GGBXF Cannabis & Hemp News

04/03/2020 - 5:01pm
GGBXF
800 Fired From Pot Jobs in Malls, and Other Cannabis Stories You May Have Missed
The spread of COVID-19 has seen typically stable sectors of the economy rival the chaos of the nascent cannabis industry. True to their reputation, these past few weeks have not been smooth sailing for pot companies. Here’s a look at some of the cannabis-related stumbles you may have missed: Green Growth Brands lays off about 800 workers The spread of COVID-19 across North America couldn’t have come at a worse time for Green Growth Brands… (Cannabis)
04/03/2020 - 11:58am
HMUS, GSML, YCBD, GGBXF, ^MMJ
Horizons Marijuana ETF’s Makes Changes
Horizons ETFs Management Inc. has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) and the Horizons US Marijuana Index ETF (NEO:HMUS). This quarter, four companies were removed from HMMJ’s portfolio: Deletions Company Name Ticker Exchange Abacus Health Products Inc. ABCS Canadian Securities Exchange Agraflora Organics International Inc. AGRA Canadian Securities Exchange Flower One Holdings Inc. FONE Canadian Securities Exchange CBDMD Inc. YCBD New York Stock Exchange Performance Update as of March 31, 2020, 1Month 3Month 6Months YTD 1Year AnnualizedSince Inception** HMMJ -15.28% -28.36% -45.68% -28.36% -69.05% -9.55% NAMMAR Index -17.27% -32.10% -43.98% -32.10% -69.91% -15.89% TX60AR Index -15.30% -18.48% -16.49% -18.48% -11.68% -0.79% HMUS REBALANCE Launched in April 2019, HMUS is the world’s first U.S.-focused marijuana index ETF. HMUS seeks to replicate, to the extent possible, the performance of the US... (Cannabis, Hemp, Management, New York, Products, United States)
04/03/2020 - 9:54am
GGBXF
Green Growth’s CBD Business Goes Into Receivership
Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) has placed the company’s CBD business into receivership . This is typically a move to avoid bankruptcy. This was the determination from the company’s special committee of the Board of Directors. Just a few weeks ago, Green Growth Brands closed down its CBD business, which was operating as the chain of Seventh Sense stores or kiosks. The company stated at that time that the stoppage in business was due to COVID19 and the closing of malls and retail areas. However, the company was struggling prior to the virus crisis. The consent to the appointment of the receiver was filed on April 2, 2020, with the Franklin County Court of Common Pleas, in Franklin County, Ohio. Materials related to the filing can be accessed via the Franklin County Clerk of Courts electronic docket, which can be found at https://fcdcfcjs.co.franklin.oh.us/CaseInformationOnline/ . Technically, the CBD Business is operated by six of the company’s subsidiaries: Green... (Cannabis, CBD, Financing, Florida, Greenhouses, Management, Massachusetts, Nevada, Ohio, Organic, Subsidiaries, United States, Dispensaries, Funding)
04/03/2020 - 8:57am
GGBXF
Green Growth Brands Announces Conclusion of Strategic Review Process, Consent to Receivership Appointment for CBD Business, and Continuation of Cannabis Business in Florida, Massachusetts, and Nevada
Green Growth Brands Inc. announced today that a special committee of... Read the full article " Green Growth Brands Announces Conclusion of Strategic Review Process, Consent to Receivership Appointment for CBD Business, and Continuation of Cannabis Business in Florida, Massachusetts, and Nevada " on The Daily Marijuana Observer . (Cannabis, CBD, Florida, Massachusetts, Nevada, United States)
04/03/2020 - 7:24am
GGBXF
Green Growth Brands Puts Its CBD Business Into Receivership
Green Growth Brands Announces Conclusion of Strategic Review Process, Consent to Receivership Appointment for CBD Business, and Continuation of Cannabis Business in Florida, Massachusetts, and Nevada COLUMBUS, OH, April 3, 2020 /PRNewswire/ – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) (“GGB” or the “Company”) announced today that a special committee of the Board of Directors has concluded […] (Cannabis, CBD, Florida, Massachusetts, Nevada, United States)
04/03/2020 - 7:24am
GGBXF
Green Growth Brands Puts Its CBD Business Into Receivership - New Cannabis Ventures
Green Growth Brands Puts Its CBD Business Into Receivership New Cannabis Ventures (Cannabis, CBD)
04/02/2020 - 7:37pm
GGBXF
Resource – Video: Green Growth (LA) provide information about the ” Paycheck Protection Program”
