ACCESSWIRE
25 May 2023, 22:55 GMT+10
DENVER, CO / ACCESSWIRE / May 25, 2023 / Green Cures & Botanical Distribution Inc. (OTC PINK:GRCU) is pleased to announce management has adopted a new name for the company 'Global Roundtable Corporation.' as well as negotiated a comprehensive Outstanding share retirement with their shareholders.
Robert Tanko, CEO said: 'The company is very proud to wash its hands of the previous name and we are committed to bringing real value to shareholders with a company image that is indicative of truth, honor and loyalty to its customers, shareholders and the community. As a sign of good faith several shareholders have decided to retire shares of common stock to the treasury. In return, the company has agreed to issue preferred shares in place of those shares. We are committed to bringing real value to everyone and understand deeply that substantial clean up must take place.'
Robert Tanko, CEO goes on to say 'The company wants to emphasize that moving forward the company will be utilizing preferred shares for acquisitions, there is no plan to utilize a Reverse split and that the company is planning to process an Authorized reduction after the preferred share update is approved at the state level. The company will then direct the TA to reduce the Authorized shares.
Forward Looking statements
The company intends to reduce the outstanding shares by more as time passes. However, this share structure cleanup will take more time. We are also seeking to restructure the notes associated with certain transactions to preferred shares so we can clean up the company further.
About Global Roundtable Corporation. (OTC: GRCU)
Global Roundtable Corporation (previously known as Green Cures & Botanical Distribution Inc.), is a Holding Company positioned in the health and wellness segment. It is also providing products and ancillary services in the mental wellness segment and Optical-Vision medical care.
Safe harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as 'expects,' 'anticipates,' 'plans,' 'believes,' 'scheduled,' 'estimates' and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward- looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Media Contact: 302-261-9663
SOURCE: Green Cures & Botanical Distribution, Inc.
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationWASHINGTON D.C.: The Pentagon said this week that the satellite communications service started by billionaire Elon Musk, SpaceX's Starlink, has ...
CHARLESTON, South Carolina: During a media tour this week at Boeing's facilities in Charleston, South Carolina, company CEO Dave Calhoun ...
MENLO PARK, California: Facebook parent company Meta Platforms has said it would remove news content in California if the state ...
BRUSSELS, Belgium: EU tech chief Margrethe Vestager has said that a draft code of conduct on artificial intelligence (AI) could ...
MOSCOW, Russia: After a turbulent 15 months of store closures and declining demand, Russian designers and brands are assisting the ...
WASHINGTON D.C.: The Federal Communications Commission (FCC) has said that more than 8.3 million US homes and businesses do not ...
PORTLAND, Maine: Fishermen in the US's only commercial-scale fishing industry for valuable baby eels, called elvers, have recorded a productive ...
Managers Brandon Hyde of the Baltimore Orioles and Gabe Kapler of the San Francisco Giants will have a tough decision ...
Washington [US], June 4 (ANI): Researchers discovered that strengthening protection for areas already protected by law or by local communities ...
The former Fort Bragg, North Carolina will from now on be known as Fort LibertyThe US Army officially redesignated its ...
Washington [US], June 3 (ANI): In order to mitigate biodiversity loss, researchers discovered that strengthening protection for areas already protected ...
The documents show that he had written to Olympic doctor and fellow pedophile Larry Nassar and made a mysterious phone ...