Here’s an interesting way to get people to come back to some of America’s floundering shopping malls — start selling CBD-infused products.
Green Growth Brands (GGBXF), a cannabis company that owns the Seventh Sense Botanical Therapy brand of body and skin care lotions and oils derived from hemp, said Monday it has a deal with Simon Property, the nation’s largest mall operator, to open stores in its shopping centers.
Simon (SPG) runs some of the most high-profile malls in the US, including Roosevelt Field on Long Island, The Galleria in Houston and the Woodbury Common outlets just north of New York City. The first Green Growth/Seventh Sense store is slated to open at Castleton Square Mall in Indianapolis in March.
Don’t be surprised to see Green Growth strike more deals with US retailers either. Peter Horvath, the company’s CEO, is a former executive with Victoria’s Secret and American Eagle Outfitters.