Green Thumb Industries Inc (GTBIF)

[Tempy]

7:30a ET 3/31/2021 - Globe Newswire
Green Thumb Industries Responds to Baseless Allegations by Chicago Tribune
Mentioned: GTBIF
Green Thumb Industries Inc. ("Green Thumb," or the "Company") (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise(TM) Dispensaries, possesses absolutely no evidence to corroborate claims that there is an open investigation by federal authorities as alleged in an article by the Chicago Tribune under a misleading headline published on March 29, 2021.

Green Thumb first learned of the alleged probe into supposed violations regarding obtaining licenses from a Chicago Tribune reporter who cited unnamed sources shortly before the article was published. Federal authorities have made no effort to initiate contact with Green Thumb.

"The Chicago Tribune has published unfounded allegations that completely contradict our corporate values," said Green Thumb Founder and CEO Ben Kovler. "The reporter did not cite any credible sources nor evidence, and published under a salacious front page headline intended to mislead. This is not just irresponsible journalism but reckless behavior that impacts the livelihood of our employees, the close bond to the communities in which we serve, and the trust of our investors. Our company has secured licenses through competitive state-run programs and traditional M&A transactions. We have taken painstaking measures to scale compliantly as we provide access to well-being through cannabis, and will continue to hold ourselves to the highest standards."

Green Thumb demands an immediate retraction of the article by the Chicago Tribune.