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VANCOUVER, Oct. 17, 2018 /CNW/ - Green Thumb Industries
Inc. ("GTI" or the "Company") (CSE: GTII) (OTCQX: GTBIF), a national cannabis consumer packaged goods company and owner-operator
of the high growth national retail chain RISE™ Dispensaries, today announced the closing of its approximately CAD$101.66 million bought deal financing (the "Offering") with a syndicate of underwriters led by GMP
Securities L.P. ("GMP") as lead underwriter and sole bookrunner, and including Beacon Securities Limited, Cormark Securities
Inc., Echelon Wealth Partners Inc. and Eight Capital (collectively with GMP, the "Underwriters"). The final Offering
includes proceeds from the sale of Subordinate Voting Shares following the full exercise by the Underwriters of their
over-allotment option.
The Company intends to use the net proceeds from the Offering for business development, including wholesale capacity,
strategic initiatives and general corporate purposes.
The securities being offered have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold in the
United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from
the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy
securities in the United States nor shall there be any sale of the securities in any State in
which such offer, solicitation or sale would be unlawful.
About Green Thumb Industries:
Green Thumb Industries (GTI), a national cannabis cultivator, processor and dispensary operator, is dedicated to providing
dignified access to safe and effective cannabis nationwide while giving back to the communities in which it serves. As a
vertically integrated company, GTI manufactures and sells a well-rounded suite of branded cannabis products including flower,
concentrates, edibles, and topicals. The company also owns and operates a rapidly growing national chain of retail cannabis
stores called RISE™ dispensaries. Headquartered in Chicago, Illinois, GTI has eight
manufacturing facilities and licenses for 59 retail locations across eight highly regulated U.S. markets. Established in 2014,
GTI employs approximately 400 people and serves thousands of patients and customers each year. GTI was named a Best Workplace
2018 by Crain's Chicago Business. For more information visit GTIgrows.com.
Forward Looking Statements:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation
which are based upon GTI's current internal expectations, estimates, projections, assumptions and beliefs and views of future
events. Forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely",
"may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including negative
and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by
discussions of strategy.
Forward-looking information used in this press release includes statements relating to the timing for the completion of the
Offering and the use of proceeds therefrom. The forward-looking information in this news release is based upon the expectations,
estimates, projections, assumptions and views of future events which management believes to be reasonable in the circumstances,
including those relating to: general economic conditions, the expected timing and cost of completing the Offering, and the
Company's intentions with respect to the use of proceeds from the Offering. Forward-looking information includes estimates,
plans, expectations, opinions, forecasts, projections, targets, guidance or other statements that are not statements of fact. Any
forward-looking information speaks only as of the date on which it is made, and, except as required by law, GTI does not
undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future
events or otherwise. New factors emerge from time to time, and it is not possible for GTI to predict all such factors. When
considering these forward-looking statements, readers should keep in mind the risk factors and other cautionary statements in
GTI's Annual Information Form dated July 10, 2018 and filed with the applicable Canadian securities
regulatory authorities on SEDAR at www.sedar.com.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Green Thumb Industries Inc.
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