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Green Growth Brands Announces Grant of Deferred Share Units and Common Shares to Strategic Consultant
Green Growth Brands Announces Grant of Deferred Share Units and Common Shares to Strategic Consultant.
About this update from Green Growth Brands Inc
[{"type":"text","content":"\n\n\n\nGreen Growth Brands Announces Grant of Deferred Share Units and Common Shares to Strategic Consultant\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGreen Growth Brands Announces Grant of Deferred Share Units and Common Shares to Strategic Consultant\nPR Newswire\nCOLUMBUS, OH, May 22, 2019\n\n\n\nCOLUMBUS, OH, May 22, 2019 /PRNewswire/ - Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (\"GGB\" or the \"Company\") is pleased to announce the grant of an aggregate of 212,636 deferred share units (the \"DSUs\") under the Company's equity incentive plan (the \"Plan\") to certain of its non-executive directors (the \"DSU Recipients\"). The DSUs will be granted to the DSU Recipients as a compensation for their services to the Company.\n\n\nEach DSU will carry the right to receive one common share of the Company upon vesting. All of the DSUs will vest as of the date of award. All other terms and conditions of the DSUs are in accordance with the terms of the Company's Plan.\nThe Company has also entered into an arm's length Advisory Services Agreement (the \"Advisory Agreement\") with Authentic Retail Concepts, Ltd. (\"ARC\") for a variety of ongoing consulting services related to retail distribution strategies including facilitating introductions to certain real estate owners and operators. As compensation for the services under the Advisory Agreement, GGB has issued to ARC 500,000 common shares valued at USD$1,555,000 (CAN$2,130,000) and 500,000 common share purchase warrants of GGB, reflecting the GGB share price of USD$3.11 (CAN$4.26) as of the close of trading on May 21, 2019. The shares are subject to a lock up agreement for a period of 12 months from the effective date. \nAbout Green Growth Brands Inc. 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, Meri + Jayne, and has a licensing agreement with the Greg Norman Brand. Already boasting the strongest sal...