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Company Anticipates Significant Revenue Growth Following Benchmark Acquisition
PEMBROKE PINES, FL / ACCESSWIRE / September 30, 2024 / Green Leaf Innovations, Inc. (OTCPK:GRLF), a Florida corporation and an emerging growth company specializing in the marketing and distribution of handmade premium cigars, is excited to announce the successful completion of its acquisition of SOFLO Wholesaler Group, Inc.
This milestone represents a key benchmark for Green Leaf Innovations, positioning the company for significant growth over the coming year. The SOFLO acquisition adds substantial revenue and assets to Green Leaf Innovations. The product portfolio owned by SOFLO, along with their distribution channels will now be operating under Green Leaf Innovations, strengthening our presence in the premium cigar market both domestically and internationally. Some of the flagship brands manufactured and distributed by SOFLO include EL MAGO CIGARS, MAL.CRI.AO. and EL CUBANO CIGARS among other well established brands.
SOFLO Wholesaler Group, Inc., known for distributing the #1 rated cigars among the Top 30 in the industry. SOFLO serves over 400 locations across a variety of sectors including smoke shops, convenience stores, cigar lounges, vape stores, duty-free shops and cigar distributors. The acquisition reinforces Green Leaf Innovations' commitment to expanding its market presence and delivering high-quality products to cigar lounges, smoke shops, and international markets. In 2023, SOFLO reported revenues of $2.3 million with anticipated growth projected for 2024.
Roberto Mederos, CEO of Green Leaf Innovations, Inc., commented, "The completion of this acquisition marks a pivotal moment in our company's evolution. SOFLO's reputation as a leader in the cigar industry, combined with Green Leaf's strategic vision, will drive sustained growth and open new opportunities in the premium cigar market. We are thrilled to welcome SOFLO into our family and look forward to the value this partnership will deliver to both our shareholders and customers."
Green Leaf Innovations remains focused on delivering long-term value and growth. The company will continue to provide updates and other milestones as it progresses through this transformative period.
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.