Green Growth Brands Enters into Definitive “Stalking Horse” Agreement to Sell its CBD Business, Restructures Backstop Debentures and Secures US$10M Equity Commitment from Key Stakeholder

Green Growth Brands Enters into Definitive “Stalking Horse” Agreement to Sell its CBD Business, Restructures Backstop Debentures and Secures US$10M Equity Commitment from Key Stakeholder

Highlights

  • Execution of “Stalking Horse” Agreement to sell the Company’s CBD Business to The BRN Group with 30 day Go Shop Period
  • GGB extends Maturity Date of Backstop Debentures to 2024 with coupon lowered to 5% payable in kind
  • GGB r…
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