Green Growth Brands Announces the Acquisition of Just Healthy LLC
Just Healthy to provide Green Growth Brands a medical marijuana dispensary license and option to acquire real estate in Massachusetts’ expanding cannabis market
COLUMBUS, OH, Dec. 11, 2018 /PRNewswire/ – Xanthic Biopharma, Inc. d/b/a Green Growth Brands (CSE: GGB) (GGB or the Company) announced that it has executed a definitive agreement, yesterday, December 10, 2018, to acquire 100% of the membership interests of Just Healthy LLC (Just Healthy). Just Healthy holds provisional certificates of registration for a registered marijuana dispensary in Northampton, Massachusetts, a cultivation and processing site, also located in Northampton. The license allows for up to three total medical dispensaries with preferred treatment for future adult use.
We are excited at the prospect of competing in a high potential cannabis markets in the United States. Our team’s experience in store operations and branding will allow us to bring a superior cannabis retail experience to Massachusetts.
Peter Horvath, Green Growth Brands CEO
This transaction introduces GGB to its first locations outside of Nevada, where the Company is building towards a leading market position, operating the premier Cannabis store, The+Source, in Las Vegas, NV and a grow and production facility in Post, NV. Last week, the Nevada Department of Taxation awarded GGB an additional seven retail cannabis dispensary licenses. The acquisition gives GGB the opportunity to extend its production and retail operations into the northeastern United States, bringing the region’s consumers access to the Company’s premier brands, products, and services.
“The potential to operate vertically will allow for stronger margins and the prospect of wholesale revenue from cultivation.” continued Horvath.
Neil Phelan, co-founder and member, Just Healthy LLC, “Over the last year we have developed a close working relationship with the people of Northampton. We are