Veteran retail executive appointed to oversee Real Estate, Stores, Shops, and eCommerce
COLUMBUS, OH, Feb. 26, 2019 /PRNewswire/ - Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) is pleased to announce the appointment of Randy Whitaker as Chief Operating Officer, a new position within GGB. Mr. Whitaker has over 27 years' experience in real estate, finance, and store operations. Mr. Whitaker joins GGB from Belk, Inc. a privately held department store with over 293 locations.
"Along with much of the GGB leadership team, I worked with Randy for many years at Victoria's Secret," said Peter Horvath, CEO of Green Growth Brands. "He has a phenomenal track record and is a world-class operator. GGB continues to set itself apart from the competition because of the talent and experience of our team. We are so pleased to welcome Randy to the team, he will be a huge asset as we drive towards creating remarkable cannabis and CBD experiences for consumers."
In prior roles Mr. Whitaker has brought a results-oriented focus, agility in fast-paced environments, and a talent for building high-performing teams. Mr. Whitaker was most recently at Belk, Inc. as Executive Vice President, Chief Stores Officer. During that time, he led the stores organization including store operations, real estate, store design and construction, aviation, visual merchandising, customer care, credit, and supply chain. Prior to Belk, Mr. Whitaker spent over 15 years at Victoria Secret, in a variety of real estate and stores operations positions, including Executive Vice President, Store Operations. During his five years as EVP, Store Operations, Mr. Whitaker was responsible for 1,100 stores that delivered USD$6B in annual revenue while maintaining a USD$2B operating expense budget.
"GGB has done an incredible job building the foundation of the stores organization with industry leading productivity," said Randy Whitaker, COO of GGB. "I am excited to continue this momentum and create a world class fleet of stores, shops, and eCommerce channels that will create value, year after year."
Effective immediately, Mr. Whitaker will lead real estate, business development, store design and construction, stores, shops, eCommerce, and field operations support.
About Green Growth Brands
Green Growth Brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that people love. Led by Peter Horvath, the GGB team is full of retail and consumer packaged goods experts with decades of experience building successful brands. Join the movement at GreenGrowthBrands.com.
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend", "forecast" and similar expressions. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving medical and recreational marijuana; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the marijuana industry in the United States, income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; currency and interest rate fluctuations and other risks, including those factors described under the heading "Risks Factors" in the Company's Annual Information Form dated November 26, 2018 which is available on the Company's issuer profile on SEDAR.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.
The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available.
SOURCE Green Growth Brands