The BRN Group to acquire the CBD unit of Green Growth Brands.

The BRN Group, a privately held entity that focuses exclusively on the cannabis sector, agreed to acquire the CBD unit of Green Growth Brands, a cannabis company. Financial terms were not disclosed. "While we are excited by the consumer demand signals we saw in the CBD Business during the quarter ending December 28, 2019, and we remain confident in its future potential, the CBD Business remains in its nascency. With high-potential in the future comes material overhead costs and other obligations in the near term. These near-term overhead costs and other obligations, together with constraints on liquidity, have posed significant challenges that have hindered us from growing the CBD Business to its full-potential," Peter Horvath, GGB CEO.