|Bid||0.0200 x 0|
|Ask||0.0200 x 0|
|Day's Range||0.0150 - 0.0150|
|52 Week Range||0.0100 - 3.7800|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Green Growth Brands Inc. (CSE:GGB) (GGBXF) announced today that it and certain of its direct and indirect wholly owned subsidiaries (collectively "GGB", the "Company" or the “Applicants”) have filed for insolvency protection under the Companies’ Creditors Arrangement Act (Canada) ("CCAA") and obtained an order (the “Initial Order”) from the Ontario Superior Court of Justice (the “Court”) granting the Applicants protection under the CCAA. The Court has granted CCAA protection for an initial 10 day period (the “Initial Period”), subject to extension thereafter as the Court deems appropriate, which expires on May 29, 2020. While under CCAA protection, creditors and others are stayed from enforcing any rights against the Applicants.
On May 12, 2020, All Js’ advanced an additional US$400,000 to the Company, also on a secured basis. Green Growth Brands creates remarkable experiences in cannabis. The company’s brands include CAMP, The+Source, and 8 Fold.
The Moxie Note had a maturity date of January 31, 2020, and the parties were unable to reach agreement as to an extension. In conjunction with the notice related to the Moxie Note, the Company also received notice that its obligations with respect to the previously announced US$4,000,000 termination fee (the “Termination Fee”) owed to Moxie would also be accelerated and be deemed immediately due and payable. The Company is reviewing the notices and will continue working with Moxie to reach resolution on a restructuring solution as to both the Moxie Note and the Termination Fee.
As a result of the Process, the Company has determined that appointment of a receiver is in the best interest of the Company and the creditors of the CBD Business. The CBD Business is operated by six of the Company's subsidiaries: Green Growth Brands LLC, GGB Beauty LLC, GGB Licenses LLC, Green Growth Brands Realty LLC, GGB Kiosks LLC, and GGB GN LLC (collectively, the "CBD Subsidiaries").
Mr. Horvath has served as CEO of the Company since January 2019 and as a member of the Company's Board of Directors since July 2018. Randy Whitaker , the Company's current Chief Operating Officer will take over as interim Chief Executive Officer, effective immediately. Mr. Whitaker has served as the Company's Chief Operating Officer since February 2019.
Green Growth Brands Inc. (GGB or the Company) (CSE: GGB) (OTCQB: GGBXF) today reported its results for the period ended December 28, 2019. Revenues for the period totaled $21.1M.
The Company and an affiliate of BRN (the "Purchaser") have executed a "stalking horse" asset purchase agreement (the "Stalking Horse Agreement") in respect of the CBD Transaction pursuant to which the Purchaser will acquire all of the assets and assume the current liabilities and certain other obligations of the CBD Business. It is anticipated that the Company will hold up to a 20% carried interest in the CBD Business following completion of the CBD Transaction.
COLUMBUS, Feb. 10, 2020 /CNW/ - Green Growth Brands Inc. (GGB or the Company) (GGB.CN) (GGBXF) announced today that it will report results and host a conference call with Company management for the second quarter fiscal 2020 ending December 28, 2019 at 5:00 PM ET on Monday, February 24, 2020 . The call and replay archive will be accessible on Green Growth Brands' Investor Relations website. Green Growth Brands creates remarkable experiences in cannabis and CBD.
Green Growth Brands Inc. (GGB or the Company) (CSE: GGB) (OTCQB: GGBXF) is pleased to announce Jann Parish, Chief Marketing Officer, will be speaking at NRF 2020 Vision: Retail's Big Show in New York City from January 12-14, 2020.
Green Growth Brands Inc. (GGB or the Company) (CSE: GGB) (OTCQB: GGBXF) is pleased to share statistics from its first full holiday season and from its second fiscal quarter ended December 28, 2019.
Green Growth Brands Inc. (GGB or the Company) (CSE: GGB) (OTCQB: GGBXF) is proud to announce that its CAMP Animal Face Solventless Rosin received two awards during the week of December 9, 2019. It was recognized as best Indica vape pen cartridge at the Jack Herer Cup Las Vegas and was also recognized as best vape pen cartridge at the High Times Nevada Cup.
Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) ("GGB" or the "Company") and MXY Holdings LLC ("Moxie") announced today the termination of its proposed business combination as the market adjusts to the changing macro environment.
