Welcome to our dedicated page for Greene Concepts news (Ticker: INKW), a resource for investors and traders seeking the latest updates and insights on Greene Concepts stock.
Greene Concepts, Inc. (INKW) generates frequent news as it develops its Be Water™ brand, expands production capacity, and pursues new partnerships and channels. The company owns and operates a 60,000-square-foot bottling and beverage facility in Marion, North Carolina, where it produces premium artesian spring water sourced from a natural aquifer beneath the Blue Ridge Mountains. News coverage often highlights how this source, along with the company’s packaging and distribution strategies, shapes Be Water’s position in the bottled water and beverage market.
Investors and observers following INKW news can expect updates on national retail expansion, including Be Water’s availability through major retailers such as Walmart and Camping World and participation in specialty marketplaces like Posh Pantry. Releases also cover Greene Concepts’ white-label and private-label manufacturing work, including its role as a producer for other spring water brands and its status as a Preferred Partner on the Keychain CPG manufacturing platform.
Company announcements frequently address operational developments at the Marion facility, such as scaling production to meet rising demand, enhancing a large-scale onsite refill station, and introducing new formats like gallon bottles and Tetra Pak® carton packaging. Greene Concepts also issues news about humanitarian bulk-water initiatives, including partnerships to supply artesian water to regions facing severe water shortages, and about its exploration of rare earth minerals and precious metals on its property.
This INKW news page on Stock Titan brings together these updates so readers can follow Greene Concepts’ progress across retail distribution, co-packing relationships, sustainability initiatives, facility enhancements, and natural resource exploration.
Greene Concepts Inc. (OTC Pink: INKW) has announced the cancellation and removal of all outstanding convertible notes from its financial statements, effective July 31, 2024. This move results in a debt reduction of $313,995.68, which could have potentially led to over 6.2 billion additional shares if converted at the stated rate of $0.00005 per share.
CEO Lenny Greene emphasized that this action protects shareholder value by preventing significant dilution and aims to enhance earnings per share. The company views this as a demonstration of its commitment to improving financial stability and aligning with strategic goals to make BE WATER™ a nationally recognized brand. The debt elimination will be reflected in the upcoming annual report.
Greene Concepts Inc. (OTC Pink: INKW) reports that its Marion, NC bottling plant, equipment, and employees are safe following Hurricane Helene in Western North Carolina. The plant's location on higher ground prevented flooding risks, although it is currently without electricity. The surrounding area, including Asheville, has been severely impacted by flooding and service disruptions.
Greene Concepts has been in direct communication with McDowell County emergency services, offering support where needed. CEO Lenny Greene assures investors of the plant's safety and states the company's readiness to assist the county while continuing to meet demands from retail and business partners.
Greene Concepts (OTC Pink: INKW) has been invited to Walmart's 2024 Open Call event for the second consecutive year. The company will showcase its new gallon-sized BE WATER™ jugs to Walmart and Sam's Club buyers, expanding from last year's success with its 16.9 oz bottles.
CEO Lenny Greene highlighted strong sales in North and South Carolina and Walmart's growing partnership. The event takes place on September 24-25 at Walmart HQ in Bentonville, AR.
BE WATER™ will be available for over 1,000 attendees and several hundred Walmart associates. Greene Concepts will also participate in the Mentoring Program to assist new vendors.
Greene Concepts Inc. (OTC Pink: INKW) reports continued growth of its BE WATER brand in the expanding bottled water industry. The company's sales have increased, driven by BE WATER's presence in Walmart stores across North and South Carolina, as well as Camping World. The global bottled water industry, valued at $318 billion in 2023, is projected to reach $538.58 billion by 2033, growing at a CAGR of 5.4%.
In the U.S., the bottled water market leads globally, with the highest sales volume ever in 2022. The U.S. market is estimated at $44.6 billion in 2023 and expected to grow to $47.42 billion in 2024, with a CAGR of 5.8%. BE WATER, a premium artesian spring water brand, was the 2023 Recipient of Walmart's Open Call Golden Ticket Award and began rolling out to Walmart stores in the Southeast in May 2024.
