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”). 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.
Details of the Indebtedness
Pursuant to an agreement entered into during the year-ended December 31, 2023, Greenbriar’s wholly-owned subsidiary, Greenbriar Capital (U.S.) LLC (“Greenbriar USA”), 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 (as disclosed in Note 16 of Greenbriar’s condensed consolidated interim financial statements for the three and six months ended June 30, 2024 and 2024). Greenbriar assumed $1,000,000 of this debt from Greenbriar USA.
Now, let’s dive into what this actually means for you. First and foremost, if you are a shareholder of Greenbriar Sustainable Living Inc., this debt settlement agreement could have implications for the value of your investment. By settling $1,000,000 of debt through issuing common shares, the company is taking steps to improve its financial position, which could potentially lead to increased shareholder confidence and a positive impact on the stock price.
On a broader scale, this debt settlement agreement between Greenbriar and Captiva Verde Wellness Corp. may also have implications for the world at large. Sustainable living practices are becoming increasingly important in today’s society, and companies like Greenbriar are at the forefront of promoting environmentally friendly initiatives. By resolving their debt in a strategic manner, Greenbriar is positioning itself to continue its mission of sustainability and positive environmental impact.
In conclusion, the debt settlement agreement between Greenbriar Sustainable Living Inc. and Captiva Verde Wellness Corp. is a significant step towards financial stability for the company. Shareholders can potentially benefit from this move, while the world may see positive outcomes in terms of sustainability and environmental consciousness. This agreement represents a commitment to both financial responsibility and eco-friendly business practices, setting a positive example for the industry as a whole.
