Tuesday, August 5, 2025

Latest

Green Growth Issued Notice Of Default On Moxie Debt

It appears that the entirety of Green Growth Brands (CSE: GGB) might come crashing down after all, and not just its CBD operation. This morning the company quietly announced that it had received a notice of default from MXY Holdings.

Green Growth Brands Logo

The notice of default is related to a US$5.0 million note issued by MXY last year while the proposed merger of the two parties was still on the table. While the note was extended to GGB Beauty LLC which is now being restructured, Green Growth as a whole issued a guaranty in connection with the note.

The note itself was due months ago on January 31, 2020, and the parties have not been able to meet an agreement on an extension. Green Growth also owes MXY $4.0 million in the form of a termination fee, which has now been accelerated as a result of the prior default.

The company has indicated that it will continue to work towards reaching a refined agreement in relation to the funds owed. The ability of GGB to successfully negotiate altered terms is questionable however given that the company has already started the receivership process on a major business unit.

Green Growth last traded at $0.10 on the CSE.


Information for this briefing was found via Sedar and Green Growth Brands. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Green Growth Brands Conducts Raise After Completing Share Buyback

Green Growth Brands (CSE: GGB) investors had an eyebrow raising moment yesterday after the close,...

Wednesday, July 24, 2019, 07:00:21 AM

Green Growth Brands Closes on Henderson, Nevada Dispensary

Green Growth Brands (CSE: GGB) announced this morning that it has completed the acquisition of...

Wednesday, August 28, 2019, 10:07:14 AM

Rough Week In Cannabis Sector Capped With Gut Punch From Ontario

This first week of April has been the never-ending week for the cannabis industry that...

Friday, April 3, 2020, 03:24:27 PM

Green Growth Brands to Combine with MXY Holdings

Green Growth Brands (CSE: GGB) announced this morning that it will be combining with MXY...

Tuesday, July 9, 2019, 10:21:40 AM

Green Growth Revenues Higher than Anticipated

Yesterday, Green Growth Brands (CSE: GGB, OTCMKTS: GGBXF) released its first round of financials following...

Thursday, February 28, 2019, 02:06:56 PM