GREEN STREAM HOLDINGS ELIMINATES CONVERTIBLE DEBT

Rhea-AI Summary

Green Stream Holdings Inc. (OTC PINK: GSFI) has announced the settlement of a significant Convertible Promissory Note valued at $69,676.20 with Geneva Roth, marking a step towards the elimination of all convertible debt. Following this settlement, the company no longer has obligations to issue securities related to this debt. Green Stream is actively involved in the solar energy market, focusing on high-growth segments and targeting installation of solar panels on 50,000 to 100,000 square feet of rooftop space in New York City.

Positive

• Elimination of a $69,676.20 Convertible Promissory Note enhances financial stability.
• Targeting significant rooftop solar installations in New York City indicates growth potential.

Negative

• None.

The Company is progressing in its efforts towards eliminating all convertible debt (debt that may be converted into common stock)

NEW YORK, NY, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Green Stream Holdings Inc. (OTC PINK: GSFI) (the “Company") (https://greensolarutility.com), an emerging participant in the solar utility and finance space,  announced today it has eliminated another debt and related holder rights as it is progressing towards eliminating convertible note debt over the coming months.

The Company confirmed that the Convertible Promissory Note of Green Stream Holdings Inc. in favor of Geneva Roth, the “Holder,” in the amount of $69,676.20 has been settled, repaid. Accordingly, the parties have no further rights or obligations as to each other as to such debt, and the Company will have no obligations to issue securities to Geneva Roth as to such debt.

About Green Stream Finance, Inc.

Green Stream Finance, Inc., a solar utility and finance company with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada. The Company's next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery solutions. The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. The Company is dedicated to becoming a major player in this critical space. Through its innovative solar product solutions and intended industry partnerships, the Company is well-positioned to seek to become a significant player in the solar space.

Forward-Looking Statements:

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Green Stream Finance, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.

For All Inquiries Contact:

+1 (424) 280-4096

president@greenstreamfinance.com

Website: greensolarutility.com

Phone number: (646) 669-7007

SOURCE: Green Stream Holdings Inc.

FAQ

What recent financial move did Green Stream Holdings Inc. (GSFI) make?

Green Stream Holdings Inc. eliminated a Convertible Promissory Note worth $69,676.20, improving its financial position.

How is Green Stream Holdings Inc. (GSFI) progressing in the solar market?

The company is targeting 50,000 to 100,000 square feet for solar panel installations in New York City.

What is the significance of the debt elimination for Green Stream Holdings Inc. (GSFI)?

Eliminating convertible debt reduces long-term liabilities and enhances the company's financial health.