Greene Concepts Inc. (OTC:INKW) Stock Extends Rally: How To Trade Now?
The new week kicked off with a key announcement from Greene Concepts Inc. (OTC:INKW) with regards to an update about its Marion, North Carolina, bottling plant in the aftermath of Hurricane Helene. The company announced that the plant, employees, and equipment were safe following the hurricane in Western North Carolina.
Greene Concepts Marion, NC Bottling Plant and Employees Safe After Hurricane Helene
The company went on to note that due to the location of the plant being on higher ground, there had been no danger of flooding, and there was no damage owing to the storm either. That being said, Greene Concepts stated that the plant was without electricity since the nearby areas had been affected significantly by the extreme flooding and disruptions to services.
The company had also remained in direct contact with McDowell County emergency services in order to provide any support wherever required. Greene Concepts provided the update in order to assure investors about the situation with their plant.
It had also informed the local officials that the company was willing to assist the country in any way necessary. It was further noted that the commitment of Greene Concepts was focused on supporting the local community while continuing to meet the obligations of the business partners as well as retail partners.
Management Comment
Lenny Greene, CEO of Greene Concepts, states, “The aftermath of Hurricane Helene has significantly affected the Western North Carolina region, but I want to assure our investors that our plant, staff, and equipment are safe. We’ve informed local officials that we are ready to assist the county in any way we can. Our priority is to support our community while continuing to meet the demands of our retail and business partners.”
Fundamentals
| P/E Ratio | -5.8000 |
| PEG Ratio | – |
| Price to Book | 1.49 |
| Price to Cash Flow | – |
| Price to Free Cash Flow | – |
| Total Sales (TTM) | 0.74 M |
| Revenue per Share (TTM) | 0.00 |
| Shares Outstanding | 2.122 B |
