Atlanta Based Specialty Realty Group Reorganizes, Changes Business Plan & Leadership
Thunder Energies Corp. (TNRG) has transitioned to new ownership, divesting its CBD and Hemp assets to focus on real estate development and mining ventures.
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Rhea-AI Summary
Thunder Energies Corp. (TNRG) has transitioned to new ownership, divesting its CBD and Hemp assets to focus on real estate development and mining ventures. The company aims to leverage its industry expertise for significant growth opportunities, highlighted by existing joint ventures in hospitality projects in Tennessee and Georgia, alongside mining operations in Nevada. The shift marks a strategic realignment towards specialty real estate and mineral resource extraction.
Positive
- Transition to new ownership may lead to strategic realignment and enhanced focus.
- Active joint ventures in hospitality development could provide revenue streams.
- Potential for growth in real estate and mining sectors.
Negative
- Divestment from CBD and Hemp sector could limit previous revenue sources.
- Risks associated with new ventures in real estate and mining sectors.
Details
News Market Reaction – TNRG
The recorded move for TNRG in the trading session of this news was -7.14%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, GA, May 25, 2022 (GLOBE NEWSWIRE) -- THUNDER ENERGIES CORP. [OTC Pink: TNRG] has completed the change of control of the corporation by a new investor group. The firm, which was previously in the CBD and Hemp sector, changed its controlling shareholders and divested the CBD and Hemp assets in a transaction that was announced and closed in April, 2022. The corporation will now focus on investment and partnership in real estate development, specialty property projects and mining.
“With the change in control of Thunder Energies,” the company’s new Chairman, Eric Collins stated, “the firm will be focused on development of specialty real estate projects, traditional real estate development and the mining of valuable mineral resources. Thunder Energies has two active joint ventures, the Bear Village hospitality resorts in Tennessee and Georgia, in development.” Collins added, “this is in addition to our Nevada mining business and the development of our marble and gold mineral reserves.”
Mr. Collings explained, “The Thunder Energies team is constantly scanning the market for business opportunities that provide significant upside potential to our investors and capital partners. Our unique entrepreneurial mindset and broad industry experience allow us to capture value in many markets. We are a small and highly effective team with substantial specific industry knowledge and experience. We work directly on all sides of transactions and corporate strategy including as advisor, development, project analysis, negotiator, specialty consulting and day to day management oversight and management services.
“Our approach is to work collaboratively with joint venture partners to identify issues, seek mutually beneficial solutions, introduce skills, networks and investors and ultimately implement corporate strategy outcomes.
For more information about Thunder Energies, please visit: www.thunderenergiescorp.com
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
CONTACT
Investor Relations
Rick Freeman
CMO
MAJORMEDIA INC
E: majormediasales@comcast.net
P: 570.468.2205
Donald R. Keer, P.E., Esq.
Corporate Counsel
Thunder Energies Corp.
3663 Greenwood Circle
Chalfont, PA 18914
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