LOS ANGLES, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Green Cure & Botanical Distribution Inc. (GRCU) a Colorado Corporation (“The Company”) entered into an agreement to retire $538,007 (“the Settlement Amount”). Continuation Capital Inc. (“CCI”), a Delaware Corporation, this represents over 70% of our outstanding Liabilities. CCI purchased the obligations from certain vendors of the Company, which consisted of past due obligations and accounts payable from Company.
The retirement of debt put the Company in a position to begin to scale growth of the Company’s product portfolio. Management is presently in the later stages of negotiations with many significant strategic partners for acquisitions in the coming weeks. These companies consist of a National Events Company, Manufactures, CBD Products and a Multi-National Beverage Company.
With the retirement of this debt and the ongoing negotiations with some strategic partners and acquisition targets, the future for GRCU is the best it’s ever been. Over this quarter and the next the Company’s diversification of products will expand dramatically as well as revenues will also see substantial growth. As we move forward having Continuation Capital Inc. as our Funding partner Management will concentrate directly on the revenue growth of the Company.
The Company will make every effort going forward to keep its shareholders now and in the future as it takes the necessary steps to become a successful Cannabis Retail Distribution Company.
About Green Cures & Botanical Distribution, Inc. (OTC PINK: GRCU)
Green Cures & Botanical Distribution Inc., is revenue-generating company that wholesales and retails 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. For more information visit: http://www.grcustock.com/.
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