Finally an update...
Post# of 7775
Posted On: 01/29/2016 3:32:56 PM
Green Cures & Botanical Distribution Announces CEO Updates
WHITTIER, CA / ACCESSWIRE / January 29, 2016 /
Shareholder:
First and foremost, I want to thank you for your patience as well as your continued support. I am pleased to provide an update on our excellent progress and discuss our ongoing milestones and further growth initiatives.
Green Cures continues to achieve substantive progress as we work diligently to implement and execute our plans to create and capture shareholder value. We did this first by restructuring the share structure with a 130/1 reverse split. This action was important as it allowed the company to rid itself of the negative reviews, and correct the authorized and outstanding shares on the market. Another benefit is that it has allowed Green Cures to have the opportunity to obtain constructive building capital for the company's best financial interest while continuing to develop. Further, this has increased share price, ultimately generating greater shareholder returns.
As you know, we had Trademarked "Jimi Hendrix Icon Beverages." However, we recently received an Office Action from the Trademark Office. We are working through this with counsel, as the only issue is utilizing the actual name "Jimi Hendrix", not the ability to produce our products and beverages. Due to this, we will be operating our beverage line under Iconic Beverages. Instep Holdings LLC has provided GRCU exclusivity to worldwide legal rights to images of Jimi Hendrix. These never seen before photos were taken by Mr. Jonathan G Stathakis; a professional photographer. Mr. Stathakis worked for Jimi Hendrix as one of his personal photographers. He traveled all around the world with Jimi photographing his events. Mr. Stathakis is a distinguished, successful businessman, and who is also a long-time Hendrix Family acquaintance. Mr. Stathakis provided InStep with the ownership of these photos to which they will be prominently displayed on all of our Jimi Hendrix line of products; a picture is worth a thousand words. In addition to the beverages, we will offer additional Hendrix items, such as tee shirts, backpacks, and other types of specialty items.
Iconic Beverages will hold other iconic notables that will be added to our beverage lines. Currently we have 2 additional signed licensing agreements, and we have a few others that are currently in the developmental stages. Further information on all the additional products will be announced in the coming weeks.
I would also like to apologize for the delays and the issues surrounding the company's websites; allbotanical.com and allcbd.com. The website for allbotanical.com has product in the company's facility and are shipped weekly or bi-weekly, depending on orders. Allcbd.com continues to receive and process orders. It is important to know that the payment gateway of this site has been updated. The outdated gateway was preventing new management from being able to identify previous orders. Due to the ongoing errors, I have decided to migrate and merge both of the ecommerce sites, allbotanical.com and allcbd.com to a single and larger new platform with a domain name of allhemp.com. I expect this website to be completed and ready for launch on or before March 15, 2016. This action will allow the company to receive and process orders more efficiently as all orders will be processed and monitored through a single platform only.
For now, both sites – allbontanical and allcbd will continue to receive and process orders as usual; once allhemp.com goes live, traffic from the other 2 sites will be redirected to the new platform. I appreciate your patience with this important transition, and apologize for all the inconvenience this has caused.
Further, selected products from allbotanical.com are being offered with up to 60% off the previous retail price. We are making room for additional products to be added to the Green Cures line of products.
Our business model focuses on developing, enhancing, and/or expanding existing and newly formed infrastructures. Our strategy is to quickly develop recurring and easily repalicable revenue sources, while avoiding large upfront investments in infrastructure, escalating costs associated with expansion, and the months of initial losses often typical of start-up companies.
I believe that our unique business model, exclusive proprietary products, expertise of our management team and consultants along with our key industry contacts, represent strong competitive advantages for Green Cures. We are pursuing a business model that we strongly believe positions us to capitalize on the ever evolving dynamics of the high-growth consumer and consumable products industry.
We continue to make significant strides in creating shareholder value through our significant achievements in branding our product lines. However, it is important to add the staff additions to the management team. In the coming days, I will announce additions to the team who will aid in furthering GRCU and our products. I will also announce an IR Firm that will help with business development and further growth.
We are evaluating numerous opportunities at this time, which support our model and growth initiatives and we will continue to keep you abreast of ongoing developments, as appropriate. As always, we thank you for following our progress and look forward to bringing our shareholders the most dynamic products in the sector today.
