Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today
announced that an event of default has occurred in respect of its US$45.5
million principal amount of 15.00% secured convertible debentures, which
matured on May 17, 2020. As previously disclosed, Green Growth Brands
received, on May 5, 2020, US$400,000 of debt financing from All Js Greenspace
LLC (“All Js’) on a secured basis. On May 12, 2020, All Js’ advanced, also on a
secured basis, an additional US$400,000 to the company.
To view the full press release, visit http://ibn.fm/lO2XB
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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