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SINC Sincerity Applied Materials Holdings Corp. (OTC: SINC) Updates on Debt Conversions, Share Structure, and Business StrategyPress Release | 08/29/2024
August 29, 2024
OTC Disclosure & News Service
Buffalo, WY —
This release includes additional documents. Select the link(s) below to view.
290808 SINC News release.pdf
Sincerity Applied Materials Holdings Corp. (OTC: SINC), a leading innovator in advanced materials, today provided a comprehensive update on recent developments, addressing shareholder inquiries related to debt conversions, authorized share increases, and future business plans.
Status of Debt Conversions
As disclosed in our latest quarterly filing, SINC has made significant progress in reducing its debt. As of August 29th, 2024, the remaining balances are as follows:
USD 76,500 from One44 Capital
USD 2,390.25 from 1800 DIAGONAL LENDING, LLC
USD 85,107.33 from 1800 DIAGONAL LENDING, LLC
This marks a substantial reduction, with one-third of the original debt already converted.
Increase in Authorized Shares to 2.9 Billion
In response to concerns raised by shareholders, SINC confirms that the authorized shares have been increased to 2.9 billion as of August 21st, 2024. This increase was necessary to fulfill anti-dilutive contractual obligations related to our recent Australian and US acquisitions, ensuring that the original shareholders and management team of Agroshield maintain an aggregate holding of 42.26%.
While the increase in authorized shares might raise concerns about potential dilution, it is essential to note that the company's stock price will ultimately reflect its strong fundamentals. Our focus remains on core business activities, innovation, and transparency with our investors. With a unified management team, we are confident that uplisting to NASDAQ or NYSE is within reach.
Future Financing and Convertible Notes
As SINC moves into 2024, we are proud to report that the company is now cash flow positive. We are raising funds for our new Quantum glass giga factory and expanding our operations in the US without the need for floorless convertible notes. The convertible notes that have contributed to the decline in share price are minimal compared to the intrinsic value of the company. Refinancing these notes with convertible preferred shares would have offered no significant advantage. Instead, we are focused on building a strong fundamental business, which has been evident since Q4 2023.
Enhancing Shareholder Interest/Market Exposure
SINC is legally and ethically committed to the proper promotion of its stock. We cannot and will not engage in artificial measures to boost the stock price. However, we are planning a series of roadshows, led by Agroshield, in the US. These roadshows will present SINC as a compelling investment opportunity to both retail and institutional investors, promoting organic growth in shareholder interest.
Sustaining Growth and Revenue Projections
Our most recent quarterly report showcased significant gains in both revenue and gross margin, driven entirely by organic growth. In preparation for audited financials and future uplisting, we have reorganized our operations, spinning off Sincerity Australia Pty Ltd and consolidating our Adelaide operations. This ensures a cleaner audit process and strengthens our financial transparency.
The high gross margins reported are a result of our innovative product range, and we anticipate maintaining these margins for at least the next five years. In Q3, Agroshields financials will be fully consolidated, and we expect their 2024 revenue to be approximately $4 million.
About Sincerity Applied Materials Holdings Corp Sincerity Applied Materials Holdings Corp (OTC: SINC) is incorporated in Nevada, USA, specializing in applied materials and chemicals. With a strong commitment to innovation and quality, SINC aims to deliver superior products and services across various global industry verticals.
About AgroShield LLC AgroShield LLC is a Wyoming-based corporation engaged in the manufacturing and distribution of products and technologies for the agriculture, aquaculture, and waste management industries. AgroShield provides innovative solutions to improve efficiency and sustainability in these critical sectors.
