Welcome to our dedicated page for MDWERKS news (Ticker: MDWK), a resource for investors and traders seeking the latest updates and insights on MDWERKS stock.
MDWerks, Inc. reports company developments around sustainable technology applications and its Two Trees Beverage Company subsidiary. News about MDWK centers on Two Trees' patented Spirits Rapid Aging System (SRAS), its Sustainably Matured aging process, branded spirits, private-label whiskey production, white-label aging services, and collaborations that use spirits-saturated wood by-products.
Company updates also discuss MDWerks' patented energy wave technology platform, applications in alcoholic beverages and wood manufacturing, including the Molecular Sawdust Drying System (MSDS), OTCQB public-company reporting, shareholder updates, and board composition changes. Recurring beverage items include new products, customer relationships, tasting-room and brand activity, and spirits competition recognition.
MDWerks' subsidiary Two Trees Beverage Company has partnered with Green Glass Global, a leading independent wine and spirits broker, to enhance its sales initiatives. This collaboration aims to place Two Trees® and Tim Smith Spirits® branded products in front of key purchasing decision-makers nationwide, including major on- and off-premise chains, independent direct buyers, and distributors.
The partnership leverages Green Glass Global's experienced team and industry relationships to expand Two Trees' sales footprint and drive growth. Green Glass Global's connections with large blue-chip chain retailers in the US are expected to provide new exposure for Two Trees' products. The collaboration is anticipated to benefit both companies, with Two Trees' focus on sustainability and award-winning whiskeys aligning well with Green Glass Global's purchase audiences.
MDWerks (OTC: MDWK) announced that its subsidiary, Two Trees Beverage Company, will be featured on Viewpoint, an educational TV series hosted by Dennis Quaid. The segment, airing nationally on public television during the week of September 30, 2024, will highlight Two Trees' patented Sustainably Matured™ technology in the fine spirits industry.
The documentary is expected to reach over 60 million US households. A one-minute commercial for Two Trees will also air on major networks between September 9-30, 2024. Two Trees' technology reduces aging time, wood consumption, energy use, and barrel storage space compared to traditional methods, promoting sustainability and reducing carbon footprint. This method can produce the equivalent of 25 or more barrels from one oak tree, compared to 2-3 barrels in traditional processes.
MDWerks announced that its common stock has transitioned to trading on the OTC Expert Market under the ticker 'MDWK'. This change is due to the company's failure to timely file its Annual Report on Form 10-K for the fiscal year ending December 31, 2023, with the SEC. Previously, the company filed a Form 12b-25, citing the need for additional time to complete year-end procedures and the audit. MDWerks is actively working to finalize these procedures and aims to file the Form 10-K soon to restore its trading status on the OTC Pink Market.
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