Green Growth Brands (CSE: GGB) to Pay $13.4 Million for Second Nevada Cannabis Cultivation Facility – RICH TV LIVE – December 13, 2018 – Xanthic Biopharma, Inc. d/b/a Green Growth Brands (CSE: GGB) (GGB or the Company) today announced it entered into definitive agreements on December 12, 2018 to acquire a Pahrump, Nevada cultivation facility operated by Wellness Orchards of Nevada LLC (WON) and Panorama WON LLC (Panorama) for a total purchase price of USD$13,372,162 (CAD$16,749,970). Through this acquisition, GGB expects to expand its current Nevada footprint to two cultivation facilities in 2019. This expansion, along with the eight retail cannabis dispensaries GGB plans to operate, positions the Company to be one of the largest vertically integrated operators in the state.
Hey guys how you doing this is your boy rich here on behalf of rich tv live and once again green growth brands does it again so company will be bringing to you guys i’m gonna keep bringing it to you guys their news keeps flowing and let’s just talk about it green growth brands to pay thirteen point four million for second nevada cannabis cultivation facility that’s
Right a second nevada cultivation the city facility exotic biopharma inc otherwise known as green growth brands on the csc under the symbol ggb today announced it entered into definitive agreements on december 12 2000 eighteen to acquire a param nevada cultivation facility operated by wellness orchards of nevada llc otherwise known as one and panorama one llc
Otherwise known as panorama for a total purchase price of us thirteen million three hundred seventy two thousand one hundred sixty two or sixteen million seven hundred forty nine thousand nine hundred seventy canadian through this acquisition green growth brands expects to expand its current nevada footprint to two cultivation facilities in 2019 wow this is huge
These guys just keep growing this expansion along with the eight retail cannabis dispensaries ggb plans to operate position the company to be one of the largest vertically integrated operators in the state i’m really focused on nevada because it will be one of the biggest states for cannabis sales one currently operates a 12,000 square foot facility in pahrump
While panorama owns the reader the real property and assets upon which the cultivation facilities operate the transaction is expected to close in early 2019 and remain subject to regulatory approvals and other customary closing conditions following closing ggb intends to phase an expansion of the current one cultivation space to nearly wow a hundred and fifty
Thousand square feet with the total cost estimated at u.s. thirteen million canadian seventeen million 420 1763 dollars the first phase is expected to be completed by q3 of 2019 this expansion will provide ggb which last week announced that it has received seven retail dispensary licenses from the nevada department of taxation which i brought to you guys with the
Support necessary for its growth growing retail and wholesale operations here’s the ceo the acquisition of this facility allows us to provide high quality products at the increased volumes now necessary to support our newly expanded retail footprint while also allowing us to continue a strong trajectory of growth for our wholesale business this is peter horvath
Chief executive officer of ggb ggb currently operates the plus source the premiere cannabis store in las vegas nevada as well as a cultivation and production facility in las vegas the company recently announced an acquisition regarding expanding its operations into massachusetts about green growth brands green growth brands expects to dominate the cannabis and
Cbd market with a portfolio of emotion driven brands that people love led by peter horvath the green growth brands team is full of retail and consumer packaged goods experts with decades of experience building successful brands join the movement at green growth brands calm let’s just quickly take a look at the website what do you guys think about this news now
Remember rich tv live is strictly for education entertainment purposes always do your due diligence always do your research before you invest in anything that we talk about here in rich tv live love this company this is a company that is all about branding all about marketing clearly you can see that they have a very nice website and they are doing big things in
Nevada so what do you guys think about this news i would love to know what you guys think if you liked this video please smash the like button comment down below share this video everywhere remember if i win and you win we all win is true so why don’t we all win together right win-win everybody wins we just winnin right greengold brands has been a winner since it
Was an ipo and your boy riches brought it to you first since the beginning if you’re not winning you’re not watching green world brands with some big news they just keep getting bigger and they just keep getting better what do you think about this news holler at your boy um both peace
Transcribed from video
Green Growth Brands (GGB) (XTHCF) $13.4 Million for Second Nevada Cannabis Cultivation Facility By RICH TV LIVE
