Replies to post #295 on Green Growth Brands Inc (GGBXF)

[pedro12]

There is truth in what you're saying, but kiosks in malls are just one of their revenues source, however your statement is food for thoughts, which is a bit worrying.

[ignatiusrielly35]

Right, a retailer selling in malls, DSW stores, etc. is a hopeless business plan. Talk about an exaggeration. lol

[alabama96]

“The reality is the concept of selling in malls that are basically going extinct isn't a solid plan. Foot traffic is near nothing these days and the market doesn't seem to think their business plan is a viable one.”

Except that is just a small part of their business plan. Their Florida medical marijuana should close by the middle of July. They have cultivation, distribution, and retail licenses in NV and Massachusetts. I believe Michigan will be the next license they secure. After that possibly CA, NJ... Their goal is to be licensed in every state where MJ is legal.
The Shottenstein family gives GGB access to cheap capital. Go review the borrowing terms and the debt conversion price. The conversions are at $5-$7 a share. I can’t remember being involved in a company where the lender is paying significantly more PPS than the stock was currently trading at.