Replies to post #2271 on Green Thumb Industries Inc (GTBIF)

[FUNMAN]

GTI is raising A LOT of money right now --->>> Green Thumb Industries Raises US$56,000,000 Selling Approximately 1.6 Million Shares in the U.S.

https://seekingalpha.com/news/3664783-green-thumb-raises-56m-via-sale-of-subordinate-voting-shares

FEBRUARY 23, 2021

CHICAGO and VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb”) (CSE: GTII) (OTCQX: GTBIF), a leading cannabis consumer packaged goods company and owner of Rise™ Dispensaries, today announced that it raised approximately $56,000,000 from the Form S-1 registration statement relating to the potential sale of up to 10,000,000 of its subordinate voting shares (the “Registration Statement”), that was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) as of February 8, 2021.

Green Thumb received and accepted offers from investors to purchase 1.6 million registered subordinate voting shares at US$35.50 per share for a total of approximately $56,000,000. The sale will close on February 23, 2021, and follows the previous sale of shares pursuant to the Registration Statement that closed on February 9, 2021, for $100,000,000.

"The strength of investor demand suggests growing confidence within the U.S. capital markets for cannabis,” said Green Thumb Founder and Chief Executive Officer Ben Kovler. “The Green Thumb team is excited by the momentum and is proactively advocating for U.S. cannabis companies to receive access to U.S. exchanges like our Canadian peers. This access is a key step to unlock greater job creation, significantly more tax revenue and a more robust effort to right some of the wrongs caused by the war on drugs.”

As further described in the Registration Statement, the principal purposes of this offering are to increase Green Thumb’s capitalization and financial flexibility. The offering is being made only in the United States by means of a prospectus. Copies of the Registration Statement and prospectus may be accessed through the U.S. Securities and Exchange Commission's website at www.sec.gov, and from Green Thumb’s Investor Relations Department at 325 W. Huron Street, Suite 700, Chicago, IL 60654 or by calling 310-622-8257.

The offering is on a “self-underwritten, best efforts” basis.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The subordinate voting shares being offered pursuant to the Registration Statement (i) have not been qualified for distribution by prospectus in Canada, and (ii) may not be offered or sold in Canada during the course of their distribution except pursuant to a Canadian prospectus or prospectus exemption.

About Green Thumb Industries:

Green Thumb Industries Inc., 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 Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise™. Headquartered in Chicago, Illinois, Green Thumb has 13 manufacturing facilities, licenses for 97 retail locations and operations across 12 U.S. markets. Established in 2014, Green Thumb employs over 2,300 people and serves thousands of patients and customers each year. The company was named a Best Workplace 2018 by Crain’s Chicago Business and MG Retailer magazine in 2018 and 2019. More information is available at GTIgrows.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 relating to expectations regarding listing opportunities for U.S. cannabis companies on major U.S. exchanges, the impact of cannabis on job opportunities and tax revenue in the U.S. and expectations regarding the principal purposes of the offering. 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 express 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 on the SEC’s website at www.sec.gov and on SEDAR at www.sedar.com, including the risk factors set out in the Registration Statement and any prospectus relating to the offering discussed in this release.

[FUNMAN]

GTI, The Cannabis Industry Altruistic King --->>> Green Thumb Industries Continues Community Investment Initiatives with Scholarships and Expanded Partnerships to Promote Diversity in the Cannabis Industry

This isn't a one-off PR to gain attention. These are new and old continuously run programs. Good for them:

https://investors.gtigrows.com/investors/news-and-events/press-releases/press-release-details/2021/Green-Thumb-Industries-Continues-Community-Investment-Initiatives-with--Scholarships-and-Expanded-Partnerships-to-Promote-Diversity-in-the-Cannabis-Industry/default.aspx

FEBRUARY 25, 2021

CHICAGO and VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Green Thumb Industries, a leading cannabis consumer packaged goods company and owner of Rise™ Dispensaries, is expanding key partnerships and creating scholarships earmarked for those from communities most impacted by the war on drugs as part of its corporate social responsibility program. The scholarships will be granted to a total of four students for programs at the Cleveland School of Cannabis in Ohio and Olive-Harvey College in Illinois. Additionally, Green Thumb will continue its support of Cabrini Green Legal Aid and partner with the North Lawndale Employment Network in Chicago as part of ongoing collaborations that include financial support, volunteerism and awareness initiatives.

