PEMBROKE PINES, FL / ACCESSWIRE / December 19, 2024 / Green Leaf Innovations, Inc. (OTC PINK:GRLF), a Florida-based company specializing in the marketing and distribution of premium handmade cigars, today announced the successful approval by the State of Florida of a significant reduction in its authorized shares. This reduction, effective immediately, lowers the authorized common shares from 60 billion to 20 billion.
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This strategic capital reduction is a key component of GRLF's 2025 restructuring plan, significantly enhances the company's financial flexibility and positions it for accelerated growth. The move addresses existing debt obligations, improves liquidity, and facilitates the execution of key acquisition plans. Crucially, this reduction supports the company's 2025 financial plan which will incorporate potentially a stock buyback plan by Q2 2025, further demonstrating our commitment to financial responsibility and maximizing long-term shareholder value.
"This authorized share reduction is a decisive step forward in strengthening GRLF's financial foundation for long-term success," stated CEO Roberto Mederos. "By streamlining our capital structure and proactively managing our debt, we are creating the ideal platform to capitalize on the significant opportunities emerging in the premium cigar market. The recent SOFLO Wholesaler Group acquisition, combined with this share reduction, demonstrates our commitment to maximizing shareholder value and positioning GRLF for substantial growth in 2025 and beyond."
GRLF anticipates the streamlined capital structure will foster greater market confidence and enhance its ability to execute on its 2025 strategic objectives. A detailed update on the company's 2025 restructuring plan and acquisition strategy will be forthcoming in a dedicated investor presentation scheduled for end of Q1 2025.
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
800-303-6268
SOURCE: Green Leaf Innovations, Inc.
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