WINNETKA, Calif., June 9, 2014 /PRNewswire/ -- Green Cures &
Botanical Distribution Inc. (OTC Pink: GRCU) ("Green Cures'') Chief
Executive Officer, Robert Calkin
provided the following industries overview and a corporate
update.
Green Cures seeks to become the leading cannabis and botanical
industry innovator, by providing the highest quality hempseed oils
and cannabis flower topical medicinal and botanical products, as
permitted by law. With our current and upcoming line of products,
we plan to be able to operate in numerous industries, including
Nutritional Supplement/Dietary, Health and Wellness, Functional
Beverages, Hemp, and Online Marketing.
Nutritional Supplement/Dietary:
According to The Council Responsible for Nutrition (CRN); along
with, economic and market research reports conducted by leading
sales and marketing firms, the Nutritional Supplement/Dietary
industry in the United States is
worth over $31 Billion. Over 50% of
all Americans use some form of dietary supplement and it is
estimated that approximately 40% of Americans use nutritional
supplements. Green Cures management believes that the aging US
population, together with an increase in consumer health concerns,
signals continuing growth and opportunity in this market.
Health and Wellness:
Research also shows that the Health and Wellness industry in
the United States generates over
$153 Billion a year, which accounts
for approximately one quarter of global health and wellness sales.
The health and wellness market has continued growing at a rate of
about 5% annually, and management believes that much of this
continued growth can be attributed to the American consumers'
interest on promoting healthy lifestyles and total body
wellness.
Functional Beverage:
According to market data and industry research, the functional
beverage industry in the United
States is worth an estimated $8.6
Billion dollars, which represents a growth of approximately
300% since 2004. This industry is one of the fastest growing
subsectors of the functional food industry, with an annual growth
rate of almost 20%. According to statistical analysis conducted by
industry leaders, the functional beverage industry is growing at a
much faster rate than the general food or beverage market in the
US.
Hemp:
According to estimates published by the Hemp Industry
Association, in the year 2013, American retailers sold
approximately $581 million of
products containing hemp seeds and hemp fiber. Due to the
similarity in leaf shape, hemp is frequently confused with
marijuana. Although both plants are from the species
cannabis, hemp contains virtually no THC (delta-9
tetrahydrocannabinol), the active ingredient in marijuana. In
the United States and many
countries around the world, the consumption and use of Hemp is
legal. Products like Hemp Fiber, Hemp Protein, and Hemp Oils
are used every day by the general public. As a food or
supplement, Hemp is rich in protein, omega fatty acids and high in
fiber.
Green Cures, through its current and upcoming line of products,
plans to be able to capitalize on the strong growth that these
industries are experiencing across the country. At a later time,
Green Cures plans to also emphasize expanding sales and
distribution opportunities in other regions of the American
continent and across the globe. At the present time, Green Cures is
moving forward with the development of several online portals that
Green Cures acquired and which were announced on March 5, 2014. Green Cures anticipates that some
of these portals will be utilized as online marketing tools for
some of our upcoming products, as well as advertisement
distribution platforms to other companies and individuals, who
operate in the medical cannabis and hemp industry, as permitted by
law.
Green Cures management also would like to inform to the public
and the investment community that they are continuously following
both state and federal lawmaking with respect to statutes and
regulations involved in the medical cannabis industry. Green Cures
does not carry any type of products that are considered controlled
substances at the federal level. Furthermore, none of the company's
current or upcoming products being offered through allbotanical.com
contain a form or level of THC that would cause them to be
considered a controlled substance.
As of the day of this release, all information about the
structure of the company in the OTC Markets Website remains the
same. Management of Green Cures will continue to disclose to the
public and investment community updated information on an ongoing
basis.
Stock Dividend Information:
When Green Cures Inc. purchased control of Green Cures &
Botanical Distribution, the sole asset of the prior company
(Triton) that remained was approximately 4.2M shares of another
public company, Privileged World Travel Club (PVCL) which we
planned to spin out to our shareholders. However, since that
time, PVCL has not performed as we anticipated, and the company has
been delayed in its public filings. Until Green Cures
management thinks the benefit to our shareholders justifies the
expense of paying the cost of a registration statement to effect
the spinout of those shares to our shareholders, and until PVCL is
in a position to have its filings up to date (which would be
required for a registration statement), Green Cures management
believes it is a more prudent use of the Company's funds to grow
the business, add new product lines, and explore and consider
acquisitions or joint ventures with other businesses with similar
business plans and business models. We will continue to hold
the PVCL shares, and to monitor that company's progress.
Yield Sign:
Management has received numerous inquiries relating to the
"Yield" sign on the OTC Markets website relating to Green
Cures. As previously announced on May
16, 2014, since the acquisition of control of the company,
Green Cures is maintaining all documentation necessary for the
preparation of its quarterly and other reports, and quarterly
financial statements and information which focus on the new
business of Green Cures, for the period beginning March 1, 2014, forward. The Company's next
report, which will cover the quarter from April 1 through June 30, is due on or before
August 14, 2014. Green Cures
management plans to complete and upload these filings on the OTC
website during the month of July. Green Cures will continue to
maintain the necessary records and documentation to prepare and
file the required reports.
In closing, Green Cures management will be providing additional
updates as they become available.
About Green Cures & Botanical Distribution
Inc: (www.gcbdinc.com) Green Cures & Botanical
Distribution Inc (GRCU) operates a diverse portfolio of services
and products within the botanical and medical cannabis industry, as
permitted by law. The products include nutritional
supplements, vitamins, minerals, herbs/botanicals, sports
nutrition, and specialty. In this rapidly growing industry of
alternative care and medicinal products, GRCU also provides to the
online community portals that supply with information and resources
regarding the benefits of cannabis-derived products.
FDA Statement: The statements contained in this document have
not been evaluated or approved by the FDA. The products and
statements referenced in this document are not intended to
diagnose, treat, cure, or prevent any disease.
Forward-looking statement: This press release may contain
certain forward-looking statements and information, as defined
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. Forward-looking statements are identified by wording
such as "scheduled (future sense)" "intend(s)", "plan(s)"
"expect(s)", "believe(s)" "will" "estimate(s)", "anticipate(s)",
"expect(s)", "may", "would", "could" or "should" or, in each case,
the negative thereof, other variations thereon, or comparable
terminology that implies anticipated future deliverables. The
Company disclaims any obligation or intention to update any
forward-looking statement for any reason.
Media Contact:
Green Cures & Botanical
Distribution Inc.
info@gcbdinc.com
SOURCE Green Cures & Botanical Distribution Inc.