Greene Concepts Stock Price, News & Analysis

Greene Concepts, Inc. (OTC Pink: INKW) has extended its sponsorship of Dawson "DK" Cram for the NASCAR Camping World Truck Series, covering the upcoming Martinsville Speedway and Phoenix Raceway races on October 30 and November 5. This partnership aims to leverage NASCAR's broad visibility, enhancing brand awareness for Be Water, the company's flagship product. CEO Lenny Greene emphasized the potential market value of their continued collaboration with Cram Racing, highlighting the brand loyalty among NASCAR viewers.

Greene Concepts, Inc. (OTC Pink: INKW) is preparing to launch its hemp-infused beverage, Happy Mellow Immune Support, by the end of 2021. The hemp beverage market is projected to reach $216.8 billion by 2028, highlighting significant growth potential. The beverage features key ingredients like Vitamin C, D3, Zinc, and Selenium, and a high-water soluble hemp extract for improved absorption. CEO Lenny Greene emphasized the careful product development in compliance with FDA regulations and plans for an updated label to enhance consumer awareness.

Greene Concepts (OTC Pink: INKW) has acquired Stay Hemp 4 Life LLC as a wholly owned subsidiary, enhancing its presence in the sports drink market. Stay Hemp specializes in all-natural hemp-infused sports beverages. Each 20 FL OZ drink contains 20 MG of a proprietary hemp extract combined with essential vitamins. The acquisition expands Greene's product line by 600% and taps into the growing $22.37 billion sports drink industry. The drinks are free from THC, ensuring compliance with the 2018 Farm Bill.

Greene Concepts, Inc. (OTC Pink: INKW) has delivered 15,000 bottles of its Be Water to California residents affected by a severe water shortage and the Dixie Fire, the second largest wildfire in state history. Collaborating with organizations like the California Voluntary Organizations Active in Disaster, the company aims to support those without access to potable water, particularly in rural areas. CEO Lenny Greene emphasizes the importance of providing this essential resource to California communities in need.

Greene Concepts, Inc. (OTC Pink: INKW) is in discussions to acquire a sports hemp beverage company, aiming to enhance its product offerings. This strategic move targets the growing sports drink market, valued at $22.37 billion, with a CAGR of 7.8%. Approximately 60% of U.S. males and 40% of females consume sports drinks, equating to over 165 million potential customers. The acquisition could expand Greene's SKU portfolio and sales significantly, incorporating a range of hemp-infused beverages that support hydration and energy for athletes and casual users alike.

Greene Concepts, Inc. (OTC Pink: INKW) has announced a new distribution agreement with H2O Artesian, Inc. to expand BE WATER^TM sales in Florida. H2O Artesian aims to target national food and beverage retailers, with initial orders totaling five truckloads based on strong pre-sale interest. The team's combined 50 years of sales experience is expected to enhance brand recognition. CEO Lenny Greene anticipates significant revenue growth as H2O Artesian becomes the exclusive distributor in Florida and collaborates with other local distributors.

Greene Concepts, Inc. (OTC Pink: INKW) reports a significant increase in sales of its BE WATER bottled water through Amazon, facilitated by the expansion of Fulfillment by Amazon distribution centers from 19 to 23. This growth enables faster delivery to consumers nationwide, enhancing the product's accessibility via Amazon Prime. CEO Lenny Greene highlights the transition to new product labeling and the health benefits of BE WATER, aiming for broader distribution and recognition as Amazon's Choice in multiple markets.

Greene Concepts, Inc. (OTC Pink: INKW) announced a significant partnership with Camping World to distribute its premium artesian BE WATER in over 175 retail locations across 38 states. The company has secured a purchase order for two million bottles, initiating increased production schedules. Shipments are already on their way to three distribution centers in Bakersfield, CA, Lebanon, IN, and Franklin, KY. This deal highlights Greene Concepts' manufacturing capacity and taps into the growing bottled water market, projected to reach $505.19 billion by 2028 with a CAGR of 11.1%.