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Green Growth Brands Partners with Simon Property Group to Launch America’s First Chain of CBD Shops

Betty Tűndik

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LEARN ABOUT CBD - Photo Source: shopseventhsense.com
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Green Growth Brands gains access to 108 prime retail locations owned by the largest shopping mall operator in the U.S.

Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) (“GGB” or “the Company”) announced that it has entered into an agreement through which the Company will gain access to 108 prime shop locations in U.S. malls owned and operated by the Simon Property Group, Inc. (NYSE: SPG) (“Simon”). Pursuant to the arrangement, GGB will further expand its chain of CBD-infused personal care product shops under the Seventh Sense Botanical Therapy (“Seventh Sense”) brand and other GGB brands. The Seventh Sense brand offers high quality CBD-infused products at affordable prices.

“Our partnership with Simon allows GGB to launch our brands and CBD products in premier shopping destinations across the U.S.,” said Peter Horvath, CEO of GGB. “Our management team has had decades of experience working closely with developers and operating premium retail stores in their properties. We know this arrangement gives us access to the best locations, foot traffic, and consumers. We look forward to introducing our remarkable retail experience and line of CBD products to Simon shoppers in the near future.”

Simon is the largest shopping mall operator in the United States1, and its high-profile properties include Roosevelt Field in metro New York; The Galleria in Houston, TX; and Woodbury Common Premium Outlets in Central Valley, NY. The expansive nature of the relationship with Simon makes it the first of its kind in the CBD industry and will give GGB access to entire markets of new customers at many of the nation’s most productive retail locations.

“We are constantly on the lookout for cutting-edge new concepts, like the GGB shops,” said John Rulli, President of Simon Malls. “We are committed to adding new and dynamic retailers and uses to our shopping destinations, and the GGB shopping experience is exactly the type of innovation our customers want and expect from us. We’re excited to work on the GGB launch, and look forward to a long and deepening relationship as we build this network together.”

The first shop is expected to open in March, 2019 at Castleton Square Mall in Indianapolis, Indiana. The remaining shops will be opened over the course of 2019.

In conjunction with the Simon transaction, the Company, through its wholly owned subsidiary GGB Kiosks LLC, has entered into a consulting agreement (the “Consulting Agreement”) for services rendered with Simon Canada Management Ltd. (“Simon Canada”). In exchange for the services rendered under the Consulting Agreement, which relate to GGB’s shop expansion strategy, the Company has issued to Simon Canada USD$2,232,824.42 (CAN$2,925,000) in GGB common shares and 1,000,000 common share purchase warrants of GGB with an exercise price of USD$4.47(CAN$5.85), with both the common shares and the common share purchase warrants reflecting the GGB share price as of close of trading on February 7, 2019. The common shares are subject to a lock up agreement for a period of 12 months from the effective date.

GGB also announces that it has entered into an Advisory Services Agreement (the “Advisory Agreement”) with J. Salter Ltd., d.b.a. Authentic Retail Concepts, Ltd. (“ARC”), for a variety of consulting services that leverage a network of strategic relationships, including Simon Property Group. As compensation for the services under the Advisory Agreement, GGB has issued to ARC USD$2,232,824.42 (CAN$2,925,000) in GGB common shares reflecting the GGB share price of USD$4.47 (CAN$5.85) as of the close of trading on February 7, 2019. The shares are subject to a lock up agreement for a period of 12 months from the effective date.

Cautionary Statements:

Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend”, “forecast” and similar expressions. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving medical and recreational marijuana; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the marijuana industry in the United States, income tax and regulatory matters; the ability of the Company to implement its business strategies, including with respect to its retail shop strategy; competition; currency and interest rate fluctuations and other risks, including those factors described under the heading “Risks Factors” in the Company’s Annual Information Form dated November 26, 2018 which is available on the Company’s issuer profile on SEDAR.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this release, including without limitation, the expansion of GGB’s Seventh Sense brand, the expected access to new customers in premier retail locations and the expected opening date of the first GGB shop, is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available.

