Green Stream Holdings Inc (GSFI) Settles Last Convertible Promissory Note With Holder

Rhea-AI Summary

Green Stream Holdings Inc. (OTC PINK: GSFI) has announced the repayment of its second and final Convertible Promissory Note to Diagonal Lending LLC, totaling $43,851.88, fully extinguishing the debt. This settlement means the company will have no further obligations to issue securities to Diagonal Lending LLC. Previously, on August 30, 2022, GSFI repaid another note of $50,300. The company focuses on the solar utility market, expanding its operations and partnerships in California, Nevada, and New York, targeting significant growth opportunities in solar energy.

Positive

• The company fully repaid a Convertible Promissory Note of $43,851.88, eliminating debt obligations.
• Previously repaid another note of $50,300, reducing overall debt burdens.
• The company is targeting high-growth solar market segments and expanding its operations in New York City.

Negative

• None.

Company Will No Longer Have Any Obligations To Issue Securities To The Holder, Diagonal Lending LLC f/k/a Sixth Street Lending, LLC; Company Repaid Another & Last Existing Note In Favor Of 1800 Diagonal Lending LLC F/K/A Sixth Street Lending, LLC, For $43.8k+; Company Had Previously Announced That The Company Repaid $50.3k Note In Favor Of 1800 Diagonal Lending LLC F/K/A Sixth Street Lending, LLC On August 30th, 2022

NEW YORK, NY, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Green Stream Holdings Inc. (OTC PINK: GSFI) ("the Company") (https://greensolarutility.com), an emerging leader in the solar utility and finance space, recently announced that it has settled and repaid a second and final Convertible Promissory Note in favor of 1800 Diagonal Lending LLC f/k/a Sixth Street Lending, LLC dated May 22, 2022 through payment in full of $43,851,88 fully extinguishing such note.

On November 1, 2022, the Company filed an 8-K that said: “The Company on October 31, 2022 prepaid its Convertible Promissory Note in favor of 1800 Diagonal Lending LLC f/k/a Sixth Street Lending, LLC dated May 2, 2022 through payment in full of $43,851,88 totally extinguishing such note.”

Accordingly, the parties have no further rights or obligations as to each other as to such debt, and the Registrant will have no obligations to issue securities to Diagonal Lending LLC f/k/a Sixth Street Lending, LLC 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 products. 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. Green Stream is looking to forge key partnership with major investment groups, brokers, and private investors in order to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is dedicated to becoming a major player in this critical space. Through its innovative solar product offerings and industry partnerships, the Company is well-positioned 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:
president@greenstreamfinance.com 

Website: greensolarutility.com

SOURCE: Green Stream Holdings Inc.

FAQ

What debt did Green Stream Holdings repay?

Green Stream Holdings repaid its second and final Convertible Promissory Note of $43,851.88 to Diagonal Lending LLC.

What was the amount of the first note repaid by Green Stream Holdings?

The amount of the first note repaid by Green Stream Holdings was $50,300.

Does Green Stream Holdings have future obligations to issue securities to Diagonal Lending LLC?

No, Green Stream Holdings has no further obligations to issue securities to Diagonal Lending LLC after settling the debt.

What markets is Green Stream Holdings targeting for growth?

Green Stream Holdings is targeting high-growth solar market segments, particularly in New York City.