Green Growth acquires multistate marijuana firm Moxie in $310 million deal
Published July 9, 2019
Green Growth Brands, a cannabis company based in Ohio, agreed to pay $310 million in stock for multistate operator Moxie.
Moxie is based in Long Beach, California, but sells both recreational and medical cannabis products from 250 retail outlets and dispensaries in five states.
The deal, expected to close in the next six months, follows Green Growth’s agreement in June to acquire Florida-based Spring Oaks Greenhouse.
Green Growth, which trades on the Canadian Securities Exchange under the ticker symbol GGB, is also concentrating on expanding its CBD brand presence in U.S. retail stores such as Abercrombie & Fitch and shoe giant DSW.
More details on the Green Growth-Moxie deal can be found in this news release.
Green Growth Brands, the Ohio-based cannabis company, agreed to pay $310 million in stock for multi-state operator Moxie, based in California.
Moxie CBD Vape
Fresh from Californian extract specialists, Moxie comes their new Moxie Dart vaporizer. The Moxie Dart is a sleek portable vape unit that fits the Moxie CBD Cartridge pods that are also on this page. The CBD pods contain 0.5g of naturally flavoured vape solution at approximately 50% CBD content, so this is an excellent way of imbibing CBD and a perfect solution for people on the go.
The Dart is intuitive and easy to use – there are no buttons or settings to adjust – the magnetic pods simply snap onto the vape and the user inhales to activate the power. The vaporizer is equipped with a 480 mAh battery for long life and will last up to a week between charges. A full charge from flat takes around 90 minutes.
There are a variety of flavoured CBD cartridges to choose from: lime, peppermint, pina colada, mago, sour apple, melonwreck, blackberry, blood orange and granddaddy purple. All the pods are batch and lab tested by Moxie, so you can be sure of uniform CBD levels and punchy, fresh flavours.
The Moxie Dart is a sleek portable vape unit that fits the Moxie CBD Cartridge pods. The CBD pods contain 0.5g of naturally flavoured vape solution.