July 9 (Reuters) - Green Growth Brands Inc GGB.CD :
* GREEN GROWTH BRANDS TO CREATE FIRST '360 DEGREE' CANNABIS COMPANY THROUGH A COMBINATION WITH MXY HOLDINGS LLC
* GREEN GROWTH BRANDS INC - EQUITY PURCHASE PRICE OF TRANSACTION IS US$310 MILLION
* GREEN GROWTH BRANDS - WILL UNDERTAKE REORGANIZATION WHEREBY IT CREATES A NEW LIMITED PARTNERSHIP TO HOLD ITS EXISTING ASSETS AND ACQUIRED ASSETS
* GREEN GROWTH BRANDS - DEAL IS STRUCTURED TO INCLUDE FORMATION OF GGB LP, A NEW ONTARIO LIMITED PARTNERSHIP OF WHICH GGB WILL BE GENERAL PARTNER
* GREEN GROWTH BRANDS - PAYMENT OF PURCHASE PRICE WILL BE SATISFIED THROUGH ISSUANCE OF GGB COMMON SHARES & EXCHANGEABLE UNITS IN GGB LP
* GREEN GROWTH BRANDS - IF DEAL IS TERMINATED BY GGB IN EVENT OF ACQUISITION TERMINATION, GGB WILL PAY TO MOXIE TERMINATION FEE OF US$17.5 MILLION
* GREEN GROWTH BRANDS - ON CLOSING OF DEAL, CONTROLLING MEMBERS OF MOXIE WILL BE ENTITLED TO NOMINATE 2 DIRECTORS OF GGB
* GREEN GROWTH BRANDS INC - MANAGEMENT OF MOXIE WILL CONTINUE TO LEAD COMPANY AS PART OF GGB, WITH KEY MANAGEMENT JOINING GGB