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PEMBROKE PINES, FL / ACCESS Newswire / April 23, 2025 / Green Leaf Innovations, Inc. (OTCPK:GRLF), an emerging growth company specializing in the marketing and distribution of handmade premium cigars and packaged tobacco products, its first-quarter corporate update and a key Board resolution focused on enhancing shareholder value.
Corporate Update: Strong Growth Trajectory.
Green Leaf Innovations continues to build on the significant momentum achieved in 2024, primarily driven by the strategic acquisition of SOFLO Wholesaler Group, Inc. This acquisition has substantially strengthened the company's market position, resulting in record annual revenue in 2024.
The company's premium cigar products are now distributed to a diverse and expanding customer base exceeding 400 retail locations, including cigar lounges, smoke shops, convenience stores, and vape shops throughout the United States. Management remains strategically focused on expanding its distribution network to capture additional market share and maximize growth opportunities.
CEO Roberto Mederos has characterized 2024 as a foundation-building year with a clear strategy for aggressive expansion. Building on this strong foundation, Green Leaf Innovations projects continued revenue growth and improved operating efficiency throughout 2025.
Board Resolution: Commitment to Shareholder Value through Stock Buyback.
The Board of Directors has made a significant resolution regarding the company's capital strategy. Recognizing Green Leaf's robust growth potential and commitment to prudent financial stewardship, the Board has resolved not to pursue a reverse stock split at this time. Instead, as revenue continues to increase, the company will focus on implementing a stock buyback program, anticipated to launch as early as Q3 2025. This strategic initiative underscores the Board's confidence in the company's future performance and its dedication to maximizing long-term shareholder value.
Our consistent growth trajectory, coupled with our optimized capital structure, positions Green Leaf Innovations for sustained success," said Roberto Mederos, CEO. "The Board's decision to prioritize a stock buyback program rather than a reverse split reflects our strong belief in the company's intrinsic value and reinforces our unwavering commitment to delivering superior returns to our shareholders."
About Green Leaf Innovations, Inc.
Green Leaf Innovations, Inc. is a premier distributor of handmade premium cigars, including renowned brands such as MEDEROS, MAL.CRI.AO, COCOA (MGE Antalya) CUBANACAN and TABACALERA SERRANO and others. With a commitment to excellence, Green Leaf Innovations is dedicated to delivering the finest products to cigar enthusiasts across the United States. The company is proud to support legislative efforts that protect the integrity of the premium cigar industry.