Forward-Looking Statements
This press release contains forward-looking statements that are based on current expectations, assumptions, estimates, and projections about Sincerity Applied Materials Holdings Corp and its industry. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those anticipated. The company disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Contact:
Yiwen Zhang, CEO Sincerity Applied Materials Holdings Corp
+61 4 2100 7277 / ir@sincerityplastics.com
Tiffany Campbell, Public Affairs Manager, Sincerity Applied Materials Holdings Corp
tiffany@agro-shield.com
Note: The information provided in this press release is subject to change, and readers are advised to refer to the latest filings and updates on the SEC's website and OTC Markets for the most current and accurate information.
https://www.otcmarkets.com/stock/SINC/news/Sincerity-Applied-Materials-Holdings-Corp-OTC-SINC-Updates-on-Debt-Conversions-Share-Structure-and-Business-Strategy?id=451712
Sincerity Applied Materials Holdings Corp. (OTC: SINC) Updates on Debt Conversions, Share Structure, and Business StrategyPress Release | 08/29/2024
August 29, 2024
OTC Disclosure & News Service
Buffalo, WY —
This release includes additional documents. Select the link(s) below to view.
290808 SINC News release.pdf
Sincerity Applied Materials Holdings Corp. (OTC: SINC), a leading innovator in advanced materials, today provided a comprehensive update on recent developments, addressing shareholder inquiries related to debt conversions, authorized share increases, and future business plans.
Status of Debt Conversions
As disclosed in our latest quarterly filing, SINC has made significant progress in reducing its debt. As of August 29th, 2024, the remaining balances are as follows:
USD 76,500 from One44 Capital
USD 2,390.25 from 1800 DIAGONAL LENDING, LLC
USD 85,107.33 from 1800 DIAGONAL LENDING, LLC
This marks a substantial reduction, with one-third of the original debt already converted.
Increase in Authorized Shares to 2.9 Billion
In response to concerns raised by shareholders, SINC confirms that the authorized shares have been increased to 2.9 billion as of August 21st, 2024. This increase was necessary to fulfill anti-dilutive contractual obligations related to our recent Australian and US acquisitions, ensuring that the original shareholders and management team of Agroshield maintain an aggregate holding of 42.26%.
While the increase in authorized shares might raise concerns about potential dilution, it is essential to note that the company's stock price will ultimately reflect its strong fundamentals. Our focus remains on core business activities, innovation, and transparency with our investors. With a unified management team, we are confident that uplisting to NASDAQ or NYSE is within reach.
Future Financing and Convertible Notes
As SINC moves into 2024, we are proud to report that the company is now cash flow positive. We are raising funds for our new Quantum glass giga factory and expanding our operations in the US without the need for floorless convertible notes. The convertible notes that have contributed to the decline in share price are minimal compared to the intrinsic value of the company. Refinancing these notes with convertible preferred shares would have offered no significant advantage. Instead, we are focused on building a strong fundamental business, which has been evident since Q4 2023.
Enhancing Shareholder Interest/Market Exposure
SINC is legally and ethically committed to the proper promotion of its stock. We cannot and will not engage in artificial measures to boost the stock price. However, we are planning a series of roadshows, led by Agroshield, in the US. These roadshows will present SINC as a compelling investment opportunity to both retail and institutional investors, promoting organic growth in shareholder interest.
Sustaining Growth and Revenue Projections
Our most recent quarterly report showcased significant gains in both revenue and gross margin, driven entirely by organic growth. In preparation for audited financials and future uplisting, we have reorganized our operations, spinning off Sincerity Australia Pty Ltd and consolidating our Adelaide operations. This ensures a cleaner audit process and strengthens our financial transparency.
The high gross margins reported are a result of our innovative product range, and we anticipate maintaining these margins for at least the next five years. In Q3, Agroshields financials will be fully consolidated, and we expect their 2024 revenue to be approximately $4 million.
About Sincerity Applied Materials Holdings Corp Sincerity Applied Materials Holdings Corp (OTC: SINC) is incorporated in Nevada, USA, specializing in applied materials and chemicals. With a strong commitment to innovation and quality, SINC aims to deliver superior products and services across various global industry verticals.
