SEATTLE, WA / ACCESSWIRE / July 31, 2020 / GRN Holding Corporation (OTC PINK:GRNF), the "Company", announced today that the Company has entered into a binding letter of intent to acquire Microcap Advisors, LLC. This announcement follows the completion of due diligence earlier this year and will help to define the terms of a mutual definitive agreement to finalize the acquisition.
Microcap Advisors, LLC. (www.microcap-advisors.com), located in Los Angeles, California, is a professional services firm that assists companies in mezzanine finance, IPO services, reverse mergers, and capital structure. The firm has over 25 years of investment banking experience and is the go-to solution for both public and private dealmaking and structure. It anticipates opening new offices in Frankfurt, Germany and Vienna, Austria in 2020 to capture the explosive cannabis and hemp public plays expected in Europe. The acquisition will include all assets, inventory, licenses, intellectual property, and 100% equity in the business. Once the final agreement is complete, the company will be reclassified as a subsidiary corporation under GRN Holding Corporation.
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