Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced the grant of an aggregate of 212,636 deferred share units (“DSUs”) to certain of its non-executive directors as a compensation for services to the company under its equity incentive plan. Upon vesting, with all to vest as of the date of award, each DSU will carry the right to receive one common share of the company. In addition, the company has entered into an arm’s length advisory services agreement with Authentic Retail Concepts, Ltd. (“ARC”). Under the agreement, ARC will perform a variety of ongoing consulting services related to retail distribution strategies, which include facilitating introductions to certain real estate owners and operators. As compensation for the services, GGB has issued to ARC 500,000 common shares valued at $1,555,000 (CAD$2,130,000) and 500,000 common share purchase warrants, reflecting the GGB share price of $3.11 (CAD$4.26) as of the May 21, 2019 close of trading.
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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, Meri + Jayne, and has a licensing agreement with the Greg Norman Brand. Already boasting strong sales in the cannabis industry, GGB is expanding its cannabis operations throughout the U.S., its 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.
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