Providing U.S. investors greater access under ticker symbol GGBXF
COLUMBUS, OH, Dec. 20, 2018 /PRNewswire/ - Xanthic Biopharma, Inc. d/b/a Green Growth Brands (CSE: GGBOTCQB:GGBXF) (GGB or the Company) is pleased to announce that it has been approved to commence trading on The OTCQB® Venture Market, beginning today, December 20, 2018, under the symbol GGBXF. This U.S. listing will provide the Company with access to a broader base of U.S. and international retail and institutional investors. Ultimately, providing investors with access to a U.S.-based trading platform with increased access to data, transparency and liquidity. Quotes for GGB's U.S. symbol will be available once the Company's stock commences trading on The OTCQB® Venture Market at www.otcmarkets.com/stock/GGBXF/quote.
"Listing on the OTCQB® will allow for greater engagement with our U.S. investor base. As we continue on our path to bring the best experience in cannabis retail and CBD to consumers, we will lean on the U.S. capital markets to support us through expansion" said Peter Horvath, CEO of GGB.
The Company's shares will continue to trade on the Canadian Securities Exchange under the symbol GGB.
GGB currently operates The+Source, the premier Cannabis store in Las Vegas, NV, as well as a cultivation and production facilities in Las Vegas. The Company recently announced the award of seven retail cannabis dispensary licenses by The Nevada Department of Taxation, an expansion of its operations into Massachusetts, the acquisition of a cultivation facility in Pahrump, Nevada, and an irrevocable option to acquire all of the membership interests of Henderson Organic Remedies, LLC.
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