Golden Grail Technology (OTC: GOGY) announces reduction of authorized shares from 5 Billion to 500 Hundred Million

Rhea-AI Summary

Golden Grail Technology Corp (OTC: GOGY) announced a significant reduction in its authorized share count from 5 billion to 500 million. CEO Steven Hoffman emphasized that this move minimizes shareholder dilution while keeping sufficient shares in reserve. The company targets brands with proven sales and loyal consumers, actively acquiring within the beverage sector. Their product offerings include Spider Energy Drink, Trevi Fruit Essence Water, and more. Despite the reduction being viewed positively, the company remains cautious about future performance due to inherent uncertainties.

Positive

• Reduction of authorized shares from 5 billion to 500 million minimizes shareholder dilution.
• Focus on acquiring brands with proven sales and loyal consumer bases bolsters growth potential.

Negative

• Future performance remains uncertain due to economic and competitive factors.

WESTON, Fla., Sept. 23, 2022 /PRNewswire/ -- Golden Grail Technology Corp (OTC: GOGY) https://goldengrailbeverages.com/ The Company is pleased to announce that the company has filed to reduce its current authorized share count from 5 billion to 500 million.

"It is difficult to imagine a situation in which the Company would need to issue 5 billion shares. We believe this reduction leaves sufficient shares in reserve and serves to minimize dilution among our shareholders" said Steven Hoffman, CEO.

Golden Grail Technology (OTC: GOGY) www.GoldenGrailBeverages.com is a fast-growing company with a strategic mission to innovate, build and streamline the growth of its beverage portfolio through fiscally responsible investing. The company targets brands that have a proven sales history, loyal consumer following, retail presence and strong value proposition who need assistance to get to the next few levels. Golden Grail has been actively acquiring brands within emerging and growing beverage categories. Our robust product offerings include Spider Energy Drink, Trevi Fruit Essence Water, Tickle Water for kids, Sketch Can for Tweens, Cause Water & KOZ Water helping reduce global plastic pollution and Scorpion Energy Hemp/CBD. 

After an acquisition, the company utilizes a series of operational technologies to apply its business expertise, fiscal techniques and various manufacturing processes know-how to improve the economics and performance of each brand while advancing marketing and distribution for its beverage brands. The company's focus on sophisticated management and development of beverage brands, coupled with its rapidly growing and recognizable portfolio of healthy, functional beverages sets Golden Grail apart as a leader in acquiring and advancing existing beverage brands.

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Forward-Looking Statements:

This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.

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SOURCE Golden Grail Technology Corp

FAQ

What is the recent share count reduction for Golden Grail Technology (GOGY)?

Golden Grail Technology reduced its authorized share count from 5 billion to 500 million.

How does the share reduction impact GOGY shareholders?

The share reduction aims to minimize dilution among shareholders.

What is Golden Grail Technology's business focus?

Golden Grail Technology focuses on acquiring and developing beverage brands with proven sales and a loyal consumer following.

What types of products does Golden Grail Technology offer?

Golden Grail Technology offers products like Spider Energy Drink and Trevi Fruit Essence Water.

What should investors keep in mind about GOGY's future performance?

Investors should be cautious as future performance may be affected by various economic and competitive factors.