Green Stream Holdings (GSFI) Announces Plans and Preparation for Application to Uplist to OTCQB

BROOKLYN, N.Y. - March 11, 2021 - PRLog -- Green Stream Holdings Inc. (GSFI) an emerging leader in the solar utility and finance space, announces today that it meets eligibility requirements to apply to trade on OTC Markets' OTCQB® Venture Market and is preparing for application to list in the coming weeks.

Below are the eligibility, reporting and verification requirements as set forth by OTC Markets on its website:

Eligibility Requirements

• U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)
• Meet minimum bid price test of $0.01
• Not be in bankruptcy
• Have at least 50 Beneficial Shareholders, each owning at least 100 shares
• Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security.

Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)

Reporting Requirements

Meet one of the following:

• SEC Reporting Standard
• Regulation A Reporting Standard (Tier 2)
• U.S. Bank Reporting Standard
• International Reporting Standard
• Alternative Reporting Standard
• Timely disclosure of material news

Corporate Governance Requirements (Alternative Reporting only)

• Have a board of directors that includes at least two Independent Directors
• Have an Audit Committee, a majority of the members of which are Independent Directors

Verification Requirements

• Maintain a Verified Company Profile
• Post initial and annual verification and management certification

Green Stream Holdings, Inc. CEO James DiPrima states, "We are thrilled to have eliminated debt on the books, improved overall shareholder accessibility via our new transfer agent, Olde Monmouth Stock Transfer Co., and operations are moving full speed ahead on our major projects such as 160 Imlay Street in NY. We are now organizing all necessary steps to make application with OTC Markets for the thriving OTCQB® in the coming weeks."

Green Stream Finance, Inc., is focused on exploiting currently unmet markets in the solar energy space, The Company's next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products.

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties.
https://greenrainsolar.com/