(Bloomberg) — Green Growth Brands Inc., once a suitor of Aphria Inc., is selling its CBD business and restructuring debt amid what the company is calling “serious financial difficulty.”In a further sign of the problems plaguing the cannabis industry, Green Growth said it will sell its CBD business to BRN Group Inc., a cannabis brand-management company, so it can focus on its marijuana operations. No terms were given.Shares tumbled as much as 42%, the most ever, to 25 cents in Toronto on Tuesday.Green Growth had previously positioned itself as a CBD retailer, touting its mall kiosks and its partnerships with …read more
Source:: Yahoo Finance
