MINNEAPOLIS, June 15, 2018 /PRNewswire/ —
Dear Avalon Oil and Gas, Inc. Shareholders:
I would like to thank you for being an Avalon Oil & Gas, Inc. shareholder. We have some exciting news to share with you. We have announced a corporate name change to ‘Groove Botanicals, Inc.’ Our new ticker symbol is ‘GRVE’ and the new CUSIP number is 398845107. This change was effective Monday, May 14th, 2018.
Our Company’s new name reflects our new corporate direction as a consumer health products company dedicated to improving people’s health and well-being. We will assemble a portfolio of assets via royalty agreements, equity investments, and licensing agreements, as well as develop our own proprietary CBD skincare product line. Our products will contain premium hemp extracts with a broad range of cannabinoids, including cannabidiol (CBD). CBD is a cannabinoid compound naturally derived from the hemp plant. It is not a drug and has no intoxicating effects, but has a long history of natural uses. Recent breakthroughs in research have shown the powerful health benefits of CBD on the body. CBD is also rich in vitamins A, B, D, and E, antioxidants, and fatty acids, all of which dramatically improve skin health. When applied topically to the skin, CBD has been shown to reduce inflammation, retain skin moisture levels, reduce cellular damage, inhibit oil production leading to breakouts, and protect skin from free radicals that damage collagen and elastin.
We have partnered with top leaders in CBD research, cultivation, and extraction to create the world’s finest cannabinoid skincare products. Our Groove Botanicals, Inc. proprietary CB3 Skincare line launches with three foundational products: Revita Wash, a gentle yet effective daily wash that removes toxins and smooths skin; Phyto Lotion, a light-weight, long-lasting daily moisturizer that hydrates, softens, and protects;