Green Growth Brands Inc. (GGB) has entered an agreement with Simon Property Group, Inc. (Simon).
The deal will see GGB gaining access to 108 shop locations in U.S. malls owned and operated by Simon. GGB will further expand its chain of CBD-infused personal care product shops under the Seventh Sense Botanical Therapy brand, along with others.
Simon is the largest shopping mall operator in the United States, with properties including Roosevelt Field in New York and The Galleria in Houston. The first shop is slated to open March 2019 at Castleton Square Mall in Indianapolis; subsequent shops will be opened over the course of the year.
“Our partnership with Simon allows GGB to launch our brands and CBD products in premier shopping destinations across the U.S.,” said GGB CEO Peter Horvath. “Our management team has had decades of experience working closely with developers and operating premium retail stores in their properties. We know this arrangement gives us access to the best locations, foot traffic, and consumers. We look forward to introducing our remarkable retail experience and line of CBD products to Simon shoppers in the near future.”
“We are constantly on the lookout for cutting-edge new concepts, like the GGB shops,” added John Rulli, president of Simon Malls. “We are committed to adding new and dynamic retailers and uses to our shopping destinations, and the GGB shopping experience is exactly the type of innovation our customers want and expect from us. We're excited to work on the GGB launch, and look forward to a long and deepening relationship as we build this network together.”