Green Planet Group, Inc. provided an update regarding its reorganization. The company announced that it has moved out of all of the respective Lumea offices and has or is negotiating the termination of the leases of those offices, which will eliminate approximately $1,200,000 in leasehold liabilities that the company was responsible for over an average remaining term of two years. Pursuant to the transfer of the Lumea business and accounts to Tri-State and its affiliates, the company also reduced its liability to Porter Capital in the amount of $3,400,000, further increasing shareholder value.
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2022 | Green Planet Group Announces $2.5 Million Partnership Agreement with NEW A.G.E | CI |
2022 | Green Planet Group, Inc. announced that it expects to receive $2.5 million in funding | CI |
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