Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF) is one of RichTV Live’s favorite picks. The retail-focused CBD company is uniquely positioned in the market given its expert leadership and its legion of brands, including the incredibly popular Seventh Sense Botanical Therapy store.
What’s more, GGB already has the strongest sales-per-square-feet in the cannabis industry, and its expanding all the time.
Today, Rich has a lot of exciting news about Green Growth Brands to get into. Considering that GGB stock has fallen from a year-high of $6.40 in January all the way down to $1.14, which it hit yesterday, there’s never been a better buying opportunity for this company.
“We have found the bottom,” declares Rich. “And we have some big news! I’m telling you this company will go back to $5 or $6 in the future.”
Seventh Sense’s Incredible Retail Growth
Earlier today, Green Growth Brands announced the opening of its 150th Seventh Sense CBD mall-based shop.
While this would be monumental news no matter the context, it’s an even more impressive milestone when you consider that the very first Seventh Sense shop only opened earlier this year. That means that in less than nine months, GGB has made itself a powerhouse of cannabis retail.
With today’s news, the company now has 150 shops operating across 35 American states. On top of that, Green Growth expects to open its 200th location by the start of the 2019 holiday shopping season.
“This is huge,” says Rich. “This sure looks like a bottom to me.”
GGB has even more celebrating to do in its recent press release. The company has found that, to date, 20% of Seventh Sense customers have made a repeat purchase. Online, repeat purchases occur on an average of about once a month.
Continuing with online statistics, there are currently more than 350 product reviews that have an average rating of 4.5 stars out of 5. Additionally, in the month of August, the Seventh Sense email consumer database grew 59%.
On August 7, the company began SMS texting its customers, and enrollment has grown by 178% in the last month alone.
This month, Seventh Sense will launch its first national media campaign. The campaign will focus on digital and branded media partnerships, and will involve editorial-focused media placements and unique out-of-home activations in key markets throughout the US.
“I think the company’s going to blow,” says Rich. “What do you think it means when they’re going to do a bunch of media? It’s going to explode.”
Green Growth Brands’ Product Line with American Eagle
Adding to the excitement around Green Growth Brands, the company’s exclusive deal with American Eagle Outfitters, Inc. (NYSE:AEO) has just come to fruition.
At the start of October, American Eagle launched MOOD, a line of CBD-derived wellness and personal care products made by GGB. The collection features 45 products split between six unique scents, and all products come from licensed hemp processors in the United States.
Since MOOD’s launch, GGB stock has grown 25%. This means that the buying opportunity we discussed at the top of the article won’t last long. If Green Growth Brands feels like a smart play to you, you might not want to wait.
Are you thinking of buying GGB stock? Let us know about it in the comments below. And if you liked Rich’s latest video, make sure to check out his profiles of Zenabis Global (TSX:ZENA) and High Tide (CSE:HITI) (OTCQB:HITIF).
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