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Green Growth Brands Completes C$61.2 Million Financing Led By Strategic Investors
The group has agreed to a conversion price equivalent to C$7.00 per common share, indicating confidence in the value of GGB
COLUMBUS, OH, May 17, 2019 /CNW/ – Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (“GGB” or the “Company”) is pleased to announce that it has raised gross proceeds of US$45.5 million (C$61,233,100) pursuant to a private placement of convertible debt, (the “Debenture Financing”) in the form of 15% secured convertible debentures (the “Debentures”) at a price of US$1,000 per Debenture and with a conversion price equivalent to C$7.00 per common share. The net proceeds of the Debenture Financing will be used for general corporate and