*1 National Real Estate Investor 2018 Top Retail Owners

SOURCE: Green Growth Brands

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Cannabis

National Cannabis Month Shines Light on CBD-Infused Hard Candies Like Candy Head’s Products

Betty Tűndik

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Candy Head hard candies, which are now on sale at vitabeauti.com, use full-spectrum CBD oil, which is full of therapeutic terpenes, cannabinoids, flavonoids and fatty acids. Separately, these ingredients have benefits, but together, they create an “entourage effect” which increases the product’s health value. Candy Head opted for hard candy over CBD elixirs because it provides optimal absorption of the many compounds found in full-spectrum oil.
Reading Time: 2 minutes

 

Cannabis began as an herbal medicine in 500 BC when ancient cultures in Central Asia used the plant for health reasons instead of its mood-altering properties.

Today, more than two millennia later, people are again using CBD oil for its medicinal purposes, such as treating anxiety and pain. This is just one historical fact you can learn during National Cannabis Month, which promotes information about this plant, its history and its uses.

“At Candy Head, we believe people need to be educated about the difference between marijuana and CBD,” said Ian Gilley, founder of Candy Head, a Rhode Island-based company which makes CBD-infused hard candies. “You will not get high from CBD products. CBD does not have a high-enough concentration of THC, the psychoactive component of the cannabis plant.”

Plus, CBD oil is legal in many states. The 2018 Farm Bill removed major restrictions that had limited consumer access to the health-benefits of CBD. There is a growing number of studies that suggests CBD oil can help people with epilepsy, acne, depression, diabetes, nausea, ADHD, heart disease and Parkinson’s.

Candy Head hard candies, which are now on sale at vitabeauti.com, use full-spectrum CBD oil, which is full of therapeutic terpenes, cannabinoids, flavonoids and fatty acids. Separately, these ingredients have benefits, but together, they create an “entourage effect” which increases the product’s health value.

Candy Head opted for hard candy over CBD elixirs because it provides optimal absorption of the many compounds found in full-spectrum oil. The company uses a third-party lab to test their candies for proper CBD dosing and consistency to make sure consumers receive the precise amount of oil needed.  None of Candy Head’s offerings contain dairy, gluten, animal products, soy, wheat, fish, shellfish, sesame, coconut, peanuts or tree nuts. They are also vegan-friendly.

You can buy Candy Head products on vitabeauti.comCandy Head’s CBD Blast, a variety pack of 25 hard candies, is available for the sale price of $64.95. The candies come in four flavors: green apple, watermelon, tangerine and blue raspberry.

For more information, visit candy-head.com.

 

SOURCE: Candy Head

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Canada

Government of Canada takes further steps to address the opioid crisis in British Columbia

Vlad Poptamas

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Photo source: elcentronews.net
Reading Time: 2 minutes

 

The opioid crisis continues to be one of the most serious public health issues in Canada’s recent history. Tragically, between January 2016 and September 2018 more than 10,300 Canadians died from an apparent opioid-related overdose.

Today the Honourable Ginette Petitpas Taylor, Minister of Health, announced funding for new initiatives to increase knowledge about opioid use and treatment, decrease harms associated with opioid use, and enhance access to evidence-based treatment. Minister Petitpas Taylor made the announcement while meeting with representatives of the St. Paul’s Foundation of Vancouver.

New investments totaling $15.3 million announced today include:

  • $9.6 million for seven projects that will focus on education and sharing information on effective treatments for opioid use disorder;
  • $1.3 million to support four initiatives that will reduce the risk of HIV and hepatitis C among people who share drug use equipment, while also linking people to treatment and support services; and
  • $4.4 million to support four research projects to develop innovative, effective treatment options tailored to B.C. communities and Indigenous people.

The funding announced today builds on recent investments to increase access to treatment services for Canadians who are seeking help for problematic substance use. In September 2018, the governments of Canada and British Columbiasigned a bilateral agreement under the Government of Canada’s Emergency Treatment Fund committing more than $71.7 million for innovative and comprehensive treatment options in the province.