As you all want to know What About Cannabis Businesses? and What Do Cannabis Businesses Qualify For?Here’s their update in full……..At the end … Read More... (Cannabis)
03/27/2020 - 10:35pm
GGBXF
Cannabis Career Watch | New Hires and Promotions March 27, 2020
Peter Horvath stepped down from his role as chief executive officer and as a member of the board of directors at Green Growth Brands, positions which he’d held since January […] (Cannabis)
03/27/2020 - 7:30am
GGBXF, HRVSF, OGRMF
Green Market Report’s Marijuana Money March 27, 2020
The COVID19 pandemic continues to rage on. Unfortunately for Massachusetts recreational dispensaries, what had been the silver lining in the clouds, meaning increased sales, has been taken away. The state decided to stop all adult use cannabis sales and now only medical marijuana sales can take place. Despite the virus crisis, companies are still making key decisions. The Harvest Health and Verano deal is over. The deal which was once valued at $850 million when Harvest stock was trading at roughly $8 has been terminated. Harvest stock is now trading just over a dollar. Charlotte’s Web announced an agreement to acquire Abacus and the combined entity is anticipated to represent nearly 35% of U.S. CBD sales withing the Food/Drug/Mass Retail channel. The deal is valued at $99 million. Curaleaf Holdings, Inc. said it will acquire three Arrow Alternative Care (AAC) dispensaries in the state of Connecticut. AAC operates three out of 18 total stores currently operational in the state... (Canada, Cannabis, CBD, Connecticut, Food, Massachusetts, Medical Marijuana, Recreational, United States, Dispensaries)
03/25/2020 - 3:22am
GGBXF
Green Growth Brands says laid-off workers will be paid while sale of CBD business continues
Cannabis retail giant Green Growth Brands, which abruptly laid off 870 workers last week and told them that plans to sell part of the business could be delayed “until the world begins to resume normalcy,” is trying to reassure investors and former employees that its transition plans are intact. Let’s hope that all this is all true Retail employees told Hemp Industry Daily that they were abruptly terminated last week and told they wouldn’t be paid for their final days. The company cited market disruption caused by the coronavirus pandemic. “This put incredible stress on our business. … Unfortunately, we’re not in a position to fund payroll,” company executives told employees March 19 in a message shared with Hemp Industry Daily. The laid-off employees weren’t quiet about being let go without pay during a national health crisis. “Hundreds of people are now scrambling trying to figure out what they’re going to do,” former kiosk worker Rebecca Hottinger wrote in an email to Hemp Industry... (Cannabis, CBD, Hemp, Investors)
03/24/2020 - 10:38pm
GGBXF
Along With CEO Horvath, 870 Other Jobs Went At Green Growth
Cannabis retail giant Green Growth Brands, which abruptly laid off 870 workers last week and told them that plans to sell part of the business could be delayed “until the world begins to resume normalcy,” is trying to reassure investors and former employees that its transition plans are intact. The company temporarily shuttered hundreds of mall kiosks selling CBD products last week and told hundreds of employees that it could not pay them, citing “the collapse of the capital markets for cannabis-related businesses.” However, Green Growth Brands said Monday that its plans to sell the CBD side of the business are still on, though volatile market conditions could delay progress. The kiosks remain closed for now. Read more at Green Growth Brands says laid-off workers will be paid while sale of CBD business continues (Cannabis, CBD, Investors, Products)
03/23/2020 - 4:47pm
TBPMF, GGBXF, OGRMF
The Daily Hit: March 23, 2020
It’s time for your Daily Hit of financial News for March 23, 2020. On The Site Organigram Canadian-based Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) gave good news and bad news on Monday morning. The company stated that it had received approval from Health Canada for its expansion, but then also said its workforce would be reduced due to Covid-19. Organigram said it had been carefully monitoring and actively planning for the evolving situation related to COVID-19 and the potential impacts on business. The company noted that not all of the jobs at its Moncton facility can be done remotely and that in order to protect employees it was expecting temporary layoffs. “The Company currently expects that its workforce will be materially reduced as a result of voluntary and company-imposed temporary lay-offs to facilitate adequate social distancing while the COVID-19 situation lasts. This will result in corresponding production and packaging reductions.” Organigram said it hoped to “... (Canada, Cannabis, Development, Financing, Growers, Management, Monitoring, New York, Packaging, Production, Regulations, Research, Retail Stores, United States, Cultivation, Funding)
