Green Cures & Botanical Distribution Inc. (OTCPINK: GRCU), formerly Triton Distribution Systems, Inc., traded heavily on May 27th with 22,722,885 shares exchanging hands.
Green Cures & Botanical Distribution announced today the completion of its name-change process, and the acquisition of a new ticker symbol, GRCU, and provided corporate update.
The company also announced that with the collaboration of its CEO Robert Calkin, current and upcoming Green Cures & Botanical Distribution products will be advertised on all marketing, and informational material of Cannabis Career Institute and its online network including Cannajobs.com, throughout 2014. This marketing opportunity marks the first step to building brand recognition for the products labeled Green Magic and Green Cures, within the cannabis industry and the online community. It is important to note that the company is also moving forward with the previous announcement of producing a set of video commercials set to launch through a national marketing campaign during the third quarter of 2014.
GRCU closed the day at $.032, 39.13% higher than its previous close of $.023.
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Terra Tech Corp. Trades On Par With Three Month Average
Terra Tech Corp. (OTCQB: TRTC) saw its share volume remain strong on May 27th with 6,534,390 shares exchanging hands, slightly higher than its three month daily average volume of 5,136,200 shares.
Terra Tech recently released its financial results for the first quarter of 2014. 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.
"We continued to grow the breadth of our retail relationships throughout the quarter and placed our new 5-acre facility into production, which was a key step in expanding our produce business throughout the remainder of the year," explains Derek Peterson, CEO Terra Tech Corp. "Additionally we took some key steps to begin to increase our exposure to the medical cannabis markets. We see significant demand for domestic based CBD extractions and look forward to working throughout California to develop and distribute a safe and reliable product to retailers."
TRTC closed the day at $.47, up 32.39% from its previous close of $.355.
GreenGro Technologies Releases Progress Update
GreenGro Technologies Inc. (OTCPINK: GRNH) saw its share volume slide on May 27th with 2,436,767 shares exchanging hands, lower than its three month daily average volume of 3,082,380 shares.
GreenGro Technologies released a progress update on the Anaheim Location of Vertical Hydrogarden following a successful soft launch in late March, where month over month revenues have realized an increase of 367 % taking the two stores over $140,000 in April.
The company announced the acquisition in Q1 of 2014 and since has focused on key strategic management hires that would propel sales of not only the Anaheim Location but the Roseville location as well. Economies of scale have since been realized with the negotiation of new manufacturing and distribution agreements from preferred partners; optimized order processing and inventory fulfillment contracts; and optimized store redesigns that increase margins and profitability of each location.
"We are excited to be at this stage of growth for the retail arms of our company. We recognize the importance of obtaining and aligning our resources for further growth and we are as prepared as we could be as we head into this next phase. The revenue growth already realized is an early indication of what we expect in the future," states James Haas, CEO, Greengro Technologies.
GRNH closed the day at $.2331, 15.68% higher than its previous close of $.2015.
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