Mr. Peter Horvath reports

GREEN GROWTH BRANDS CLOSES C$50.2 MILLION BOUGHT DEAL FINANCING

Green Growth Brands Inc. has closed its previously announced "bought deal" short form prospectus offering of units of the company for aggregate gross proceeds of $50,225,000.

"We are pleased to announce the completion of our first equity raise as a public company since our October 2018 RTO," said Peter Horvath, CEO of Green Growth Brands. "The proceeds of this bought deal financing, combined with the recently announced $102.7 million backstop commitment, which was led by the Schottenstein family, support continued execution against our strategy to deliver industry-leading consumer experiences and product innovation in Cannabis and CBD. Our consumer-facing, merchant-led team is our most critical differentiator - for customers, shareholders and competitors."

Under the Offering the Company sold a total of 20,500,000 Units at a price of C$2.45 per Unit. Each Unit is comprised of one common share of the Company (a "Common Share") and one half of one common share purchase warrant of the Company (each full warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share (an "Underlying Common Share") at a price of C$3.50 per Underlying Common Share, subject to adjustment in certain events, for a period of 3 years from issuance.

The Warrants have been approved for listing on the Canadian Securities Exchange under the symbol GGB.WT.

The net proceeds of the Offering are expected to be used by the Company to fund, in part, (i) the balance of the cash purchase price payable in connection with its acquisition of Nevada Organic Remedies LLC, (ii) the cash portion of the purchase price payable by the Company to complete its acquisition of Henderson Organic Remedies LLC, (iii) the deferred cash compensation and certain other fees payable in connection with the Company's acquisition of Spring Oaks Greenhouses, Inc. with (iv) the balance for the Company's ongoing capital expenditures and general corporate purposes.

The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and including Eight Capital, Cormark Securities Inc., GMP Securities L.P., Paradigm Capital Inc., Beacon Securities Limited and Haywood Securities Inc. (collectively, the "Underwriters").

Certain "related parties" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") purchased an aggregate of 1,020,000 Units under the Offering for gross proceeds to the Company of C$2,499,000. Such participation constitutes a "related-party transaction" under MI 61-101. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved related parties, exceeded 25% of the Company's market capitalization as determined under MI 61-101

No securities regulatory authority has either approved or disapproved of the contents of this news release.

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company's brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and Meri + Jayne. The Company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. Already driving the strongest sales per square feet in the cannabis industry, GGB is expanding its cannabis operations throughout the U.S., its CBD presence at ShopSeventhSense.com, in malls across the country, at DSW and Abercrombie & Fitch stores-and that's just the beginning.

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