When Green Growth Brands (CNSX:GGB) first hit the public markets in November, the pitch was filled with tons of potential.
Green Growth will have to pay for these company’s burn rates as well, telling us the cost structure is going up not down.
If you own shares in Green Growth Brands, what you really care about is if there is any equity value left for you after all liabilities are paid.
By the time May rolls around and the $45.5 million debt payment is due, GGB will be out of cash.
Green Growth Brands is in a downward debt and equity spiral from which it is unlikely to recover.