Eco-Growth Strategies, Inc. Announces Merger Agreement to Acquire Hawaiian Springs Water in Hilo, HI
Rhea-AI Summary
Eco-Growth Strategies (OTC PINK: ECGS) has announced a merger agreement to acquire Hawaiian Springs Water Company (HSW) for $4.5 million. The acquisition includes a 33,000-square-foot bottling facility on 7 acres of leased land near Hilo, HI, equipped with a solar farm for alternative power.
The deal's completion is contingent on successful due diligence and ECGS's planned uplisting to a senior exchange by Q2 2025. HSW, established over 20 years ago, generates $4 million in annual revenue and maintains distribution in approximately 20,000 locations across Hawaii and mainland USA through grocery stores, retail outlets, and online platforms.
Positive
- Acquisition adds established brand with $4M annual revenue
- Modern 33,000 sq ft facility with solar power infrastructure
- Wide distribution network across 20,000 locations
- Strategic expansion of Hawaiian Isles Water brand portfolio
Negative
- Acquisition contingent on successful uplisting to senior exchange
- Deal requires $4.5M capital commitment
News Market Reaction – ECGS
In the trading session that priced this news, ECGS gained 9.48%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Hawaiian Springs Water, founded over 20 years ago, is a well-established brand with a presence in approximately 20,000 locations across
W.J. (Bill) Delgado, CEO of ECGS, stated, "This acquisition enhances our Hawaiian Isles Water brand by adding a premium spring water product sourced from the pristine lava rock formations of the Big Island. With strategic investment in plant infrastructure and bottling equipment, we anticipate increased demand and expanded market opportunities."
About Eco-Growth Strategies, Inc.
Eco-Growth Strategies, Inc. is a restructured and growth-focused bottler specializing in purified and natural spring water. With a focus on the Hawaiian Islands,
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Lewis Cohen
l.cohen@hawaiianisleswater.com
925-260-6434
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SOURCE Eco-Growth Strategies, Inc.