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Sunday, September 25, 2022

Code Green Apparel Corp (OTCMKTS: CGAC) Heating Up as Co Signs LOI with DB Asset Management

Code Green Apparel Corp (OTCMKTS: CGAC) is on the move northbound running over 70% on Monday on $475,000 dollar volume. This came after the Company announced it has entered into an LOI to enter into a Management Contract with DB Asset Management, LLC. DB Management anticipates that the new operation will begin generating significant revenue within 120 days or sooner. CGAC CEO Caren Currier stated: “We are excited to bring Code Green into the next level of technology. While being an environmentally friendly company for many years, we feel that our shareholders can benefit from this expansion into the financial realm and are excited about this new chapter for the company.” 

CGAC has a history of big moves running to over $0.05 in summer 2021 before coming back to current levels. Penny stock speculators are expecting big things from Caren Currier here. Caren Currier who has been making name for herself in the world of SPACS “The REVERSE MERGER specialist” is in the wheel house driving this merger. (See IGEX, ILUS, AXTG, SSOF just to name a few of Caren Currier recent SPACS). Caren Currier has earned an incredible reputation in the OTC as a merger GURU. As the current CFO for the investment holding Company FCCC, Inc. and One World Universal, Currier has the experience and know-how to reliably get shell companies up to speed.  

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Code Green Apparel Corp (OTCMKTS: CGAC) endeavors to lead the market revolution that brings environmentally superior products to market at cost-neutral price points. Code Green Apparel intends to lead that revolution by providing regenerated textile solutions that effectively conserve water, reduced chemical applications and lessen the impact of disposing production waste products in landfills or incinerators. Code Green products include corporate Logo Wear, Uniforms and other Eco-Friendly Sustainable Textile products.

In May stock whizz Caren Currier took over as CEO upon the resignation of George Powell. As previously stated Caren Currier was brought to facilitate consistency and has now grown to operate the company. Carens business knowledge and input will be highly valued stated George Powell, the then CEO of Code Green Apparel upon her initial onboarding back in December of 2021. Caren has over 25 years of experience in accounting. Caren started her professional career helping her father with his construction company.  

Earlier this year CGAC entered into negotiations with a well-known country artist to launch a new sustainable and durable denim jean design. Textile manufacturing is largely unknown but drastic contributor to water and air pollution worldwide, which Code Green Apparel Corp announces Red Alert by sustainably manufacturing their new line of clothing using recycled and durable resources, offering a more cost-effective alternative to all other less durable and unethical denim wear. This signature line will be featured by well-known country artist with future expansion into other products and exploring the world of denim through color bringing unique and one-of-a-kind fashion looks to a price everyone can afford, all while being environmentally friendly and sustainably sourced. 

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CGAC

Microcapdaily first reported on CGAC back on October 18, 2021 reporting at the time: “Code Green Apparel Corp (OTCMKTS: CGAC) is making a powerful run northbound in recent trading on significant volume trading just under 1 billion shares on $4.8 million in dollar volume on Monday alone. The stock is getting noticed by some big players in small caps and at current market valuation of just $11.3 million this one has plenty of room to grow. Currently under heavy accumulation CGAC has emerged in recent days as an investor favorite and is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – CGAC is looking to breakout over recent highs of $0.047; a break over and its blue skies ahead for CGAC. Reverse merger SPACS can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. It’s easy to get excited about CGAC; the stock was recently trading over $0.04 but dropped significantly has more new shares had to be absorbed but this looks like it’s coming to an end as the stock continues northbound. CEO Powel recently confirmed that a company will be merged into $CGAC. The announcement will come in the “near term”. Caren Currier who has been making name for herself in the world of SPACS “The REVERSE MERGER specialist” is in the wheel house driving this merger. (See IGEX, ILUS, AXTG, SSOF just to name a few of Caren Currier recent SPACS). Caren Currier has earned an incredible reputation in the OTC as a merger GURU. As the current CFO for the investment holding Company FCCC, Inc. and One World Universal, Currier has the experience and know-how to reliably get shell companies up to speed.  “Pink Current” CGAC has momentum, huge liquidity and legions of new shareholders bidding up the price.” 

On September 12 CGAC announced they have entered into an LOI to enter into a Management Contract with DB Asset Management, LLC. DB Management anticipates that the new operation will begin generating significant revenue within 120 days or sooner. 

The digital platform, developed by DBM, utilizes technology to digitize, fractionalize, and monetize the value of real estate and other assets by separating that value from its use and ownership interest. By separating value from ownership, DBM aspires to bring liquidity to historically illiquid asset classes. The company will also have a currency play. According to Michael Knowles, DBMs Chief Executive Officer, Traditional competitors such as fiat currencies, digital currencies, housing market lenders, and traditional financial market and services cannot compare overall to the value we intend to bring. In this new era of money, technology and security are colliding to create a better form of currency. 

CGAC CEO Caren Currier stated: “We are excited to bring Code Green into the next level of technology. While being an environmentally friendly company for many years, we feel that our shareholders can benefit from this expansion into the financial realm and are excited about this new chapter for the company.” 

 

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Currently trading at a $1.7 million market valuation CGAC has 3,838,715,637 shares outstanding and a decent looking balance sheet with $1.5 million in total liabilities. The stock has a history of big moves running to over $0.05 in summer 2021. Currently trading near its 52-week lows CGAC has a lot of room to grow from current levels and with stock whizz Caren Currier running the show big things could happen here.  We will be updating on CGAC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CGAC.

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Disclosure: we hold no position in CGAC either long or short and we have not been compensated for this article.

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