Green Thumb Industries Opens Rise Paramus, Its Second Retail Location in New Jersey
Green Thumb Industries (GTI) has opened its second Rise™ dispensary in New Jersey, located in Paramus, marking the 54th store nationwide. The first-day sales will benefit the Paramus Children’s Health Foundation, supporting families facing economic hardship due to children's serious illnesses. CEO Ben Kovler highlighted the new location’s accessibility for over 100,000 registered medical cannabis patients in the state. Rise Paramus offers online reservations for in-store pickups and operates Monday to Friday from 10 a.m. to 7 p.m., and Saturdays from 10 a.m. to 5 p.m.
- Opening of second Rise™ dispensary in New Jersey supports growing market presence.
- First-day profits donated to Paramus Children’s Health Foundation enhance community relations.
- None.
CHICAGO and PARAMUS, N.J., March 16, 2021 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ Dispensaries, announces the opening of Rise Paramus in New Jersey. This is Green Thumb’s second Rise™ location in New Jersey and 54th store in the nation. Profits from the first day of sales will be donated to the Paramus Children’s Health Foundation, which provides financial support to families of children who suffer from a severe illness or injury that results in economic hardship.
“We are honored to open Rise Paramus, which will benefit the thousands of registered medical cannabis patients in Bergen County with its geographical proximity and high-quality products for which Rise™ is known,” said Green Thumb Founder and Chief Executive Officer Ben Kovler. “We are also grateful to support the Paramus Children’s Health Foundation and its impactful work assisting the families of children suffering from serious illnesses.”
Marty Diamond, President of Paramus Children’s Health Foundation said: “The Paramus Children’s Health Foundation is delighted to acknowledge the generosity of Rise Paramus in donating the sales proceeds of its first day of operation to our organization. Children’s health has continued to be a critical issue during the pandemic and these funds will be put to good use to help defray the medical costs of our target population. We welcome Rise Paramus to the community and wish it great success.”
Green Thumb opened its first New Jersey medical cannabis dispensary in Paterson in December 2019. Paterson is also home to Green Thumb’s manufacturing facility that produces and distributes its branded products including Rythm premium flower and vapes. More than 100,000 New Jersey patients are registered active cardholders in the state’s medical marijuana program.
Rise Paramus offers online reservations and in-store pickup for registered New Jersey medical cannabis cardholders. Patients may order online at www.risecannabis.com by creating an account and scheduling a pick-up time. They will receive a text message to confirm all reservations and will pick up during their designated time.
Rise Paramus is located at 145 Route 4 West in Paramus and will be open Monday to Friday from 10 a.m. to 7 p.m. and Saturday from 10 a.m. to 5 p.m. For more information visit www.risecannabis.com.
About Green Thumb Industries:
Green Thumb Industries Inc., a national cannabis consumer packaged goods company and retailer, promotes well-being through the power of cannabis while giving back to the communities in which it serves. Green Thumb manufactures and distributes a portfolio of branded cannabis products including Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise™. Headquartered in Chicago, Illinois, Green Thumb has 13 manufacturing facilities, licenses for 97 retail locations and operations across 12 U.S. markets. Established in 2014, Green Thumb employs over 2,300 people and serves thousands of patients and customers each year. The company was named a Best Workplace 2018 by Crain’s Chicago Business and MG Retailer magazine in 2018 and 2019. More information is available at GTIgrows.com.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect,” or similar expressions and include information regarding the filing of the Documents and the timing thereof. The forward‐looking information in this news release is based upon the expectations of future events which management believes to be reasonable. Any forward‐looking information speaks only as of the date on which it is made, and, except as required by law, GTI does not undertake any obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise. The forward‐looking information in this news release is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those express or implied. When considering these forward‐looking statements, readers should keep in mind the risk factors and other cautionary statements in GTI’s public filings with the applicable securities regulatory authorities on the SEC’s website at www.sec.gov and on SEDAR at www.sedar.com, including the risk factors set out in the 2nd Amendment to GTI’s Registration Statement on Form 10/A and its Form 10-K.
| Investor Contact: | Media Contact: |
| Jennifer Dooley | Linda Marsicano |
| Chief Strategy Officer | VP, Corporate Communications |
| InvestorRelations@gtigrows.com | lmarsicano@gtigrows.com |
| 310-622-8257 | 773-354-2004 |
Source: Green Thumb Industries
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/df487b27-a254-4efd-b56f-fae5725d143c
https://www.globenewswire.com/NewsRoom/AttachmentNg/4fc70a4c-ceac-42d8-a4ec-35c1cbc7c67b
FAQ
What is the significance of the Rise Paramus opening for GTBIF?
How many Rise dispensaries are there nationwide?
What community support is associated with the opening of Rise Paramus?
What are the operating hours for Rise Paramus?
How can patients order from Rise Paramus?
