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CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Modifies Aphria Acquisition Offer, Enters Share Repurchase Agreement

Company: Green Growth Brands Inc. (GGBXF)
Category: News

Lifestyle-oriented cannabis company Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) this morning announced that it has reached an agreement with Aphria Inc. (TSX: APHA) (NYSE: APHA) to shorten the expiry time for acceptance of its formal offer to acquire all of the issued and outstanding common shares of Aphria from 5:00 p.m. ET on May 9, 2019, to 5:00 p.m. ET on April 25, 2019. Green Growth Brands also announced its entry into an agreement to repurchase 27,300,000 of its common shares, held by GA Opportunities Corp., for aggregate consideration of C$89 million. “We are pleased to be buying back 27,300,000 shares owned by GA Opportunities significantly below the market price and the expected sale of our toehold position of 3 million shares of Aphria, all of which will benefit our shareholders,” Peter Horvath, CEO of GGB, stated in the news release. “We are bringing our offer to an end on good terms with Aphria and are excited to turn our focus to our CBD personal care and retail cannabis businesses.”

To view the full press release, visit http://cnw.fm/PwD1U

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 GGB team is full of retail and consumer packaged goods experts with decades of experience building successful brands. For more information, visit the company’s website at www.GreenGrowthBrands.com

NOTE TO INVESTORS: The latest news and updates relating to GGBXF are available in the company’s newsroom at http://cnw.fm/GGBXF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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