Green Leaf Innovations, Inc. Advances Debt Reduction Strategy, Strengthening Shareholder Value
Rhea-AI Summary
Green Leaf Innovations, Inc. (OTCPK:GRLF), a Florida-based company in the premium cigar industry, has announced significant progress in its debt reduction strategy. The company has successfully reduced the majority of one outstanding note and is working to eliminate an additional $88,000 in notes in the coming weeks. Furthermore, GRLF is negotiating the removal of several hundred thousand dollars more in debt.
As part of its strategy to enhance shareholder value, GRLF has also reduced its authorized and issued shares by 5 billion this month. These actions aim to strengthen the company's financial position, clean up its balance sheet, and increase the value of remaining shares. CEO Roberto Mederos emphasized the company's focus on building a robust foundation for long-term success and value creation.
Positive
- Successfully reduced the majority of one outstanding note
- Working to eliminate an additional $88,000 in outstanding notes
- Negotiating the removal of several hundred thousand dollars more in debt
- Reduced authorized and issued shares by 5 billion
Negative
- Significant existing debt burden requiring reduction efforts
News Market Reaction 1 Alert
On the day this news was published, GRLF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PEMBROKE PINES, FL / ACCESSWIRE / August 27, 2024 / Green Leaf Innovations, Inc. (OTCPK:GRLF), a Florida-based emerging growth company engaged in the marketing and distribution of handmade premium cigars, is pleased to announce significant progress in its ongoing efforts to reduce corporate debt, thereby enhancing its financial position and creating stronger shareholder value.
In alignment with the Company's strategic goals, Green Leaf Innovations, Inc. has successfully reduced the majority of one of its outstanding notes, demonstrating its commitment to improving the company's financial health. Furthermore, the Company is actively working to eliminate an additional
CEO Roberto Mederos remarked, "Our focus remains on strengthening our financial foundation to ensure the long-term success of Green Leaf Innovations. By reducing our debt, we are not only cleaning up our balance sheet but also positioning ourselves to take advantage of new opportunities that will drive shareholder value."
In addition to the ongoing efforts to eliminate
This month alone, Green Leaf Innovations took a bold step by reducing its authorized and issued shares by 5 billion, a clear testament to its dedication to optimizing its capital structure. By decreasing the number of shares, the Company aims to increase the value of each remaining share, providing shareholders with greater equity in a financially stronger company.
These strategic initiatives underscore Green Leaf Innovations, Inc.'s commitment to its shareholders and its vision for sustainable growth. As the Company continues to execute its debt reduction strategy, it remains focused on building a robust foundation that supports long-term value creation.
About Green Leaf Innovations, Inc.
Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars. The company strategically imports and exclusively distributes some of the best known premium cigar brands in the Market created by the Mederos family a Third generation Cigar maker with Robert Mederos at the helm who has owned and operated handmade cigar operation in Nicaragua and the US for over 20 years with a rich family history in the craft dating back to the 1800s Cuba, brands such as CUBANACAN, MEDEROS and TABACALERA SERRANO. In addition to it the company also distributes packaged whole leaf Tobacco to cigar lounges, smoke shops, C-stores and vape shops across the United States and soon International Markets.
Additional information can be found on our websites http://www.greenleafinnovation.com or follow us on Twitter @otcgrlf.
For more information, press only:
Phone number: (800) 303-6268
Email: info@greenleafinnovation.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. The Company may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Annual Reports on Form 10-K and its other filings with the Securities and Exchange Commission. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.
Contact Information
RYAN MEDICO
MARKETING MANAGER
info@greenleafinnovation.com
8003036268
SOURCE: Green Leaf Innovation,Inc.
View the original press release on accesswire.com
FAQ
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