03/23/2020 - 3:22pm
GGBXF, GTBIF, CCHWF, CRLBF, CVSI, HRVSF, LHSIF, ITHUF, KERN, PLNHF, TCNNF
How COVID-19 Is Impacting Public Cannabis Companies
Near-Term Operational ImpactLike all other businesses, the cannabis industry is having to quickly adjust. The good news is that no states, so far, have shut down cannabis operators, as they have been deemed as essential service providers, like drug stores. We recently interviewed Kim Rivers , CEO of Trulieve, the dominant medical cannabis company in Florida with 45 dispensaries. She detailed the steps that the company has taken to keep customers and employees safe, including scanning temperatures of employees when they arrive and immediately sending workers home if they aren’t feeling well. The company has also offered free delivery to patients who are 65 or older and is piloting a mobile drive-up program for all patients.A few public companies have commented on their operations, including Cresco Labs, which issued a press release describing its response, including heightened sanitation measures and an effort to drive traffic to online ordering. Green Thumb Industries, which, like... (Canada, Cannabis, CBD, Development, Florida, Illinois, Investors, Medical Marijuana, Nevada, POS, Software, Stock Index, Stocks, United States, THC, Dispensaries)
03/23/2020 - 8:50am
GGBXF
Green Growth Brands Finds Money To Pay Its Laid Off Workers
Editors Note: This story was updated on March 23, 2020. Since this story was published on Friday, March 20, 2020, Green Growth Brands informed its laid-off workers that they would get paid. A spokesman for the company said, “At the time of the decision, the company remained uncertain of its ability to fund the payroll for the period ending today, March 20, 2020. As of this writing, I can confirm that such funding has been secured, that payroll has been initiated, and that all associates released will be paid for their time worked.” The spokesman also confirmed that Horvath resigned voluntarily and would receive no severance pay. According to the company’s Management Information Circular, “If Mr. Horvath had been terminated by the Company without cause or had resigned from the Company for good reason as at June 30, 2019, Mr. Horvath would have been entitled to a payment of $2,550,000.” Original Story Green Growth Brands (OTC: GGBXF) was paying its executive’s handsome salaries, while... (Advertising, CBD, Cleaning, Consulting, Management, Marketing, Massachusetts, Nevada, Products, United States, Funding)
03/21/2020 - 3:42am
GGBXF
Green Growth Brands announces CEO’s departure
Green Growth Brands, an embattled cannabis retailer in the process of selling off its line of mall-based CBD kiosks, said its CEO has stepped down, effective immediately. The outgoing CEO, Peter Horvath, came to the Columbus, Ohio, company after leading company strategy for retail giants such as Victoria’s Secret, American Eagle Outfitters, DSW and Limited Brands. After a disappointing holiday sales period, Green Growth Brands announced in February that it is selling most of that business to focus on running marijuana dispensaries.Horvath’s departure comes after a tumultuous few months for the company, which owns the nation’s largest chain of CBD retail kiosks. Troubled cannabis retailer Green Growth Brands announces CEO’s departure (Cannabis, CBD, Ohio, United States, Dispensaries)
03/20/2020 - 2:38pm
EDXC, GGBXF
Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 386 (OTC: EDXC) (CSE: GGB) (OTCQB: GGBXF) (CSE: VIBE) (TSXV: KHRN) (OTCQB: KHRNF) - InvestorIdeas.com
Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 386 (OTC: EDXC) (CSE: GGB) (OTCQB: GGBXF) (CSE: VIBE) (TSXV: KHRN) (OTCQB: KHRNF) InvestorIdeas.com (Cannabis, Stocks)
03/20/2020 - 1:42pm
GGBXF
Marijuana retailer Green Growth announces CEO’s departure
