Business
Green Growth Brands Announces the Closing of Second Nevada Cultivation Facility
Green Growth Brands Announces the Closing of Second Nevada Cultivation Facility.
About this update from Green Growth Brands Inc
[{"type":"text","content":"\n\n\n\nGreen Growth Brands Announces the Closing of Second Nevada Cultivation Facility\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nGreen Growth Brands Announces the Closing of Second Nevada Cultivation Facility\nPR Newswire\nCOLUMBUS, OH, May 17, 2019\n\n\n\nFacility to be expanded to support retail and wholesale operations \n COLUMBUS, OH, May 17, 2019 /PRNewswire/ - Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (\"GGB\" or \"the Company\") is pleased to announce the completion yesterday, May 16, 2019, of its previously announced acquisition of a Pahrump, Nevada cultivation facility, operated by Wellness Orchards of Nevada LLC (WON) and Panorama WON LLC (Panorama), for a purchase price of USD$13,372,162 (CAD$16,749,970).  The Company initially announced the acquisition on December 13, 2018. \n\n \n \n\n \nThe closing of this acquisition brings GGB's Nevada cultivation footprint to two facilities, positioning the company to supply its retail operations and enhance its current cannabis wholesale operations. \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. Their brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily and Meri + Jayne, with a licensing agreement with the Greg Norman Brand. Already boasting the strongest sales per square feet in the cannabis industry, GGB is expanding its presence in Nevada, Massachusetts and Arizona with CBD presence at ShopSeventhSense.com, in malls across the country and at DSW shoe stores—and that's just the beginning. Learn more about our vision at GreenGrowthBrands.com.. \nCautionary Statements:\nCertain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as \"may...