About AgroShield LLC AgroShield LLC is a Wyoming-based corporation engaged in the manufacturing and distribution of products and technologies for the agriculture, aquaculture, and waste management industries. AgroShield provides innovative solutions to improve efficiency and sustainability in these critical sectors.
Forward-Looking Statements
This press release contains forward-looking statements that are based on current expectations, assumptions, estimates, and projections about Sincerity Applied Materials Holdings Corp and its industry. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those anticipated. The company disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Contact:
Yiwen Zhang, CEO Sincerity Applied Materials Holdings Corp
+61 4 2100 7277 / ir@sincerityplastics.com
Tiffany Campbell, Public Affairs Manager, Sincerity Applied Materials Holdings Corp
tiffany@agro-shield.com
Note: The information provided in this press release is subject to change, and readers are advised to refer to the latest filings and updates on the SEC's website and OTC Markets for the most current and accurate information.
https://www.otcmarkets.com/stock/SINC/news/Sincerity-Applied-Materials-Holdings-Corp-OTC-SINC-Updates-on-Debt-Conversions-Share-Structure-and-Business-Strategy?id=451712
I Love Trump! And I'm not even a Republican! I Voted for Obama over Romney! And I didn't like the Bush's, Trump is an independent running on the republican ticket, that's why some republicans can't stand him like Romney, and Pence!
What did I say? The dems tried with Hillary and she lost, Hillary would have a better chance to win over Harris, the dems should of gave Hillary a call instead of pushing Kamala as the last minute replacement of Joe!
Here's the difference, Jan 6th peeps paraded holding the American flag high and proud! While the left parades the streets BURNING the American flag! Get it? Lol!
Now go tear down another historic monument!
Nah, that's a leftist thing
Nope, the scum bags are the one's who will riot in the streets when Trump wins, they did it when Hillary lost, and they'll do it again! Were you there? Lol!
OMGosh! We're all gonna "suffer mentally and financially if she becomes PRESIDENT HARRIS." Look at what she just said about her fracking flip flop, 2019 she wants to ban fracking, 2020 she flip flopped!
Biden? Biden's out! And did you guys hear Walz? He said his wife reminded him of his grammar error, but he said in clear english that he carried weapons into war, what a liar, now trying to make excuses cuz the people called him out on that big fat LIE! VOTE TRUMP! I am!!!!
America is not ready for a woman president, Harris isn't qualified, she's a great Dinner party host at best, she would be fun to party with! Another cocktail? Pass that cocaine tray! LMAO!
And if Trump wins u gonna go out and break other people's shit?
Did you hear Harris now flip flop on the border? She wants to enforce the laws we have now...why did she wait till tonight? She's been pro open border for 3.5 years now already! Harris the flip floppy FISH!
Volume scout day was 7/23, so expect a rally by Sept 3 imo
Green Leaf Innovations, Inc. Amplifies Growth Strategy With Debt Reduction, Strategic Acquisitions, and Enhanced Financial Transparency
PEMBROKE PINES, FL / ACCESSWIRE / August 29, 2024 / Green Leaf Innovations, Inc. (OTCPK:GRLF), a Florida-based emerging growth company specializing in the marketing and distribution of handmade premium cigars, is pleased to announce a series of strategic initiatives that underscore its commitment to financial stability, market expansion, and shareholder value creation.
Strengthening Financial Health through Debt Reduction
On August 27, 2024, Green Leaf Innovations announced significant progress in reducing corporate debt, a critical step in optimizing the company's financial structure. The company successfully reduced the majority of one of its outstanding notes and is on track to eliminate an additional $88,000 in outstanding notes in the coming weeks. These efforts are part of a broader strategy to clean up the balance sheet, reduce the burden of debt, and pave the way for sustainable growth. This focus on financial health reflects the company's dedication to enhancing shareholder value and positioning itself for future success.
Strategic Acquisition of SOFLO Wholesaler Group, Inc.
