Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) reported changes in its corporate management structure. Romeo O. Cruz will serve as the new Interim Chief Executive, and will also continue to serve as Board Member and Chief Financial Officer of the company.
Due to other business events, Dr. Trent Jones has stepped down from all his roles in the company. Additionally, the company said that its Board has accepted a proposal to spin off Rico Suave Energy, from its existing product that Green Cures markets and sells.
The spin-off
The management of Green Cures informed that the spin off decision of Rico Suave will provide the company the space to concentrate its efforts and resources, in markets and areas where the company has a solid consumer vase. The efforts and marketing required for the expansion of the supplement and energy drink are not in conjunction with the prevailing activities of the company.
Green Cures will concentrate its resources and efforts to progress in the medicinal and botanical cannabis industry, as well as the growing hemp market. It intends to pay off a total of $11674.73 from debt recorded, during the first quarter of 2015, for costs related to the energy supplement. Green Cures will provide more updates as they become available.
The profile
Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) is a progressing company that both wholesales and retails hemp-infused botanical, nutritional, body care and sports items. It operates on web platform and focuses purely on online retailing. It possesses a diverse portfolio of services and innovative products within the growing botanical and cannabis industry, as approved by law. It is involved from production to distribution and is continuously developing and launching products that support a healthy life style.
In last trading session, the stock price of Green Cures declined 26.09% to close at $0.00170 on share volume of 73.05 million.
