Columbus-headquartered Green Growth Brands Inc. has closed of its acquisition of Henderson Organic Remedies LLC, which was previously announced Dec. 14, 2018. The+Source Henderson is the second The+Source dispensary operated by GGB in greater Las Vegas. The productivity of The+Source Henderson is similar to that of The+Source Las Vegas.
“The+Source Henderson has been under our management for the last nine months. In that time, we have grown revenue, transactions and gross margin by double digits. Our ability to significantly improve top performing dispensaries, in a market that has seen a significant uptick in competition, is a testament to our expertise in retail operations.” GGB CEO Peter Horvath said, in a statement.
The closing brings GGB’s Las Vegas assets to two The+Source locations, one production facility, two cultivation facilities and seven licenses to operate dispensaries awarded by the Nevada Department of Taxation.
GGB is rapidly expanding its cannabis operations throughout the United States, including a CBD presence at ShopSeventhSense.com, in malls across the country, at DSW and Abercrombie & Fitch stores. Its brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily and Meri + Jayne.