Facility to be expanded to support retail and wholesale operations
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.
The 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.
About 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.