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Monday, May 20, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Green Thumb set to launch ‘RISE Express’ pot shops in Florida next year

The 10 new stores will be adjacent to Circle K locations for convenience

Green Thumb set to launch 'RISE Express' pot shops in Florida next year
Photo via Green Thumb Industries.

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) will soon be expanding its retail footprint with the help of a new lease agreement from a well-known convenience store chain.

On Wednesday, the Chicago-based cannabis company announced that it would be launching 10 new “RISE Express” dispensary outlets adjoining a series of Circle K locations throughout Florida beginning in 2023.

The new shops will provide medical cannabis patients with a series of products such as &Shine vapes, RYTHM premium flower, incredibles gummies and Dogwalkers pre-rolls.

Read more: Hemp Inc. raises cultivar yielding high-grade protein in its leaves

Read more: Purity Medical Labs to offer hop latent viroid testing for California growers

In accordance with the exclusive new agreement, Green Thumb will be leasing space from Circle K in an assortment of its Florida locations. The convenience store chain has approximately 600 stores in the Sunshine State.

“The opening of RISE Express stores at Circle K locations is a game-changer. Convenience is a strong channel in retail, and people want more access to cannabis,” said Ben Kovler, founder and CEO of Green Thumb.

“The new RISE Express model is a huge step forward in making it easier and more efficient for patients to purchase high-quality cannabis as part of their everyday routine when stopping by their local convenience store.”

The merchandise available at these retail outlets will be supplied by a new 28-acre cultivation facility located in Ocala, FL that the company plans to have fully operational by the end of the year. The company also currently owns a cultivation facility in Homestead, FL.

Green Thumb made its way into Florida’s medical cannabis market in 2018 and currently has a series of dispensaries in West Palm Beach, Bonita Springs, Pinellas Park, Deerfield Beach, Kendall, Hallandale Beach and Oviedo.


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