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.
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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.
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