Green Leaf Innovations Inc (OTCMKTS:GRLF) is one of the better-known names in the marijuana industry. The company has made its name by providing a range of products and services to companies that are involved in the legal marijuana space.
The company was originally known as Gold Coast Mining Corp but in March 2015, it was rechristened as Green Leaf Innovations Inc. Some of the assets owned and operated by Green Leaf include MJ-Xchange , a social media platform, and an online warehouse named 420 Concept. On the other hand, Green Leaf also provides a vital service to the marijuana industry in the form of payment processing solutions.
Last week the company provided a major corporate update that is surely going to be of interest to its shareholders and for potential investors. Green Leaf provided an update with regards to its efforts to be fully compliant with the rules of the OTC Markets.
The company is aiming to become current as far as its financial reporting rules are concerned and has managed to accomplish two important things recently. Green Leaf revealed that it filed its annual report already with the authorities in Florida. On the other hand, the company also applied to the OTC Markets and the application was accepted.
However, there are some things that need to be accomplished before the company can actually become current. Green Leaf noted that it is now working on the next course of action with regards to the filings. The company stated that it has engaged the services of an accounting firm in order to bring it’s financial forward.
On the other hand, an attorney has also been engaged for the purposes of an attorney opinion letter for Green Leaf. These are important developments and the company pointed out that it is going to continue to provide updates on the developments as and when they occur. These developments are likely to be watched closely by market analysts as well.
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