Chicago and Vancouver, June 29, 2018 (GLOBE NEWSWIRE) -- Green Thumb Industries (“GTI”) (CSE: GTII) a national cannabis cultivator, dispensary operator and consumer packaged goods company that produces and distributes a portfolio of cannabis branded products, announces that the company has granted 600,000 incentive stock options, exercisable at CAD $13.51 per stock option (the “Exercise Price”), and 902,000 restricted stock units to board members and employees of the company. All stock options are exercisable for a period of 10 years, subject to any earlier termination in accordance with their terms.
“Delivering long-term shareholder value is among GTI’s main priorities,” said GTI Chief Executive Officer Pete Kadens. “Retaining and incentivizing the industry’s top talent is important to ensure shareholder alignment and to successfully execute on GTI’s disciplined strategic plan.”
The incentive stock options and restricted stock units were granted under the company’s equity and incentive plan. Additional information about Green Thumb Industries (GTI) may be accessed on the company’s website at www.gtigrows.com and under the company’s SEDAR profile at www.sedar.com.
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 they serve. 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 seven manufacturing facilities and licenses for 50 retail locations across seven highly regulated U.S. markets. Established in 2014, GTI employs more than 350 people and serves hundreds of thousands of patients and customers each year. GTI was named a Best Workplace 2018 by Crain’s Chicago Business. More information is available at GTIgrows.com.