Green Growth Brands Inc OTCMKTS: GGBXF creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, Meri + Jayne, and has a licensing agreement with the Greg Norman Brand. Already boasting the strongest sales per square feet in the cannabis industry, GGB is expanding its cannabis operations throughout the U.S., its CBD presence at ShopSeventhSense.com, in malls across the country and at DSW shoe stores—and that’s just the beginning.
Green Growth Brands Inc OTCMKTS: GGBXF On May 22, 2019 announce the grant of an aggregate of 212,636 deferred share units (the “DSUs”) under the Company’s equity incentive plan (the “Plan”) to certain of its non-executive directors (the “DSU Recipients”). The DSUs will be granted to the DSU Recipients as a compensation for their services to the Company.
Each DSU will carry the right to receive one common share of the Company upon vesting. All of the DSUs will vest as of the date of award. All other terms and conditions of the DSUs are in accordance with the terms of the Company’s Plan.
The Company has also entered into an arm’s length Advisory Services Agreement (the “Advisory Agreement”) with Authentic Retail Concepts, Ltd. (“ARC”) for a variety of ongoing consulting services related to retail distribution strategies including facilitating introductions to certain real estate owners and operators. As compensation for the services under the Advisory Agreement, GGB has issued to ARC 500,000 common shares valued at USD$1,555,000 (CAN$2,130,000) and 500,000 common share purchase warrants of GGB, reflecting the GGB share price of USD$3.11 (CAN$4.26) as of the close of trading on May 21, 2019. The shares are subject to a lock up agreement for a period of 12 months from the effective date.
Green Growth Brands Inc OTCMKTS: GGBXF On May 23, 2019 announced it will report results for the third quarter fiscal 2019, which ended March 31, 2019, at approximately 5:00 PM EDT on Wednesday, May 29, 2019.
In conjunction with the release of its financial results, GGB will host a conference call and audio webcast with Chief Executive Officer, Peter Horvath, and Chief Financial Officer, Brian Logan, at 8:30 AM EDT on Thursday, May 30, 2019.
Green Growth Brands Inc OTCMKTS: GGBXF On May 17, 2019 announce the completion yesterday, May 16, 2019, of its previously announced acquisition of a Pahrump, Nevada cultivation facility, operated by Wellness Orchards of Nevada LLC (WON) and Panorama WON LLC (Panorama), for a purchase price of USD$13,372,162 (CAD$16,749,970). The Company initially announced the acquisition on December 13, 2018.
The closing of this acquisition brings GGB’s Nevada cultivation footprint to two facilities, positioning the company to supply its retail operations and enhance its current cannabis wholesale operations.