CHICAGO and VANCOUVER, British Columbia, June 06, 2019 (GLOBE NEWSWIRE) — Inexperienced Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF) right now introduced that Integral Associates was awarded a retail dispensary and supply license by the Metropolis of Pasadena, making it one among solely six new license awardees in Pasadena. Integral Associates positioned first out of 122 retail purposes. The Pasadena license was awarded the identical day that GTI closed on its acquisition of Integral Associates, which incorporates the Essence retail shops in addition to the award-winning Cannabiotix and Desert Grown Farms cultivation services in Nevada.
“We’re honored to be awarded a retail license in Pasadena and sit up for turning into an lively and concerned member of the area people,” mentioned GTI President Armen Yemenidjian who based Integral Associates. “Our focus has at all times been on offering distinctive customer support and we’re excited to deliver the Essence expertise to new friends in Pasadena.”
“We want to acknowledge and congratulate the six top-scoring candidates who accomplished a really complete course of,” mentioned Pasadena Metropolis Supervisor Steve Mermell. “I used to be happy with the high-level of sophistication, expertise and experience demonstrated by the top-scoring candidates and sit up for a constructive relationship between future permitted dispensaries and our group.”
The Pasadena license will enable the corporate to proceed increasing enterprise operations in Southern California, the place it was not too long ago awarded a retail location and full-service consumption lounge in West Hollywood. It additionally continues a major interval of speedy development with eight new retail licenses awarded in December for Nevada – 5 within the Las Vegas space and three in Northern Nevada. The corporate now has 23 shops open throughout the nation and a retail footprint for a complete of 89.
“The primary-place win in Pasadena reinforces the shareholder worth that Armen and his group deliver to GTI,” mentioned GTI Founder and CEO Ben Kovler. ”We’re excited to develop our retail footprint within the West and all through the nation—the momentum is robust.”
About Inexperienced Thumb Industries:
Inexperienced Thumb Industries (GTI), a nationwide cannabis client packaged items firm and retailer, is devoted to offering dignified entry to cannabis whereas giving again to the communities by which they serve. GTI manufactures and distributes a portfolio of branded cannabis merchandise together with Rythm, Dogwalkers, The Really feel Assortment, and Beboe, amongst others. The corporate additionally owns and operates quickly rising nationwide chains of retail cannabis shops known as Rise™ and Essence. Headquartered in Chicago, Illinois, GTI has 13 manufacturing services, licenses for 89 retail areas and operations throughout 12 U.S. markets. Established in 2014, GTI employs roughly 1,100 folks and serves 1000’s of sufferers and prospects every year. GTI was named a Finest Office 2018 by Crain’s Chicago Enterprise. Extra info is offered at GTIgrows.com.
About Integral Associates, LLC:
Integral Associates, LLC, is without doubt one of the largest retail and wholesale cannabis operators within the State of Nevada. Based in 2016, Integral Associates operates Essence Hashish Dispensary, Desert Grown Farms and Cannabiotix NV. Essence Hashish Dispensary is the primary and solely cannabis dispensary on the famed Las Vegas Strip and presents the widest choice of high quality cannabis merchandise in Las Vegas. With three open areas throughout Las Vegas and Henderson, Essence presents authorized, secure, and confidential companies to a large client base all through Nevada. Desert Grown Farms and Cannabiotix NV are world-class cultivation and processing services totaling 95,000 sq. toes. Desert Grown Farms has an award-winning genetics library of over 100 strains and Cannabiotix NV has been a acknowledged Excessive Instances Hashish Cup award winner a number of instances over. Essence, Desert Farms and Cannabiotix NV are owned by Integral Associates, LLC, which was acquired by Inexperienced Thumb Industries Inc. in 2019. For extra info, please go to: https://essencevegas.com.
Cautionary Observe Concerning Ahead-Wanting Data
This press launch comprises statements which can represent “forward-looking info” inside the that means of relevant securities legal guidelines, together with statements concerning the plans, intentions, beliefs and present expectations of GTI with respect to future enterprise actions. Ahead-looking info is commonly recognized by the phrases “could,” “would,” “might,” “ought to,” “will,” “intend,” “plan,” “anticipate,” “consider,” “estimate,” “count on,” or comparable expressions and embody info concerning the longer term route and enterprise aims of GTI (plans for growth) The ahead‐wanting info on this information launch relies upon the expectations, estimates, projections, assumptions and views of future occasions which administration believes to be cheap within the circumstances and expectations referring to basic financial and market situations. Any ahead‐wanting info speaks solely as of the date on which it’s made, and, besides as required by legislation, GTI doesn’t undertake any obligation to replace or revise any ahead‐wanting info, whether or not because of new info, future occasions or in any other case. The ahead‐wanting info on this information launch is topic to quite a lot of recognized and unknown dangers, uncertainties and different components that might trigger precise occasions or outcomes to vary from these categorical or implied. When contemplating these ahead‐wanting statements, readers ought to remember the danger components and different cautionary statements in GTI’s public filings with the relevant securities regulatory authorities on SEDAR at www.sedar.com, together with the danger components set out in GTI’s annual info kind dated July 10, 2018.
No securities regulatory authority has in any approach handed upon the deserves of the proposed transactions described on this information launch or has authorized or disapproved of the contents of this information launch.
The Canadian Securities Trade doesn’t settle for duty for the adequacy or accuracy of this launch.
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