GRN Holding Corporation Completes Due Diligence Relating to Acquisition of Soulshine CBD
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GRN Holding Corporation Completes Due Diligence Relating to Acquisition of Soulshine CBD

Friday, February 21, 2020 12:45 PM
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Company Update,Mergers and Acquisitions

SEATTLE, WA / ACCESSWIRE / February 21, 2020 / GRN Holding Corporation (OTC Pink:GRNF, the "Company"), announced today that the Company has completed its due diligence in connection with the acquisition of Soulshine CBD, Inc.

Under terms of the agreement, GRN Holding Corporation will acquire all Soulshine CBD assets, inventory, licenses, intellectual property, and 100% equity in the business.

Soulshine CBD, Inc. (https://soulshinecbd.com) is located in Renton, Washington and is a CBD wholesale and processing company. It white labels CBD-based products for retailers, wholesalers, and brand-based companies. Soulshine CBD is licensed under the Washington State Department of Agriculture as a processor/marketer. The company has customers in five states and anticipates expansion throughout the United States. Its products include gel tabs, creams, salves, tinctures, pet products, sports products, flower, and pre-rolls.

"This is an exciting and important acquisition that will enable the Company to leverage the white-label process to expand to new and growing markets throughout the country," said GRN Holding Corporation CEO Justin Costello.

About GRN Holding Corporation

GRN Holding Corporation (OTC Pink:GRNF) is a Nevada registered publicly-traded company.

For more information, please contact:

Deborah Pace
[email protected]

Forward-looking Statements

This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate," "seek," intend," "believe," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-k, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

SOURCE: GRN Holding Corporation

GRN Holding Corporation
Exchange:
Ticker:
OTC PINK
GRNF
$0.18
-2.4194
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