|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.6269 - 0.6903|
|52 Week Range||0.6200 - 5.2050|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The company posted pro forma revenue for the quarter of $15.3 million, counting a full quarter of revenue from The+Source Henderson, a company Green Growth acquired at the end of August. Green Growth posted negative adjusted EBITDA of $15.22 million versus an adjusted EBITDA loss of $2.69 million in the first quarter of fiscal 2019.
COLUMBUS, OH, Nov. 12, 2019 /PRNewswire/ - 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.
Green Growth Brands Inc. (CSE: GGB) (OTC: GGBXF ) reported total fiscal 2019 revenue of $15.7 million on Wednesday. For the fourth quarter ended June 30, Green Growth posted revenue of $7.2 million, representing ...
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 /PRNewswire/ - 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 /PRNewswire/ - 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 /CNW/ - 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.
Before cannabis producer Aphria (NYSE:APHA) reported its earnings earlier this month, sentiment towards Aphria stock had reached terrible levels. Short sellers were saying that the company was a house of cards and that its accounting was far from convincing.There was also buzz that APHA would have to write down the goodwill from some of its acquisitions. In the meantime, there was volatility in the markets and other large cannabis players - like Tilray (NASDAQ:TLRY), Canopy Growth (NYSE:CGC) and Cronos Group (NASDAQ:CRON) - were getting hit with lots of selling.Regardless, APHA was able to prove the bears wrong - and in a big way. In its last quarterly report, the company announced that its revenues had soared nearly ten times year-over-year to CA$128.6 million. APHA also reported a profit of CA$15.8 million. Keep in mind that analysts, on average, had been looking for a loss of CA$13.9 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo given all this, it should be no surprise that APHA stock subsequently surged over 30%. True, since then Aphria stock has lost some of its value. But it's still well above its levels from before the earnings announcement. * 5 Stocks That Could Pop When the Trade War Ends Now the momentum of Aphria stock is likely to continue. For fiscal 2020 - which ends in May - the company expects its revenues to hit CA$650 million to CA$700 million, with adjusted EBITDA of CA$88 million to CA$95 million. Much-Needed LeadershipIn December, Irwin Simon became CEO of APHA. At the time, the company's situation was looking dicey. Aphria stock was falling, there were concerns about its overall strategy and the company was the target of a hostile takeover by Green Growth Brands (OTCMKTS:GGBXF).Yet Simon wasted little time in getting things on track. Since 1993, he had been the CEO of Hain Celestial Group (NASDAQ:HAIN), where he demonstrated a strong managerial track record.Simon has effectively dealt with the company's supply-chain issues in Canada. He also has focused on being disciplined on costs and has pursued a low-price strategy.During the company's latest earnings call, Simon noted: "In what was a challenging time for us, our team came together as an organization. We identified immediate priorities to help generate substantial progress near-term. We built upon existing business fundamentals, capabilities, streamlined our processes and strengthened our governance and focused on building our brand awareness all with an emphasis on consistent execution. Those efforts enabled us to achieve a positive outcome in the fourth quarter, which you're seeing today."Simon is interim CEO. But he may ultimately become the permanent CEO. Remember that Steve Jobs was initially interim CEO when he returned to Apple (NASDAQ:AAPL) during the 1990s. The Bottom Line on Aphria StockDespite the recent bearishness towards marijuana stocks, their valuations still remain on the high side. But this is not the case with Aphria stock. APHA stock is trading at about 2.3 times analysts' average 2020 sales estimate. That is fairly reasonable in light of the company's strong growth.True, its growth has primarily been due to acquisitions. But hey, dealmaking is critical in the cannabis sector, as there is a "land grab" situation in the space. The good news for Aphria stock is that the company has shown a knack for finding the right targets.Nevertheless, Aphria stock could still be volatile. It probably will be because the cannabis industry is still in the early phases. But Aphria stock does have the potential to be a long-term winner.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Aphria Stock Will Be Boosted by Its CEO's Leadership appeared first on InvestorPlace.
The company reported selling 20.5 million units at a price of CA$2.45 each, with each unit consisting of one common share of the company and one-half of one common share purchase warrant of the company. One warrant gives the right to the holder to purchase one common share under a price of CA$3.50 per underlying common share in the three-year period from issuance.
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.
COLUMBUS, OH , Aug. 14, 2019 /CNW/ - Green Growth Brands Inc. (GGB.CN) (GGBXF) (the "Company" or "GGB") announced today that it has entered into backstop commitment letters with each of All Js Greenspace LLC, Park Lane Capital Limited, and Chiron Ventures Inc. (collectively, the "Investors"), pursuant to which the Investors have committed to subscribe for and purchase, in certain circumstances, up to $102,796,241 in the aggregate (approximately US$77 million ) of convertible debentures (the "Convertible Debentures") of the Company to support the Company's operations and capital needs (the "Commitment Letters").
COLUMBUS, OH, Aug. 1, 2019 /CNW/ - Green Growth Brands, Inc. (GGB.CN) (GGBXF) ("GGB" or "the Company") is pleased to announce the completion of its previously announced acquisition of Spring Oaks Greenhouses, Inc. ("Spring Oaks"), per the terms detailed on July 29, 2019 . 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.
COLUMBUS, OH, July 29, 2019 /PRNewswire/ - Green Growth Brands, Inc. (GGB.CN) (GGBXF) ("GGB" or "the Company") today announced that it has executed an amendment (the "Amendment") to the Share Purchase Agreement (the "Agreement"), dated June 3, 2019, with Spring Oaks Greenhouses, Inc. ("Spring Oaks"), pursuant to which GGB is to acquire all of the issued and outstanding shares of capital stock of Spring Oaks.