- Green Leaf Innovations (OTCPK:GRLF) reports continued growth following a record revenue year in 2024.
- The company's distribution network expanded to over 400 retail locations after acquiring SOFLO Wholesaler Group.
- A stock buyback program is set to launch in Q3 2025, while the board decided against a reverse stock split.
Green Leaf Innovations, Inc. (OTCPK:GRLF), a company specializing in premium cigars and tobacco products, has released its Q1 2025 corporate update. The update highlights ongoing growth driven by the strategic acquisition of SOFLO Wholesaler Group. This acquisition has allowed Green Leaf Innovations to extend its distribution network to more than 400 retail locations across the United States, including cigar lounges, smoke shops, convenience stores, and vape shops.
Following a record revenue year in 2024, Green Leaf's CEO Roberto Mederos emphasized that the past year laid the groundwork for future expansion. The company now focuses on aggressive growth and enhanced operational efficiency throughout 2025.
In line with its commitment to enhancing shareholder value, the Board of Directors has resolved to implement a stock buyback program, which is anticipated to commence in Q3 2025. The decision not to pursue a reverse stock split at this time reflects the board's confidence in the company's performance and market position.
Green Leaf Innovations continues to strengthen its presence in the premium cigar market, capitalizing on the growth opportunities provided by its expanded distribution network and strategic acquisitions. CEO Roberto Mederos stated, "Our consistent growth trajectory, coupled with our optimized capital structure, positions Green Leaf Innovations for sustained success." He further mentioned that prioritizing a stock buyback program aligns with the company's belief in delivering superior returns to shareholders.
With renowned brands like MEDEROS and CUBANACAN, Green Leaf Innovations remains dedicated to delivering top-quality products to cigar enthusiasts, while also supporting legislative efforts to protect the premium cigar industry.
