Green Globe International Inc. Announces Change in Control and New Management
San Diego, California--(Newsfile Corp. - April 27, 2021) - Green Globe International Inc. (OTC Pink: GGII) ("GGII") is proud to announce that on or about March 22, 2021, as a result of a private sale of 100 Series A Preferred Shares of GGII, control of GGII passed to The Hempacco Co., Inc. ("Hempacco").
A new board of directors of GGII, under the leadership of Hempacco's visionary CEO, Sandro Piancone, was appointed, and GGII applied to OTC Markets Group, Inc. for access to its information and disclosure system in order to be able to file missing reports and add further information on the new ownership group. This process can take three to four weeks to complete.
Hempacco's business model is Disrupting Tobacco™ with consumer goods in the form of herb cigarettes, CBD, CBG, Hemp Cigarettes, and other plant-based natural smokables.
Once GGII is current with its OTC Markets filing obligations, it plans to pursue a potential merger or combination of operations with Hempacco. No definitive agreements have been signed between GGII and Hempacco, and there is no guarantee that such agreements will be entered into or that a combination will occur.
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Forward Looking and Cautionary Statements
This news release may include forward-looking statements including opinions, assumptions, estimates, the Company's assessment of future plans and operations, including but not limited to statements concerning a potential combination with Hempacco and the timing thereof. When used in this document, the words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Company. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to: regulatory and third party approvals not being obtained in the manner or timing anticipated; the ability to implement corporate strategies; the state of domestic capital markets; the ability to obtain financing; changes in general market conditions; industry conditions and events; and other factors more fully described from time to time in the reports and filings made by the Company with OTC Markets Group, Inc. and/or the securities regulatory authorities. Except as required by applicable laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of relevant securities laws, and to be considered forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended.
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