Green Growth Brands Debuts on the Canadian Securities Exchange Under the Symbol (CSE: GGB)
49Green Growth Brands Debuts on the Canadian Securities Exchange Under the Symbol “GGB” - RICH TV LIVE - November 13, 2018 - Xanthic Biopharma Inc. d.b.a. Green Growth Brands (CSE: GGB) (“GGB” or “the company”) will make its trading debut on the Canadian Securities Exchange (CSE) at today’s market open under the ticker symbol “GGB”. The highly-anticipated listing on the CSE represents the completion of the reverse takeover (RTO) announced by the Company in July 2018.
Our listing on the Canadian Securities Exchange represents a significant milestone in the journey of building Green Growth Brands. The transition to a publicly-traded company will benefit our current investors, give new investors a chance to join us and provide the Company with the currency to facilitate our aggressive growth plan. GGB’s operations are led by renowned retailer Peter Horvath, former executive at a number of national brands, including Victoria’s Secret, American Eagle Outfitters, DSW and Limited Brands.
Mr. Horvath has put together a team of retail experts with significant expertise in building successful international brands.
The company is targeting rapid expansion throughout North America and is actively pursuing opportunities in a number of states and provinces.
GGB has developed a line of innovative, CBD-based health and beauty products, leveraging the GGB management team’s significant experience in the health and beauty products industry.
On July 27, 2018, Green Growth Brands Ltd. announced a business combination with Xanthic Biopharma Inc., developer of a proprietary process to make THC and CBD, the two key active ingredients in cannabis, water soluble.
On September 4, 2018, GGB completed the acquisition of Nevada Organic Remedies, a medical and retail marijuana company based in Las Vegas. GGB is in the process of seeking approval for as many as eight additional locations in Nevada with the intent of having the largest footprint in the state.
On September 25, 2018, GGB announced a convertible debenture financing of over C$86 million. Significant investor demand led this offering to be oversubscribed on its initial target of C$55 million. The convertible debt was converted into GGB equity upon completion of its previously announced business combination.
On November 5, 2018, GGB announced a subsequent equity raise of C$55 million, to bring total funds raised to over C$140 million. The transaction raised approximately C$30.5 million, and the subscriber has exercised an additional C$24.5 million of common share purchase warrants (payable within 30 days). In both rounds the Company was able to attract top tier strategic investors.
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