General Cannabis Announces Opening of Chiefton Supply Depot Retail Store

May 13, 2016
OTC Disclosure & News Service

DENVER, May 13, 2016 (GLOBE NEWSWIRE) — General Cannabis Corporation (OTCQB:CANN) today announced the opening of its first retail store, Chiefton Supply Depot. The store will be located at 6565 E. Evans in Denver Colorado. The Chiefton Supply Depot will occupy a ground level suite taking approximately 1,500 square feet in The Greenhouse, General Cannabis’ corporate headquarters and shared cannabis industry workspace. We anticipate the opening of the store in early June with the Grand Opening Celebration in July.

“The storefront will serve as a hub for the Chiefton brand showcasing our apparel lines, collaborations, limited editions, design projects and creative staff,” said Jacob Kulchin, Founder and Managing Director of Chiefton Supply. “We couldn’t be more stoked to offer our community of customers a place to experience the Chiefton culture, all in one place.”

“The opening of Chiefton Supply Depot is an exciting step for General Cannabis,” said Robert Frichtel, Chief Executive Officer. “The new retail store is a perfect example of how CANN successfully acquires, integrates and helps companies in the cannabis industry grow.”

“The Chiefton Supply Depot is another successful use of our corporate flagship in Denver. We look forward to the consumer traffic this will bring to The Greenhouse. The Greenhouse already has a significant amount of cannabis related B2B flow due to the various companies operating out of the building. While we continue to grow our tenant base and look to maximize our banking assets at the facility, it will be exciting to see how the interaction of the business and consumer sectors benefit. The Chiefton Supply Depot will be a unique showcase for the Chiefton brand and design services,” said Executive Chairman Michael Feinsod.

Chiefton is an apparel and design company based out of Denver Colorado. We specialize in innovative cannabis graphic design and branding. Whether it’s developing a branding and apparel package for another organization or producing Chiefton garments, our commitment to original art is what drives us forward.

General Cannabis Corporation is the all-in-one resource for the highest quality service providers available to the regulated Cannabis Industry. We are a trusted partner to the cultivation, production and retail side of the cannabis business. We do this through a combination of strong operating divisions such as real estate, consulting, security, financing and the distribution of important infrastructure products to grow facilities and dispensaries. As a synergistic holding company, our subsidiaries are able to leverage the strengths of each other, as well as a larger balance sheet, to succeed.

Safe Harbor
This presentation contains forward-looking statements which relate to future events or General Cannabis’ future performance or financial condition. Any statements that are not statements of historical fact (including statements containing the words “believes,” “should,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward looking statements as result of a number of factors, including those described from time to time in General Cannabis’ filings with the Securities and Exchange Commission. General Cannabis undertakes no duty to update any forward-looking statements made herein.

Robert Frichtel
CEO – General Cannabis Corp
(303) 759-1300
Copyright © 2016 GlobeNewswire. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.