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Buyback Completed as Promised: Bud Genius Announces New Lower Outstanding and Authorized Shares - More Buybacks Planned
Buyback Completed as Promised: Bud Genius Announces New Lower Outstanding and Authorized Shares - More Buybacks Planned.
About this update from Rightsmile Inc
[{"type":"text","content":"\n \n The directors of Rightsmile, Inc., also known as Bud Genius, Inc., have \n successfully completed a reduction of nearly 5% of the outstanding and \n authorized shares of the company’s common stock. Following the \n completion of a share buyback, the board passed a resolution to lower \n the authorized shares of the company's common stock by 4.99% following a \n stock buyback, which was confirmed by the stock transfer agent \n yesterday. The company will continue its repurchase efforts.\n \n \n CEO Angel Stanz had this to say: “In the past we had to do some drastic \n things to secure our funding, but now we are in a much better position \n and we can use our new subsidiary to leverage our stock. I want to buy \n more. The outstanding shares of the company are too high, we will \n continue to work on it, and we will continue to lower the authorized \n shares every time we make progress. We have a lot more to do, and I \n intend to take advantage of the opportunity now to buy our stock back at \n a strong price advantage.”\n \n \n Copies of the completed resolution have been received by the Transfer \n Agent and have been sent to OTC Markets for reporting. The updates will \n be recorded at the state following the completion of other pending stock \n buybacks and will be shown in the company’s SEC filings in the next \n quarterly report.\n \n \n About Bud Genius\n \n \n An early leader in an industry that many are speculating will grow, Bud \n Genius is one of the first established analytical cannabis laboratories \n in the United States. Bud Genius was launched to bring vendors together \n with doctors, patients, and dispensaries that require certified products \n held to demanding standards. Bud Genius has a vision to expand across \n the US and abroad serving as the beacon of quality for medical cannabis \n and adult-use marijuana through the formation of regional laboratories. \n Certification, data collection, and online reports are the measure by \n which the company gains.\n \n \n For more information please visit:http://www.BudGenius.com\n \n \n The foregoing press announcement contains forward-looking statements \n that can be identified by such terminology such as \"believes,\" \n \"expects,\" \"potential,\" \"plans,\" \"suggests,\" \"may,\" \"should,\" \"could,\" \n \"intends,\" or similar ...