GRN Holding Corporation Continues To Execute Business Plan With Acquisition Of California Corporation With Multiple Cannabis Licenses
GRN Holding Corporation (OTC Pink: GRNF) has successfully acquired Mendocino Green Inc, which brings with it cultivation, nursery, and distribution licenses from California's cannabis industry. This acquisition marks a significant step in eliminating the shell status of the company, which is vital for their planned corporate restructuring, as noted in their supplemental report filed with OTC Markets.
CEO Donald Steinberg emphasized that this move enhances GRN's presence in the cannabis market and supports the launch of their retail division, VivaBuds, in Los Angeles. The acquisition will also facilitate GRN's ability to develop and distribute 17 Landrace strains, essential for cannabis cultivators. Mendocino’s existing distribution capabilities are expected to streamline GRN's growth and accessibility in the market.
- Acquisition of Mendocino Green Inc enhances GRN's market presence in California's cannabis industry.
- The purchase includes vital licenses: cultivation, nursery, and distribution facilitating operational expansion.
- Supports the launch of VivaBuds in Los Angeles, the largest marijuana market, potentially increasing revenue streams.
- Collaboration with Mendocino Green Inc provides access to established distribution channels and low-cost cannabis sources.
- None.
ESTERO, Fla., April 20, 2023 (GLOBE NEWSWIRE) -- GRN Holding Corporation, Inc. (OTC Pink: GRNF) is pleased to announce that they have completed the purchase of Mendocino Green Inc, which includes a cultivation license, nursery license and distribution license from one of the oldest cannabis license holders in California.
With the consummation of this acquisition, the Company filed a supplemental report with OTC Markets to remove the shell status symbol from the OTC Markets webpage. The removal of this designation will take the Company one step closer to its previously announced plans for Corporate Restructuring. Click here to learn more: GRN Holding Corporation Signs Letter of Intent for Corporate Restructuring and GRN Holding Corporation Announces Name Change to Marijuana Inc.
Donald Steinberg, the Company’s CEO, commented “This acquisition of Mendocino Green Inc, which includes cultivation, nursery, and distribution license for California, allows us to expand our footprint in the Cannabis market. This purchase directly impacts the success of the VivaBuds launch in Los Angeles.”
(a)Cultivation License (County License # AG 2017_0013 and State License # CCL18-0002341);
(b)Nursery License (County License # AG 2017_0014 and State License # CCL20-0000886);
(c)Distribution License (State License # C11-0000553-LIC)
With the nursery, GRN Holding can support the development of the 17 Landrace strains which their consultants at One World Legends are currently growing in Colombia. This will allow them to supply cannabis cultivators with Landrace tissue cultures that are sometimes very hard to obtain.
Frank Van Vranken of Mendocino Greens Inc. said, “The opportunity to be part of GRN Holding Corporation opens pathways for growth we did not have before. The distribution channels available through GRNF, tied in with our ability to source good quality, low priced Cannabis from the scores of Cannabis farmers we currently work with, will have a great impact on the distribution part of this agreement.”
About GRN Holding Corporation (GRNF)
GRN Holding Corporation is a publicly quoted company that is involved in the global distribution and sale of Marijuana in states and countries where legal to do so. The Company has set into motion collaborations with Marijuana farmers to distribute high grade, low-cost Marijuana to legal consumers, wholesalers and retailers. With their "Tell A Friend" model, GRN Holding is setting up for Farmer to Consumer distribution. GRN Holding is led by people who put the first publicly traded marijuana company on a US stock market, Medical Marijuana Inc. The team includes noteworthy cannabis pioneers and successful leaders in the public cannabis market.
About VivaBuds: This is the retail marketing division of Marijuana Inc, focused on a launch in Los Angeles, the largest marijuana market in the world. This program uses the “Tell A Friend” marketing approach of GRN Holding to break thru established and traditional supply lines by going direct from farm to consumer. Their first objective is to partner with fully compliant retail delivery and distribution license holders in California to provide Viva Buds to the retail market. Marijuana Inc is completing the affiliate marketing software for VivaBuds as well as finalizing license agreements with 2 locations in the L.A. area. www.vivabuds.com
About One World Legends (OWL): This is a consulting company to GRN Holding and the global distribution division of Marijuana Inc. Thru their licensed grow and export partners they bring a Marijuana World Tour to their customers offering genetics from Southeast Asia, the Middle East, Africa, Jamaica, Mexico, Colombia, Hawaii, Panama, and the United States. Since they grow their cannabis genetics in a laboratory with tissue culture, they can fulfill orders for identical THC product’s weekly, monthly, yearly, and for decades with the same genetic characteristics. Because the genetics are also landrace strains, the tissue culture process also serves as protection for their genetic collection. They are currently growing tissue culture in Colombia of 25 strains as part of their global launch. One World Legends has more than a dozen Letters of Intent agreements from Colombian cannabis farms to distribute their THC flower and products worldwide. The Letters of Intent (LOI) are representative of OWL’s commitment to arrange large volume cannabis export, and for the Licensed farms to inform the government of the intended quota in order to legally grow and export from Colombia. www.oneworldlegends.com
Safe Harbor Statement
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
Corporate Contact:
GRN Holding Corporation
Physical Address:
23150 Fashion Drive
STE 231
Estero, FL 33928
USA
877-339-1155
info@marijuanainc.com
www.marijuanainc.com
FAQ
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