Business
Pure Harvest Corporate Group Provides Corporate Update and Announces Significant Debt Reductions
Pure Harvest Corporate Group Provides Corporate Update and Announces Significant Debt Reductions.
About this update from Pure Harvest Corporate Group, Inc
[{"type":"text","content":"\r\n\r\n \r\n \r\n Pure Harvest Corporate Group Provides Corporate Update and Announces Significant Debt Reductions\r\n \r\n \r\n\r\n\r\nPure Harvest Corporate Group Provides Corporate Update and Announces Significant Debt Reductions\r\n\r\n\r\n\r\n\r\n\r\nGREENWOOD VILLAGE, Colo., June 26, 2025 (GLOBE NEWSWIRE) -- Pure Harvest Corporate Group, Inc. (OTC: PHCG), a strategic holding company focused on acquiring and restructuring undervalued businesses, today provided a corporate update highlighting its continued progress in strengthening the Company’s balance sheet. As part of its ongoing restructuring efforts, Pure Harvest successfully settled $2,409,225 of outstanding debt obligations through the issuance of common stock at a fixed price of $0.10 per share. In addition, the Company reports that $1,841,930 in liabilities has been formally extinguished and removed from the balance sheet through voluntary debt forgiveness agreements with certain creditors. “These actions reflect our commitment to streamlining the capital structure and creating a stronger foundation for future growth,” said Richard Hawkins, CEO and Chairman of Pure Harvest. “We appreciate the collaboration and support from our stakeholders during this transition.” The Company continues to engage constructively with remaining noteholders and creditors to restructure additional debt through negotiated settlements. Management expects further reductions in liabilities in the coming quarters, contributing to improved financial health and positioning Pure Harvest for new strategic initiatives. About Pure Harvest Corporate Group, Inc. Pure Harvest Corporate Group, Inc. (OTC: PHCG) is a diversified holding company dedicated to strategic acquisitions and innovative solutions across various sectors. Through a vertically integrated approach, PHCG builds value by identifying and acquiring companies with high-growth potential, focusing on sustainable operations and scalable business models. The company leverages its operational expertise and resources to drive long-term growth and market expansion, creating shareholder value while meeting evolving industry demands. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are ba...