Quotes

“This crisis continues to be one of the most serious public health issues in Canada’s recent history, and organizations on the ground can help us turn the tide of it. That’s why we are investing further in them. We know there is no silver bullet solution to this crisis, and the services and education these organizations offer are crucial. We must continue to work all together to save lives.”

The Honourable Ginette Petitpas Taylor
Minister of Health

St. Paul’s Hospital happens to sit at the epicentre of the opioid crisis in Vancouver, which has given us both a unique perspective and a profound responsibility. We know that research, outreach, and education will significantly reduce harm, yield financial savings and, most importantly, improve and save the lives of individuals, families, and communities affected by substance use across Canada.”

Dick Vollet
President and CEO, St. Paul’s Foundation

Quick Facts

  • Budget 2018 committed more than $230 million over five years to address the opioid crisis. This funding included $150 million for a cost-shared Emergency Treatment Fund.
  • Through Budget 2019, the Government of Canada is committing an additional $30.5 million over five years, starting in 2019-20, with $1 million in ongoing funding, for targeted measures to address persistent gaps in harm reduction and treatment.
  • Since June 2017, data reported to Health Canada indicate that there have been more than 327,000 visits to supervised consumption sites and overdose prevention sites across Canada, without a single death in the facilities and almost 3,600 reported overdoses reversed.
  • Through the Canadian Institutes of Health Research (CIHR), the Government of Canada is investing in researchers who are helping to provide evidence on which interventions work best to prevent opioid overdoses, how to treat opioid use disorder and how to promote harm reduction.
  • Health Canada’s Substance Use and Addictions Program (SUAP) provides approximately $50 million annually to support initiatives that help prevent, treat and reduce all forms of harm from problematic substance use, including opioids, cannabis, alcohol and tobacco.
  • The Public Health Agency of Canada’s Harm Reduction Fund is investing $7 million annually to support projects across Canada that will help reduce rates of HIV and hepatitis C among people who use drugs.
  • The Government of Canada is running a national public awareness campaign on opioids. The campaign aims to raise awareness of the risks associated with opioids, the stigma that prevents people who use drugs from receiving help, and what to do if you witness an opioid overdose.

 

SOURCE Health Canada

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Blockchain

Alt Thirty Six Secures $10 Million In Series A Funding For Cannabis Payment Solution Platform

Vlad Poptamas

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Reading Time: 1 minute

 

Alt Thirty Six, a first-of-its-kind digital payment and compliance platform designed to help the cannabis industry go cashless, announces $10 million in Series A funding to help accelerate company growth and enhance development capabilities. The round was led by a private equity firm to support Alt Thirty Six‘s digital payment solution.

The company’s innovative platform eliminates the need for cash in the cannabis industry by using blockchain technology and Dash, a decentralized digital asset, to facilitate the transfer of funds at dispensaries and cannabis businesses.

Alt Thirty Six will use the funding to further drive company expansion, advance the platform’s technical functions and abilities, expand proper licensing in target states across the U.S., while maintaining focus on compliance and regulation. Ultimately, the capital will be used to help Alt Thirty Six achieve mass consumer adoption throughout the cannabis industry.

“We are committed to revolutionizing the cannabis space by increasing access to compliant digital payments, making transactions easier and faster for all cannabis businesses,” said Ken Ramirez, co-founder and CEO of Alt Thirty Six. “This new Series A funding round provides us access to the resources we need to help facilitate our vision for one of the fastest growing industries in the country.”

Alt Thirty Six‘s recent company announcements include a partnership with CannTrade, a leading provider of cannabis software technology, and the hiring of Chief Architect Jason Breidis, a payments expert whose work led to the acceptance of electronic payments at McDonald’s restaurants and is used to process billions of dollars in transactions.

“We fully support Alt Thirty Six‘s innovative payment technology and dedication to providing the cannabis industry with an alternative to cash,” says the private equity firm. “We are thrilled to lead this funding round. Alt Thirty Six brings a new, payments-focused element to our portfolio, adding tremendous value to the cannabis businesses.”

 

SOURCE Alt Thirty Six

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