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Green Growth Brands Inc (OTCMKTS:GGBXF)’s CAMP Animal Face Solventless Rosin Receives Two Accolades: Green Growth Terminates Proposed Business Combination



Green Growth Brands Inc (OTCMKTS:GGBXF)‘s CAMP Animal Face Solventless Rosin has won two accolades during the week beginning December 9, 2019. It is cherished as the best vape pen cartridge and the best Indica vape pen cartridge at the High Times Nevada Cup and the Jack Herer Cup Las Vegas, respectively.

No solvents in the extraction

The solventless rosin strain – Camp Animal Face is rich in terpins. Green Growth cultivates the flowers in small batches and picks and trims by hand. It extracts the pure press cannabis for a clean experience and a nice authentic flavor. The company does not use any solvents in the extraction process to give you a natural flavor.

The users can enjoy the natural product with an authentic flavor of flowers in a vape cartridge. Green Growth has introduced the solventless Rosin Cartridge under the CAMP brand in Nevada. Chief Operating Officer of Green Growth, Randy Whitaker, said it is a great milestone for the company because High Times and Herer Cup have recognized the CAMP brand. He said the team lead by Aaron Nino has put in significant efforts to bring this valuable product to the industry. The company is pleased with the immediate success of CAMP solventless rosin. It will begin product expansion into other states this spring.

Terminates proposed business combination

Green Growth has terminated the proposed business combination because of the changing macro environment. The company will refund $5 million (advance) by January 31, 2020. It will also repay deal fees of $4 million to Moxie before July 1, 2020.

Chief Executive Officer of Green Growth, Peter Horvath, said the company yearns to become a renowned retailer of cannabis in the nation and to grow its business aggressively across America. The company will continue to explore collaboration with leading players in the industry. However, it will focus on improving operational strengths and maximizing the returns.

Growth strategy in CBD and MSO businesses

Green Growth is aggressively pursuing growth in Cannabidiol and MSO businesses. The company operates 47 dispensaries under the MSO business in three states. It plans to expand the business and roll out 45 dispensaries going forward. Chief Executive Officer, Jordan Lams, said the company expects to take advantage of its genetics, know-how, and high-quality products in several states and grow the business.

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