Place has been below GGB management since December 2018
COLUMBUS, OH, Aug. 28, 2019 /PRNewswire/ – Green Development Brands Inc. (CSE: GGB) (OTCQB: GGBXF) (“GGB” or “the Company”) is pleased to announce the closing of its acquisition of Henderson Organic Treatments, LLC (The+Supply Henderson), which was previously disclosed on December 14, 2018. The+Supply Henderson is the second The+Supply dispensary operated by GGB in greater Las Vegas. The productivity of The+Supply Henderson is related to that of The+Supply Las Vegas.
The+Supply Henderson has been below our management for the final nine months. In that time, we have grown income, transactions and gross margin by double digits. Our potential to considerably enhance major performing dispensaries, in a marketplace that has noticed a considerable uptick in competitors, is a testament to our experience in retail operations.
Peter Horvath, CEO of Green Development Brands
The formal acquisition of the business brings GGB’s Las Vegas assets to two The+Supply areas, a single production facility, two cultivation facilities, and seven licenses to operate dispensaries awarded by the Nevada Division of Taxation.
About Green Development Brands Inc.
Green Development Brands creates outstanding experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership group of customer-focused retail professionals, the company’s brands contain CAMP, Seventh Sense Botanical Therapy, The+Supply, Green Lily, and Meri + Jayne. The Corporation also has a licensing agreement with the Greg Norman™ Brand to create a line of CBD-infused private care solutions developed for active wellness. Currently driving the strongest sales per square feet in the cannabis business, GGB is expanding its cannabis operations all through the U.S., its CBD presence at ShopSeventhSense.com, in malls across the nation, at DSW and Abercrombie & Fitch stores—and coming to American Eagle shops quickly. Understand a lot more about the vision at GreenGrowthBrands.com.
Original press release