Green Growth Brands Inc (GGBXF)

[Deetew]

The Company and an affiliate of BRN (the "Purchaser") have executed a "stalking horse" asset purchase agreement (the "Stalking Horse Agreement") in respect of the CBD Transaction pursuant to which the Purchaser will acquire all of the assets and assume the current liabilities and certain other obligations of the CBD Business. It is anticipated that the Company will hold up to a 20% carried interest in the CBD Business following completion of the CBD Transaction.

https://www.prnewswire.com/news-releases/green-growth-brands-enters-into-definitive-stalking-horse-agreement-to-sell-its-cbd-business-restructures-backstop-debentures-and-secures-us10m-equity-commitment-from-key-stakeholder-301010190.html