Green Growth Brands Inc. (CNSX:GGB) announced conclusion of strategic review process, consent to receivership appointment for CBD business, and continuation of cannabis business in Florida, Massachusetts, and Nevada. Special committee of the board of directors has concluded the previously announced strategic review process related to the Green Growth Brands Inc.'s cannabidiol business. As a result of the Process, the Company has determined that appointment of a receiver is in the best interest of the Company and the creditors of the CBD Business. The CBD Business is operated by six of the Company's subsidiaries: Green Growth Brands LLC, GGB Beauty LLC, GGB Licenses LLC, Green Growth Brands Realty LLC, GGB Kiosks LLC, and GGB GN LLC (collectively, the "CBD Subsidiaries"). Each of the CBD Subsidiaries will be subject to the receivership order. The conclusion of the Strategic Review Process follows the Company's announcement on March 19, 2020 that it would be indefinitely suspending its CBD Business operations in light of the ongoing COVID-19 pandemic. The consent to appointment of the receiver was filed on April 2, 2020 with the Franklin County Court of Common Pleas, in Franklin County, Ohio.