On August 22, 2024, Green Leaf Innovations signed a letter of intent to acquire SOFLO Wholesaler Group, Inc., a leading wholesale cigar distributor. Over the past four years, SOFLO has established itself as a key player in the cigar industry, distributing the #1 rated cigars among the Top 30 in the industry. Under the leadership of President Miguel Pinto, an industry veteran with over 20 years of experience, SOFLO has expanded its market share, serving over 400 customers across various sectors, including cigar lounges, smoke shops, cigar distributors, C-stores, and duty-free shops.
In 2023, SOFLO reported revenues of $2.3 million, with strong growth anticipated in 2024. The company's robust financial position, with current assets exceeding $500,000, aligns perfectly with Green Leaf Innovations' vision for growth and market leadership.
Optimizing Capital Structure
On July 23, 2024, Green Leaf Innovations took decisive steps to optimize its capital structure by reducing both authorized shares and issued and outstanding shares. This included a significant reduction of 5 billion shares. This action reflects the company's ongoing commitment to creating value for shareholders and positioning itself for sustainable success in the competitive premium cigar market.
Commitment to Financial Transparency and Regulatory Compliance
On May 27, 2024, Green Leaf Innovations engaged the renowned audit firm Olayinka Oyebola & Co to conduct a comprehensive two-year audit of the company's financial statements. This audit is a pivotal step toward becoming fully reporting with the U.S. Securities and Exchange Commission (SEC) and up listing to the OTCQB Venture Market. By ensuring financial transparency and adherence to regulatory standards, Green Leaf Innovations aims to attract a broader base of shareholders and enhance investor confidence.
Positioning for Long-Term Success
Roberto Mederos, CEO of Green Leaf Innovations, Inc., stated, "Our recent initiatives reflect a focused strategy to strengthen our financial health, expand our market presence, and enhance shareholder value. We are committed to building a solid foundation for sustainable growth and look forward to continuing to execute on our vision of becoming a dominant player in the premium cigar industry."
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.
Additional information can be found on our websites http://www.greenleafinnovation.com or follow us on Twitter @otcgrlf.
For more information, press only:
Phone number: (800) 303-6268
Email: info@greenleafinnovation.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. The Company may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Annual Reports on Form 10-K and its other filings with the Securities and Exchange Commission. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.
Contact Information
RYAN MEDICO
MARKETING MANAGER
info@greenleafinnovation.com
8003036268
SOURCE: Green Leaf Innovations, Inc.
View the original press release on accesswire.com
https://www.otcmarkets.com/stock/GRLF/news/story?e&id=2965708
Green Leaf Innovations, Inc. Takes Strategic Steps to Enhance Shareholder Value by Reducing Convertible DebtPress Release | 08/20/2024
PEMBROKE PINES, FL / ACCESSWIRE / August 20, 2024 / Green Leaf Innovations, Inc. (OTCPK:GRLF), a Florida corporation and an emerging growth company engaged in the marketing and distribution of handmade premium cigars, is pleased to announce significant progress in its ongoing efforts to strengthen its financial position. The company is actively paying down convertible notes and is currently in negotiations to remove additional convertible notes from its balance sheet.
These strategic actions underscore Green Leaf Innovations' commitment to improving its financial health and delivering enhanced value to its shareholders. By reducing its convertible debt, the company aims to clean up its balance sheet, thereby positioning itself for sustainable growth and improved market performance.
Roberto Mederos, CEO of Green Leaf Innovations, Inc., stated, "Our ongoing initiatives to reduce convertible debt reflect our dedication to building a stronger financial foundation. These efforts will not only improve our balance sheet but also align with our long-term goal of maximizing shareholder value."
Green Leaf Innovations, Inc. strategically imports and distributes handmade premium cigars manufactured in Nicaragua, as well as packaged whole leaf tobacco, to cigar lounges, smoke shops, C-stores, and vape shops across the United States and international markets. As the company continues to prioritize financial stability, it is focused on creating a robust platform for future opportunities, further solidifying its position as a leader in the industry.
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.
