Green Growth Brands Inc GGBXF

Cease Trade order & policy#3

[889900]

Toronto, Ontario--(Newsfile Corp. -le 30 juillet/July 2020) - Effective immediately, the securities of Green Growth Brands Inc. will be suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the Ontario Securities Commission. Policy 3: 3. Effect of a failure-to-file cease trade order in a jurisdiction where an issuer is not a reporting issuer or where there is no statutory reciprocal order provision Although a trade in a jurisdiction where an issuer is not a reporting issuer may not violate a CTO in another jurisdiction, the trading activity may still be contrary to the public interest and therefore subject to enforcement or other administrative proceedings. Market participants in a jurisdiction in which an issuer is not a reporting issuer should be cautious about trading in a security if a CSA regulator in another jurisdiction has issued a CTO. The issuance of a failure-to-file cease trade order by a CSA regulator will generally mean that an issuer has not met the required standards of disclosure and that there is significant risk of harm to investors if trading is allowed to continue. Accordingly, market participants should carefully consider the existence of the continuous disclosure default, and the determination of the principal regulator, before carrying out a trade in a jurisdiction where the issuer is not reporting or where there is no statutory reciprocal order provision. In this last case, we reiterate that the CTO has effect in the jurisdiction that has a statutory reciprocal order provision even if the issuer is not reporting there.