Green Cures & Botanical Distribution Inc. (OTCPINK: GRCU) saw its share volume slide on May 29th with 20,693,496 shares exchanging hands, half of its three month daily average volume of 52,182,221 shares.
Green Cures announced that it will introduce its first CDB derived product to the public during the month of June 2014, and also provided a corporate update.
Green Cures is pleased to announce the addition of CBD Capsules to its line of products in the upcoming weeks. Green Cures' set of 30 CBD Capsules will initially contain 50 milligrams of Pure CBD-Hemp Oil per capsule. Green Cures' CBD Capsules do not contain controlled substances, as their low THC content falls within federal guidelines. Therefore, Green Cures will be able to market, distribute and sell its upcoming product online and through retailers across the nation. Cannabidiol (CBD) has been the subject of numerous scientific studies at several academic research centers in the United States and across the globe. It is the second most prominent ingredient found in the Cannabis plant, accounting for up to 40% of the plant's extract. According to published scientific and clinical studies, CBD may act in the form of an experimental model to improve a wide range of conditions, including epilepsy, arthritis, rheumatoid, diabetes, alcoholism, chronic pain, schizophrenia, antibiotic-resistant infections, and other neurological disorders.
GRCU closed the day at $.0265 on May 29th, 9.5% higher than its previous close of $.0242.
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Terra Tech Released First Quarter Revenues
Terra Tech Corp. (OTCQB: TRTC) saw its share volume slide on May 29th with 2,703,176 shares exchanging hands, half of its three month daily average volume of 5,166,260.
Terra Tech Corp. recently released its first quarter revenues. Total revenues generated from the sales of the Company's products for the quarter ended March 31, 2014 totaled $560,319, an increase of $494,198 from the quarter ended March 31, 2013, which totaled $66,121. The net result for the quarter ended March 31, 2014 was a loss of .03 cents per share compared to a loss of $.02 cents per share for the quarter ended March 31, 2013. The increase in loss per share was primarily associated with a non-cash loss on the fair market valuation of derivatives associated with the company's financings throughout the quarter. The company finished the quarter with a strong cash position of over $2.9 Million.
TRTC closed the day at $.47 on May 29th.
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Tranzbyte Corp, Now American Green, Solidifies Management
Tranzbyte Corp (OTCPINK: ERBB), now known as American Green, saw its share volume plummet on May 29th with 38,523,528 shares exchanging hands, three times less than its three month daily average volume of 124,788,190.
ERBB announced it has solidified management making Stephen Shearin its president while permitting David Gwyther to focus on his new role as Chairman. Mr. Shearin will also continue to serve the company in his current capacity as its chief operating officer.
In other significant hiring news, Mr. Darin Wayrynen will transition from his consulting position with the company to VP of Operations, focusing his decades of technical management expertise on the myriad of opportunities and challenges which lie ahead for the company.
"For the past year, the company has had the benefit of Mr. Shearin's continuing vision and project execution expertise," says now-Chairman David Gwyther. "The Board believes it is the right time to act in asking Mr. Shearin to take the helm and actualize the vision that is American Green. My transition to Chairman allows me to focus on ensuring that the firm's duties to shareholders are being fulfilled by acting as a link between the board and our company's management."
ERBB closed the day at $.032 on May 29th.
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