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SAN JOSE, Calif., Feb. 15, 2021 /PRNewswire/ Fourth Wave Energy Inc. (OTCQB: FWAV) ( Fourth Wave or the Company ), a company focused on providing renewable energy solutions, announced today that the Company has settled four Convertible Secured Note Agreements on its balance sheet. The elimination of the remaining balance is expected in Q1. This removes future conversions under the Notes and removes derivative (toxic) debt from the Company s Balance Sheet. We are committed to increasing shareholder value and executing on closing the Delsol power tile Acquisition in Q1. Paying off the external debt will significantly improve our balance sheet and position the Company to meet the requirements for uplisting to a national exchange. With the removal of the external debt, we are poised to access future opportunities and drive additional growth in alternative energy and solar centric solutions in 2021, commented Joe Isaacs CEO.
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PHOENIX, Jan. 28, 2021 /PRNewswire/ SinglePoint Inc. (OTC: SING) ( SinglePoint or the Company ), a company focused on providing renewable energy solutions, announced today that the Company has settled the remaining balance of the Convertible Secured Note Agreements with Iliad Trading Company and UAHC Ventures which eliminates all external debt conversions. The elimination of the remaining balance removes future conversions under the Note and removes all derivative (toxic) debt from the Company s Balance Sheet. We are committed to increasing shareholder value and actively implementing and executing on the right steps we believe will drive value. Paying off the entirety of our external debt significantly improves our balance sheet and positions the Company to more quickly meet the requirements for uplisting to a national exchange. With the elimination of all external debt, we are poised to access future expansion opportunities and drive
January 27, 2021 at 7:38 am Published by NCV Newswire
Editor’s note: The company corrected and replaced the original press release:
Flower One Announces Changes to the Board of Directors and Executive Management, Initial Debt Restructuring and the Initial Closing of over US$10 million and up to US$25 million in Convertible Debenture Financing
LAS VEGAS & TORONTO-January 27, 2021-(BUSINESS WIRE)–Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, today announced: changes and additions to its Board of Directors (the “Board”) and executive management team; the completion of its initial debt restructuring; the agreement by the Southlands and Yaletown Trusts to retire 20,000,000 common shares of the Company (the “Retired Common Shares”), and the initial closing of US$10,100,000 of a non-brokered convertible debenture offering of up to US$25,000,000
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PHOENIX, Dec. 22, 2020 /PRNewswire/ SinglePoint Inc. (OTC: SING) ( SinglePoint or the Company ), a company focused on providing renewable energy solutions, announces the Company has paid off the remaining balance of a Convertible Secured Note Agreement with GS Capital Partners, LLC ( GS ). The Company entered into the agreement with GS in March of 2020 as the pandemic started to have effects on the global economy. The payoff of the remaining balance eliminates future conversions under the note and removed additional derivative (toxic) debt from the Company s Balance Sheet. We continue to take the right steps to increase shareholder value. We are implementing and executing on deliberate and sound fundamental strategies to position SinglePoint for a move to a listed exchange. Paying the balance and early termination of this note is another significant achievement for the Company. Our team has worked diligently throughout 2020 to posit
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