Welcome to our dedicated page for GRN HOLDING news (Ticker: GRNF), a resource for investors and traders seeking the latest updates and insights on GRN HOLDING stock.
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GRN Holding Corporation (OTC PINK:GRNF) announced on August 26, 2020, the filing of Form 8-K to facilitate its acquisition plans. Following non-binding Letters of Intent executed in November 2019, the Company has engaged in due diligence since January 2020, with binding letters of intent now executed. To support its acquisition strategy, GRNF plans to increase its authorized shares from 250 million, of which almost 250 million are already issued. This move aims to enhance shareholder value by enabling strategic acquisitions.
GRN Holding Corporation (OTC PINK:GRNF) has announced a binding letter of intent to acquire Pacific Merchant Processing, Inc. This decision follows a successful due diligence process earlier this year and aims to finalize a mutual definitive agreement for the acquisition. Pacific Merchant Processing, located in Bellevue, Washington, specializes in payment processing solutions for the cannabis and hemp markets. The acquisition will include all assets, licenses, intellectual property, and equity of the business.