RISE Dispensaries to Launch Adult-Use Cannabis Sales at Four Maryland Locations on July 1st

By: Green Thumb Industries via GlobeNewswire

June 29, 2023 at 07:00 AM EDT

CHICAGO and VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries, a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or “the Company”), today announced that it 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 nonprofit 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 pre-rolls, 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 honor to celebrate this milestone alongside the people of Maryland and witness the end of Prohibition 2.0 as the 20^th state in the country launches adult-use cannabis sales,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler. “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.”

Green Thumb President Anthony Georgiadis 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^st from 8 a.m. to 8 p.m. For normal hours of operation, product availability, medical patient benefits and other information, please visit risecannabis.com/maryland.

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 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 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 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, 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 System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com, as well as on Green Thumb’s website at https://investors.gtigrows.com, including in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

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

Media Contact:
MATTIO Communications
GTI@mattio.com