Greene Concepts Inc. (OTC Pink: INKW) is promoting its BE WATER™ artesian spring water as a natural hydration solution for the summer season. The company emphasizes that BE WATER contains essential minerals and electrolytes such as calcium, magnesium, and silica, which offer various health benefits.
CEO Lenny Greene highlights the advantages of natural spring water over tap and purified bottled water, citing a January 2024 Banner Health article. He stresses that BE WATER's artesian source provides naturally filtered water enriched with minerals that support hydration, cell restoration, and energy boosting.
The company encourages consumers to 'Hydrate to Elevate' with BE WATER, emphasizing its role in promoting overall health and wellness. A 2017 Harvard School of Public Health article is referenced to underscore the importance of proper hydration for various bodily functions.
Greene Concepts, Inc. ($INKW) has hired Anderson Merchandisers to enhance the presence of its BE WATER™ product in Walmart stores across North and South Carolina. Anderson Merchandisers, known for its innovative retail merchandising solutions, will utilize advanced technology and data analytics to optimize BE WATER's product placement, inventory management, and sales strategies.
CEO Lenny Greene emphasized the importance of maximizing BE WATER's impact and sales at each Walmart location. Anderson's services are expected to ensure 95% or greater compliance in on-shelf availability and reorder levels. The partnership aims to increase sales, reduce shrinkage, and provide real-time monitoring of BE WATER's product movement, positioning the brand for ongoing success in Walmart stores.
Greene Concepts has been invited by Walmart to mentor new vendors at the 2024 Open Call event. This will occur at Walmart's HQ in Bentonville, Arkansas, on September 24-25. Greene Concepts, which received a Walmart 'Golden Ticket' for its BE WATER™ brand at the 2023 Open Call, will share best practices, including employee training and logistics. CEO Lenny Greene expressed pride in this recognition and aims to assist other companies in their Walmart onboarding journey. The event allows companies with golden tickets to sell their products in Walmart stores.
Greene Concepts is working to enhance the retail presence, awareness, and sales of its BE WATER brand in Walmart stores. The company's brand ambassador, Pancho Alvarez, is focused on positioning and promoting BE WATER to ensure it meets customer needs. He aims to visit stores, confirming adequate stock and optimal display, while leveraging social media for broader outreach. CEO Lenny Greene emphasizes Pancho's role in bolstering brand perception, customer relationships, and sales growth, aligning with the company's strategic objectives for 2024 and beyond. The initiative aims for national recognition of BE WATER.
Greene Concepts (INKW) reports significant growth in sales of its BE WATER™ brand on Walmart Marketplace. Since launching on Walmart.com on September 21, 2023, the company has seen an increase in online sales and positive customer reviews. CEO Lenny Greene highlights that Walmart Marketplace's rapid growth and efficiency have driven their sales and expanded their national reach. The company's Q3 financial report for April 30, 2024, shows improvements: sales up by 2.6%, inventory up by 4.9%, accounts receivable up by 130.2%, and accounts payable down by 65.8% compared to Q2. BE WATER is sourced and bottled in Marion, North Carolina.
On June 7, 2024, Greene Concepts (OTC Pink: INKW) and Tocca Life Holdings (OTC Pink: TLIF) announced their feature on New to the Street, a business show with a broad reach of 224 million households weekly. The interview with Greene Concepts CEO Lenny Greene highlighted significant milestones such as Walmart shelf placement for BE WATER™, continuous Walmart purchase orders, and the expansion of Tocca Life's rock climbing centers. The broadcast, aired on Bloomberg TV, emphasized the companies' growth and market presence. Greene expressed enthusiasm about the exposure, while Tocca Life's CEO Stephen Carnes noted the importance of their partnership and future growth initiatives.