PEMBROKE PINES, FL / ACCESSWIRE / December 17, 2024 / Green Leaf Innovations, Inc. (OTC PINK:GRLF), a Florida-based company specializing in the marketing and distribution of premium handmade cigars, today announces a significant capital reduction, streamlining our corporate structure for 2025. We've reduced the authorized shares by 66%, bringing the total authorized common shares from 60 billion to 20 billion, effective immediately.
This decisive action, approved by the Board of Directors and filed with the State of Florida is a critical component of our restructuring plan for 2025. We will proactively address existing financial obligations by continue renegotiating the company's debt to bolstering our financial position and strengthening our foundation for future growth. This reduction demonstrates our commitment to financial responsibility and long-term value for our shareholders and our acquisition plans for 2025.
Mr. Mederos, CEO, stated "Our recent acquisition of SOFLO Wholesaler Group and the common share authorized reduction will significantly strengthen our 2024 year-end financials, boosting market confidence and shareholder value. We believe the company is currently undervalued, compared to other public companies in the tobacco industry and that the 2025 restructuring and acquisition plans will increase shareholder value and position the company appropriately for 2025 and beyond.
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 Innovations, Inc.
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