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McapMediaWire --American Diversified Holdings Corporation (OTC: ADHC ) announcedtoday that the Company has filed its quarterly financials ending in1-31-23. The filing can be found at www.otcmarkets.com underthe ticker symbol "ADHC". Additionally plans to divest of alloperating business have been initiated in anticipation of acomprehensive transition of all company operations.
Agreements have beenreached for a new CEO, a New Advisory Board and a new operatingbusiness. Additionally, ADHC management has been advised by litigationcounsel that a judicial order cancelling 325 mm shares of common stockis expected imminently.
Parties a have agreed to refrain from publicizing any detailsof these agreements until formal execution has taken place. It isanticipated that all developments should be consummated in April,2023.
ADHC hasfiled suit in The Eight Judicial Circuit Court, Clark County, Nevadacase, Number A-21-843-670, seeking the cancellation of 325,000,000(325 MM) shares of common stock. On January 6, 2023, the court grantedthe motion for default and will be issuing the formal ordersoon.
The signedcourt order granting default judgment is the final legal step beforeall litigation is resolved.
Currently, ADHC capitalization structure is asfollows:
SharesOutstanding: 1.1 billion
Shares Restricted: 600 million
Shares in the Float: 504 million
GLOBAL CBD PETINDUSTRY OVERVIEW:
GLOBAL CBD PET market : $198MM 2022; $248MM 2023; $2BILLION 2030
ANNUAL GROWTH RATE: 31.8 % COMPOUNDED ANNUAL GROWTHRATE
E-COMMERCE SEGMENT: 42% OF REVENUES
INDICATION: JOINT PAIN, ANXIETY/STRESS, EPILEPSY, GENERAL HEALTH ANDWELLNESS
see https://www.grandviewresearch.com/industry-analysis/cannabidiol-pet-market
AboutADHC:
American Diversified Holdings Corporation (OTC: ADHC) is apublicly traded holding company trading under the ticker symbol"ADHC".
Investor Contact:
Ernest Remo
Chairman/CEO
EMAIL: ernestremo@san.rr.com
Tel: 858-259-4534
TWITTER: . This Twitter page is the only official Twitter page for ADHC.
Information containedherein includes forward-looking statements. These statements relate tofuture events or future financial performance, involving known andunknown risks and uncertainties that may cause our actual results tobe materially different from the performance or achievementsexpressed. You should not place undue reliance on these statementssince they involve known and unknown risks, in some cases, beyond ourcontrol.
Contact Details
Ernest Remo
+1858-259-4534
CompanyWebsite
https://rollschoiceadhesive.com/
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