Kindest Regards,
Joe Tragesser, CEO
Green Cures & Botanical Distribution Inc.
WHITTIER, CA / ACCESSWIRE / January 29, 2016 /
Shareholder:
First and foremost, I want to thank you for your patience as well as your continued support. I am pleased to provide an update on our excellent progress and discuss our ongoing milestones and further growth initiatives.
Green Cures continues to achieve substantive progress as we work diligently to implement and execute our plans to create and capture shareholder value. We did this first by restructuring the share structure with a 130/1 reverse split. This action was important as it allowed the company to rid itself of the negative reviews, and correct the authorized and outstanding shares on the market. Another benefit is that it has allowed Green Cures to have the opportunity to obtain constructive building capital for the company's best financial interest while continuing to develop. Further, this has increased share price, ultimately generating greater shareholder returns.
As you know, we had Trademarked "Jimi Hendrix Icon Beverages." However, we recently received an Office Action from the Trademark Office. We are working through this with counsel, as the only issue is utilizing the actual name "Jimi Hendrix", not the ability to produce our products and beverages. Due to this, we will be operating our beverage line under Iconic Beverages. Instep Holdings LLC has provided GRCU exclusivity to worldwide legal rights to images of Jimi Hendrix. These never seen before photos were taken by Mr. Jonathan G Stathakis; a professional photographer. Mr. Stathakis worked for Jimi Hendrix as one of his personal photographers. He traveled all around the world with Jimi photographing his events. Mr. Stathakis is a distinguished, successful businessman, and who is also a long-time Hendrix Family acquaintance. Mr. Stathakis provided InStep with the ownership of these photos to which they will be prominently displayed on all of our Jimi Hendrix line of products; a picture is worth a thousand words. In addition to the beverages, we will offer additional Hendrix items, such as tee shirts, backpacks, and other types of specialty items.
Iconic Beverages will hold other iconic notables that will be added to our beverage lines. Currently we have 2 additional signed licensing agreements, and we have a few others that are currently in the developmental stages. Further information on all the additional products will be announced in the coming weeks.
I would also like to apologize for the delays and the issues surrounding the company's websites; allbotanical.com and allcbd.com. The website for allbotanical.com has product in the company's facility and are shipped weekly or bi-weekly, depending on orders. Allcbd.com continues to receive and process orders. It is important to know that the payment gateway of this site has been updated. The outdated gateway was preventing new management from being able to identify previous orders. Due to the ongoing errors, I have decided to migrate and merge both of the ecommerce sites, allbotanical.com and allcbd.com to a single and larger new platform with a domain name of allhemp.com. I expect this website to be completed and ready for launch on or before March 15, 2016. This action will allow the company to receive and process orders more efficiently as all orders will be processed and monitored through a single platform only.
For now, both sites – allbontanical and allcbd will continue to receive and process orders as usual; once allhemp.com goes live, traffic from the other 2 sites will be redirected to the new platform. I appreciate your patience with this important transition, and apologize for all the inconvenience this has caused.
Further, selected products from allbotanical.com are being offered with up to 60% off the previous retail price. We are making room for additional products to be added to the Green Cures line of products.
Our business model focuses on developing, enhancing, and/or expanding existing and newly formed infrastructures. Our strategy is to quickly develop recurring and easily repalicable revenue sources, while avoiding large upfront investments in infrastructure, escalating costs associated with expansion, and the months of initial losses often typical of start-up companies.
I believe that our unique business model, exclusive proprietary products, expertise of our management team and consultants along with our key industry contacts, represent strong competitive advantages for Green Cures. We are pursuing a business model that we strongly believe positions us to capitalize on the ever evolving dynamics of the high-growth consumer and consumable products industry.
We continue to make significant strides in creating shareholder value through our significant achievements in branding our product lines. However, it is important to add the staff additions to the management team. In the coming days, I will announce additions to the team who will aid in furthering GRCU and our products. I will also announce an IR Firm that will help with business development and further growth.
We are evaluating numerous opportunities at this time, which support our model and growth initiatives and we will continue to keep you abreast of ongoing developments, as appropriate. As always, we thank you for following our progress and look forward to bringing our shareholders the most dynamic products in the sector today.
Kindest Regards,
Joe Tragesser, CEO
Green Cures & Botanical Distribution Inc.
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