow produces and distributes a wide range of cannabis products to every operating store in the state.

"We continue to execute on GTI's expansion plans and are thrilled AGL is officially part of the GTI team," said Green Thumb founder and chief executive officer Ben Kovler. "AGL is a highly successful company in a limited licence state with an excellent leadership team that will continue to be at the helm of this business. We are now solidly positioned in the tristate area with this entry into Connecticut."

The Connecticut medical marijuana program currently has more than 30,000 patients and over 1,000 registered physicians. The program has 31 qualifying conditions and accepts petitions from the public to consider adding additional conditions for which medical marijuana can be useful. With a population of about 3.6 million, the state has four cultivation and processing sites and 18 dispensaries.

"Green Thumb Industries is the partner of choice in the cannabis space and the entire AGL team is honoured to be on board at GTI," said Advanced Grow founder and chief executive officer David Lipton. "This partnership will support AGL's expansion to meet the growing needs of Connecticut's medical marijuana patients now and as the program matures."

About Green Thumb Industries Inc.

Green Thumb Industries, a national cannabis cultivator, processor and dispensary operator, is dedicated to providing dignified access to safe and effective cannabis nationwide while giving back to the communities in which it serves. As a vertically integrated company, the company manufactures and sells a well-rounded suite of branded cannabis products including flower, concentrates, edibles and topicals. The company also owns and operates a rapidly growing national chain of retail cannabis stores called Rise. Headquartered in Chicago, Ill., the company has 10 manufacturing facilities and licences for 70 retail locations across nine highly regulated United States markets.