$GRLF Green Leaf Innovations, Inc. Achieves Over 2,200% Revenue Growth Year-Over-Year
Company Eliminates Debt, Avoiding a 950 Million Share Dilution.
PEMBROKE PINES, FL / ACCESSWIRE / November 18, 2024 / Green Leaf Innovations, Inc. (OTC PINK:GRLF), a Florida-based emerging growth company specializing in the marketing and distribution of premium handmade cigars, is thrilled to announce its highest quarterly revenue in company history, fueled by the successful acquisition of SOFLO Wholesaler Group, Inc. This milestone highlights Green Leaf's commitment to strategic expansion and shareholder value.
For Q3 2024, Green Leaf Innovations reports consolidated revenues of over $1.1 million, representing an extraordinary 2,200% year over year. This transformational growth is a direct result of integrating SOFLO's robust distribution network and premium cigar product portfolio, showcasing the company's ability to execute and scale effectively.
Beyond its remarkable revenue performance, Green Leaf Innovations has taken significant steps to strengthen its financial foundation. The company successfully eliminated several convertible notes from its balance sheet, notes that could have potentially converted into over 950 million shares. These proactive measures reflect Green Leaf's dedication to protecting its shareholders and preserving its capital structure.
"The acquisition of SOFLO Wholesaler Group, Inc. has not only redefined our financial trajectory but also reinforced our commitment to delivering shareholder value," said Roberto Mederos, CEO of Green Leaf Innovations, Inc. "Achieving over 2,200% year-over-year revenue growth is a testament to our team's strategic vision and execution, as well as the enduring demand for premium cigars in the marketplace."
Green Leaf Innovations continues to expand its footprint across domestic and international markets, serving a growing customer base that includes cigar lounges, smoke shops, and duty-free retailers. The company remains focused on scaling operations, driving profitability, and sustaining long-term growth.
About Green Leaf Innovations, Inc.
Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars. The company strategically imports and exclusively distributes some of the best known premium cigar brands in the Market created by the Mederos family a Third generation Cigar maker with Robert Mederos at the helm who has owned and operated handmade cigar operation in Nicaragua and the US for over 20 years with a rich family history in the craft dating back to the 1800s Cuba, brands such as CUBANACAN, MEDEROS and TABACALERA SERRANO. In addition to it the company also distributes packaged whole leaf Tobacco to cigar lounges, smoke shops, C-stores and vape shops across the United States and soon International Markets.
Additional information can be found on our websites http://www.greenleafinnovation.com or follow us on Twitter @otcgrlf.
For more information, press only:
Phone number: (800) 303-6268
Email: info@greenleafinnovation.com
Company Eliminates Debt, Avoiding a 950 Million Share Dilution.
PEMBROKE PINES, FL / ACCESSWIRE / November 18, 2024 / Green Leaf Innovations, Inc. (OTC PINK:GRLF), a Florida-based emerging growth company specializing in the marketing and distribution of premium handmade cigars, is thrilled to announce its highest quarterly revenue in company history, fueled by the successful acquisition of SOFLO Wholesaler Group, Inc. This milestone highlights Green Leaf's commitment to strategic expansion and shareholder value.
For Q3 2024, Green Leaf Innovations reports consolidated revenues of over $1.1 million, representing an extraordinary 2,200% year over year. This transformational growth is a direct result of integrating SOFLO's robust distribution network and premium cigar product portfolio, showcasing the company's ability to execute and scale effectively.
Beyond its remarkable revenue performance, Green Leaf Innovations has taken significant steps to strengthen its financial foundation. The company successfully eliminated several convertible notes from its balance sheet, notes that could have potentially converted into over 950 million shares. These proactive measures reflect Green Leaf's dedication to protecting its shareholders and preserving its capital structure.
"The acquisition of SOFLO Wholesaler Group, Inc. has not only redefined our financial trajectory but also reinforced our commitment to delivering shareholder value," said Roberto Mederos, CEO of Green Leaf Innovations, Inc. "Achieving over 2,200% year-over-year revenue growth is a testament to our team's strategic vision and execution, as well as the enduring demand for premium cigars in the marketplace."
Green Leaf Innovations continues to expand its footprint across domestic and international markets, serving a growing customer base that includes cigar lounges, smoke shops, and duty-free retailers. The company remains focused on scaling operations, driving profitability, and sustaining long-term growth.
About Green Leaf Innovations, Inc.
Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars. The company strategically imports and exclusively distributes some of the best known premium cigar brands in the Market created by the Mederos family a Third generation Cigar maker with Robert Mederos at the helm who has owned and operated handmade cigar operation in Nicaragua and the US for over 20 years with a rich family history in the craft dating back to the 1800s Cuba, brands such as CUBANACAN, MEDEROS and TABACALERA SERRANO. In addition to it the company also distributes packaged whole leaf Tobacco to cigar lounges, smoke shops, C-stores and vape shops across the United States and soon International Markets.
Additional information can be found on our websites http://www.greenleafinnovation.com or follow us on Twitter @otcgrlf.
For more information, press only:
Phone number: (800) 303-6268
Email: info@greenleafinnovation.com
