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Green Thumb Industries Inc
Symbol GTII
Shares Issued 209,172,125
Close 2023-06-28 C$ 9.80
Market Cap C$ 2,049,886,825
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Green Thumb's Md. Rise stores to begin adult-use sales

2023-06-29 09:38 ET - News Release

Mr. Ben Kovler reports

RISE DISPENSARIES TO LAUNCH ADULT-USE CANNABIS SALES AT FOUR MARYLAND LOCATIONS ON JULY 1ST

Rise Dispensaries, a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc., will commence adult-use sales at its four Maryland dispensaries beginning Saturday, July 1. Rise Hagerstown, Rise Joppa, Rise Silver Spring and Rise Bethesda will each celebrate the launch of adult-use sales with a ribbon-cutting ceremony at 7:15 a.m. ET ahead of doors opening at 8 a.m. ET, plus music and treats at select locations. Each dispensary will donate a portion of profits from the first day of adult-use sales to a local non-profit organization, including Mission of Love Charities, Explore MD Cannabis and I Support The Girls.

Medical patients and adult-use consumers can explore Green Thumb's diverse collection of cannabis products, including RYTHM premium flower, Dogwalkers prerolls, Beboe socially dosed vapes and incredibles gummies. At each step of the retail experience, knowledgeable Rise personal care specialists are available to guide consumers through the process.

"It is truly an honour to celebrate this milestone alongside the people of Maryland and witness the end of prohibition 2.0, as the 20th state in the country launches adult-use cannabis sales," said Ben Kovler, Green Thumb founder, chairman and chief executive officer. "We believe cannabis promotes positivity, and we are proud to provide access to high-quality cannabis products like RYTHM and Dogwalkers to more people who say yes to well-being."

Anthony Georgiadis, Green Thumb president, added: "As one of the first operators in the state, Green Thumb has been serving Maryland's medical cannabis market since 2017. Now, we are thrilled to open our doors to adult-use consumers for the first time, while continuing to prioritize our amazing medical patients in the welcoming communities of Hagerstown, Joppa, Silver Spring and Bethesda. Our team has worked incredibly hard to prepare for this historic day."

Rise Dispensary Maryland locations include:

  • Rise Hagerstown: 1571 Wesel Blvd., Hagerstown, Md., 21740;
  • Rise Joppa: 702 Pulaski Highway, Joppa, Md., 21085;
  • Rise Silver Spring: 7900 Fenton St., Silver Spring, Md., 20910;
  • Rise Bethesda: 10401 Old Georgetown Rd., Suite 210, Bethesda, Md., 20814.

All stores are open on Saturday, July 1, from 8 a.m. to 8 p.m. For normal hours of operation, product availability, medical patient benefits and other information, please visit the Rise Cannabis website.

About Rise Dispensaries

Rise Dispensaries, a fast-growing national cannabis retailer founded under Chicago-based Green Thumb Industries, promotes social conscience, community impact and well-being through the power of cannabis. Since opening its doors in 2015, Rise has grown its national footprint to 83 retail locations across 14 United States markets, and serves millions of patients and customers each year. Rise Dispensaries lead innovative access to cannabis by offering home delivery, virtual pharmacist consultations, mobile preordering and the first consumption lounge east of the Mississippi at Rise Mundelein, Illinois (services vary by market). Rise locations offer a wide variety of products and award-winning brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM, produced by owner Green Thumb Industries. Rise Rewards members enjoy insider perks, points and first access to products and merchandise.

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