Green Globe International Inc (GGII)

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Green Globe International Inc. New Management And Business Model
GlobeNewswire - Fri Nov 9, 12:04PM CST
Company to operate as a CBD oil/flower broker and focus on CBD and cannabis consumer products

via OTC PR WIRE -- Green Globe International, Inc. (OTCMKTS:GGII) has reorganized and acquired the operational assets of BestNPet, Inc., a Dallas-based producer of CBD-infused pet treats and other consumer pet products. As part of this transaction, GGII sold its interest in Green Globe, Ltd. to prior management and BestNPet's shareholders and creditors obtained 80% control of the Company through a transfer of preferred stock.

BestNPet previously spun-off its Pupco Brands, Inc. subsidiary to Paul Lien, its previous President/CEO, and other member of BestNPet's senior management team; GGII obtained the balance of BestNPet's assets in connection with a reorganization of BestNPet.

GGII's shareholders consented to the appointment of Tom Elafros, Overland Park, Kansas, as Chairman and CEO; Michele Sheriff, Dallas, Texas, as director; and Ken Weidrich, Frisco, Texas, as director. Mr. Elafros was previously a director of BestNPet. The Company has applied for quotation and ARS filing privileges with OTC Markets and will bring its public information and financial reporting current immediately upon approval of its application.

Mr. Elafros stated, "I'm excited to take the helm of Green Globe International and oversee its transition into a leading CBD broker and distributor of CBD products. We've developed excellent contacts with CBD oil and hemp flower producers, and expect to generate revenues from brokering these CBD products to manufacturers. Consumers are just now starting to recognize the benefits of CBD consumption and new products come to market daily. We can generate revenues helping growers, processors and manufacturers. Our role in this market also exposes us to potential acquisitions in consumer product manufacturing and we intend to pursue the best of those as well."