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GGBXF - Green Growth Brands: It Will Thrive Even Without Aphria
Green Growth Brands Inc
Green Growth Brands (GGBXF) grabbed our attention when the company launched a hostile bid for its much larger Canadian rival Aphria (APHA) through an unusual take-under offer. Despite our view that the hostile offer is unlikely to succeed, we think GGB's recent progress in advancing its national CBD retail strategy makes it a worthy consideration for investors looking to build a portfolio of promising U.S. cannabis plays.
(All amounts in USD)
GGB's Strategy
Green Growth is a young company formed just in September 2018 from the acquisition of a single store in