Greenbriar’s Latest Update: A Debt Settlement with Captiva Verde Wellness Corp.
Overview
Scottsdale, Arizona–(Newsfile Corp. – December 30, 2024) – Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) (“Greenbriar” or the “Company”) announces, further to its news release of August 30, 2024, that it is proceeding with its previously announced debt settlement agreement (the “Debt Settlement”) with Captiva Verde Wellness Corp. (“Captiva”).
Details of Debt Settlement
Pursuant to the Debt Settlement, Greenbriar is settling $1,000,000 of debt (the “Indebtedness”) owed by Greenbriar to Captiva by issuing Captiva 2,197,802 common shares of Greenbriar at a deemed price of $0.455 per common share. Greenbriar assumed $1,000,000 of this debt from its subsidiary, Greenbriar Capital (U.S.) LLC.
According to the agreement, Greenbriar is required to pay Captiva $5,591,588 in 48 equal installments of $116,491 beginning July 1, 2024, and ending on June 1, 2028. This information was disclosed in Note 16 of Greenbriar’s condensed consolidated interim financial statements for the three and six months ended June 30, 2024 and 2024.
By settling a portion of the Indebtedness through this agreement, Greenbriar aims to strengthen its financial position and further its business objectives.
How this Update Affects You
As an investor in Greenbriar Sustainable Living Inc., the Debt Settlement with Captiva Verde Wellness Corp. could have implications for your investment. The issuance of common shares in exchange for debt settlement may impact the value of your existing shares in Greenbriar. It is advisable to stay informed about such developments and consult with your financial advisor for guidance on your investment strategy.
Global Impact
Debt settlements like the agreement between Greenbriar Sustainable Living Inc. and Captiva Verde Wellness Corp. can have ripple effects in the business world. Such transactions can influence market dynamics, investor confidence, and financial stability in the industry. It is essential for stakeholders worldwide to monitor these developments to understand the changing landscape of corporate debt management.
Conclusion
In conclusion, the Debt Settlement between Greenbriar Sustainable Living Inc. and Captiva Verde Wellness Corp. marks a strategic move for Greenbriar in managing its debt obligations and enhancing its financial standing. This agreement reflects the company’s commitment to navigating challenges and pursuing sustainable growth opportunities. It also underscores the importance of prudent financial decision-making in today’s competitive business environment.