Green Growth Brands, a troubled marijuana retailer in the process of focusing solely on marijuana, said its CEO has stepped down, effective immediately. The outgoing CEO, Peter Horvath, came to the Columbus, Ohio, company after leading strategies for retail giants such as Victoria’s Secret, American Eagle Outfitters, DSW and Limited Brands. Horvath’s departure comes after […] Marijuana retailer Green Growth announces CEO’s departure is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs (Cannabis, Ohio, United States)
03/20/2020 - 12:18pm
GGBXF
Breaking: Green Growth Brands closes CBD stores, CEO Horvath resigns
The company wanted to target consumers new to cannabis as more states legalize marijuana and CBD's federal ban has lifted. In the space of a year ... (Cannabis, CBD)
03/20/2020 - 9:38am
GGBXF
CEO Peter Horvath Out At Green Growth Brands
Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) CEO Peter Horvath is stepping down from this position and as a member of the Board of Directors effective on Thursday, March 19. The announcement was made after the market closed. Mr. Horvath has served as CEO of Green Growth Brands 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. The vacancy on the Company’s Board of Directors will be filled in due course. Ms. Carli Posner the Chair of the Board of Directors said, “On behalf of the Board and everyone at GGB, I would like to offer my heartfelt thanks to Peter for his significant contribution and dedication to the Company and wish Peter the best for his future endeavors.” Mr. Horvath responded, “I am humbled to have worked with... (Cannabis, CBD, Deals, Financing, Nevada, Products, Subsidiaries, United States, Dispensaries, Funding)
03/19/2020 - 7:26pm
GGBXF
Troubled cannabis retailer Green Growth Brands announces CEO's departure
Green Growth Brands, an embattled cannabis retailer in the process of selling off its line of mall-based CBD kiosks, said its CEO has stepped down, ... (Cannabis, CBD)
03/19/2020 - 6:51pm
GGBXF
Green Growth Brands Announces Leadership Change And Provides Corporate Update Regarding COVID-19
submitted by /u/j0dd [link] [comments] ()
03/03/2020 - 4:22pm
GGBXF
Green Growth Brands returns its focus to marijuana
Ohio-based Green Growth Brands is exiting the CBD market to focus exclusively on running its marijuana operations. Green Growth Brands agreed to sell an 80% stake in its chain of CBD kiosks in malls to The BRN Group of New York for an undisclosed price. Green Growth Brands CEO Peter Horvarth told analysts the company can […] Green Growth Brands returns its focus to marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs (Cannabis, CBD, New York, Ohio, United States)
02/28/2020 - 9:15am
ACRGF, GGBXF, GWPH, IIPR, VLNCF
Green Market Report’s Marijuana Money February 28, 2020
The broader markets hit the correction zone this week as stocks sold off in a major way over corona virus fears. That certainly didn’t help cannabis companies as this industry begins its earnings season. Some companies actually had good reports, but you wouldn’t know it by the selling we saw. Here are the good earnings releases: GW Pharmaceuticals plc reported Total revenues of $109 million for the fourth quarter easily beating the S&P Capital IQ estimate for revenue of $80 million. the company also trimmed its net losses to $24.9 million, but it missed the estimates for losses per share. Valens GroWorks delivered a solid fourth quarter and fiscal year earnings report. revenue increased to $58.1 million for the fiscal year 2019. For the fourth quarter of 2019 revenue increased to $30.6 million, an 86.0% increase over the third quarter and above the high-end of the guidance range Innovative Industrial Properties generated total revenues of approximately $17.7 million in the quarter... (Cannabis, Financing, Illinois, Stocks, United States, Pharmaceuticals)
02/27/2020 - 11:23am
GGBXF, VLNCF
The Daily Hit: February 24, 2020
It’s time for your Daily Hit of cannabis financial news for February 24, 2020. On The Site Green Growth Brands Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) announced that The BRN Group Inc. has agreed to acquire the company’s cannabidiol business . The company and an affiliate of BRN have executed a “stalking horse” asset purchase 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. The company said in a statement that at least two-thirds of the independent members of the Board have determined that Green Growth Brands is in serious financial difficulty with limited alternatives. Trump Makes Negative News The Trump Administration has proposed the removal of a rider provision protecting state-legal cannabis businesses from the federal government’s interference. This comes with the release of his fiscal year 2021 budget plan. The rider in... (California, Canada, Cannabis, CBD, Development, Distribution, Extraction, Hemp, Manufacturing, Medical Marijuana, Product Development, Products, United States, Vertically Integrated, Dispensaries, Cultivation, Funding)
