Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Green Growth Brands Inc GGBXF

Green Growth Brands Inc is engaged in the healthcare business. It is a cannabis retail company operating worldwide. The company's brand profile include CAMP, CBD, Meri + Jayne, and others. It has two operating segments; the cultivation, production, distribution and retail selling of cannabis products, and the production and selling of CBD-infused personal care products through retail, digital... see more

GREY:GGBXF - Post Discussion

Green Growth Brands Inc > Green Growth Brands Conducts Raise Right After BuyBack
View:
Post by AwareInvestor on Jul 24, 2019 10:46am

Green Growth Brands Conducts Raise Right After BuyBack

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/
Comment by Greede on Jul 24, 2019 11:40am
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.
Comment by mikeul6901 on Jul 24, 2019 12:16pm
This post has been removed in accordance with Community Policy
Comment by Styles76 on Jul 26, 2019 9:24am
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 ...more  
Comment by Greede on Jul 30, 2019 3:12pm
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 ...more  
Comment by Styles76 on Jul 31, 2019 5:27pm
 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 ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities