Green Thumb Industries Buys Minnesota Cannabis Operator…


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green-thumb-industries-buys-minnesota-cannabis-operator…

December 30, 2021 at 8:30 am

Revealed by NCV Newswire

Inexperienced Thumb Enters Minnesota by means of Acquisition of LeafLine Industries
  • Acquisition of certainly one of solely two vertical licenses in Minnesota, together with an working cultivation facility and 5 open retail areas
  • Expands manufacturing capability and scales distribution capabilities whereas broadening entry to medical hashish merchandise for Minnesota sufferers   
  • Will increase nationwide presence to fifteen states; 73 open retail areas nationwide

CHICAGO and VANCOUVER, British Columbia, Dec. 30, 2021 (GLOBE NEWSWIRE) — Inexperienced Thumb Industries Inc. (Inexperienced Thumb) (CSE: GTII) (OTCQX: GTBIF), a number one nationwide hashish shopper packaged items firm and proprietor of RYTHM, Good Inexperienced and incredibles branded hashish merchandise, immediately introduced it has closed on an acquisition of LeafLine Industries (“LeafLine”). As certainly one of solely two licensed cultivators within the Minnesota medical hashish market, LeafLine is licensed to develop, course of and dispense hashish on to sufferers.

We’re excited to enter the Minnesota medical market and broaden entry to hashish merchandise for Minnesota sufferers. We sit up for caring for LeafLine’s current sufferers whereas guaranteeing a seamless transition. And looking out forward, we’re prepared to start offering sufferers entry to high-quality flower and edible merchandise, each of which have been just lately authorized.

Ben Kovler, Inexperienced Thumb Founder and Chief Govt Officer

As we kick off 2022, Inexperienced Thumb is thrilled to welcome over 100 new workforce members, a brand new state and 5 new retail areas.

The acquisition of LeafLine features a cultivation facility and 5 open and working retail areas in Eagan, Hibbing, St. Cloud, St. Paul and Willmar. Inexperienced Thumb may even preserve the chance to confide in three further retail areas within the state.

With the acquisition, Inexperienced Thumb has hashish operations to serve over 50% of the USA inhabitants, together with in: California, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Virginia.

With a inhabitants of practically six million individuals, Minnesota started medical hashish gross sales in 2015 and at present has solely about 29,000 registered lively sufferers in keeping with the Minnesota Division of Well being. The state at present has 17 qualifying circumstances, together with power ache, a number of sclerosis, post-traumatic stress dysfunction and seizures. Merchandise out there embrace vape, tinctures and topicals, with flower and edibles coming later in 2022. Inexperienced Thumb’s presence in Minnesota will additional improve and help the medical hashish affected person neighborhood by means of its high-quality branded merchandise and experiences.

About Inexperienced Thumb Industries:

Inexperienced Thumb Industries Inc. (“Green Thumb”), a nationwide hashish shopper packaged items firm and retailer, promotes well-being by means of the ability of hashish whereas giving again to the communities by which it serves. Inexperienced Thumb manufactures and distributes a portfolio of branded hashish merchandise together with Beboe, Dogwalkers, Physician Solomon’s, Good Inexperienced, incredibles and RYTHM. The corporate additionally owns and operates quickly rising nationwide retail hashish shops referred to as Rise. Headquartered in Chicago, Illinois, Inexperienced Thumb has 17 manufacturing amenities, 73 open retail areas and operations throughout 15 U.S. markets. Established in 2014, Inexperienced Thumb employs roughly 3,600 individuals and serves thousands and thousands of sufferers and prospects annually. The corporate was named to Crain’s Quick 50 record in 2021 and a Greatest Office by MG Retailer journal in 2018, 2019 and 2021. Extra info is on the market at www.GTIgrows.com.

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Revealed by NCV Newswire

The NCV Newswire by New Hashish Ventures goals to curate prime quality content material and details about main hashish corporations to assist our readers filter out the noise and to remain on prime of crucial hashish enterprise information. The NCV Newswire is hand-curated by an editor and never automated in anyway. Have a confidential information tip? Get in contact.


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