Green Cures & Botanical Distribution (OTCMKTS:GRCU) Stock Gains Momentum After Recent News

Owing to the rally enjoyed by the Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) stock on Wednesday, it is quite likely that it is going to come on to the radars of investors this morning. Following a key announcement from the company the stock ended up with gains of as much as 7% for the day.

Trading Data

On Wednesday, GRCU stock jumped 6.67% to $0.0008 with more than 12.19 million shares, compared to its average volume of 2.23 million shares. The stock moved within a range of $0.0007 – 0.0009 after opening trade at $0.0008.

The company announced yesterday that it had signed a Memorandum of Understanding with the New York based Greenholder Corporation. The Chief Executive Officer of Green Cures & Botanical Distribution, Mr. Takeo spoke about the latest development as well. He noted that the agreement would give the company access to different industries like agriculture, health, energy and agricultural technology.

Moreover, the company is trying to become a diversified holding company and is currently on the lookout for ways in which it could boost shareholder value. As per the provisions of the agreement between the two parties, they are going to set up a framework by way of which they would be involved in the development, coordination and execution of transactions and projects. The news came as a source of optimism for investors and it would be interesting to see if the Green Cures & Botanical Distribution stock adds to its gains today.