Welcome to our dedicated page for Greystone Logist news (Ticker: GLGI), a resource for investors and traders seeking the latest updates and insights on Greystone Logist stock.
Greystone Logist (GLGI) delivers innovative logistics solutions through 100% recycled plastic pallets designed for industrial durability and environmental responsibility. This news hub provides stakeholders with essential updates about the company’s sustainable manufacturing advancements and market developments.
Access timely press releases covering product innovations, strategic partnerships, and operational milestones. Discover updates on GLGI’s patented HDPE recycling processes, FDA-compliant solutions for food sectors, and initiatives advancing circular economy practices in logistics.
Key content includes earnings reports, sustainability achievements, and technological breakthroughs in plastic pallet engineering. Investors and industry professionals will find curated information supporting informed analysis of GLGI’s position in eco-friendly supply chain solutions.
Bookmark this page for ongoing insights into how Greystone Logist transforms recycled materials into high-performance logistics assets while maintaining cost efficiency across agricultural, manufacturing, and food processing sectors.
Greystone Logistics (OTCQB: GLGI) announced a $1 million stock repurchase program authorized by its Board of Directors. The program will commence in the second fiscal quarter of 2024 and span 12 months. Shares may be repurchased in the open market under Rule 10b5-1 or through other methods, adhering to Rule 10b-18 and applicable regulations.
The number and value of shares repurchased will depend on factors such as the stock's intrinsic value, market conditions, liquidity, and legal requirements. The program is discretionary and can be altered or stopped at any time. Funding for the buybacks will come from existing cash reserves and future free cash flow. CEO Warren Kruger emphasized that the buyback reflects the Board's confidence in the company's future and aims to enhance shareholder value.
Tulsa, OK, April 24, 2023 (GLOBE NEWSWIRE) -- Greystone Logistics (OTCQB:GLGI) announces the acquisition of Paradigm Plastic Pallets, including extrusion lines and manufacturing equipment, to reinstate production capabilities in Jasper, IN. This strategic move diversifies Greystone’s product offerings beyond plastic injection pallets and supports sustainability by using recycled plastics. The new manufacturing process allows for a wide range of pallet sizes and configurations, enhancing flexibility. Paradigm's pallets are already approved for use by major companies like Toyota and Honda. CEO Warren Kruger emphasized the acquisition’s role in advancing Greystone's manufacturing capabilities and sales network.
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