Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) shares made their entire move in Q4 of 2016 making new highs and retesting lows before they ended trading for the year. Since this volatility it has been a steady grind lower.
A view of the GRCU chart below shows this downtrend intact, and only the recent pop in volume and share price last week gives any indication that the trend is reversing.
Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) recently formed a joint venture with Kushtown USA LLC for the US market. Kushtown is a California based leading edibles company that specializes in cannabis infused medicated water and sodas. Kushtown has been one of the leaders in medical cannabis infused beverages and edible products in California, with products to over 200 medical cannabis dispensaries. Kushtown offers 20 different varieties of medicated soda. Sodas/drinks come in varieties of carbonated and non-carbonated beverages. Flavors like cherry cola, lemonade, fruit punch, and lemon lime are infused with a proprietary THC tincture. Kushtown management plans to leverage the established Kushtown brand name in California and aims to expand the Kushtown brand across the US.
According to Bloomberg.com, edibles comprise approximately half of the legal US cannabis industry. “It’s probably the most exciting segment of the cannabis industry,” says Christian Hageseth, Founder and Chairman of American Cannabis Partners. BusinessInsider.com reports that the North American cannabis market posted $6.7 billion in revenue in 2016, up 30% from the year before. Bloomberg.com estimates that the legal cannabis industry in the US may grow to $50 billion in the next decade, expanding to more than eight times its current size.
Kushtown Management stated today, “We are very excited about our joint venture with Green Cures. We have innovative products in the medical cannabis industry that demonstrate that we are a proven market leader as we have created our own footprint in this growing and ever changing industry. Kushtown Sodas are a perfect addition to an already outstanding specialty product line-up.” Green Cures stated, “The Kushtown joint venture will aid in increasing profitable revenue growth in addition to sustaining a long term healthy investment as we work together and continue to increase our specialty product lines.”
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$GRCU 10-Day Chart Below.
The company is now preparing for the upcoming launch of its proprietary all-natural Hollywood Hills ™ Coffee product line. The company is aware of how imperative it is for all businesses to be aware of what is happening in the market. Green Cures & Botanical Distribution’s CEO, Joe Tragesser, stated, “We watch the trends; what’s being talked about, what’s gaining attention — what’s increasing momentum and what isn’t. Coffee is something we can’t get enough of no matter the time of day, or season of the year.” Tragesser added, “Our Hollywood Hills ™ Coffee product line is an attractive and delicious addition to our specialty product line-up and we are very excited about the energy it will bring to the company and our shareholders.”
According to NationalCoffeeBlog.org, cold brew coffee sales jumped up 580% between 2011 and 2016. In addition, according to the Specialty Coffee Association of America, the retail value of the U.S. coffee market is estimated to be $48 billion dollars with the specialty market comprising approximately 55% of this figure. The Business Insider states that “coffee is more than popular: it’s ubiquitous. No other beverage is as revered or respected.”
Green Cures and Botanical Distribution, Inc. (OTCMKTS:GRCU) 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 they have a diverse portfolio of products and services within the botanical and cannabis industry.
From concept to production and distribution, Green Cures & Botanical Distribution, Inc. is continuously creating and introducing products that promote a healthy life style. GRCU’s all-natural, organic line of Hollywood Hills™ Coffee and it’s very own “Original Hollywood Hemp” hemp infused specialty skin care products can be found on Amazon, as cannabis related products become part of the mainstream and the stigma attached to them fades away.
Lots of news out for over the last few weeks gives investors hope that the price appreciation the company had in Q4 of 2016 will return reversing this grind lower, but the horses are out of the barn for the industry itself – now it is up to investors to determine – which stocks they will buy and hold for the long term. For continuing coverage on shares of $GRCU stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!