Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) is making progress in its cannabis and hemp infused products. The company recently announced that it has reached an agreement with JustUs Aquaponics to execute a supply of legal industrial hemp whole plant extraction CBD oil. Additionally, the new CEO of the company, Dr. Trent Jones, released a corporate update letter to shareholders.
Green Cures announced that the new supply line would help the company manufacture a large inventory of hemp and CBD induced botanical and medicinal derived formulas. The company already markets some of these products through its e-commerce website, allcbd.com. However, the new addition to the supply chain would mean that more potent cannabis products might be along the way.
As per the corporate update, the CEO confirmed that the CBD oil being used in the company’s products would be greatly improved in terms of quality. Additionally, the new products would be available at more affordable prices. However, the CBD infused drugs are not the only hemp products the company has to offer. Recently, the company had launched its Rico Sauve energy drink. The letter stated that Green Cures has established deals for direct store distribution and online retail sales. The drink is already available for purchase through Amazon.
Green Cures also made public its plans to make its e-commerce website CBDOil.us, more interactive. The update would include a map to help users locate retailers that market the company’s products near them. The CEO also wrote that the online campaigns, which began in 2014, have allowed his company to test a number of marketing strategies and also analyze its audience. Due to this, the company believes it is ready and focused on a single strategy and will make the most of the available consumer base.
Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) closed at $0.0013, without reporting any change on May 13. The company has 253.7 million shares being traded in the market, with a 52-week range of $0.00-$0.04.