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SOURCE Green Cures & Botanical Distribution Inc
WINNETKA, Calif., July 16, 2014 /PRNewswire/ -- Green Cures & Botanical Distribution Inc (OTC Pink: GRCU) ("Green Cures") provided the following updates.
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.
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.
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.
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