02/26/2020 - 1:08pm
GGBXF
Cannabis retailer Green Growth Brands looking to offload its CBD brands - New York Business Journal
Cannabis retailer Green Growth Brands looking to offload its CBD brands New York Business Journal (Cannabis, CBD, New York, United States)
02/26/2020 - 6:32am
GGBXF, GWPH
Deal on cannabis banking bill “close” (Newsletter: February 26, 2020)
Bottle bill includes marijuana drinks; Dems debate cannabis; Smokable hemp bill to VA gov; Mexican senators work to finalize legalization plan Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you're human: Your support makes Marijuana Moment possible… This issue of Marijuana Moment, and our original reporting that is featured in it, are made possible by the generous support of 445 Patreon sponsors . Cannabis industry professionals receive valuable rewards for pledges of $25 and up. Check out the perks of being a sponsor on our Patreon page. https://www.patreon.com/marijuanamoment / TOP THINGS TO KNOW Sen. Cory Gardner (R-CO) said in a speech at a credit... (Alaska, Arizona, Arkansas, Banking, Beverage, California, Canada, Cannabis, CBD, Distribution, Drinks, Facilities, Florida, Foods, Georgia, Hemp, Illinois, Investment, Law, Legalization, Loans, Massachusetts, Medical Marijuana, Mexico, Michigan, New Mexico, New York, Pennsylvania, Production, Recreational, Regulations, Science, South Carolina, South Dakota, Testing, Texas, Tracking, United States, Vermont, Virginia, Recreational Cannabis, Pharmaceuticals)
02/25/2020 - 12:43pm
GGBXF
Cannabis Stock News: Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) Reports Second Quarter Fiscal 2020 Results - InvestorIdeas.com
Cannabis Stock News: Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) Reports Second Quarter Fiscal 2020 Results InvestorIdeas.com (Cannabis)
02/25/2020 - 11:14am
GGBXF, APHA
One-Time Aphria Suitor Sells CBD Unit Amid Financial Strain
(Bloomberg) -- Green Growth Brands Inc., once a suitor of Aphria Inc., is selling its CBD business and restructuring debt amid what the company is ... (CBD)
02/25/2020 - 3:00am
GGBXF, VLNCF
Cannabis Canada: Green Growth, Valens earnings paint contrasting futures for the pot industry - Article - BNN - BNNBloomberg.ca
Cannabis Canada: Green Growth, Valens earnings paint contrasting futures for the pot industry - Article - BNN BNNBloomberg.ca (Canada, Cannabis)
02/24/2020 - 6:09pm
GGBXF
Green Growth Sells Off CBD Biz As The Board Says It Has Limited Alternatives
Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) announced that The BRN Group Inc. has agreed to acquire the company’s cannabidiol business . The company and an affiliate of BRN have executed a “stalking horse” asset purchase 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. The company said in a statement that at least two-thirds of the independent members of the Board have determined that Green Growth Brands is in serious financial difficulty with limited alternatives. “As such, GGB intends to rely on the exemption from the minority shareholder approval requirements of MI 61-101 based on the financial hardship exemption.” “While we are excited by the consumer demand signals we saw in the CBD Business during the quarter ending December 28, 2019, and we remain confident in its future potential, the CBD Business remains in its nascency,” said... (Cannabis, CBD, Financing, Growing, Nevada, United States, Funding)
02/24/2020 - 5:33pm
GGBXF
Green Growth Brands Reports Second Quarter Fiscal 2020 Results
submitted by /u/snqm [link] [comments] ()
02/24/2020 - 4:58pm
GGBXF
Green Growth Brands Enters into Definitive "Stalking Horse" Agreement to Sell its CBD Business, Restructures Backstop Debentures and Secures US$10M Equity Commitment from Key Stakeholder
submitted by /u/modo85 [link] [comments] (CBD)
02/24/2020 - 3:15pm
GGBXF
Columbus-based cannabis retailer Green Growth Brands cuts jobs ahead of earnings call
