Business
Grand Havana Inc. Announces New Management and Directors, Fully Updates Financials
Grand Havana Inc. Announces New Management and Directors, Fully Updates Financials.
About this update from Grand Havana, Inc.
[{"type":"text","content":"\n MIAMI, FL, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Grand Havana Inc. (OTC Pink: GHAV) and its wholly owned subsidiaries, Grand Havana Masters, LLC, Grand Master Brands, LLC, and GH Hospitality Group, LLC today announced a new vision for the company led by a new management team and new Directors from H&H Coffee Group Export Corp. (H&H); and, also released updated financial results for the quarter ending September 30, 2022. A New Vision H&H is a farm to cup coffee company that has devoted the last decade to developing its position as a leading exporter of Central American washed coffees, primarily in Nicaragua – Our Home. By leveraging its vast infrastructure of specialty coffee farms and processing mills along with its partnerships with growing cooperatives and a global client base, H&H will usher in a new focus on green coffee sales and distribution.  This scale will dramatically impact revenue alongside the current B2B and B2C roasted coffee operations of GHAV. Working in tandem with sourcing partners Beneficio de Café, S.A. (SOLCAFE S.A.), H&H has invested extensively in the productive capacity and industrialization required to guarantee quality coffee flows. The SOLCAFE/H&H partnership enables access to not only commercial grade coffees, but also RFA/OCIA, organic, Fairtrade, Bird Friendly and UTZ certifications among others, that are in high demand by major consuming countries globally due to sustainability initiatives. Mr. Alain Piedra Hernandez, President and Owner of H&H and Director and Chairman of the Board of GHAV asserts “Grand Havana is a brand that folks from all walks of life associate with coffee, passionate people, romance, and most of all family!  H&H will provide the access to a global network of green coffee buyers so that the hard work and artisanal devotion of our producers can reach every cup.” Mr. Piedra added, “H&H taking the operational lead of GHAV will demonstrate to our shareholders the importance of a sustainable vertically integrated value chain.  Grand Havana will be synonymous with great coffee in all its forms.” Updated Financials GHAV’s new administration has made timely and accurate financial reporting a top priority.  OTC Pink status has been restored and all restrictions on GHAV common stock have bee...