+ -0.01
+ 0%
+ 1.76
+ 0.62%
+ 1.99
+ 0.58%

Green Cures Inks Lease For New Retail and Manufacturing Facility

September 17, 2020 2:20 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Green Cures & Botanical Distribution Inc. (OTC: GRCU) has inked a lease for its new retail and manufacturing facility.

The Los Angeles-based company said that the new facility would serve as a production and retail center for Green Cures products.

In addition, Green Cures closed its San Luis Obispo, California-based facility.

Currently, the company is in the process of the built-out of the retail end of the facility.

The company said it's pawing its way toward obtaining permits to manufacture CBD/Hemp beauty, food, and beverage products. 

Rich Thomas, Green Cures' CEO, said Thursday that this is a "monumental event" for the company.

He explained that their production facility would be "open to the public for all to witness the highest of standards employed in producing our unique and innovative CBD products."

The company noted it intends to expand its team by hiring a master formulator and product development team focused on CBD and hemp products.

The new location would allow Green Cures to maximize their profit margins and "eliminate middle layers of distributions," while selling directly to the customers, added Thomas.

Meantime, the company debuted in the California cannabis market just a month ago, by acquiring cannabis brand Clearly California Products.

Courtesy image

Related Articles

Wild By Nature Debuts In 150 Circle K Stores In Florida And Alabama

Wellness and CBD brand Wild By Nature is debuting in over 150 Circle K convenience store locations across Florida and Alabama. The brand intends to enter hundreds of retail stores in the future. read more

MediPharm Labs Closes 12th Deal To Supply Australia With Cannabis Products

MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) has partnered with Sunco Green Pharmaceutical Pty Ltd. to bring GMP certified cannabis products to the Australian medical cannabis market and New Zealand. read more

Magic Johnson-Backed Uncle Bud's To Enter Asia Market In November

Uncle Bud's, a hemp and CBD brand backed by Earvin "Magic" Johnson, is poised to debut in Asia. The NBA Lakers legend and Basketball Hall of Famer will launch the brand's newest shop on Nov. 6 on Tmall Global, China's business-to-consumer (B2C) cross-border online platform. read more

Kristen Bell Launches Happy Dance CBD Skincare Brand

Cronos Group Inc. (NASDAQ: CRON) and actress Kristen Bell have partnered to launch Happy Dance, a CBD skincare brand. read more

Michele Harrington To Lead Education, Fundraising Efforts For CBD Sexual Wellness Brand

Foria, a health and sexual wellness brand, has enlisted Michele Harrington — the wife of Viola founder Al Harrington — as an advisor and head of strategic partnerships. read more