Green Leaf Innovations, Inc. Signs Letter of Intent to Acquire SOFLO Wholesaler Group, Inc., Expanding Market Presence
Green Leaf Innovations, Inc. (OTC PINK:GRLF) has signed a letter of intent to acquire SOFLO Wholesaler Group, Inc., a leading wholesale cigar distributor. SOFLO reported $2.3 million in revenues for 2023 and has assets exceeding $500,000. The acquisition aims to enhance Green Leaf's product offerings and market presence in the U.S. and international markets.
SOFLO, led by industry veteran Miguel Pinto, serves over 400 customers across various sectors, including cigar lounges, smoke shops, and duty-free shops. The company distributes the #1 rated cigars among the Top 30 in the industry. The transaction is expected to close in the coming weeks, subject to customary conditions.
Green Leaf Innovations, Inc. (OTC PINK:GRLF) ha firmato una lettera di intenti per acquisire SOFLO Wholesaler Group, Inc., un importante distributore all'ingrosso di sigari. SOFLO ha riportato 2,3 milioni di dollari di fatturato per il 2023 e dispone di attivi superiori a 500.000 dollari. L'acquisizione ha l'obiettivo di migliorare l'offerta di prodotti di Green Leaf e la sua presenza sul mercato negli Stati Uniti e a livello internazionale.
SOFLO, guidata dal veterano del settore Miguel Pinto, serve oltre 400 clienti in vari settori, tra cui lounge per sigari, negozi di fumo e negozi duty-free. L'azienda distribuisce i sigari con il punteggio più alto tra i primi 30 del settore. Si prevede che la transazione si concluda nelle prossime settimane, soggetta alle condizioni consuete.
Green Leaf Innovations, Inc. (OTC PINK:GRLF) ha firmado una carta de intención para adquirir SOFLO Wholesaler Group, Inc., un importante distribuidor mayorista de cigarros. SOFLO reportó 2,3 millones de dólares en ingresos para 2023 y cuenta con activos que superan los 500,000 dólares. La adquisición tiene como objetivo mejorar la oferta de productos de Green Leaf y su presencia en el mercado tanto en EE. UU. como a nivel internacional.
SOFLO, liderado por el veterano de la industria Miguel Pinto, atiende a más de 400 clientes en varios sectores, incluidos salones de cigarros, tiendas de humo y tiendas libres de impuestos. La compañía distribuye los cigarros mejor clasificados entre los 30 mejores de la industria. Se espera que la transacción se cierre en las próximas semanas, sujeta a las condiciones habituales.
Green Leaf Innovations, Inc. (OTC PINK:GRLF)가 주요 도매 시가 유통업체인 SOFLO Wholesaler Group, Inc. 인수 의향서를 체결하였습니다. SOFLO는 2023년에 230만 달러의 매출을 기록했으며 50만 달러 이상의 자산을 보유하고 있습니다. 이번 인수의 목표는 Green Leaf의 제품 라인업을 강화하고 미국 및 국제 시장에서의 입지를 확장하는 것입니다.
SOFLO는 업계 베테랑 미구엘 핀토가 이끌며, 다양한 분야에서 400명 이상의 고객을 제공합니다. 시가 라운지, 흡연 용품 상점 및 면세점 등. 이 회사는 업계 Top 30 중에서 #1로 평가받는 시가를 유통합니다. 거래는 통상적인 조건에 따라 오는 몇 주 내에 마무리될 것으로 예상됩니다.
Green Leaf Innovations, Inc. (OTC PINK:GRLF) a signé une lettre d'intention pour acquérir SOFLO Wholesaler Group, Inc., un distributeur majeur de cigares en gros. SOFLO a déclaré 2,3 millions de dollars de revenus pour 2023 et possède des actifs dépassant 500 000 dollars. L'acquisition vise à améliorer l'offre de produits de Green Leaf et sa présence sur le marché aux États-Unis et à l'international.
SOFLO, dirigé par le vétéran de l'industrie Miguel Pinto, sert plus de 400 clients à travers divers secteurs, y compris des salons de cigares, des boutiques de fumeurs et des magasins duty-free. L'entreprise distribue les cigares les mieux notés parmi les 30 meilleurs du secteur. La transaction devrait être conclue dans les prochaines semaines, sous réserve de conditions habituelles.
Green Leaf Innovations, Inc. (OTC PINK:GRLF) hat ein Absichtsschreiben unterzeichnet, um SOFLO Wholesaler Group, Inc., einen führenden Großhandels-Distributor für Zigarren, zu erwerben. SOFLO meldete 2,3 Millionen Dollar Umsatz für 2023 und verfügt über Vermögenswerte von über 500.000 Dollar. Ziel der Übernahme ist es, das Produktangebot von Green Leaf zu erweitern und die Marktpräsenz in den USA und international zu steigern.
SOFLO, geleitet von der Branchenlegende Miguel Pinto, bedient über 400 Kunden aus verschiedenen Sektoren, einschließlich Zigarrenlounges, Raucherläden und Duty-Free-Shops. Das Unternehmen vertreibt die am besten bewerteten Zigarren unter den Top 30 der Branche. Die Transaktion wird voraussichtlich in den kommenden Wochen abgeschlossen, vorbehaltlich der üblichen Bedingungen.
- Acquisition of SOFLO Wholesaler Group, Inc. to expand market presence
- SOFLO reported $2.3 million in revenues for 2023
- SOFLO has assets exceeding $500,000
- SOFLO serves over 400 customers across various sectors
- Acquisition expected to enhance product offerings and bolster presence in U.S. and international markets
- None.
PEMBROKE PINES, FL / ACCESSWIRE / August 22, 2024 / Green Leaf Innovations, Inc. (OTC PINK:GRLF), a Florida corporation and an emerging growth company engaged in the marketing and distribution of handmade premium cigars, is pleased to announce the signing of a letter of intent to acquire SOFLO Wholesaler Group, Inc., a leading wholesale cigar distributor.
SOFLO Wholesaler Group, Inc. has made significant strides in the cigar industry over the past four years, earning a reputation as the distributor of the #1 rated cigars among the Top 30 in the industry. Under the leadership of President Miguel Pinto, an industry veteran with over 20 years of experience, SOFLO has grown its market share to serve over 400 customers across various sectors, including cigar lounges, smoke shops, cigar distributors, C-stores, and duty-free shops.
In 2023, SOFLO reported revenues of
The acquisition of SOFLO Wholesaler Group, Inc. will significantly enhance Green Leaf Innovations' product offerings, which include premium cigars and cigar accessories, and will bolster its presence in the expanding U.S. and international markets.
Roberto Mederos, CEO of Green Leaf Innovations, Inc., commented, "This strategic acquisition marks a pivotal moment for our company as we continue to build on our commitment to delivering the finest cigars to our customers. With Miguel Pinto and the SOFLO team joining forces with Green Leaf, we are confident that this partnership will drive growth and value for our shareholders."
The transaction is expected to close in the coming weeks, subject to customary closing conditions.
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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