Greystone Logistics Shares Information on Stock Buybacks

Company Overview - Greystone Logistics, Inc. is a leading manufacturer of 100% recycled plastic pallets, focusing on sustainability and providing logistical solutions across various industries such as food and beverage, automotive, chemical, pharmaceutical, and consumer products [2][3] - The company utilizes a proprietary blend of recycled plastic resins in its production processes, allowing for the rapid and cost-effective manufacturing of high-quality pallets [2] Recent Developments - The company has completed the redemption of $5 million in Preferred Stock and has repurchased 620,052 shares of common stock as part of its previously announced stock buyback program [1][2] - CEO Warren Kruger emphasized the commitment to strengthening the capital structure and enhancing shareholder value through the use of cash on hand [2] Industry Position - Greystone's recycled plastic pallets are utilized by notable companies including Simplot, Omaha Steaks, Corning, Walmart, MillerCoors, iGPS, Sutter Home Wines, and Diageo, indicating a strong market presence [2] - The company's focus on sustainability and cost advantages over virgin resin users positions it favorably within the green manufacturing sector [2]