Green Cures and Botanical Distribution, Inc. announces its intent to merge with Green Cures Inc., and the launching of first online advertising campaign.
WINNETKA, Calif., Nov. 19, 2014 /PRNewswire/ -- Green Cures & Botanical Distribution Inc. (OTC Pink: GRCU) ("Green Cures" or the "Company") announced today that it intends to merge with Green Cures Inc. ("GCI"), a California corporation and the major controlling shareholder of Green Cures. Green Cures management also announced that following the planned merger, the Company intends to continue its strategic focus on the development of concepts related to nutritional, sports, functional beverage, hemp-infused, and body care products. GCI owns the brand Green Magic, a Registered Mark, and the brand Green Cures, a Registered Mark.
Green Cures management notes that becoming a fully reporting company has been one of management's top priorities, and if successful, management anticipates that this strategic merger will enable Green Cures to become fully a reporting company with the U.S. Securities and Exchange Commission, following which management plans to seek to have the Company's shares traded on the OTC QB or other over-the-counter market. During the next approximately two and a half months, GCI management will seek to obtaining the necessary audited financial statements. Green Cures management anticipates that at closing, GCI will transfer all of its intellectual property and registered marks to Green Cures. Management of Green Cures plans to complete the merger and become fully reporting during the first quarter of the year 2015, after which the Company will seek to have its shares accepted for trading on the OTC QB or other over-the-counter market.
Additionally, Green Cures announced the launching of its first online advertising campaign set to begin on or before December 1st 2014. During the online campaign, Green Cures will promote selected Green Magic products, using new marketing material that the Company has prepared. "We will be placing numerous online advertisements in web portals such as Facebook and other online platforms. Our first online marketing campaign has been designed to potentially increase brand awareness and sales by targeting online users who have shown interest in nutritional supplements and hemp-infused products, similar to those of the brand Green Magic. According to our research and marketing strategy, there is an estimated 4.2 million potential consumers that may be interested in our products. By implementing these specific-sophisticated targeting platforms, we aim to increase product awareness about our hemp-infused products," said Green Cures' CTO Benjamin Craik.
Green Cures management anticipates that the Company will provide additional updates to the public and the investment community when material events and information becomes available.
About Green Cures & Botanical Distribution Inc.: Green Cures & Botanical Distribution Inc. ("Green Cures" or the "Company) is a development stage company that retails and wholesales nutritional, sports, hemp-infused and body care products. The Company is currently Web-based and focuses on online retailing. Green Cures seeks to become the leading botanical and cannabis industry innovator, by providing the highest quality hempseed oils, cannabis flower topical medicinal and botanical products, as permitted by law. With our current and upcoming line of products including Green Magic, Green Cures and Rico Suave, the Company's plan is to operate in numerous industries, including Nutritional Supplement/Dietary, Health and Wellness, Functional Beverages, and Hemp.
About Green Cures Inc.: Green Cures Inc., a California corporation, is a development stage company that focuses on the development of concepts related to nutritional, sports, hemp-infused, and body care products. The company owns the brand Green Magic, a Registered Mark, and the brand Green Cures, a Registered Mark. Currently, Green Cures Inc., and David Osegueda, the Founder of Green Magic and Green Cures, have granted to the Green Cures & Botanical Distribution Inc., a Royalty Free Agreement to exclusively market, sell and distribute the products labeled Green Magic and Green Cures, both nationally and internationally.
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.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article