WINNETKA, Calif., July 16, 2014 /PRNewswire/ -- Green Cures &
Botanical Distribution Inc (OTC Pink: GRCU) ("Green Cures")
provided the following updates.
CBD Capsules
First, Green Cures management announced that due to higher than
expected demand for the company's CBD Capsules, Green Cures is
presently experiencing a shortage of inventory of these capsules.
Customers who had open orders for the CBD Capsules as of
July 15, 2014, are currently being
notified that the company is in the process of issuing to each one
of them a full refund, together with, a $40.00 discount code which they will be able to
use in their next order. Green Cures management regrets the delay
in filling the orders, and is working to notify customers.
Additionally, Green Cures management announced that due to the
recent surge in demand for CBD-derived and -related products, which
has resulted in an overall shortage of premium cannabis-raw
material, the high quality and consistent CBD products that Green
Cures seeks to provide to its customers cannot be produced
immediately. Management confirmed, however, that Green Cures
continues to work diligently with national-based contractors who
have both the technology and knowledge to assist Green Cures in
producing additional CBD Capsules and high quality CBD-derived
products, which will be available to the public in the upcoming
weeks.
e-Commerce Platform
Second, as previously announced on July
1st 2014, Green Cures continues to work on the
development of its second e-commerce platform and website which
will be dedicated to bringing to the public and the market numerous
CBD-derived products. Management anticipates that this
website also will provide to the public and the consumers
information about the company's products, including the process of
manufacturing and products potency reports. The company also plans
to offer additional CBD-derived products from different
manufacturers that will not be in direct competition with the
company's products.
Product Reviewing and Testing
Green Cures management also announced that as of the date of
this press release, Green Cures has shipped numerous products
overseas to different retailers, who are currently reviewing and
testing the products, as well as verifying with their respective
Government entities whether or not our products can be sold and
distributed in their countries.
Additional Updates
Management of Green Cures announced that it is in the process of
improving both Green Cures' customer service department and its
inventory tracking system to provide to the public and the online
community a better shopping experience. Management is also
working on completing Green Cures' quarterly financial report which
is due on or before August 14 2014.
The company expects to have completed this report prior to the end
of July and to upload it to the OTC Markets Website.
Green Cures, with the assistance of its professional advisors,
also continues to pursue registration of all of the previously
announced brands and related intellectual property with the United
States Patent and Trademark Office (USPTO). Additional updates
regarding the numerous applications for trademark will be provided
to the public and the investment community as soon as final
resolutions become available.
In connection with the announcement on May 16, 2014, management is pleased to announce
that Green Cures plans to introduce the company's first
hemp-infused energy drink during the third quarter. The company has
decided to brand its first energy drink "Rico Suave," for which an
application has been submitted to the USPTO by the company with the
intent to use. Management believes that the addition of this
new brand will allow for broader marketing and advertising
opportunities to attract different markets and consumers within the
functional beverage industry.
Finally, as previously announced, in connection with retail
outlets and points of distribution of the company's products,
management confirmed that Green Cures is also in the process of
developing and completing 3 informational websites about the
company's products and exclusively licensed brands, these websites
are as follow: greenmagic.la, greencures.la, and ricosuave.la.
Management anticipates that these websites will contain information
about points of distribution which the company has started setting
up beginning July 2014.
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.
SOURCE Green Cures & Botanical Distribution Inc