SEATTLE, WA / ACCESSWIRE / February 24, 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 Mystic Ranch Development Co., LLC.
The acquisition includes all assets including land, intellectual property, and 100% equity in the business. Following the acquisition, Mystic Ranch Development Co., LLC will be reclassified as a subsidiary corporation under GRN Holding Corporation.
Mystic Ranch Development Co., LLC, located in Tonasket, Washington is a first-class craft cultivation center that houses recreational cannabis farms. It includes many unique and distinguished characteristics such as rich, soft soil, unencumbered sunlight from early morning through late evening, and year-round water, all of which makes the ultimate greenhouse/outdoor cultivation space.
"We're excited to add a top-notch cultivation center to the Company's portfolio," said GRN Holding Corporation CEO Justin Costello. He added, "The addition will help round out our already robust acquisitions in the hemp and cannabis industry."
About GRN Holding Corporation
GRN Holding Corporation (OTC Pink:GRNF) is a Nevada registered publicly-traded company.
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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