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Green Cures & Botanical Distribution, Inc. (OTC PINK: GRCU) Announces Today That Is Has Returned 300,000,000 Shares To Treasury
Green Cures & Botanical Distribution, Inc. (OTC PINK: GRCU) Announces Today That Is Has Returned 300,000,000 Shares To Treasury.
About this update from Green Cures & Botanical Distribution Inc.
[{"type":"text","content":"\n \n \n Green Cures & Botanical Distribution, Inc. (OTC PINK: GRCU) Announces Today That Is Has Returned 300,000,000 Shares To Treasury\n \n \nGreen Cures & Botanical Distribution, Inc. (OTC PINK: GRCU) Announces Today That Is Has Returned 300,000,000 Shares To Treasury\n \n INGLEWOOD, CA--(Marketwired - Nov 8, 2016) - Green Cures & Botanical Distribution, Inc. (OTC PINK: GRCU) is pleased to announce today the return of 300,000,000 (Three-Hundred Million) shares back to treasury. This decision was an easy one to make as InStep Holdings LLC, who is the controlling entity, felt it was in the best interest of the shareholders as well as the company to return the majority of their common holding. The goal is to keep a low and respectable share structure, and the best way of doing that is to maintain a low Issued & Outstanding, which GRCU has achieved today. 300,000,000 shares represented nearly 50% of the shares previously outstanding. By returning the shares to treasury, it creates only positive effects on the current shareholders and the stability of the company.\n Currently, the share structure is 800,000,000 (Eight-Hundred Million) Authorized and 338,716,015 (Three Hundred Thirty-Eight Million Seven Hundred Sixteen Thousand Fifteen) Issued & Outstanding. Plans to make adjustments to the Preferred stock will also be adjusted. The shares have already been re-designated. These decisions are about returning the unnecessary and excessive. GRCU Management will make the announcements on the Preferred Stock once those items have been completed with the information.\n Joe Tragesser, Green Cures & Botanical Distribution's CEO stated, \"I'm pleased to announce the Board's decision today to increase our Shareholder value. We have reduced our outstanding almost in half. Our strong performance, continuous product development, and our dedication to positive revenue growth, enabled the Board's decision. This decision reinforces our ongoing commitment to return value to our Shareholders.\" Tragesser added, \"We believe we are well-positioned to continue this momentum of improving operating costs and productivity. We have aligned ourselves with some really amazing people through our joint ventures and they are with us for the long-haul. We have already taken significant steps to improve our overall performance, and creati...