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Green Growth Brands Completes Acquisition of Second The+Source Location

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Green Growth Brands Inc. has announced the closing of its acquisition of Henderson Organic Remedies, LLC (The+Source Henderson), which was previously disclosed on December 14, 2018. The+Source Henderson is the second The+Source dispensary operated by GGB in greater Las Vegas. The productivity of The+Source Henderson is similar to that of The+Source Las Vegas.

"The+Source Henderson has been under our management for the last nine months," said Peter Horvath, CEO of Green Growth Brands. "In that time, we have grown revenue, transactions and gross margin by double digits. Our ability to significantly improve top-performing dispensaries, in a market that has seen a significant uptick in competition, is a testament to our expertise in retail operations."

The formal acquisition of the company brings GGB's Las Vegas assets to two The+Source locations, one production facility, two cultivation facilities, and seven licenses to operate dispensaries awarded by the Nevada Department of Taxation.

 

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