GTI Announces Five Stores for Adult Use Cannabis in Illinois

Green Thumb Industries Inc. (GTI) (CSE:GTII,OTCQX:GTBIF) expects five of its Illinois cannabis stores to be open for adult use cannabis sales on January 1, the first day it is legal to purchase cannabis in the state of Illinois for consumers aged 21 and above.

As quoted in the press release:

“January 1, 2020, will be a historic day in Illinois and we are ecstatic to be a part of it. GTI kicked off the medical program with the very first cannabis sale at Rise Mundelein in 2015 and we are proud to do the same with adult use sales at the same location just four years later,” said GTI Founder and Chief Executive Officer Ben Kovler. “The state has been a leader in regulated cannabis programs, particularly with social equity as a focal point for legalization. We have created jobs, tax revenue, and – most important – access to safe and compliant products for people to improve their well-being. Congratulations to the cannabis and social equity advocates, cannabis operators, legislators, regulators and the citizens of Illinois who have made this happen.”

Click here to read the full press release.

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Nutritional High Announces Completion of the Conversion of the 10% Senior Unsecured Convertible Debentures

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In accordance with the amendment approved at the meeting of the Debentureholders held on October 8, 2020, approved by the Canadian Securities Exchange, the Company has completed the forced conversion of the 10% Debentures at $.02 per share.

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In discussion with its auditors, the Company has determined that it is not able to meet the November 30, 2020 filing deadline (the “Filing Deadline“) for its audited financial statements for the year ended July 31, 2020, the management’s discussion and analysis and the related CEO and CFO certification relating to the 2020 financial statements (collectively, the “2020 Filings“). Although the audit process is progressing, the auditors anticipate some delays in completing the audit process, such that the Company is not able to meet the Filing Deadline for the 2020 Filings.

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Mr. Dzisiak was instrumental in helping guide the company through many industry challenges throughout 2020 and on behalf of the Board, we wish him all the best in his future endeavors.

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Eighth Harvest-Affiliated Pennsylvania Dispensary Opens in King of Prussia

Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., today announced the opening of a new medical dispensary in King of Prussia, Pennsylvania .

Harvest of King of Prussia is located at 826 W Dekalb Pike, King of Prussia and is open Monday through Saturday from 9:00 am to 7:00 pm and Sunday from 10:00 am to 6:00 pm .  Additional Harvest affiliated dispensaries in Pennsylvania are located in Camp Hill , Cranberry Township , Harrisburg , Johnstown , Reading (two locations), and Scranton .

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Early Warning Report in Connection with the Sale of 5,500,000 Subordinate Voting Shares of Green Thumb Industries Inc.

On October 29, 2020, RCP23, LLC (the “Seller”), a private investment holding company controlled by Benjamin Kovler, CEO and Chairman of Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) (the “Issuer”), sold 5,500,000 Subordinate Voting Shares of the Issuer (the “Transferred Shares”) to a third-party qualified institutional buyer at a purchase price of C$19.25 per share in a private transaction. Prior to the sale, at Seller’s request, the Issuer converted 54,805 Super Voting Shares and 49,448 Multiple Voting Shares of the Issuer previously held by the Seller into an aggregate 10,425,300 Subordinate Voting Shares per the terms of the Issuer’s Articles of Incorporation, as amended.

Following the sale, Mr. Kovler, together with his joint actors, holds beneficial ownership or control or direction over 183,254 Super Voting Shares, which represent 56.5% of the class, 0 Multiple Voting Shares, and 5,068,016 Subordinate Voting Shares, which represent less than 2.9% of the class. Each Super Voting Share carries 1,000 votes and is convertible into one Multiple Voting Share and each Multiple Voting Share carries 100 votes and is convertible into 100 Subordinate Voting Shares (each of which carries one vote).

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