Green Leaf Innovations, Inc. Achieves Over 2,200% Revenue Growth Year-Over-Year
Green Leaf Innovations (GRLF) reports record Q3 2024 consolidated revenues of $1.1 million, marking a 2,200% year-over-year growth. This exceptional performance is attributed to the successful integration of SOFLO Wholesaler Group, which enhanced the company's distribution network and premium cigar portfolio. The company has also eliminated convertible notes that could have resulted in over 950 million share dilution. Green Leaf continues to expand its presence in domestic and international markets, serving cigar lounges, smoke shops, and duty-free retailers.
Green Leaf Innovations (GRLF) riporta ricavi consolidati record per il terzo trimestre del 2024 pari a 1,1 milioni di dollari, segnando una crescita del 2.200% rispetto all’anno precedente. Questa performance eccezionale è attribuita all'integrazione riuscita del SOFLO Wholesaler Group, che ha migliorato la rete di distribuzione e il portafoglio di sigari premium dell'azienda. L'azienda ha anche eliminato note convertibili che avrebbero potuto portare a una diluizione di oltre 950 milioni di azioni. Green Leaf continua a espandere la propria presenza nei mercati nazionali e internazionali, servendo lounge di sigari, negozi di tabacco e rivenditori duty-free.
Green Leaf Innovations (GRLF) informa sobre ingresos consolidados récord de $1.1 millones en el tercer trimestre de 2024, marcando un crecimiento del 2,200% en comparación con el año anterior. Este rendimiento excepcional se atribuye a la exitosa integración del SOFLO Wholesaler Group, que mejoró la red de distribución de la empresa y su cartera de puros premium. La empresa también ha eliminado notas convertibles que podrían haber resultado en una dilución de más de 950 millones de acciones. Green Leaf sigue expandiendo su presencia en mercados nacionales e internacionales, atendiendo salones de puros, tiendas de tabaco y minoristas libres de impuestos.
그린 리프 이노베이션스 (GRLF)는 2024년 3분기 매출이 110만 달러에 달하며 전년 대비 2,200% 성장했다고 보고했습니다. 이 뛰어난 성과는 SOFLO 도매업체 그룹의 성공적인 통합에 기인하며, 이는 회사의 유통망과 프리미엄 시가 포트폴리오를 강화했습니다. 회사는 또한 9억 5천만 주의 희석을 초래할 수 있었던 전환사채를 제거했습니다. 그린 리프는 시가 라운지, 담배 가게 및 면세 소매점을 대상으로 국내 및 국제 시장에서의 존재감을 계속해서 확장하고 있습니다.
Green Leaf Innovations (GRLF) annonce des revenus consolidés record de 1,1 million de dollars pour le troisième trimestre 2024, marquant une croissance de 2 200 % par rapport à l'année précédente. Cette performance exceptionnelle est attribuée à l'intégration réussie du SOFLO Wholesaler Group, qui a amélioré le réseau de distribution et le portefeuille de cigares premium de l'entreprise. L'entreprise a également éliminé des billets convertibles qui auraient pu entraîner une dilution de plus de 950 millions d'actions. Green Leaf continue d'étendre sa présence sur les marchés nationaux et internationaux, en servant des salons de cigares, des boutiques de tabac et des détaillants hors taxes.
Green Leaf Innovations (GRLF) berichtet von Rekordumsätzen von 1,1 Millionen Dollar im dritten Quartal 2024, was ein Wachstum von 2.200% im Vergleich zum Vorjahr darstellt. Diese außergewöhnliche Leistung wird der erfolgreichen Integration der SOFLO Wholesaler Group zugeschrieben, die das Vertriebsnetz und das Premium-Zigarrenportfolio des Unternehmens verbessert hat. Das Unternehmen hat auch wandelbare Schuldscheine eliminiert, die zu einer Verwässerung von über 950 Millionen Aktien geführt hätten. Green Leaf setzt seine Expansion auf nationalen und internationalen Märkten fort und bedient Zigarren-Lounges, Tabakgeschäfte und Duty-Free-Händler.
- Record quarterly revenue of $1.1 million in Q3 2024
- Extraordinary 2,200% year-over-year revenue growth
- Successful elimination of convertible notes, preventing 950 million share dilution
- Successful integration of SOFLO Wholesaler Group acquisition
- None.
Company Eliminates Debt, Avoiding a 950 Million Share Dilution.
PEMBROKE PINES, FL / ACCESSWIRE / November 18, 2024 / Green Leaf Innovations, Inc. (OTC PINK:GRLF), a Florida-based emerging growth company specializing in the marketing and distribution of premium handmade cigars, is thrilled to announce its highest quarterly revenue in company history, fueled by the successful acquisition of SOFLO Wholesaler Group, Inc. This milestone highlights Green Leaf's commitment to strategic expansion and shareholder value.
For Q3 2024, Green Leaf Innovations reports consolidated revenues of over
Beyond its remarkable revenue performance, Green Leaf Innovations has taken significant steps to strengthen its financial foundation. The company successfully eliminated several convertible notes from its balance sheet, notes that could have potentially converted into over 950 million shares. These proactive measures reflect Green Leaf's dedication to protecting its shareholders and preserving its capital structure.
"The acquisition of SOFLO Wholesaler Group, Inc. has not only redefined our financial trajectory but also reinforced our commitment to delivering shareholder value," said Roberto Mederos, CEO of Green Leaf Innovations, Inc. "Achieving over 2,
Green Leaf Innovations continues to expand its footprint across domestic and international markets, serving a growing customer base that includes cigar lounges, smoke shops, and duty-free retailers. The company remains focused on scaling operations, driving profitability, and sustaining long-term growth.
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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