Global Green Solutions, Inc. (GGRN) Achieves Pink Status

Rhea-AI Summary

Global Green Solutions (OTC PINK: GGRN) announced achieving Pink Current status on OTC Markets as of November 17, 2021, following a year-long review process. CEO Ryan Messer, appointed in April 2021, is focused on enhancing the company’s profitability in the cannabis sector and has identified acquisition opportunities. Messer's leadership comes with 25 years of executive experience, including prior roles in the energy sector. The company intends to remove its shell status and disclose asset acquisitions soon, with no reverse stock split planned.

Positive

• Achieved Pink Current status, improving transparency and credibility.
• CEO Ryan Messer has extensive executive experience, aiding strategic growth.
• Identified niche opportunities in the cannabis supply chain, enhancing growth prospects.

Negative

• None.

Los Angeles, CA, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Global Green Solutions,‌ ‌Inc.‌ ‌ (OTC‌ ‌PINK:‌ ‌GGRN)‌ proudly announces that as of Wednesday the 17^th of November 2021 the company achieved Pink Current status on OTC Markets. Management spent well over a year working with the OTC Markets Group by providing the information necessary for the in-depth review of GGRN’s disclosures.

The management team, led by recently appointed CEO, Ryan Messer, has been working tirelessly over this past year building a comprehensive strategy as well as identifying several acquisition opportunities for the company. As previously announced, Ryan Messer was appointed CEO as of April 20^th, 2021, to lead the company into developing a scalable infrastructure that will enhance the profitability of the company within the cannabis sector. Mr. Messer has 25 years of executive level experience, of which 10 years were spent as COO and Executive Director of a publicly traded company in the energy sector.

Mr. Messer has made significant investments in the wholesale cannabis distribution in the California market. Through his investments, he and his team discovered an underdeveloped niche in the cannabis supply chain which will be at the core of GGRN’s asset development. To properly align with the objectives of the company, Mr. Messer was transferred the Special 2019 Series A Preferred Stock from AKBB Holdings, LLC to R-Squared Management, LLC.

Mr. Ryan Messer, CEO, states, “We are pleased to finally move forward with Global Green Solutions, Inc. as a Pink Current company. In the coming weeks, we will be working to have the shell status removed and add more detail regarding our upcoming asset acquisitions.  I also want to thank our team for their exemplary efforts in the two-year process to bring GGRN Pink Current. Last, but not least, I want to reiterate to our shareholders that no reverse split is planned.”

About Global Green Solutions, Inc.

Global Green Solutions Inc. is a diversified cannabis holding company. Through its ownership of California state cannabis licenses and strategic partnerships, the Company's growth plan is to not only expand its business revenues but also growth through acquisitions of complementary businesses in the cannabis sector.

Contact Information:

GGRN Shareholder/Investor inquiries can be directed to:

Global Green Solutions, Inc.
949-239-1050
ir@ggrn.io

Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.

SOURCE: Global Green Solutions, Inc.

FAQ

What does Pink Current status mean for GGRN?

Pink Current status indicates improved transparency and compliance with OTC Markets' disclosure requirements, which can enhance investor confidence.

Who is Ryan Messer and what is his role at GGRN?

Ryan Messer is the CEO of Global Green Solutions, appointed in April 2021, focusing on the company’s growth and strategic direction in the cannabis sector.

What are Global Green Solutions' plans after achieving Pink Current status?

The company plans to remove its shell status and provide details regarding upcoming asset acquisitions.

Is there a reverse stock split planned for GGRN?

No reverse stock split is planned according to CEO Ryan Messer.

What is the focus of Global Green Solutions in the cannabis sector?

The company aims to enhance profitability and growth through acquisitions and investments in cannabis distribution.