Fast-growing company with a strategic mission to build and streamline the growth of its beverage portfolio, Golden Grail Technology (OTCMKTS:GOGY), on October 7, 2022, announced a new production run of the Sketch Can by Tickle Water. It is estimated that over half of the initial production run of Sketch Can by Tickle Water was sold once it came off the production line.
On Friday, GOGY stock moved up 7.23% to $0.0100 with more than 144.95K shares traded, compared to volume of 101.61K shares. The stock moved within a range of $0.2770 – 0.3200 after opening trading at $0.2844.
Golden Grail Technology (OTC: GOGY) Announces 2nd Production Run of Sketch Can by Tickle Water
Steven Hoffman, CEO, of Golden Grail Tech Beverages said that the response to the first run was significant and the company has ordered the second production quicker than expected. Hoffman added that the second production would make sure that the firm is prepared to meet the demands of distributors and for the upcoming direct-to-consumer sales.
Sketch Can have a social media hashtag and personalization space for inviting fans to interact with the brand by sharing sketches. It is aimed at the US Tween Market (kids ages 8 to 14), boasting $43 billion worth of annual spending power.
Golden Grail Technology targets brands having a proven sales history as well as retail presence wanting assistance. The company has acquired brands in emerging and growing beverage categories. The firm’s product offerings are Spider Energy Drink, Tickle Water for kids, Trevi Fruit Essence Water, Sketch Can for Tweens as well as Cause Water & KOZ Water.
“The response to our first run was so great we have ordered a second production run sooner than anticipated. The second production run will ensure that the company is prepared to meet the demands of our distributors as well as be prepared for our upcoming direct to consumer sales.” said Steven Hoffman, CEO, Golden Grail Tech Beverages.
GOGY stock is trading above the 20-Day and 50-Day Moving averages of $0.23 and $0.19 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.24.