Yes… The rumors are true. Advanced Grow Labs has been purchased by Green Thumb Industries.
Green Thumb Industries (GTI) is a cannabis company that has a Canadian IPO (GTII), which came out in June 2018 and has reported a 344% increase in revenues in their 3rd quarter.
Advanced Grow Labs (AGL) is a CT based cannabis production company with a 41,000 square foot facility which also happens to have almost a 50% stake in a yet to open dispensary in Westport CT.
Once GTI buys AGL for about 80 million, GTI will then have a presence within 11 states. Across those 11 states GTI will have 12 production facilities along with 85 retail outlets.