Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today
announced the closing of its acquisition of Henderson Organic Remedies, LLC
(“The+Source Henderson”), which was previously disclosed on December 14, 2018.
According to the update, the Henderson location is the second The+Source
dispensary operated by GGB in greater Las Vegas, with similar productivity in
both locations. “The+Source Henderson has been under our management for the
last nine months,” Green Growth Brands CEO Peter Horvath said in the news
release. “In that time, we have grown revenue, transactions and gross margin by
double digits. Our ability to significantly improve top performing
dispensaries, in a market that has seen a significant uptick in competition, is
a testament to our expertise in retail operations.”
To view the full press release, visit http://ibn.fm/C881j
About Green Growth Brands
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 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. For more information, visit the company’s website at www.GreenGrowthBrands.com.
NOTE TO INVESTORS: The latest news and updates
relating to GGBXF are available in the company’s newsroom at http://ibn.fm/GGBXF
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