Welcome to our dedicated page for Eco-Growth Strategies news (Ticker: ECGS), a resource for investors and traders seeking the latest updates and insights on Eco-Growth Strategies stock.
Eco-Growth Strategies, Inc. (OTC: ECGS) is a Hawaii-based bottled water and beverage company focused on purified and natural spring water sourced from the Hawaiian Islands. This news page aggregates company-issued press releases and other coverage related to its operations, facilities, brands, and capital-markets plans.
Recent news has highlighted Eco-Growth Strategies’ acquisition of the assets of Hawaiian Isles Water, a long-established purified water brand in the Hawaiian Islands, and its work to reopen the associated bottling plant in Aiea, Hawaii. The company has also announced a merger agreement to acquire Hawaiian Springs Water Company near Hilo, Hawaii, adding a premium spring water brand and additional production capacity, subject to conditions described by the company.
Investors and observers can follow updates on facility repairs and upgrades, production planning, and development of Hawaiian water brands, as well as announcements about advisory engagements, investor relations initiatives, and capital raised through equity and convertible note investments. The company’s multi-year uplisting readiness strategy is another recurring theme, including reservation of a preferred Nasdaq ticker symbol, engagement of a PCAOB-registered auditor, and board-approved plans to enhance financial reporting, governance, and public-company infrastructure.
This page is useful for tracking how Eco-Growth Strategies describes its strategic direction, including its focus on Hawaiian water production, potential acquisitions, and evaluation of institutional funding options. For those monitoring ECGS, the news feed offers ongoing context around operational milestones, corporate development steps, and the company’s stated objectives related to a potential future application for listing on a national securities exchange.
Eco-Growth Strategies (OTC PINK:ECGS) has signed a national distribution agreement with Global Garden, a leading distributor of hydroponic supplies. This agreement enables Global Garden to distribute Eco-Growth's flagship product, 454 Bags, which is recognized in the cannabis post-harvest market. The collaboration aims to provide high-quality, eco-friendly solutions to growers across the U.S. Eco-Growth is committed to sourcing and manufacturing CBD products from premium North American hemp.
Eco-Growth Strategies (OTC PINK:ECGS) has launched a subsidiary, Eco-Growth Supplies, Inc., to cater to the growing hemp market. The flagship product, the 454 Bag, is a 454-gram recyclable bag designed for farmers and distributors. Made from a proprietary PET/PE blend, it offers superior odor control and protection compared to non-recyclable options. The company anticipates generating $2 million in revenue from this product alone in 2021. This launch aligns with the company's mission to promote environmentally friendly solutions in the CBD sector.
Eco-Growth Strategies (OTC PINK: ECGS) reported significant business growth from its subsidiary, Hara Flow, Inc., during the holiday sales period. The company achieved a 146% year-over-year increase in gross revenue and a 126% rise in orders. Notably, weekend sales surged by 700% over average sales, while customer turnout improved by 175% year-over-year. The leadership expressed confidence that this momentum will persist into 2021, suggesting a strong outlook for their CBD product line amidst the ongoing pandemic challenges.
Eco-Growth Strategies (OTC PINK: ECGS) announced a joint venture with Sedona Synergy, focusing on the extraction of hemp biomass. Eco-Growth will control a majority stake and has the option to acquire Sedona fully in the future. The venture aims to utilize advanced extraction technology for higher efficiency of CBD and other cannabinoids. Eco-Growth will supply extraction machines and cash for facility upgrades. The existing contract pipeline, valued at $4 million for one million pounds of biomass, will be shared based on ownership percentages.
Eco-Growth Strategies (OTC Pink Sheet: ECGS) has successfully completed the acquisition of HARA, a premium hemp-based CBD company targeting athletes and health-conscious consumers. This strategic move aims to enhance Eco-Growth's portfolio with high-quality CBD products while also expanding into the pet product sector. The acquisition aligns with the company's bolt-on strategy for growth and enhances its extraction capabilities through its subsidiary, XtractionOne Plus. The partnership is intended to leverage HARA's existing loyal customer base and product expertise.
SACRAMENTO, CA / ACCESSWIRE / September 9, 2020 / Eco-Growth Strategies, Inc (OTC PINK: ECGS), a nutraceutical firm focused on premium CBD products, has engaged Turner Stone & Company to conduct an eight-quarter audit of its finances, a necessary step for SEC registration. The audit will take 60 to 90 days. Additionally, Donald S. Bicking & Associates will provide ongoing financial advisory services. CEO William Delgado expressed confidence in these firms, viewing them as crucial for transitioning from the Pink Sheets to fully reporting status.