Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this
morning announced the May 16, 2019 completion 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 $13,372,162 (CAD$16,749,970). Per the update, the acquisition expands
GGB’s Nevada cultivation footprint to two facilities and positions the company
to supply its retail operations and enhance its current cannabis wholesale
operations.
To view the full press release, visit http://ibn.fm/GHT9z
About Green Growth Brands
Green Growth Brands 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 and Meri + Jayne, with a
licensing agreement with the Greg Norman Brand. Already boasting the strongest
sales per square feet in the cannabis industry, GGB is expanding its presence
in Nevada, Massachusetts and Arizona with CBD presence at ShopSeventhSense.com,
in malls across the country and at DSW shoe stores—and that’s just the
beginning. For more information, visit the company’s website at www.GreenGrowthBrands.com.
NOTE TO INVESTORS: The latest news and updates
relating to GGBXF are available in the company’s newsroom at http://ibn.fm/GGBXF
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