The Columbus company had opened nearly 200 mall kiosks and stores-within-stores selling its brands of CBD beauty and personal care products last ... (Cannabis, CBD, Products)
02/24/2020 - 3:00pm
GGBXF
Columbus-based cannabis retailer Green Growth Brands cuts jobs ahead of earnings call - New York Business Journal
Columbus-based cannabis retailer Green Growth Brands cuts jobs ahead of earnings call New York Business Journal (Cannabis, New York, United States)
02/12/2020 - 3:36pm
ACB, CGC, CRLBF, GGBXF, HRVSF, CBCA, NYSE:MO
Canadian Cannabis Companies Have 6 Months Liquidity, Americans 14 Months Says Study
Marketwatch reports……..The largest Canadian marijuana companies have less than a year’s worth of cash left on average, and their U.S. counterparts aren’t faring much better, according to a new study by Ello Capital. “The entire sector is experiencing a considerable cash crunch,” a Green Growth spokeswoman wrote in an email. “Like many of our peers, we are closely monitoring capital and are working with key investors to secure additional funding.” Canadian companies have, on average, enough cash on hand to operate for six and a half more months, according to an analysis released Tuesday by Ello Capital, while U.S. weed companies typically have about 14 months of cash. Ello examined company filings, other public statements and market data to determine how many months of liquidity remained for 13 of the largest U.S. weed companies by market value and seven from Canada. Two of the largest Canadian names are on pace to run out of money within the next 12 months, according to Ello. Aurora... (Canada, Cannabis, Financing, Growing, Investment, Investors, Legalization, Monitoring, Recreational, Regulations, Funding)
01/01/2020 - 9:12pm
APHA, GGBXF
Breaking: Private Text shows Michael Serruya could be part of Misleading Aphria SEC Filing: $APHA $GGB
Teri reports at her blog Smashmouth 31 Dec 2019 Private Text shows Michael Serruya could be part of Misleading Aphria SEC Filing: $APHA $GGB A private text exchange between an Aphria deal lawyer and a member of the board calls into question the accuracy of an regulatory filing with the Securities and Exchange Commission about a bid cannabis company Green Growth Brands made to takeover Aphria. The bid was deemed as ‘hostile’ by Aphria’s board early this year and drew press attention after Aphria’s stock had lost at least half its market share from a short seller report , published the first week of December 2018, questioning the value paid by Aphria for foreign cannabis assets that significantly benefited insiders, like Michael Serruya and Andy Defrancesco, without disclosing the true nature of the transaction. Aphria, who at the time was run by CEO Vic Neufeld, called Serruya an independent director and put him on a special committee to investigate the legitimacy of the Green Growth... (Bitcoin, Cannabis, Investors, Loans, Management, Media, New York, United States, Digital Currencies, Hedge Fund, Security)
01/01/2020 - 7:30pm
APHA, CBWTF, CGC, GGBXF
5 Top Cannabis News Stories of 2019
As we come to the end of 2019, the Investing News Network (INN) is looking back on some of the most eye-grabbing news of the year for the cannabis industry. The year was marked both with difficulties and impressive developments in the burgeoning space that rocked the stock market and investor sentiment. Here, INN gives investors an overview of some of the year’s top news stories in the growing cannabis sector. Investors can also look back at our top five stories from 2018 . Did you miss MJBizConINT'L 2019? Learn what Cannabis industry leaders forecast for the future! Give me my free report! 1. Auxly CEO: Edibles Legalization Will Reset Cannabis Industry Though Canada got hit by the global cannabis market slump, some industry players said Cannabis 2.0 — the legalization of edible and infused marijuana products — would be a boon for the sector. Hugo Alves, Auxly Cannabis Group’s (TSXV: XLY ,OTCQX:CBWTF) CEO, told INN in September that the new phase of legalization would reset the... (Banking, Canada, Cannabis, Edibles, Growing, Investing, Investment, Investors, Legalization, Products, Regulations)
12/30/2019 - 4:56pm
GGBXF
Cannabis retailer Green Growth Brands calls off $310M acquisition
Cannabis retailer Green Growth Brands Inc. has ended its $310 million deal to acquire Moxie, which operates marijuana dispensaries in five states. (Acquisition, Cannabis, Dispensaries)
