GGB Stock Gains: Abercrombie to Sell Green Growth’s CBD Products

GGB stock

GGB stock is reacting positively this morning after Green Growth Brands (CSE:GGB) (OTCQB:GGBXF) announced the company's CBD products will be sold at Abercrombie & Fitch's 160 retail stores.

Big Boost for Green Growth Brands Shareholders

Abercrombie & Fitch (NYSE:ANF), which is known globally for being a leading retailer of apparels for teenagers, has decided to expand its CBD offerings in a big way. Last month, the company decided to do a trial run at 10 of its stores through a tie-up with cannabis company Green Growth Brands. and now the retailer is going to expand the whole thing to more stores.

In a new development, Abercrombie announced today that Green Growth Brands’ CBD products are going to be retailed at as many as 160 out of its 250 stores in the United States. The products in question belong to the Seventh Sense line of CBD products made by Green Growth Brands.

The CBD products that are going to be sold following this expansion are CBD-infused sugar balms, body care items, and lip balms. Needless to say, it is a major coup for Ohio-based Green Growth Brands, as well as GGB stock. Considering its products are going to be retailed by a brand like Abercrombie & Fitch, this association could lead to more such partnerships.

>> MedMen Stock on the Rise: Will the Company Surprise Investors?

Green Growth Brands stock is trading higher by 3% at $2.10 on the OTC market. On the Canadian side, GGB stock is up 2.90% and now trading at $2.73.

Major Expansion

Green Growth Brands has been slowly but surely making a major push in the CBD-infused products to market with a range of key tie-ups that could lead the company to a position of dominance in the years to come. Its retail presence is going to get a major push this year, after the company announced on June 10 that it has agreed to establish 70 new shops at malls owned by Brookfield Properties. This will increase the company’s footprint considerably, and more importantly, Green Growth has projected that it will have 280 retail locations in place by the end of 2019.

The company’s recent performance on the financial front has also been strong if the Q1 2019 results are anything to go by. Green Growth Brands generated revenues to the tune of $5.5 million, which reflected a massive 77% jump from the $3.14 million in revenues it generated in the prior-year quarter.

However, the year-on-year net loss widened to $15.1 million from $12.83 million. The losses per share for the period stood at $0.07, as opposed to losses per share of $.08 for the prior year period. Green Growth reported that it had a cash stockpile of $33.6 million.

GGB stock has soared almost 278% from its 52-week low.

>> Read More Green Growth News

Featured image: Canva

Please See Disclaimer

If You Liked This Article Click To Share


1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of a third party, Green Growth Brands Inc. by their agency of record, Native Ads Inc. Market Jar Media Inc. has or expects to receive the following amounts from Native Ads Inc. in the USD amount of four hundred twenty four thousand four hundred thirty seven dollars and forty eight cents for 252 campaign days (193 business days). In addition, Market Jar was re-engaged by Native Ads for a period of 33 campaign days (24 business days) in the CAD amount of one hundred thousand two hundred fifty seven dollars and ninety five cents.

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.