Connect with us

Business

Green Thumb Industries Inc (OTCMKTS: GTBIF) Opens GreenStar Herbals in Chelsea

Published

on

Green Thumb Industries Inc (OTCMKTS: GTBIF) has announced the opening of GreenStar Herbals Chelsea, Massachusetts. The company will rebrand the store to Rise in 2022. The new location is about one mile from Encore Boston Harbor and three miles from the Boston-Logan International Airport.

Green Thumb will donate profits to La Colaborativa

In addition, it will donate profits from the store’s first day to La Colaborativa, who tries to improve the economic and social health of Latin immigrants. The organization provides education, job training, legal aid, housing, and food distribution.

According to the CEO and Founder of Green Thumb, Ben Kovler, the company has managed to own six stores in Massachusetts since it entered the region in 2018. This number is the maximum the state will allow.

Green Thumb also owns recreational-use retail stores in Maynard and Dracut. In addition, the company has medical-use stores in West Springfield, Boston, and Amherst. It also has two production and cultivation facilities at Clinton and Holyoke.

Kovler adds that the company is a hoot to open another store in Chelsea to sell to more customers in Boston. Moreover, Green Thumb is proud of its work with La Colaborativa.

The COO of La Colaborativa, Dinanyili Pauliono, states that the organization is glad to have Green Thumb in the Chelsea community. It is even more grateful for the company’s generous donation as it will enable them to serve the Latinx immigration community through food distribution, educational programs, and citizenship services.

Green Thumb manufactures Incredibles tarts, chocolates, gummies, and other products at the Commonwealth and sells them through its dispensaries in Massachusetts. The company has also released the Good Green product line, which donates some of its profits to organizations that fight the impacts of the War on Drugs. Green Thumb has opened another round of Good Green Grant applications to the 591c3 organization.

Green Thumb brands

Green Thumb is a U.S cannabis company specializing in manufacturing and distributing cannabis and cannabis-based products. Its brands include RYTHM, Incredibles, Good Green, Dr. Solomon’s, Dogwalkers, and Beboe Green Thumb sells its products through Rise, a chain of retail stores.

Green Thumb has headquarters in Illinois. It operates in 14 U.S states and owns 68 retail stores and 16 manufacturing plants.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

FEATURED STORIES