12/30/2019 - 4:51pm
GGBXF
Cannabis retailer Green Growth Brands calls off $310M acquisition - New York Business Journal
Cannabis retailer Green Growth Brands calls off $310M acquisition New York Business Journal (Acquisition, Cannabis, New York, United States)
12/30/2019 - 4:51pm
GGBXF
Cannabis retailer Green Growth Brands calls off $310M acquisition - New York Business Journal
Cannabis retailer Green Growth Brands calls off $310M acquisition New York Business Journal (Acquisition, Cannabis, New York, United States)
12/30/2019 - 4:35am
GGBXF
Green Growth Brands Inc (OTCMKTS:GGBXF)’s CAMP Animal Face Solventless Rosin Receives Two Accolades: Green Growth Terminates Proposed Business Combination
Green Growth Brands Inc (OTCMKTS:GGBXF) ‘s CAMP Animal Face Solventless Rosin has won two accolades during the week beginning December 9, 2019. It is cherished as the best vape pen cartridge and the best Indica vape pen cartridge at the High Times Nevada Cup and the Jack Herer Cup Las Vegas, respectively. No solvents in the extraction The solventless rosin strain – Camp Animal Face is rich in terpins. Green Growth cultivates the flowers in small batches and picks and trims by hand. It extracts the pure press cannabis for a clean experience and a nice authentic flavor. The company does not use any solvents in the extraction process to give you a natural flavor. The users can enjoy the natural product with an authentic flavor of flowers in a vape cartridge. Green Growth has introduced the solventless Rosin Cartridge under the CAMP brand in Nevada. Chief Operating Officer of Green Growth, Randy Whitaker, said it is a great milestone for the company because High Times and Herer Cup have... (Cannabis, CBD, Extraction, Genetics, Jordan, Nevada, Products, United States, Dispensaries, Extracts)
12/20/2019 - 6:46pm
GGBXF
Faltering businesses scrap deals and lower expectations of survival
Green Growth nixes buy of Moxie / Other major brands might not make the distance Ohio-based Green Growth Brands, a major cannabis player active in both CBD and THC retail products, and pulled out of its planned acquisition of privately owned Moxie Holdings. The company cited a need to adjust to the “changing macro environment” as the principal reason for terminating the all-stock deal that was once valued at $310 million. This announcement comes after a number of planned acquisitions in the U.S. cannabis market have faltered. MedMen cancelled the purchase of PharmaCann in October, and other multistate operators, have restructured previously announced deals amid falling stock prices and the need to focus on profitability and liquidity. submitted by /u/DrDWise [link] [comments] (Acquisition, Cannabis, CBD, Deals, Ohio, Products, United States, THC)
12/18/2019 - 5:35pm
GGBXF
Green Growth Deal to Buy Moxie Falls Apart in Sign of Further Cannabis Carnage
Moxie took another look at the operations of Green Growth Brands and said thanks but no thanks. Will GGB survive through Christmas? (Cannabis)
01/11/2019 - 7:00pm
GGBXF
Shoe Retailer DSW Begins Selling CBD Products
On January 9, shoe retailer DSW ordered 54,960 hemp-derived cannabidiol (CBD) personal care products from Green Growth Brands. 96 US-based DSW stores will carry the CBD products. “We have seen recent shifts in consumer behavior accelerate changes in the retail industry,” said Roger Rawlins, CEO of DSW Inc. “North America’s widespread adoption of the use of CBD products is one of the best examples of these shifts, and we could not be more excited about our partnership with Green Growth Brands and the introduction of their products to our customers.” This follows a successful test phase conducted last autumn in which Green Growth Brands sold select Seventh Sense CBD products in 10 DSW stores. During the first 10 weeks of the test period, 74.4% of product presented on shelves was sold, significantly exceeding expectations. “DSW is the number one full line adult footwear specialty retailer in North America,” said Peter Horvath, CEO of Green Growth Brands. “They have revolutionized... (Arizona, Cannabis, CBD, Growing, Hemp, Ohio, Products, United States)
01/10/2019 - 9:59pm
GGBXF
Green Growth Posts Updated Corporate Presentation to Website
submitted by /u/170807 [link] [comments] ()
01/04/2019 - 1:00pm
GGBXF, APHA, SPLIF
Cannabis Big News Roundup: Nutritional High Enters Into Asset Purchase Agreement in Washington; Yield Growth Announces 9 New Products; MediPharm Labs Increases Annual Production Capacity by 50 Percent
