|Bid||0.0200 x 0|
|Ask||0.0200 x 0|
|Day's Range||0.0150 - 0.0200|
|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) and certain of its direct and indirect wholly owned subsidiaries (collectively “GGB”, the “Company” or the “Applicants”) today provided an update on its insolvency proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”). As announced on May 20, 2020, the Company filed for insolvency protection under the CCAA and obtained an order from the Ontario Superior Court of Justice (the “Court”) granting the Applicants protection under the CCAA for an initial 10 day period until May 29, 2020.
Shares of Green Growth Brands plunged more than 70 per cent to just above a penny on Wednesday after the cannabis firm announced it has filed for creditor protection.
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.
Ahead of the three-year anniversary of HMMJ, Horizons ETFs has completed its first marijuana ETFs rebalance of 2020 TORONTO , April 3, 2020 /CNW/ - Horizons ETFs Management (Canada ) Inc. (" Horizons ...
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 has announced a plan to sell its CBD business to BRN Group, a company whose chief executive previously ran Sean Combs’ portfolio of businesses.
COLUMBUS, Feb. 24, 2020 /CNW/ - 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 ...
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.
COLUMBUS, OH, Jan. 9, 2020 /CNW/ - Green Growth Brands Inc. (GGB or the Company) (GGB.CN) (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 . Parish will be speaking on Sunday, January 12 at 2:00 PM ET on a panel entitled, "Disruption: Rapid growth of CBD products impacting big box, digital, specialty and department stores". Parish will be speaking alongside The Vitamin Shoppe CEO, Sharon Leite and GfK Consumer Life Senior Consultant Rachel Bonsignore.
COLUMBUS, OH, Jan. 7, 2020 /CNW/ - Green Growth Brands Inc. (GGB or the Company) (CSE:GGB.CN - News) (OTCQB:GGBXF - News) is pleased to share statistics from its first full holiday season and from its second fiscal quarter ended December 28, 2019. Over 85,000 consumers received a Seventh Sense direct mail piece detailing the product line and holiday offerings. The Seventh Sense customer database grew by 42% between Black Friday and December 28, 2019.
COLUMBUS, OH, Dec. 19, 2019 /CNW/ - Green Growth Brands Inc. (GGB or the Company) (CSE:GGB.CN - News) (OTCQB:GGBXF - News) 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.
"We are aggressively growing our businesses across America as we drive to become a leading cannabis retailer in the country," said Peter Horvath , CEO of the Company. GGB is continuing with its aggressive growth strategy in both the MSO and CBD businesses. The MSO business now includes a 47 dispensary rollout in three key states, and the Company will continue its expansion in this line of business, opening its remaining 45 dispensaries with the same speed and energy it dedicated to its North American CBD network.
NBA star Kevin Durant and sports business executive Rich Kleiman are teaming up with Canopy Rivers to grow their portfolio of cannabis investments.
Total first quarter fiscal 2020 revenues increased 77% quarter-over-quarter to $12.7 million Well-positioned for upcoming holiday season with network of 193 CBD shops COLUMBUS, OH , Nov. 25, 2019 /CNW/ ...
COLUMBUS, OH, Nov. 12, 2019 /CNW/ - Green Growth Brands Inc. (GGB or the Company) (CSE:GGB.CN - News) (OTCQB:GGBXF - News) 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 is counting on the annual spike in mall traffic to boost sales of his company’s CBD-infused personal care and beauty products.
Sean “Diddy” Combs said he expects to cross paths soon with former Combs Enterprises president Dia Simms, now head of a new cannabis-focused branding and distribution firm.
COLUMBUS, OH, Oct. 3, 2019 /CNW/ - Green Growth Brands Inc. (CSE:GGB.CN - News) (OTCQB:GGBXF - News) ("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®.