20:50:16 EDT Wed 01 May 2024
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Green Thumb Industries Inc
Symbol GTII
Shares Issued 208,070,189
Close 2023-05-23 C$ 10.01
Market Cap C$ 2,082,782,592
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Green Thumb to open 80th retail location May 24

2023-05-23 13:50 ET - News Release

Mr. Ben Kovler reports

GREEN THUMB TO OPEN RISE BRISTOL, ITS 80TH RETAIL LOCATION IN THE NATION, ON MAY 24TH

RISE Bristol, Green Thumb Industries Inc.'s fifth location in Virginia and 80th nationwide, will open on Wednesday, May 24. Profits from the first day of sales will be donated to Virginia NORML .

"We are thrilled to open RISE Bristol in Virginia, further expanding Green Thumb's commitment to providing access to premium cannabis brands," said Green Thumb founder, chairman and chief executive officer Ben Kovler. "RISE Bristol will serve as a place of well-being, compassion and support for medical cannabis patients in Virginia. By opening our doors and donating our first day's profits to Virginia NORML, we stand united in advocating for the rights of patients and the continued advancement of access to cannabis."

Virginia NORML is a non-profit organization and state affiliate of the National Organization for the Reform of Marijuana Laws. Virginia NORML provides a voice in the public policy debate for the overwhelming majority of Virginians who oppose the failed policy of cannabis prohibition in favour of legalizing and regulating responsible adult-use. The organization led the legislative efforts to legalize medical cannabis and is a champion for adult-use in the Commonwealth.

"We are honoured to join RISE Bristol on their opening day and thankful for their support of our continued advocacy on behalf of Virginia's medical cannabis patients," added J.M. Pedini, executive director of Virginia NORML. "Without consumers, there is no industry. This partnership demonstrates not only Green Thumb's support for Virginia NORML's work, but their commitment to prioritizing patients and protecting the rights of responsible consumers."

The new RISE Bristol dispensary is located at 780 Gate City Highway, conveniently located off I-81 for locals and visitors alike and adjacent to the future Hard Rock Casino. To celebrate, RISE Dispensary Bristol will host a grand opening event on Saturday, June 10, featuring special discounts, music and treats. RISE Bristol's regular hours are Monday through Thursday and Saturday from 9 a.m. to 7 p.m., Friday from 9 a.m. to 8 p.m. and Sunday from 1 p.m. to 5 p.m.

Green Thumb entered the Virginia market in 2021 and currently operates a production facility in Abingdon where the company produces its branded products, including incredibles gummies, Dogwalkers prerolls, Good Green flower, Doctor Solomon's tinctures, and &Shine vapes and flower. RISE Bristol joins the company's existing dispensaries in Abingdon, Christiansburg, Lynchburg and Salem.

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