Green Thumb Industries (CSE: GTII) is looking to significantly expand its presence in the state of Virginia. The firm this morning announced that it will be doubling its open retail locations in the state this week as it continues to expand its footprint.
The development will see two new locations opened this week, both of which will be under the Rise banner. The first location is to open in Lynchburg, while the second is to open in Christiansburg. Profits from the first day of sales at both locations are said to be donated to local charities.
The two new locations will add to the firms current footprint in the state, which consists of a dispensary in each of Abingdon and Salem. Under current legislation, the company is permitted to open one additional location in the State.
The opening of the two locations will bring the firms total dispensary count across the US to 75.
Green Thumb Industries last traded at $23.61 on the CSE.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