COLUMBUS, OH, Nov. 12, 2019 /CNW/ - Green Growth Brands Inc. (GGB or the Company) (GGB.CN) (GGBXF) today announced it will report results for the first quarter fiscal 2020 ending September 28, 2019 , after market close on Monday, November 25, 2019 . In conjunction with the release of its financial results, GGB will host a conference call with Company management at 8:30 AM ET on Tuesday, November 26, 2019 . The call and replay archive will be accessible on Green Growth Brands' Investor Relations website.
GGB reports total revenue of $15.7 million in its first partial year of operations COLUMBUS, OH, Oct. 23, 2019 /PRNewswire/ - Green Growth Brands Inc. (GGB or the Company) (CSE: GGB) (OTCQB: GGBXF) today ...
COLUMBUS, OH, Oct. 3, 2019 /CNW/ - Green Growth Brands Inc. (GGB.CN) (GGBXF) ("GGB" or "the Company") is pleased to announce that it has opened its 150th Seventh Sense® Botanical Therapy ("Seventh Sense") CBD mall-based shop. Watch Peter Horvath , CEO of GGB, discuss the growth of Seventh Sense from the Polaris Fashion Place location in Columbus, Ohio . The call will occur on Thursday, October 24th, 2019 . In the interim, the Company would like to share a progress update on the expansion of Seventh Sense®.
COLUMBUS, OH, Sept. 26, 2019 /PRNewswire/ - Green Growth Brands Inc. (GGB.CN) (GGBXF) ("GGB" or "the Company") is pleased to announce that Jann Parish, Chief Marketing Officer, has been named to the Forbes CMO Next list. Through qualitative research tapping into the expertise of industry watchers as well as Forbes' editorial industry knowledge, the list features 50 people who have reached the highest-level marketing position within a given company and who are driving brand and business growth. "I am honored and humbled to receive this recognition," said Jann Parish, CMO of Green Growth Brands.
COLUMBUS, Sept. 24, 2019 /CNW/ - Green Growth Brands Inc. (GGB or the Company) (GGB.CN) (GGBXF) today announced it will report results for the fourth quarter and fiscal year 2019 ending June 30, 2019 , at approximately 5:00 PM ET on Wednesday, October 23, 2019 . In conjunction with the release of its financial results, GGB will host a conference call with Company management at 8:30 AM ET on Thursday, October 24, 2019 . In order to improve comparability between periods, the Company changed its fiscal year-end from a fiscal year ending on June 30th to a 52/53 week fiscal year ending on the Saturday closest to June 30th .
COLUMBUS, Sept. 13, 2019 /PRNewswire/ - Green Growth Brands Inc. (GGB.CN) (GGBXF) (GGB or the Company) announced that, effective today, Gary Galitsky has resigned from the Board of Directors in order to focus on other business endeavors. "As a board member of Xanthic Biopharma, Gary was essential to the successful RTO of GGB," said Peter Horvath, CEO of Green Growth Brands. The Company intends to initiate a process to replace Mr. Galitsky in due course.
COLUMBUS, OH, Aug. 28, 2019 /PRNewswire/ - Green Growth Brands Inc. (GGB.CN) (GGBXF) ("GGB" or "the Company") is pleased to announce the closing of its acquisition of Henderson Organic Remedies, LLC (The+Source Henderson), which was previously disclosed on December 14, 2018. The+Source Henderson is the second The+Source dispensary operated by GGB in greater Las Vegas. The productivity of The+Source Henderson is similar to that of The+Source Las Vegas.
COLUMBUS, OH , Aug. 22, 2019 /CNW/ - Green Growth Brands Inc. (GGB.CN) (GGBXF) ("GGB" or the "Company") announced today the closing of its previously announced "bought deal" short form prospectus offering (the "Offering") of units of the Company ("Units") for aggregate gross proceeds of C$50,225,000 . "We are pleased to announce the completion of our first equity raise as a public company since our October 2018 RTO," said Peter Horvath , CEO of Green Growth Brands. Under the Offering the Company sold a total of 20,500,000 Units at a price of C$2.45 per Unit. Each Unit is comprised of one common share of the Company (a "Common Share") and one half of one common share purchase warrant of the Company (each full warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share (an "Underlying Common Share") at a price of C$3.50 per Underlying Common Share, subject to adjustment in certain events, for a period of 3 years from issuance.