GTBIF) Completes Acquisition of Leafline Industries and Expands into Minnesota – CBD Facts
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Green Thumb Industries Inc. (OTCMKTS: GTBIF) announced the completion of the acquisition of Leafline Industries. LeafLine is certified to grow, process and distribute cannabis directly to customers as one of only two licensed producers in the medical cannabis industry in Minnesota.
Green Thumb acquires Leafline Industries.
Company Founder and CEO Ben Kovler said, “We are excited to enter the Minnesota medical market and expand access to cannabis products for Minnesota patients. We look forward to caring for existing LeafLine patients while ensuring a smooth transition. And looking ahead, we’re ready to start providing patients with access to high-quality floral and edible products, both of which were recently approved. As we kick off 2022, Green Thumb is excited to welcome over 100 new team members, one new status, and five new outlets.
LeafLine was purchased with a growing facility as well as five up and running retail stores in Hibbing, Eagan, St. Cloud, Willmar and St. Paul. Green Thumb will also be able to open up to 3 other retail locations statewide.
The company now operates cannabis operations in California, Nevada, Connecticut, Colorado, Illinois, Rhode Island, Maryland, Florida, Massachusetts, Minnesota, New Jersey, Ohio, New York, Pennsylvania and Virginia, covering more than half of the population American.
Minnesota has 29,000 registered medical cannabis patients
Minnesota, which has a population of nearly six million, launched the sale of medical cannabis in 2015, but the Minnesota Department of Health reports that there are only about 29,000 registered active patients. Chronic pain, post-traumatic stress disorder, multiple sclerosis, and seizures are among the 17 eligible disorders officially recognized by the state. Vaping, tinctures, and topicals are now accessible, with edibles and flowers arriving later in 2022. With the Company’s high-quality branded product offerings and experiences, the Company’s position in Minnesota will strengthen and will greatly help the medical marijuana patient community.
The company promotes health and happiness through the use of marijuana while donating to the local people it serves. Additionally, Green Thumb produces and sells Beboe, Doctor Solomon’s, Dogwalkers, Good Green, RYTHM, and Incredibles, among other branded marijuana products.