Building on the foundation of Green Thumb’s LEAP initiative, which provided pro-bono support for social equity license applicants in Illinois and which will soon offer business incubator resources to newly awarded social equity entrepreneurs, these impactful partnerships mark a critical next step in prioritizing diversity, equity, and inclusion in the cannabis industry.

“Education is the foundation of opportunity and the Green Thumb team is honored to support scholarships that create pipelines of diversity into the cannabis industry, specifically by partnering with nonprofits that address issues facing communities disproportionally impacted by the war on drugs,” said Green Thumb Corporate Social Responsibility Director Michael Fields. “We believe it is our responsibility to continue to help reduce barriers to entry, increase diversity and promote opportunity throughout the industry.”

The programs with available scholarships include:

Cleveland School of Cannabis: The Cleveland School of cannabis will award a “Resilience Scholarship” to two students impacted by the war on drugs, as determined by an independent application review committee, funded by Green Thumb. The mission of the Cleveland School of Cannabis is to foster adult learning through high-quality, residential and online education that integrates personal development along with career-oriented skills and knowledge related to cannabis, science, and business, to prepare graduates for entry-level employment in the industry. Tuition covers all resources and fees needed to complete the 150-hour on-line cannabis certificate program. For more information visit www.csceducation.com.

“Without education any plans for equity will not be sustainable. We are grateful to Green Thumb for their support in helping us achieve our goals,” said Vice President of CSC Kevin Green.

Olive-Harvey College: The mission of the Cannabis Studies program at City Colleges of Chicago is to educate the future workforce, activists, thought leaders and entrepreneurs in the Illinois cannabis industry and empower individuals who have been disproportionately affected by the War on Drugs through restorative justice.??? The two scholarships will cover tuition and all resources and fees needed to complete the 11-credit certificate course. For more information visit www.ccc.edu.

“Olive-Harvey College is grateful for partners such as Green Thumb, who support our program with speaker series, engagement and tuition support,” said Executive Director of Strategic Initiatives at Olive-Harvey College Amanda Gettes.

Those interested in applying for scholarships should contact the schools directly.

Green Thumb is also partnering with the following nonprofit organizations undertaking necessary and important work in Chicago:

Cabrini Green Legal Aid: Established in 1973, CGLA’s mission is to seek justice and mercy for those living in poverty by providing legal services that strengthen individual lives, families, and communities. They aim to proactively fill the void of legal representation, wraparound services, and advocacy for individuals affected by the criminal justice system. Green Thumb volunteers will continue to work with CGLA’s team to provide a variety of legal services associated with criminal records relief services. For more information visit www.cgla.net.

“CGLA is extremely excited to partner with Green Thumb as we collaborate to fulfill the social equity components of the Illinois’ Cannabis Act. It is extremely important for us to remove the barriers that prevent access to ownership and employment in the industry for individuals and communities negatively impacted by the criminal justice system. We are grateful for what this partnership will bring and look forward to welcoming Green Thumb volunteers into the CGLA family,” said Cabrini Green Legal Aid Executive Director Esther Franco-Payne.

North Lawndale Employment Network: NLEN serves under and unemployed residents of Chicago’s North Lawndale neighborhood and surrounding communities. Clients include citizens returning from incarceration and others who face the day-to-day hardships of living without enough income to support themselves and their families. In addition to contributing financial resources, the Green Thumb team will work closely with NLEN to help deliver necessary and important services to their clientele. For more information visit www.nlen.org.

"We are thrilled to partner with Green Thumb to further improve the quality of life and bridge the racial wealth gap through advancing digital inclusion on Chicago's West Side. I know that much good will grow from our partnership,” said Executive Director of the North Lawndale Employment Network Brenda Palms Barber.

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 Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise™. Headquartered in Chicago, Illinois, Green Thumb has 13 manufacturing facilities, licenses for 97 retail locations and operations across 12 U.S. markets. Established in 2014, Green Thumb employs over 2,300 people and serves thousands of patients and customers each year. The company was named a Best Workplace 2018 by Crain’s Chicago Business and MG Retailer magazine in 2018 and 2019. More information is available at GTIgrows.com.