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Green Thumb Expands Florida Retail Footprint with New RISE Dispensary in Dunnellon, its 15th Location in the Sunshine State

Green Thumb Industries
·5 min read

CHICAGO and VANCOUVER, British Columbia, Feb. 29, 2024 (GLOBE NEWSWIRE) -- RISE Dispensaries, a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), today announced the opening of its 15th retail location in Florida and 92nd nationwide, RISE Dispensary Dunnellon. Located at 11192 N. Williams St., RISE Dispensary Dunnellon will open on Friday, March 1, with special discounts and complimentary merchandise for the store’s first customers. The new store will offer medical cannabis patients a range of high-quality THC and CBD products, including RYTHM premium flower and full spectrum vapes, Dogwalkers pre-rolls, Good Green flower, and &Shine flower, pre-rolls, vapes and chews.

“We are thrilled to be the first dispensary to open in the City of Dunnellon, marking our second RISE location in Marion County,” said Green Thumb President Anthony Georgiadis. “Located just west of our state-of-the-art cultivation facility in Ocala, RISE Dunnellon shall offer a highly curated product selection and best-in-class service. We are excited to offer our patients the convenient option of roll-through service, which allows them to place their order from home, then pick up their purchase at our drive-thru window.”

RISE Dispensary Dunnellon invites patients to a grand opening celebration on Friday, April 19, where profits will be donated to community-based organization The Bridge 4 Veterans. The event will feature special discounts, RISE and RYTHM merchandise, giveaways and music. Patients can also enjoy treats from local Glazed and Confused food truck with complimentary mini donuts for the first 100 customers. The menu will feature a special Brownie Scout donut, named after the popular RYTHM flower strain. The Dunnellon Chamber of Commerce will also join the community at the Grand Opening for a celebratory ribbon-cutting ceremony.

The Bridge 4 Veterans provides transitional housing for veterans as they work toward securing permanent housing. A previous recipient of RISE new store opening donations, the organization welcomes veterans and offers resources, such as VA HUD-VASH programs, that help them find and maintain affordable housing in their community. The Bridge 4 Veterans is a free-of-charge organization that runs entirely on private donations, for both financial support and food.

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Green Thumb joined the Florida community in 2018 and operates two production facilities in Ocala and Homestead where the Company cultivates and produces its branded products. Green Thumb’s cultivation and manufacturing practices reflect the highest quality standards to ensure all its products offer a true-to-plant, consistent experience. The Company’s retail brand, RISE Dispensaries, is committed to expanding access to well-being through cannabis and making a positive impact on the communities it serves. In addition to RISE Dunnellon, there are 14 other RISE Dispensaries in Florida, including locations in Bonita Springs, Brandon, Clearwater, Crystal River, Deerfield Beach, Fruitland Park, Hallandale Beach, Kendall, Oviedo, Pinellas Park, Port Orange, Sun City Center, Tampa and West Palm Beach. Delivery services are available to the areas surrounding RISE Dispensaries in Florida.

RISE Dispensary Dunnellon’s hours of operation are Monday through Saturday, 9 a.m. to 8 p.m., and Sunday, 11 a.m. to 6 p.m.

For information on how to become a medical cannabis patient, email RISEmed@gtigrows.com. For more information on RISE Dispensaries' locations, product offerings or other services, visit www.risecannabis.com.

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 92 retail locations across 14 U.S. 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 pre-ordering 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. More information is available at www.risecannabis.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 expected growth of the Company. 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, Green Thumb 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 expressed or implied. When considering these forward-looking statements, readers should keep in mind the risk factors and other cautionary statements in Green Thumb’s public filings with the applicable securities regulatory authorities, including with the U.S. Securities and Exchange Commission on its website at www.sec.gov and with Canada’s SEDAR+ at www.sedarplus.ca, as well as on Green Thumb’s website at https://investors.gtigrows.com, including in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K.

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

Media Contact:
MATTIO Communications
GTI@mattio.com