Greene Concepts Inc. (OTC: INKW) Stock Pulls Back After Potential Partnership with Major Midwest Grocery Chain
On Tuesday, Greene Concepts Inc. (OTC: INKW) was one of the companies that came on to the radars of investors in a big way following a key new announcement. Ahead of the beginning of training today, it could be a good time to take a closer look into it.
Key Discussions
The company announced this morning that it had been involved in discussions with a major grocery chain based out of the Midwest boasting of more than 2000 retail locations. The possible deal could be a game changer for Greene Concepts’ BE WATER product, which could be made available to consumers in the region.
It was noted that the grocery chain was known for its high-quality offerings and engagement with the community. During the talks, it requested Greene Concepts for proposals and pricing details, which were under review after the company provided them.
Major Opportunity
The company also stated that the development was a major new opportunity to expand the footprint of BE WATER distribution so that it could provide its natural hydration to a larger pool of customers across the United States. Green Concepts also stated that the potential partnership with a well-known and respected grocery chain would also be a major plus.
CEO Quote
Lenny Greene, CEO of Greene Concepts, shared his enthusiasm: “This opportunity aligns perfectly with our vision to make BE WATER a household name. Partnering with such a well-respected grocery chain would enable us to reach a broader audience, bringing the pure and refreshing taste of BE WATER to more families across the Midwest.”
Technicals
| +/- EMA(20) | 0.0016 (-25.00%) |
| +/- SMA(50) | 0.0018 (-33.33%) |
| +/- SMA(200) | 0.0024 (-50.00%) |
| 5-Day Perf. | -20% |
| 1-Month Perf. | -42.86% |
| 3-Month Perf. | -33.33% |
| 6-Month Perf. | -67.57% |
| YTD Perf. | -45.45% |
| 1-Year Perf. | -55.56% |
| RSI(14) | 29.42 |
| ATR(14) | – |
| ADX(14) | 34.67 |
| Beta (5Y) | 0.02 |
