Issued as for completed consulting services
COLUMBUS, OH, March 8, 2019 /CNW/ - Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF)
("GGB" or "the Company") today announced issuance of shares of common stock for completed consulting services with JDS 4300
Consulting LLC ("JDS") and TSB Consulting LLC ("TSB") for arm's length previously-rendered strategic corporate advisory and
corporate structure and reorganization services, respectively. In exchange for the services rendered under these agreements, the
Company has issued to JDS USD$687,469.31 (CAN$924,000) in GGB common shares, and has issued to TSB
USD$171,867.33 (CAN$231,000) in GGB common shares, with the price of each share issuance reflecting
the GGB share price of USD$3.44 (CAN$4.62) as of the close of trading on March 6, 2019. The common shares for both agreements are subject to a lock up agreement for a period of 12
months from the effective date.
About Green Growth Brands
Green Growth Brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that
people love. Led by Peter Horvath, the GGB team is full of retail and consumer packaged goods
experts with decades of experience building successful brands. Join the movement at GreenGrowthBrands.com.
Cautionary Statements:
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any
statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend",
"forecast" and similar expressions. Forward-looking statements necessarily involve known and unknown risks,
including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss
of markets; future legislative and regulatory developments involving medical and recreational marijuana; inability to access
sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the
marijuana industry in the United States, income tax and regulatory matters; the ability of the
Company to implement its business strategies; competition; currency and interest rate fluctuations and other risks, including
those factors described under the heading "Risks Factors" in the Company's Annual Information Form dated November 26, 2018 which is available on the Company's issuer profile on SEDAR.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed
will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated. The forward-looking statements contained in this release is made
as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result
of new information, future events or otherwise, except as required by applicable securities laws. Forward-looking statements
contained in this news release are expressly qualified by this cautionary statement.
This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and
neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this
announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.
The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended
(the "Securities Act"), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the Securities Act or an exemption from
the registration requirements of the Securities Act is available.
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SOURCE Green Growth Brands
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