GRN HOLDING CORP Stock Price, News & Analysis

GRN Holding Corporation (OTC Pink: GRNF) has successfully acquired Mendocino Green Inc, which brings with it cultivation, nursery, and distribution licenses from California's cannabis industry. This acquisition marks a significant step in eliminating the shell status of the company, which is vital for their planned corporate restructuring, as noted in their supplemental report filed with OTC Markets.

CEO Donald Steinberg emphasized that this move enhances GRN's presence in the cannabis market and supports the launch of their retail division, VivaBuds, in Los Angeles. The acquisition will also facilitate GRN's ability to develop and distribute 17 Landrace strains, essential for cannabis cultivators. Mendocino’s existing distribution capabilities are expected to streamline GRN's growth and accessibility in the market.

GRN Holding Corporation (OTC Pink: GRNF) announced a non-binding letter of intent for a corporate restructuring with Marijuana Inc. of Florida. This merger aims to enhance growth opportunities by accessing public markets, allowing existing Marijuana Inc. equity holders to exchange shares for equity in the consolidated entity. Although expected to finalize in early 2023, success hinges on negotiating a definitive agreement and receiving necessary approvals. Both companies intend to leverage their networks to improve global distribution of cannabis products sourced from various regions, while GRNF focuses on farmer-to-consumer sales strategies.

GRN Holdings Corporation (OTC Pink: GRNF) announces an update on its operations, including the completion of a 2-year audit with Hudgens CPA to become a fully reporting company. A 1:20 reverse stock split was executed to enhance attractiveness for institutional investors and facilitate potential uplisting to OTCQB. The company aims to launch its VivaBuds retail division in Los Angeles by December 1, utilizing a direct-to-consumer model. Additionally, it is partnering with growers to promote landrace marijuana strains, emphasizing support for native growers and market demand.

GRN Holdings Corporation (OTC Pink: GRNF) announced significant changes including a management shift, a corporate name change to Marijuana Inc., and a new focus on global marijuana distribution. CEO Donald Steinberg aims to leverage his experience from Medical Marijuana Inc. to drive growth. The company has introduced two divisions: VivaBuds, a retail model in Los Angeles, and One World Legends, focusing on cannabis exports from Colombia. A planned 20:1 reverse stock split is in progress to enhance attractiveness to investors.

GRN Holding Corporation (OTC PINK:GRNF) has filed a Form 15 to terminate its registration under the Securities Exchange Act of 1934, suspending its obligation to file periodic reports with the SEC. The termination will be effective 90 days post-filing. Despite this, GRNF aims to maintain trading on the OTC Pink Sheets and will disclose financials quarterly and annually via OTC Markets. The decision reflects considerations of the costs associated with reporting and prolonged legal issues regarding acquisition targets, leading to the withdrawal of open acquisition intents.

GRN Holding Corporation (OTC PINK:GRNF) announced a binding letter of intent to acquire SMLY, Inc., which operates as 7 Point Financial and 9 Square Consulting. This acquisition follows a successful due diligence process conducted earlier this year. 7 Point Financial specializes in financial services for cannabis-related businesses, providing KYC and AML qualification software, payment processing, and payroll solutions. The acquisition includes all assets, licenses, and inventory from the business, aiming to enhance GRNF’s service offerings in the cannabis industry.