Golden Grail Technology (OTCMKTS:GOGY) Stock Gains Momentum: Here is Why

Golden Grail Technology (OTCMKTS:GOGY), which operates under the name Golden Grail Beverages, is one of the major players in the fast growing beverages industry and yesterday the company announced a new partnership.

Trading Data

On Tuesday, GOGY stock moved up 5.77% to $0.8108 with more than 117.83K shares, compared to volume of 155.90K shares. The stock moved within a range of $0.7500 – 0.8299 after opening trade at $0.7600.

Golden Grail Beverages (OTC: GOGY) Brings Spider Energy Drinks to Consumers at Grocery Outlet Stores Across the Country

The company announced yesterday that it had gone into a partnership with the firm Grocery Outlet and thereby making the range of Spider Energy drinks available to consumers across the United States. Grocery Outlet has a large operation and currently operates as many as 400 locations across the states of Washington, California, Nevada, New Jersey, Pennsylvania, Idaho, Maryland and Oregon. Every week the company serves as many as 1.5 customers at its stores.

Hence, it is clear to see that Golden Grail Technology would be able to get its Spider Energy range of drinks to a large number of consumers thanks to this partnership. Spider Energy drinks are well-known for packing in essential Vitamin B, great taste, energy boosting ingredients and electrolytes. A pack of the drink is made available with 250 mg of taurine, guarana and caffeine so as to provide the right amount of energy to consumers to charge their day. However, the deal with Grocery Outlet could legitimately take the distribution of the product to a new level.