Green Cures & Botanical Distribution Inc. Provides Key Corporate Updates and Announces Rebranding
WINNETKA, CA / ACCESSWIRE / May 19, 2015 – Today, the leading cannabis and industrial hemp product innovator, Green Cures & Botanical Distribution Inc. (GRCU) (“Green Cures”), released a series of significant corporate updates.
Merger Postponed: The Board of Directors have decided to delay the merger with the major controlling shareholder, Green Cures Inc., due to an outstanding tax liability of about $30,000 from operations in 2014 and Q1 2015. The company also owes nearly $23,000 for legal services up until May 2015. Funds originally designated for Green Cures Inc. will be redirected to settle these outstanding debts.
Product Availability on Amazon: Amazon has stopped allowing the sale of cannabinoid products. As a result, Green Cures’ CBD Tinctures are no longer on the platform. However, their CBD products can still be bought at www.allcbd.com and www.healthyhemp.com.
Rico Suave Product Line Clarification: After analyzing the high costs associated with the Rico Suave energy drink, the company has chosen to spin off this product line. The board believes the funds and effort required aren’t aligned with the company’s core operations and would dilute shareholder value. The exclusive rights to Rico Suave’s marketing, distribution, and sale, owned by the founder of Green Magic and Green Cures, will likely revert back to the original owner.
Update on Previously Announced Dividends: The company also provided updates on the distribution of the common stock of Formosa Liberty Corporation. Management is evaluating the best way to execute this distribution and will release more details soon.
For more about Green Cures & Botanical Distribution Inc., visit www.gcbdinc.com. Please note: The claims in this announcement have not been approved by the FDA.
DENVER, CO / ACCESSWIRE / May 25, 2023 – A significant development from the Green Cures & Botanical Distribution Inc. front came when they announced the renaming of the company to “Global Roundtable Corporation.” CEO Robert Tanko expressed enthusiasm about this rebranding and highlighted the commitment to values of truth, honor, and loyalty. To solidify this commitment, some shareholders are retiring their common stock in exchange for preferred shares.
Tanko clarified, “The company is not planning a Reverse split and intends to decrease the Authorized shares after state-level approval of the preferred share update.”
About Global Roundtable Corporation: Once known as Green Cures & Botanical Distribution Inc., this Holding Company has diversified its focus into health and wellness, mental wellness, and Optical-Vision medical care. validator
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