Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on
Thursday announced that Peter Horvath is stepping down as chief executive
officer and as a member of the Board of Directors, effective immediately. Green
Growth’s current chief operating officer Randy Whitaker will serve as interim
chief executive officer. In addition, the company provided an update regarding
COVID-19. In accordance with recommendations of health professionals, Green
Growth has decided to temporarily close all of its mall-based cannabidiol (“CBD”)
kiosk shops in an effort to protect its employees and customers from
unnecessary exposure. In connection with this action, the company will also
suspend sales under its CBD e-commerce platform. The company’s Las Vegas,
Nevada area cannabis dispensaries will stay open for business, subject to
additional pandemic-related instructions from local authorities. Green Growth
will continue to pursue the sale of the CBD business to The BRN Group Inc., as
previously announced, and will continue to seek and assess any potential better
offers per the go-shop rights included in the transaction. “I am humbled to
have worked with such amazing professionals along this journey. Among those
individuals is Randy Whitaker, whom I am pleased has been named as interim CEO.
The company will be in good hands with such a seasoned operator at the helm,
and I have full confidence in Randy to lead the company during this difficult
time,” Peter Horvath stated in the news release.
To view the full press release, visit http://ibn.fm/DA0gx
About Green Growth Brands Inc.
Green Growth Brands creates remarkable experiences in
cannabis and CBD. The company’s brands include CAMP, Seventh Sense Botanical
Therapy, The+Source, Green Lily, and 8 Fold. The Company also has a licensing
agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused
personal care products designed for active wellness. GGB is expanding its
cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts
and Florida and the largest network of CBD shops in malls across the country
and ShopSeventhSense.com.
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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