Pure Harvest Corporate Group Provides Corporate Update and Announces Significant Debt Reductions
Pure Harvest Corporate Group (OTC: PHCG), a strategic holding company, announced significant progress in strengthening its balance sheet through debt reduction initiatives. The company successfully settled $2.4 million of debt through common stock issuance at $0.10 per share. Additionally, $1.8 million in liabilities were extinguished through voluntary debt forgiveness agreements with creditors.
CEO Richard Hawkins emphasized the company's commitment to streamlining its capital structure. Management indicated ongoing negotiations with remaining noteholders and creditors, anticipating further liability reductions in upcoming quarters to improve financial health and enable new strategic initiatives.
Pure Harvest Corporate Group (OTC: PHCG), una holding strategica, ha annunciato progressi significativi nel rafforzamento del proprio bilancio attraverso iniziative di riduzione del debito. La società ha saldato con successo 2,4 milioni di dollari di debito mediante l'emissione di azioni ordinarie a 0,10 dollari per azione. Inoltre, 1,8 milioni di dollari di passività sono stati estinti tramite accordi volontari di perdono del debito con i creditori.
Il CEO Richard Hawkins ha sottolineato l'impegno dell'azienda a semplificare la propria struttura patrimoniale. La direzione ha indicato trattative in corso con i restanti detentori di obbligazioni e creditori, prevedendo ulteriori riduzioni delle passività nei prossimi trimestri per migliorare la salute finanziaria e permettere nuove iniziative strategiche.
Pure Harvest Corporate Group (OTC: PHCG), una compañía holding estratégica, anunció avances significativos en el fortalecimiento de su balance mediante iniciativas de reducción de deuda. La empresa logró saldar 2,4 millones de dólares de deuda mediante la emisión de acciones comunes a 0,10 dólares por acción. Además, 1,8 millones de dólares en pasivos fueron extinguidos a través de acuerdos voluntarios de condonación de deuda con los acreedores.
El CEO Richard Hawkins enfatizó el compromiso de la compañía con la simplificación de su estructura de capital. La dirección indicó que continúan las negociaciones con los tenedores restantes de bonos y acreedores, anticipando nuevas reducciones de pasivos en los próximos trimestres para mejorar la salud financiera y permitir nuevas iniciativas estratégicas.
Pure Harvest Corporate Group (OTC: PHCG)는 전략적 지주회사로서 부채 감축을 통한 재무구조 강화에 있어 중요한 진전을 발표했습니다. 회사는 주당 0.10달러의 보통주 발행을 통해 240만 달러의 부채를 성공적으로 상환했습니다. 또한, 채권자들과의 자발적 부채 탕감 합의를 통해 180만 달러의 부채를 소멸시켰습니다.
CEO 리처드 호킨스는 자본 구조 간소화에 대한 회사의 의지를 강조했습니다. 경영진은 남은 채권자 및 채무자들과의 협상이 진행 중이며, 향후 분기 내 추가 부채 감축을 기대해 재무 건전성을 개선하고 새로운 전략적 이니셔티브를 추진할 계획이라고 밝혔습니다.
Pure Harvest Corporate Group (OTC: PHCG), une société holding stratégique, a annoncé des progrès significatifs dans le renforcement de son bilan grâce à des initiatives de réduction de la dette. La société a réussi à régler 2,4 millions de dollars de dettes par l'émission d'actions ordinaires au prix de 0,10 dollar par action. De plus, 1,8 million de dollars de passifs ont été annulés via des accords volontaires de remise de dette avec les créanciers.
Le PDG Richard Hawkins a souligné l'engagement de l'entreprise à rationaliser sa structure de capital. La direction a indiqué que des négociations sont en cours avec les détenteurs restants de billets et créanciers, anticipant de nouvelles réductions de passifs dans les prochains trimestres afin d'améliorer la santé financière et de permettre de nouvelles initiatives stratégiques.
Pure Harvest Corporate Group (OTC: PHCG), eine strategische Holdinggesellschaft, gab bedeutende Fortschritte bei der Stärkung ihrer Bilanz durch Schuldenreduktionsmaßnahmen bekannt. Das Unternehmen hat erfolgreich 2,4 Millionen US-Dollar Schulden durch die Ausgabe von Stammaktien zu 0,10 US-Dollar pro Aktie beglichen. Zusätzlich wurden 1,8 Millionen US-Dollar Verbindlichkeiten durch freiwillige Schuldenerlasse mit Gläubigern getilgt.
CEO Richard Hawkins betonte das Engagement des Unternehmens, die Kapitalstruktur zu straffen. Das Management gab an, dass Verhandlungen mit verbleibenden Anleihegläubigern und Kreditgebern laufen, mit der Erwartung weiterer Schuldenreduzierungen in den kommenden Quartalen, um die finanzielle Gesundheit zu verbessern und neue strategische Initiativen zu ermöglichen.
- Successfully settled $2.4 million in debt obligations through stock issuance
- Achieved $1.8 million in debt forgiveness through creditor agreements
- Ongoing constructive engagement with noteholders for additional debt restructuring
- Significant dilution for existing shareholders due to debt-to-equity conversion at $0.10 per share
- Company still carries remaining debt obligations requiring restructuring
GREENWOOD VILLAGE, Colo., June 26, 2025 (GLOBE NEWSWIRE) -- Pure Harvest Corporate Group, Inc. (OTC: PHCG), a strategic holding company focused on acquiring and restructuring undervalued businesses, today provided a corporate update highlighting its continued progress in strengthening the Company’s balance sheet.
As part of its ongoing restructuring efforts, Pure Harvest successfully settled
“These actions reflect our commitment to streamlining the capital structure and creating a stronger foundation for future growth,” said Richard Hawkins, CEO and Chairman of Pure Harvest. “We appreciate the collaboration and support from our stakeholders during this transition.”
The Company continues to engage constructively with remaining noteholders and creditors to restructure additional debt through negotiated settlements. Management expects further reductions in liabilities in the coming quarters, contributing to improved financial health and positioning Pure Harvest for new strategic initiatives.
About Pure Harvest Corporate Group, Inc.
Pure Harvest Corporate Group, Inc. (OTC: PHCG) is a diversified holding company dedicated to strategic acquisitions and innovative solutions across various sectors. Through a vertically integrated approach, PHCG builds value by identifying and acquiring companies with high-growth potential, focusing on sustainable operations and scalable business models. The company leverages its operational expertise and resources to drive long-term growth and market expansion, creating shareholder value while meeting evolving industry demands.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates, and projections about the Company’s business and industry, management’s beliefs, and certain assumptions made by the Company. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including but not limited to, our ability to continue reducing liabilities, complete future acquisitions, secure funding, and successfully execute our business strategy. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Company Contact
phcg.info.ir@gmail.com
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