GRN Holdings Corporation, Inc. (OTC: GRNF) Provides Shareholder Update
GRN Holdings Corporation (OTC Pink: GRNF) announces an update on its operations, including the completion of a 2-year audit with Hudgens CPA to become a fully reporting company. A 1:20 reverse stock split was executed to enhance attractiveness for institutional investors and facilitate potential uplisting to OTCQB. The company aims to launch its VivaBuds retail division in Los Angeles by December 1, utilizing a direct-to-consumer model. Additionally, it is partnering with growers to promote landrace marijuana strains, emphasizing support for native growers and market demand.
- Completion of a 2-year audit to enhance transparency and shareholder value.
- 1:20 reverse stock split may attract institutional investors and assist in OTCQB uplisting.
- Launch of VivaBuds retail division expected by December 1.
- Partnership with growers to promote landrace marijuana strains.
- No specific financial metrics provided in the release to gauge immediate impact.
ESTERO, Fla., Nov. 15, 2022 (GLOBE NEWSWIRE) -- GRN Holdings Corporation, Inc. (OTC Pink: GRNF) is pleased to provide this update on Marijuana Inc.
Donald Steinberg, the Company’s CEO, commented, “We are completing the administrative tasks we have outlined in our previous Press Release. The last few months have given us the opportunity to solidify our relationship with our associates in the US and globally. We are completing our affiliate software for VivaBuds and are expected to be live by Dec 1.”
Audit: We are now completing a 2 year audit with a PCOAB registered CPA firm (Hudgens CPA). This starts the process to become a fully reporting company with the Securities and Exchange Commission in an effort to be fully transparent, provide reliable financial information and enhance shareholder value.
Reversal: The company has completed a 1:20 reverse split with FINRA. The reverse split may help make our company more attractive to institutional investors, ensure the company maintains the criteria for up listing to OTCQB, as well as make the stock more attractive for mergers and acquisitions. The effective date of this reversal is Nov 15, 2022.
VivaBuds: This is our retail marketing division 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. Our first objective is to partner with fully compliant retail delivery and distribution license holders in California to provide VivaBuds to the retail market. We are completing our affiliate marketing software as well as finalizing license agreements with 2 locations in the L.A. area.
One World Legends: Rocky Petrullo, consultant to Marijuana Inc and the President of One World Legends, is now growing landrace Marijuana in Colombia and Los Angeles. The product in Colombia is for export globally as countries permit whereas the Los Angeles landrace Marijuana is part of the product line of Viva Buds. 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.
It is the Company’s belief that the landrace strains will only increase in value and consumer desire. We look to be a leader in protection and production of landrace strains while simultaneously supporting the native countries and small growers from which these strains originate.
About GRN Holdings 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 the US stock market, Medical Marijuana Inc. MJNA The team includes noteworthy cannabis pioneers and successful leaders in the public cannabis market.
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
877-339-1155
FAQ
What is the latest update from GRN Holdings Corporation regarding the audit?
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