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Green Growth Brands Adds Entertainment Mogul David Grutman to its Expanding All Star Team

Miami-based restaurant, nightlife and hospitality entrepreneur to join GGB in advisory role

COLUMBUS, OH, Nov. 15, 2018 /PRNewswire/ - Green Growth Brands (GGB) announced today that David Grutman has joined the GGB team as Special Advisor to the team. Mr. Grutman, operator of such famous Miami nightclubs as LIV and Story and partner in entertainment hotspots Komodo, Komodo Lounge, OTL and Planta, is also currently partnering with singer/producer Pharrell Williams on the newly launched Miami restaurant and bar complex The Swan and Bar Bevy.

Green Growth Brands (CNW Group/Green Growth Brands)

Named by Rolling Stone magazine as one of the most important people in electronic dance music, Mr. Grutman brings to the company significant expertise in tapping into the entertainment and recreation segment, as well as a rich network in the Miami/South Florida business and entertainment sectors.

"We're pleased that Mr. Grutman has decided to join the team," commented Peter Horvath, CEO of Green Growth Brands. "His ability to develop concepts that resonate with our target audience is impressive and his knowledge of our target market in the South Florida area is unparalleled."

"I was impressed with the Green Growth management team and vision," said Mr. Grutman. "Their extensive retail branding and operational experience, coupled with their robust strategy and strong financial backing, convinced me that this a company that will quickly rise to a leadership position within the emerging cannabis industry."

Green Growth Brands announced on November 9, 2018 that it has completed the reverse takeover (RTO) of Xanthic Biopharma Inc. and launched on the Canadian Securities Exchange (CSE) under the ticker "GGB" on November 13, 2018.

About Green Growth Brands
Green Growth brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that people love. Led by renowned retailer Peter Horvath, the GGB team is full of retail renegades with decades of experience building successful brands. Join the movement at GreenGrowthBrands.com.

Cautionary Statements:

Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's intended focus after listing of its shares on the CSE. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving medical and recreational marijuana; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the marijuana industry in the United States, income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; currency and interest rate fluctuations and other risks.  

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available.

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