Green Growth Brands Opens First CBD Outlet in Kentucky: GGB is Moving!

Green Growth Brands

Ohio's Green Growth Brands (CSE:GGB) (OTC:GGBXF) has opened its first 'Seventh Sense' CBD Shop. The outlet—located at the Fayette Mall in Lexington, Kentucky—is the first of 5 licenses signed with CBL properties.

The move comes one day after GGB announced another deal with Simon Property Group, which will allow the company to open 108 CBD retail stores across the US.

Green Growth Brands Expansion

With the two deals, GGB has access to 113 mall locations but it isn't stopping there. Company CEO, Peter Horvath, in an interview with CNBC, said that the company is "in talks" with five other major real estate developers. The plan is to have 300 locations (inclusive of the SPG and CBL ones) by the end of 2019.

John Rulli, President of Simon Malls, said that GGB offered exactly what his malls are looking for:

"We are constantly on the lookout for cutting-edge new concepts [...] 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."

The news also comes hot on the heels of SPG's record-making fourth-quarter results; the mall owner posted a 25% jump in net income of $712.8 million.

Growing CBD Market

Horvath suggested the impetus for Green Growth's expansion is the growing CBD market, saying "We fit into one of the categories that's growing. That's not an accident."

>> FIRE Stock Up: Supreme Cannabis Sees 50% Increase in Revenue

And growing it is: Brightfield Group predicts that the US CBD industry could become a $22 billion USD industry by 2022. With that in mind, GGB's new deal puts the company in a prime position to reap the rewards of a massive new industry.

Seventh Sense Botanical Therapy

The deals mean a major expansion for Green Growth's chain of CBD-infused personal care products. All the stores will open under the company's leading brand, Seventh Sense Botanical Therapy, which provides affordable yet high-quality CBD products.

The first SPG store will open at Castleton Square Mall in Indianapolis in March. Following stores will open later this year, although no specific dates have been announced yet.

On the news, GGB stock is on the rise, currently selling for $4.47 USD and up 1.05% on the OTC and up 1.03% on the CSE selling for $5.91 CAD.

What do you think about the Green Growth Brands expansion? Will you be stopping by the new outlet in Kentucky?

Please See Disclaimer

Featured Image: Canva

If You Liked This Article Click To Share


Disclosure:

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 Ltd. Market Jar Media Inc. has or expects to receive the following amounts from Native Ads Inc. in the USD amount of thirty nine thousand, five hundred and ninety two dollars for 28 campaign days (19 business days).

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 not 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 PotStockNews.com 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 PotStockNews.com.

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