04:08:18 EDT Sat 20 Apr 2024
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Goodness Growth Holdings Inc
Symbol GDNS
Shares Issued 78,315,477
Close 2022-06-23 C$ 1.85
Market Cap C$ 144,883,632
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Goodness Growth releases Hicolour pot-chews in N.Y.

2022-06-23 12:02 ET - News Release

Mr. Harris Rabin reports

GOODNESS GROWTH HOLDINGS LAUNCHES HICOLOR(TM) CANNABIS CHEWS IN NEW YORK

Goodness Growth Holdings Inc. has released Hicolor cannabis-infused chews in New York through the company's retail and wholesale channels. The new line of cannabis-infused edibles is now available in five gourmet flavours and two formulations.

"We are excited to expand our Hicolor chews to the New York market," said Harris Rabin, chief marketing officer for Goodness Growth. "These chews come in several formulations, including 10 mg of THC [tetrahydrocannabinol] and formulations with balanced levels of THC and CBD [cannabidiol], offering multiple options for our patients to choose from depending on their needs. The delectable premium flavours were developed by chef Michelle Mango and our edibles R&D [research and development] team. These chews are a great addition to our other existing brands in New York."

Hicolor chews were designed to meet the needs of a variety of cannabis consumers, with product offerings in 10 milligrams of THC and 1:1 CBD:THC formulations. At launch, the chews are available to New York patients in Key Lime, Concord Grape, Hawaiian Pineapple, Oxnard Strawberry and Alfonso Mango flavours. The chews are vegan, gluten-free, Kosher, non-GMO (genetically modified organisms) and use only natural flavours.

Hicolor chews are currently available in all four of the company's Vireo Health dispensaries in New York, as well as in select licensed dispensaries across the state with additional licensed dispensaries expected to add Hicolor to its product assortment over the coming months. The New York launch of Hicolor follows the brand's debut in Maryland in late 2021, where it continues to see great success and expanded flavour and formulation options, including seasonal flavours and a new formulation combining THC and CBN (cannabinol).

Subject to regulatory approval, the company plans to launch the Hicolor brand in its Minnesota market later this year when the state's medical cannabis program expands to allow cannabis-infused edibles, expected to begin in August.

About Goodness Growth Holdings Inc.

Goodness Growth Holdings is a physician-led, science-focused holding company whose mission is to bring the power of plants to the world. The company's operations consist primarily of its multistate cannabis company subsidiary, Vireo Health Inc., and its science and intellectual property incubator, Resurgent Biosciences Inc. The company manufactures proprietary, branded cannabis products in environmentally friendly facilities and state-of-the-art cultivation sites and distributes its products through its growing network of Green Goods and other retail locations and third party dispensaries. Its team of more than 500 employees is focused on the development of differentiated products, driving scientific innovation of plant-based medicines, and developing meaningful intellectual property. Today, the company is licensed to grow, process and/or distribute cannabis in six markets; it operates 18 dispensaries across the United States.

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