• Three local nonprofits selected from over 80 applicants
  • Good Green flower products now available at retail locations in Illinois, Maryland, Massachusetts, New Jersey and Pennsylvania
  • Second round of Good Green grant applications now open to 501(c)3 organizations until January 12, 2022

Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise Dispensaries, today announced the first group of nonprofit organizations to receive funding as part of its Good Green Grant Program. Good Green is the company’s newest flower brand delivering a high-quality, affordable product that gives back to communities disproportionately affected by the War on Drugs.

Each organization selected fits one of Good Green’s core pillars: education, employment and expungement. The three recipients received unrestricted grants of $75,000 that will be used to advance each organization’s mission. The initial beneficiaries are:


  • Philadelphia Lawyers for Social Equity : The Philadelphia Lawyers for Social Equity provides free legal advice and representation to low-income Philadelphia residents who are held back by their criminal records, seeking expungements and pardons and leading systemic reform.

    “PLSE is thrilled to receive one of the initial Good Green grants which will directly support a one-year effort to get as many marijuana-related, non-violent cases before the Pennsylvania Board of Pardons for their action by December 2022. This generous grant enables us to advance our mission of helping people eliminate criminal records which are holding them back from realizing their career and social potential.” – Renee Chenault Fattah, Executive Director

  • Innovation Works Baltimore : Innovation Works Baltimore aims to help close neighborhood, racial and wealth divides by connecting neighborhoods, entrepreneurs and investors to create jobs and long-term social enterprises that will ignite and transform local economies.

    “We are grateful to the Good Green team for its generous grant to Innovation Works. This grant will directly advance our mission to reduce the racial wealth divide by growing the number of social enterprises receiving support, increasing mentors within our network and providing social enterprises with greater access to capital.” – Jay Nwachu, President and Chief Executive Officer

  • Why Not Prosper, Philadelphia : Founded by formerly incarcerated women, Why Not Prosper provides pre-release mentoring to incarcerated women as well as residential and community services to help incarcerated Pennsylvania women transition successfully from prison to reentering society.

    “I am overwhelmed with gratitude. It’s amazing to see how green can manifest so much good when the right organizations come together to support a common cause.” – Rev. Dr. Michelle Anne Simmons, CEO and Founder

Good Green is dedicated to bringing responsible consumers and change-making organizations together to create real, sustained progress against the War on Drugs. The brand’s current product offerings, including indica, sativa and hybrid popcorn flower, are available in Illinois, Maryland, Massachusetts, New Jersey and Pennsylvania.

“Our team is proud to partner with these three exceptional nonprofits to create meaningful change in communities devastated by cannabis prohibition,” said Green Thumb Founder and Chief Executive Officer Ben Kovler. “Through Good Green, we will continue to invest in organizations that are making a measurable impact to address the social and economic disparities created by unjust drug laws.”

Green Thumb opened the first round of Good Green grant applications in July and proactively committed at least $1.3 million in funding over the next year and a half ahead of product sales. The program’s second round of applications is open to local 501(c)3 organizations through January 12, 2022. For more information on Good Green’s nonprofit application process, winners and product, please visit www.good.green .

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, Good Green, incredibles and Rythm. The company also owns and operates rapidly growing national retail cannabis stores called Rise Dispensaries. Headquartered in Chicago, Illinois, Green Thumb has 16 manufacturing facilities, 65 open retail locations and operations across 14 U.S. markets. Established in 2014, Green Thumb employs over 3,000 people and serves millions of patients and customers each year. The company was named to Crain’s Fast 50 list in 2021 and a Best Workplace by MG Retailer magazine in 2018 and 2019. More information is available at www.GTIgrows.com .

Investor Contact: Media Contact:
Andy Grossman Grace Bondy
EVP, Capital Markets & Investor Relations Manager, Corporate Communications
InvestorRelations@gtigrows.com GBondy@gtigrows.com
310-622-8257 517-672-8001


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

 

Cannabis Market Could Reach $5.5B By End Of Year

 
Experts Weigh In On Our Exclusive FREE Report. Can You Afford To Miss Out?
 

Matica Enterprises Inc. (CSE: MMJ) (FSE: 39N) (OTCQB: MMJFF) (“Matica” or the “Company”) is pleased to announce that, in connection with the previously announced share consolidation on a thirty (30) for one (1) basis (the “Consolidation”), the Company will be changing its name to West Island Brands Inc. (the “Name Change”).

The common shares are scheduled to begin trading on a post-consolidation basis at market open on October 20, 2021 under the stock symbol “WIB”. The new CUSIP number will be 953400108 and the new ISIN number will be CA9534001081. Following the Consolidation, the Company will have approximately 10,712,484 common shares issued and outstanding.

Keep reading... Show less

In the cannabis space this week, a popular beverage maker hired a new executive in hopes of pursuing opportunities in the cannabis drink industry.

Meanwhile, Canopy Growth (NASDAQ:CGC,TSX:WEED) announced a fresh acquisition agreement for a partner designed to boost its presence in a potentially available US adult-use cannabis market.

Keep reading... Show less

Via InvestorWireIBN (“InvestorBrandNetwork”), a multifaceted financial news and publishing company, today announces that it will be collaborating with Microdose Psychedelic Insights for the Psych e delic Capital: October 2021 Conference which is set to be held in an entirely virtual format on Oct. 28, 2021.

The Psychedelic Capital: October Conference is set to be a virtual event, covering the most innovative and cutting-edge companies, latest IPOs, newest opportunities and deepest insights into the global psychedelic industry. From exploring ongoing governmental policy shifts to commercial product breakthroughs, the conference will serve to educate attendees on the potential uses and benefits attached to psychedelics in today’s environment.

Keep reading... Show less

 Adastra Holdings Ltd. (formerly Phyto Extractions Inc.) (CSE: XTRX) (FRA: D2EP) (“Adastra” or the “Company”) today announced positive operational and financial developments as the Company continues to pursue its mission to be a leader in the development and manufacture of pharma-quality, cannabis API and derivative products. These developments include record shipments in September, product portfolio expansion, and continued progress with Health Canada regarding its Controlled Substances Dealers License application.

Record September Shipments
Adastra shipped 68,272 consumer-packaged units and 20,000g of bulk extract in September compared to 41,571 units in September 2020 , a 64% increase year over year.

Keep reading... Show less

Matica Enterprises Inc. (CSE: MMJ) (FSE: 39N) (OTCQB: MMJFF) (“Matica” or the “Company”) is pleased to announce that, pursuant to a director’s resolution, the Company will be consolidating its issued and outstanding share capital on the basis of every thirty (30) old Common Shares being consolidated into one (1) new Common Share (the “Share Consolidation”). Any fractional shares remaining after giving effect to the Share Consolidation will be cancelled.

As a result, the outstanding Common Shares of the Company will be reduced to approximately 10,712,484. The Company has no other securities outstanding.

Keep reading... Show less