Additional information can be found on our websites http://www.greenleafinnovation.com or follow us on Twitter @otcgrlf.
For more information, press only:
Phone number: (800) 303-6268
Email: info@greenleafinnovation.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. The Company may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Annual Reports on Form 10-K and its other filings with the Securities and Exchange Commission. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.
SOURCE: Green Leaf Innovations, Inc.
View the original press release on accesswire.com
https://www.otcmarkets.com/stock/GRLF/news/Green-Leaf-Innovations-Inc-Takes-Strategic-Steps-to-Enhance-Shareholder-Value-by-Reducing-Convertible-Debt?id=450589
13 minutes till Harris and Walz show us who they really are! CNN interview!!! They're gonna F it all up and it will be on record for replay during Trump's campaign! They will both feed us MAGA's exactly what we need to expose the imposters! LFG!!!!
Agreed, OTC will come back when it's time, and with election, interest rates, tamer inflation, the tools are there as peeps will come back to small caps when rates fall
Stock tanked on good news, y'all better pray for no more news, news has proven to be a killer for this ticker, 7's coming is my call
That would do it, a tweet from Roaring Kitty, along with Court settlement would be right in line with the now strong stochastics buy signal!
Nah, First rule in OTC trading, know the game!
Trading 101
No, I use my own bar charts on Etrade and Fidelity, not barcharts.com, and my bar chart is telling me ASII is for sure going to 7's, not sure why peeps can't see this, it's trading 101!
Yes, the bar chart sees the .00095 trade, as I said the chart doesn't care if it was retail or mm'er trade, chart doesn't see that, nor does the chart care
Yeah, that tweet this morning felt like they are dangling the carrot at the end of the ships plank!
"Stay tuned for exciting turnaround" Lol! More like "Stick around suckers while we dilute some more shares on you", Lol!
$ASII Under our New CEO’s Leadership, we look to finalize LOI in MAJOR acquisition in the coming days. HUGE REVENUES and PROFITABLE, working out the final details. Stay tuned for this exciting turnaround!#OTCQX #CEO #FINTECH #TELCO
— ASII (@ASII_Inc) August 29, 2024
Yup, I hold my SPY Calls!
What? Charts don't trade themselves, I suppose if you use stops they do, the Chart does however provide signals to the astute trader to capitalize on! Like today when we saw price tumble below the rising 20 day MA support at 13's, so I had to sell'em...then we saw it plunge to .00095, trips are back!
Does it matter? Chart doesn't know nor care, the Chart sees testing the water under 10's, and is about to plunge into the pool under 10's, today was ur warning!
.00095 lod, You all have to know .00095 will be taken out tomorrow, 7's are on their way!
Down 24% in one day! And on Good news? That tells the tale imo
But the Dow made a new all time high, and SPY looks like a sideways correction, never seen such a reluctant market so resilient to correct, SPY all time highs are too close NOT to hit them now imo
BOOM! 469million Volume!!! Volume B4 price!
Classic buy the rumor, sell the news here today!
That's NOT true at all, I post when I buy, pump, then post when I sell, then bash
Yup, Some peeps still living in the AM here, slow pokes never win cuz they are too greedy! You have to be nimble, and like a light switch to trade OTC, so glad I sold 13's and am not STUCK with a loss like so many here now, SMH
356mill volume red bloodbath day! Like you say, "Make a buck, but don't get stuck"!
Nothing like living in the past now! You'll be waiting a long long time for those 31's I don't see it happening anymore, try and keep up with the current call please! Current Chartmaster's call is for 7's here
Nope, I called for 7's, 5's was another's buy order, stay focused, read the posts and take notes as you need
Lol! Why? Peeps in denial about where price is going, seen it over and over in OTC, charts rule! Opinions are slow and moldy!
Really? Then tell us, WHAT IS GOING ON besides a massive dumping of shares and collapse in price...and on GOOD NEWS!!! Read the chart, then Read the room! Only 1.3mill now bidding 10's put a fork in this one!