Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today
announced that it and certain of its direct and indirect wholly owned
subsidiaries (collectively the “company” or the “applicants”) have filed
for insolvency protection under the Companies’ Creditors Arrangement Act
(Canada) (“CCAA”). The company has obtained an order from the Ontario Superior
Court of Justice granting the applicants protection under the CCAA. Ernst &
Young Inc. (“E&Y”) has consented to act as the court-appointed monitor of
the applicants. The court has granted CCAA protection for an initial 10 day
period, which expires on May 29, 2020, and is subject to extension thereafter
as the court deems appropriate. Creditors and others are stayed from enforcing
any rights against the applicants while under CCAA protection.
To view the full press release, visit http://ibn.fm/lMWnN
About Green Growth Brands Inc.
Green Growth Brands creates remarkable experiences in
cannabis. The company’s brands include CAMP, The+Source, and 8 Fold. GGB is
expanding its cannabis operations throughout the U.S., via dispensaries in
Nevada, Massachusetts and Florida. 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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