GRN Holdings Corporation, Inc. (OTC: GRNF) Announces Name Change to Marijuana Inc., New Management and Business Model
GRN Holdings Corporation (OTC Pink: GRNF) announced significant changes including a management shift, a corporate name change to Marijuana Inc., and a new focus on global marijuana distribution. CEO Donald Steinberg aims to leverage his experience from Medical Marijuana Inc. to drive growth. The company has introduced two divisions: VivaBuds, a retail model in Los Angeles, and One World Legends, focusing on cannabis exports from Colombia. A planned 20:1 reverse stock split is in progress to enhance attractiveness to investors.
- Appointment of Donald Steinberg as CEO, bringing extensive industry experience.
- Introduction of two new divisions focused on retail and global distribution.
- The name change aligns the company with its new business model.
- The 20:1 reverse stock split may indicate underlying financial challenges.
- Prior management's resignation could lead to uncertainty in company direction.
ESTERO, Fla., Aug. 05, 2022 (GLOBE NEWSWIRE) -- GRN Holdings Corporation, Inc. (OTC Pink: GRNF) announces a change in management, its business model and a corporate restructuring. One of the first steps in support of the Company’s new direction will be to file amended articles with the Secretary of State of Delaware and a related FINRA corporate action to change the Company’s name to Marijuana Inc. In addition to changing the Company’s corporate name to Marijuana Inc., the Company announces the appointment of a new Chief Executive Officer, Donald Steinberg, who is focused on implementing a new business model based on Retail and Global Marijuana Distribution.
Donald Steinberg, the Company’s director, commented, “In 2009 I saw the change taking place in the widespread acceptance of Marijuana in the US. I then founded Medical Marijuana Inc. (MJNA), which at the time was the first public company in the Marijuana Industry to have a primary listing on a U.S. stock market. We see now that countries worldwide are going through different stages of decriminalization including the beginnings of legal import and export.”
Mr. Steinberg continued, “The name change to Marijuana, Inc. is fundamental to the Company’s shift from an acquisition company to a company focused on the legal global distribution of Marijuana. I look forward to participating in the enormous change taking place on a global scale regarding Marijuana.”
Marijuana Inc. has two new divisions. The first is VivaBuds, which is established as a retail model starting in Los Angeles, the largest marijuana market in the world. This program uses a “Tell A Friend” marketing approach to break thru established and traditional supply lines by going direct from farm to consumer.
The second is One World Legends, with a focus on Colombia and the preparations for export from there. Donald Steinberg stated, “Rocky Petrullo is a great partner with a deep background in this industry.”
Rocky Petrullo, President of One World Legends “OWL” says, “Global Distribution of Marijuana is in the early stages and we are structuring the company to meet the demand. After completing several trips to Colombia which consisted of establishing partnerships with licensed farms and industry leaders, I affirmed that the cannabis industry in Colombia is ready to grow high quality, large volume, cannabis flower. I have also traveled to Spain and Amsterdam to get a healthy understanding of the European market where we are aiming for importation from Colombia.
OWL believes some of the legendary herb strains that are known to enhance health of the mind, body, and spirit are “Colombian” landrace strains, which includes legendary strains such as Colombian Gold, Colombian Punta Rojo, and Mango Biche. OWL will distribute the Colombian strains, as well as landrace strains such as Durban Poison, and Afghan Kush from Colombia to legal customers. The term “landrace” is used in reference to the limited number of surviving cannabis strains which evolved naturally in the geographic region in which they were discovered by human beings in the 20th century. Landrace strains represent the original cannabis strains and are therefore the origins of all modern cannabis strains across the world.
“I have worked hard to find the landrace strains from different parts of the world and have secured seeds for grows in Colombia. I am passionate about the quality of Colombian grow coupled with the seeds of old. This is our niche and I believe it will be invaluable to the preservation of cannabis history and enjoyment of the plant,” Stated Rocky Petrullo.
New Corporate and Operations Website
We are excited to announce that we have launched a new website www.marijuanainc.com , as part of the overall refocus of the Company. We encourage our customers and shareholders to visit the website regularly for updates and helpful information on our company and products. This is a beta version of the website that will be updated further in the coming weeks. We also encourage people to visit our retail website at www.vivabuds.com.
Corporate Actions & Other Changes
The Company’s operations are heading in a new direction. The name and symbol change will help to better align the Company with its new business model. The Company has recently filed a 20:1 reverse split with FINRA. This corporate action has not yet been approved but the Company expects it to be effective soon. The reserve split may help make our Company more attractive to institutional investors, ensure the Company maintains the criteria for an uplisting to OTCQB, as well as make the stock more attractive for mergers and acquisitions.
With the appointment of Donald Steinberg as CEO and Director, the Company’s former CEO, has resigned from the Company’s board of directors, leaving Donald Steinberg as the Company’s sole director.
About Donald Steinberg
Don has decades of involvement in the Marijuana Industry, going back to the 70’s when he was noted as the largest importer of Marijuana into the U.S. While in Marijuana “college” he studied stock options and wrote option volatility programs that he implemented on all of the option exchanges in the U.S.
After that and seeing the large use of phone cards in Europe, he founded GlobalCom2000 which became a premier phone card company in the U.S. namely with the 7-11 card, the 1st card in the U.S. with a corporate logo and distribution in hundreds of 7-11 stores. He then went on to create One World Communications, which became the largest telecom affiliate marketing company in the world with 187 offices and training centers in over 30 countries and 200,000 affiliates. After One World Communications, he created Club Vivanet to provide financial services. In 2009, he formed Medical Marijuana Inc. (OTC: MJNA), which was the 1st company to be on a U.S. stock market. After building the market cap of Medical Marijuana Inc. to a market cap of nearly
About GRN Holdings Corporation (GRNF)
GRN Holding Corporation is a publicly quoted shell 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 in states where legal to do so. GRN Holding is led by people who put the first publicly traded marijuana company on the US stock market Medical Marijuana Inc. The team includes noteworthy cannabis pioneers and successful leaders in the public cannabis market.
For more information, email info@marijuanainc.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:
Marijuana, Inc.
Physical Address:
23150 Fashion Drive
STE 231
Estero, FL 33928
USA
Mailing Address:
21301 S Tamiami Tri,
STE 320. PMB 177
Estero, FL 33928
USA
Phone: +1 877-339-1155
Email: info@marijuanainc.com
FAQ
What is the new name of GRN Holdings Corporation?
Who is the new CEO of GRNF?
What is the focus of Marijuana Inc. under the new management?
When will the 20:1 reverse stock split for GRNF take effect?
What are the new divisions introduced by Marijuana Inc.?
