Green Cures announces changes to corporate management and plan to spin off Rico Suave
WINNETKA, Calif., April 15, 2015 /PRNewswire/ -- Green Cures & Botanical Distribution Inc. (OTC Pink: GRCU) ("Green Cures"), a cannabis and industrial hemp products innovator announced changes to the corporate management structure of Green Cures. Romeo O. Cruz has been appointed Interim CEO, and he will continue to serve as Chief Financial Officer and Board Member of Green Cures. Due to other business endeavors, Dr. Trent Jones has stepped down from all positions in the company, and the company wishes him well. Additionally, the company announced that its Board of Directors has approved a plan to spin off Rico Suave Energy, from the line of products that the company currently markets and sells.
Management of Green Cures stated that the decision to spin off Rico Suave will give the company the ability to concentrate its resources and efforts, in areas and markets where the company has already established a consumer base. The marketing and efforts needed for the expansion of the energy drink/supplement are not in conjunction with the current operations of the company. Green Cures will reinforce its efforts and resources, to advance in the botanical and medicinal cannabis industry, as well as the accelerating hemp market. The company will remove a total of $11674.73 from debt incurred, during the first quarter of the year 2015, for costs associated to the energy supplement.
The company will provide additional updates as they become available.
About Green Cures & Botanical Distribution Inc.: Green Cures & Botanical Distribution Inc. is a development stage company that retails and wholesales hemp-infused nutritional, botanical, sports, and body care products. The company is currently Web-based and focuses on online retailing. Green Cures & Botanical Distribution Inc. operates a diverse portfolio of products and services within the botanical and cannabis industry, as permitted by law. From concept to production and distribution, Green Cures & Botanical Distribution Inc. is continuously creating and introducing products that promote a healthy life style.
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.
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