{"id":441565,"date":"2021-02-23T07:03:15","date_gmt":"2021-02-23T12:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441565"},"modified":"2021-02-23T07:03:15","modified_gmt":"2021-02-23T12:03:15","slug":"green-thumb-industries-raises-us56000000-selling-approximately-1-6-million-shares-in-the-u-s","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/green-thumb-industries-raises-us56000000-selling-approximately-1-6-million-shares-in-the-u-s\/","title":{"rendered":"Green Thumb Industries Raises US$56,000,000 Selling Approximately 1.6 Million Shares in the U.S."},"content":{"rendered":"
\n

CHICAGO and VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (\u201cGreen Thumb\u201d) (CSE: GTII) (OTCQX: GTBIF), a leading cannabis consumer packaged goods company and owner of Rise\u2122 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 \u201cRegistration Statement\u201d), that was declared effective by the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) 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.<\/p>\n

“The strength of investor demand suggests growing\u00a0confidence within the U.S. capital markets for cannabis,\u201d said Green Thumb Founder and Chief Executive Officer Ben Kovler. \u201cThe 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.\u00a0This 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.\u201d<\/p>\n

As further described in the Registration Statement, the principal purposes of this offering are to increase Green Thumb\u2019s 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<\/a>, and from Green Thumb\u2019s Investor Relations Department at 325 W. Huron Street, Suite 700, Chicago, IL 60654 or by calling 310-622-8257.<\/p>\n

The offering is on a \u201cself-underwritten, best efforts\u201d basis.<\/p>\n

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.<\/p>\n

\n About Green Thumb Industries<\/strong>:<\/p>\n

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\u2019s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise\u2122. 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\u2019s Chicago Business and MG Retailer magazine in 2018 and 2019. More information is available at\u00a0GTIgrows.com<\/a>.<\/p>\n

\n Cautionary Note Regarding Forward-Looking Information<\/strong>\n <\/p>\n

This press release contains statements which may constitute \u201cforward-looking information\u201d within the meaning of applicable securities laws. Forward-looking information is often identified by the words \u201cmay,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d 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\u2010looking information in this news release is based upon the expectations of future events which management believes to be reasonable. Any forward\u2010looking 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\u2010looking information, whether as a result of new information, future events or otherwise. The forward\u2010looking 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\u2010looking statements, readers should keep in mind the risk factors and other cautionary statements in Green Thumb\u2019s public filings with the applicable securities regulatory authorities on the SEC\u2019s 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.<\/p>\n\n\n\n\n
\n Investor Contact:<\/strong>\n <\/td>\n\n Media Contact:<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Jennifer Dooley
Chief Strategy Officer
InvestorRelations@gtigrows.com
<\/a>310-622-8257\u00a0<\/td>\n		Linda Marsicano
VP, Corporate Communications
lmarsicano@gtigrows.com
<\/a>773-354-2004<\/td>\n<\/tr>\n<\/table>\n

Source: Green Thumb Industries<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

CHICAGO and VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (\u201cGreen Thumb\u201d) (CSE: GTII) (OTCQX: GTBIF), a leading cannabis consumer packaged goods company and owner of Rise\u2122 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 \u201cRegistration Statement\u201d), that was declared effective by the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) 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 … <\/p>\n

Continue reading “Green Thumb Industries Raises US$56,000,000 Selling Approximately 1.6 Million Shares in the U.S.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-441565","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGreen Thumb Industries Raises US$56,000,000 Selling Approximately 1.6 Million Shares in the U.S. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/green-thumb-industries-raises-us56000000-selling-approximately-1-6-million-shares-in-the-u-s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green Thumb Industries Raises US$56,000,000 Selling Approximately 1.6 Million Shares in the U.S. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHICAGO and VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (\u201cGreen Thumb\u201d) (CSE: GTII) (OTCQX: GTBIF), a leading cannabis consumer packaged goods company and owner of Rise\u2122 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 \u201cRegistration Statement\u201d), that was declared effective by the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) 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. 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