Green Thumb Industries Publishes Inaugural Social Impact Report

Rhea-AI Summary

Green Thumb Industries (GTBIF) has launched its first Social Impact Report, detailing initiatives across four key areas: Community Engagement, Diversity, Equity & Inclusion, Restorative Justice, and Environmental Stewardship. The company has contributed over $3.5 million since 2021 to support various organizations and initiatives. Highlights include nearly $600,000 donated to community organizations, over $1.5 million directed towards nonprofit groups assisting communities affected by the War on Drugs, and innovative measures to reduce environmental impact. Founder Ben Kovler emphasized the ongoing commitment to amplifying positive community impact.

Positive

• Contributed over $3.5 million to various organizations since 2021 through grants and programs.
• Provided nearly $600,000 to community organizations nationwide through retail giving.
• Directed over $1.5 million to support Black and Brown communities via its Good Green brand.

Negative

• None.

CHICAGO and VANCOUVER, British Columbia, Feb. 08, 2023 (GLOBE NEWSWIRE) --  Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced the release of its inaugural Social Impact Report, which provides an overview of the Company’s most recent initiatives across its four “Growing for Good" pillars: Community Engagement; Diversity, Equity & Inclusion; Restorative Justice; and Environmental Stewardship.

“Creating a positive impact in communities has been a core part of Green Thumb’s mission since our founding. Cannabis has the power to spread positivity in endless ways, and our goal is to amplify that impact through our Growing for Good program,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler. “While I am incredibly proud of our progress, there is still a lot to be done. We are committed to building on our efforts and look forward to sharing our continued progress.”

Since 2021, Green Thumb has given more than $3.5 million to organizations nationwide through grants, retail giving programs, cannabis education scholarships, and efforts to increase voter participation in support of cannabis policy reform. Other highlights from Green Thumb’s Social Impact Report include:

• Community Engagement: Empowered Green Thumb team members with resources needed to support and volunteer with local nonprofits, contributing nearly $600,000 to community organizations nationwide through retail giving programs.
• Diversity, Equity & Inclusion: Created a more inclusive cannabis culture—within Green Thumb and the industry—through the launch of Employee Resource Groups and support of diverse entrepreneurs and organizations that intersect with communities such as LGBTQ+, women, veterans and people with disabilities.
• Restorative Justice: Partnered with organizations that enact real, positive change in Black and Brown communities disproportionately affected by the War on Drugs through its brand Good Green, contributing more than $1.5 million in funding to nonprofit organizations nationwide.
• Environmental Stewardship: Innovated and improved our growing, manufacturing and packaging processes as we continue to reduce our environmental impact.

To view the full report, please visit https://www.gtigrows.com/social-impact-report.

About Green Thumb Industries:
Green Thumb Industries Inc. (“Green Thumb”), 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 &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles and RYTHM. The company also owns and operates rapidly growing national retail cannabis stores called RISE. Headquartered in Chicago, Illinois, Green Thumb has 18 manufacturing facilities, 77 open retail locations and operations across 15 U.S. markets. Established in 2014, Green Thumb employs approximately 3,800 people and serves millions of patients and customers each year. The company was named to Crain’s Chicago Business Fast 50 list in 2021 and 2022 and a Best Workplace by MG Retailer magazine in 2018, 2019 and 2021. More information is available at www.GTIgrows.com.

Investor Contact:
Andy Grossman
EVP, Capital Markets & Investor Relations
InvestorRelations@gtigrows.com
310-622-8257

Media Contact:
MATTIO Communications
GTI@mattio.com

FAQ

What is the significance of Green Thumb Industries' Social Impact Report?

The Social Impact Report highlights Green Thumb's initiatives aimed at enhancing community welfare, promoting diversity, and addressing environmental concerns.

How much has Green Thumb Industries invested in community initiatives since 2021?

Since 2021, Green Thumb Industries has invested over $3.5 million in community initiatives and organizations.

What are the key pillars of Green Thumb's 'Growing for Good' program?

The 'Growing for Good' program focuses on Community Engagement, Diversity, Equity & Inclusion, Restorative Justice, and Environmental Stewardship.

How does Green Thumb Industries support diversity and inclusion?

Green Thumb supports diversity through Employee Resource Groups and initiatives that uplift diverse entrepreneurs and organizations.

What environmental initiatives has Green Thumb Industries undertaken?

Green Thumb is innovating its growing and manufacturing processes to reduce its environmental footprint.