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Solar Integrated Roofing Corp. (OTC:SIRC) announced a pivotal agreement with Granite Global Value Investments to convert a $14 million promissory note into equity. As part of this exchange, Granite will receive 4,000,000 shares of common stock in exchange for canceling the note issued in June 2022. This move aims to strengthen the company's balance sheet and enhance financial flexibility, as stated by CEO David Massey. The company is focusing on strategic growth and operational efficiency to maximize shareholder value. SIRC is recognized as a comprehensive provider of solar power, roofing, and EV charging systems across North America.
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