In case you missed it, here is this week’s big news roundup for cannabis: Nutritional High Enters Into Asset Purchase Agreement in Washington FinCanna Portfolio Company, Refined Resin Technologies Acquires Key Distribution License Biome Announces OTCQB Listing Green Growth Brands Announces Intention to Launch Takeover Bid for Aphria Inc. Yield Growth Announces 9 New Products, Pass Stability Testing MYM Shifts Focus in Australia MediPharm Labs Increases Annual Production Capacity by 50% Up to 150,000KG; Positioned to Meet Significant Demand for Purified Cannabis Concentrates and Oil Wayland Receives Additional Licensing from Health Canada To see our previous Cannabis Investing Big News Roundups, please click here. Keep up with major deals and investment opportunities in marijuana Learn to profit from cannabis companies Give me my free report! The post Cannabis Big News Roundup: Nutritional High Enters Into Asset Purchase Agreement in Washington; Yield Growth Announces 9 New Products;... (Australia, Canada, Cannabis, Deals, Distribution, Investing, Investment, Production, Products, Testing, United States, Washington)
01/04/2019 - 10:09am
GGBXF, APHA
Oregon Considers Cannabis Exports, Michigan Closes Dozens of Unlicensed Dispensaries: Week in Review
This week, a business association called the Craft Cannabis Alliance started working with Oregon legislators to explore the possibility of cannabis exports to other legal-marijuana states, which could take effect by 2021. Elsewhere, in Michigan, more than 70 unlicensed medical marijuana dispensaries were closed after a state-imposed Dec. 31 licensing deadline.Here, we’ve rounded up the 10 headlines you need to know before this week is over. Federal: The newly legal hemp industry is indefinitely paused during the government shutdown, as the U.S. Department of Agriculture is unable to approve state hemp program regulations and the FBI is unable to conduct required background checks. At issue, on a political level, is whether President Trump will sign a spending bill that excludes funding for a U.S.-Mexico border wall. Read more Oregon: Marijuana could take the next step toward joining pinot noir, craft beer and hazelnuts on Oregon's list of famous exports, under a proposal likely to go... (California, Cannabis, Edibles, Grower, Hemp, Indiana, Law, Legalization, Medical Marijuana, Mexico, Michigan, Nevada, Ohio, Oklahoma, Oregon, Products, Recreational, Regulations, Retail Stores, United States, THC, Dispensaries, Cultivation, Funding)
01/02/2019 - 7:25pm
APHA, CGC, GGBXF, LHSIF
Aphria Chairman Gives Response to Green Growth Offer
The chairman of Aphria (NYSE: APHA ,TSX:APHA) has clarified his stance on a takeover bid from Green Growth Brands (GGB) (CSE: GGB ) as the multi-state operator commits to its proposed strategy. Following a statement from GGB restating its intentions to pursue the takeover, Irwin Simon, chairman of Aphria, told CNBC’s Squawk Box on Wednesday (January 2) there had been no official offer for the company. When asked if GGB could serve as a potential strategic partner, Simon said currently “absolutely not.” Keep up with major deals and investment opportunities in marijuana Learn to profit from cannabis companies Give me my free report! “First of all there has been no official offer for the company, ok? GGB came out and said they like to either partner or merge with the company,” Simon said. However, he added there is a possibility of a partnership at a later date due to GGB’s experience in the retail side of the cannabis industry. On Monday (December 31) Peter Horvath, CEO of GGB, said... (Acquisition, Cannabis, Deals, Investing, Investment, Investors, Management, Massachusetts, Nevada, New York, Ohio, Processing, Research, United States)
01/02/2019 - 5:10pm
GGBXF, APHA
Cannabis Canada: Green Growth dismisses shorts' criticism of Aphria offer - Article - BNNBloomberg.ca
Cannabis Canada: Green Growth dismisses shorts' criticism of Aphria offer - Article BNNBloomberg.caAlberta 'well ahead' of rest of Canada in cannabis retail: Notley. 2018 was certainly a bleak year for Alberta's economy amid slumping oil prices – but there was ... (Canada, Cannabis)
01/02/2019 - 4:21pm
GGBXF
Xanthic Biopharma Inc. (d.b.a. Green Growth Brands) Announces Name Change to Green Growth Brands Inc.
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