Green Growth Brands Inc GGBXF

Green Growth Brands Conducts Raise Right After BuyBack

[AwareInvestor]

Green Growth Brands announced after the bell yesterday that they would be conducting a raise for C$50 million, and gave four items that they would be spending the cash on. Problem is, those acquisitions should have already been paid for.

Check it out below:


https://thedeepdive.ca/green-growth-brands-conducts-raise-after-completing-share-buyback/

[Greede]

Great questions brought up by the Deep Dive.  I recommend everyone reach out to GGB investor relations and demand that Horvath clarify these things.   Let's go guys.  We deserve answers.

[mikeul6901]

This post has been removed in accordance with Community Policy

[Styles76]

It's not really that great of a question Greede. The terms of the financing agreement by GA Opportunities stipulated that the private placement was conditional on acquiring Aphria. GGB buying back would have been a legal requirement they would have been forced to fulfill, despite having to complete another raise shortly after. It's very unfortunate that no one bothers reading NRs or SEDAR

[Greede]

True, not everyone takes the time to get into the weeds of things and the reading of smaller details. That is a problem that is far and wide and both political and economic. However, clearly the market is no fan of how GGB is doing things.  Even if you're fine with this, on the surface - the optics were not good. The Aphria bid was a bit of a carnival and a distraction. GGB stock has

[Styles76]

 Absolutely agreed, although before calling IR it's usually best to look at SEDAR or related NRs and check. IR is good for clarifying fuzzy details in the NRs and SEDAR, but there's no substitute for a quick look back to see if the question is already answered out in the open.  The SP bleeding doesn't make any logical sense. Being a primarily American company now, one would