Rise Bloomfield will be the 65th Retail Store of Green Thumb Industries to Open in the U.S.
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) is all set to open Rise Bloomfield, its retail store, which will be the 65th retail location in America. The new retail store will be opened in New Jersey, making it its third store in the state. The new retail store is set to open on September 15, 2021.
About Green Thumb Industries
Green Thumb Industries, also known as Green Thumb, is a U.S.-based cannabis retailer. The company distributes consumer packaged cannabis goods across the United States of America.
The company understands its responsibilities towards the society in which it operates. Hence, it gives back to society as much as possible. The basic offering that it gives back is the importance of well-being. Green Thumb educates the members of its community about the healthy uses of cannabis products.
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It also manufactures its branded cannabis products. The portfolio includes Beboe, Dr. Solomon’s, Dogwalkers, Rhythm, Incredibles, and The Feel Collection. The manufactured branded products are distributed through its retail store called Rise Dispensaries.
Rise Dispensaries is the fastest-growing cannabis retail store in the United States of America. It is centrally based in Chicago.
Green Thumb was established in 2014. Since then, it has grown exponentially by establishing 16 manufacturing facilities, 114 licensed retail locations, and employing around 3,000 employees. The company serves thousands of customers and patients in the market every day.
Green Thumb has been named as the Best Workplace in 2018 and 2019 editions of MG Retailer magazine.
The Opening
Green Thumb has announced that it has got its community of customers and patients excited, especially those who reside in New Jersey. The company is all set to open its 65th retail location in America. This would be the third store in New Jersey, and it would begin functioning from September 15, 2021, which happens to the opening day as well.
The ideology of giving back to the community has always been close to the heart of Green Thumb. It will stand to its word by donating every penny of profit that it earns from the sale on the first day of the retail store. The profits will be donated to Bloomfield Youth Aid Foundation.
The foundation is a Non-Profit Organization that provides college scholarships to the unfortunate section of New Jersey. The foundation also conducts toy drives and summer youth programs occasionally.
One can be a part of this contribution by purchasing the products on the opening day at its official address. The official address is 26-48 Bloomfield Avenue. The general working days and hours are Monday through Friday from 10 am to 7 pm. The retail store would function on weekends as well. The timings for Saturday and Sunday would be from 10 am to 5 pm.
Green Thumb entered the market of New Jersey in 2018, and since then, it has made its home in Bloomfield, Paterson, and Paramus.
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Ben Kovler, the Founder and Chief Executive Officer of Green Thumb, expressed his excitement by saying that the company was delighted on the growing acceptance of its presence in all the parts where it has established its retail stores. He added that the company sees the opening of a new retail store as an opportunity to serve its community better.
Donating its entire profits from the sale of the first day is an example of Green Thumb leaving a positive impact on society by providing development opportunities to local youth.
George Ricci, the President of Bloomfield Youth Aid Foundation, responded to this generous donation by saying that he was honored to receive the donations as they would enable him and his team to serve more members of the community.
He added that the donated funds would help the foundation build on the college scholarship funds and continue other initiatives like toy drives and backpack giveaways.