Total
0
Shares
IM Cannabis inks two new sales agreements via Focus Medical Herbs
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Green Thumb Industries (GTI) to open Rise Lake in the Hills in Illinois on March 31
  • This is Green Thumb Industries' ninth store in Illinois and 55th in the U.S.
  • Profits from the first day of sales will be donated to Habitat for Humanity of McHenry County
  • McHenry County is Illinois’ sixth most populous county with more than 300 thousand residents
  • Green Thumb Industries Inc. (GTI) is down 2.74 per cent and is trading at C$38.64 at 3:30 pm ET

Green Thumb Industries Inc. (GTI) will open its ninth store in Illinois and 55th in the U.S. on March 31.

Profits from the first day of sales will be donated to Habitat for Humanity of McHenry County, which is part of a global nonprofit housing organization whose vision is a world where everyone has a decent place to live.

“We are honored to open McHenry County’s first cannabis store to expand access to cannabis and well-being for residents throughout the area,” said Green Thumb Founder and Chief Executive Officer Ben Kovler.

“Habitat for Humanity has made a positive difference in the lives of so many since its founding, and we are grateful to support their important work through financial support and by collaborating with the McHenry County chapter on volunteer initiatives,” added Kovler.

Sara Davis, Director of Community Services for Habitat for Humanity of McHenry County, said: "The Habitat for Humanity family welcomes Rise Lake in the Hills to McHenry County and appreciates the donation and the gift of volunteerism the Green Thumb team has offered."

"This will make a positive impact on families in need by helping build strength and stability through safe and affordable housing in our community, and we are extremely thankful for the contribution,” concluded Davis.

McHenry County is Illinois’ sixth most populous county with more than 300 thousand residents. 

In addition to Rise Lake in the Hills, there are eight other Rise™ stores throughout the state: Rise Canton, Rise Effingham, Rise Joliet (Colorado), Rise Joliet (Rock Creek), Rise Mundelein, Rise Naperville, Rise Niles and Rise Quincy.

Green Thumb also owns and operates two manufacturing facilities in Rock Island and Oglesby where it manufactures its branded products.

Some of these products include, Beboe’s luxury line of pastilles and vapes; Dogwalkers pre-roll joints; Doctor Solomon’s medical-grade drops, lotions and balms; incredibles gummies, chocolates and tarts; and Rythm premium flower and vapes.

Cannabis sales in Illinois totalled more than C$1 billion in 2020 following the legalization of adult-use cannabis beginning January 1, 2020.

The state of Illinois collected C$175 million in tax revenue from cannabis sales in 2020 and is on pace for over C$350 million in 2021 based on January and February 2021 tax receipts.

Rise Lake in the Hills will offer online pre-ordering for adults 21 and older. 

Rise Lake in the Hills is located at 270 N. Randall Road in Lake in the Hills and will be open Monday to Saturday from 9 am to 8 pm and Sunday from 9 am to 7 pm

Green Thumb Industries, 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 Industries Inc. (GTI) is down 2.74 per cent and is trading at C$38.64 at 3:30 pm ET.

More From The Market Herald
Aleafia Health (TSX:AH) launches cannabis soft chews

" Pure Extracts (CSE:PULL) ships initial order of edible gummies to Alberta

Pure Extracts Technologies (PULL) has shipped its initial order of edible gummies to Alberta Gaming, Liquor & Cannabis (AGLC).
The Hash Corporation (CSE:REZN) completes first commercial batch of rosin

" The Hash Corporation (CSE:REZN) completes first commercial batch of rosin

The Hash Corporation (REZN) has completed its first craft batches of bubble hash and rosin in collaboration with Black Rose Organics Canada.
Nextleaf Solutions (CSE:OILS) awarded U.S. patent for CBG Acetate

" Nextleaf Solutions (CSE:OILS) awarded U.S. patent for CBG Acetate

Nextleaf Solutions (OILS) has been granted a U.S. patent for its novel process of acetylating Cannabigerol (CBG).
EnWave (TSXV:ENW) signs commercial license with Cannaponics PTY Limited

" EnWave (TSXV:ENW) signs another Australian cannabis company

EnWave Corporation (ENW) has granted an Australian cannabis company the right to use EnWave’s patented REV technology for cannabis production.