CHICAGO and VANCOUVER, British Columbia, April 06, 2020 (GLOBE NEWSWIRE) -- PRESS RELEASE -- Green Thumb Industries Inc. (GTI), a national cannabis consumer packaged goods company and owner of Rise and Essence retail stores, has announced that Armen Yemenidjian has stepped down from his role as president in order to spend more time with his family in Nevada.

Yemenidjian will continue to work with the company for the next six months to ensure a smooth transition, particularly focusing on Green Thumb’s business in Nevada and California.

“Armen is an early pioneer in the industry and built a great company that we acquired and integrated into our business last year,” said Green Thumb Founder and Chief Executive Officer Ben Kovler. “I am grateful to Armen for the contributions he made to the company, and I look forward to working with him during the transition period.”

“I am committed to helping the company do what it takes to continue to achieve its goals. I intend to continue to be a substantial long-term shareholder of Green Thumb,” said Yemenidjian.