The beverage industry has drawn considerable interest from investors in recent times and one of the companies which could well be worth tracking at this point is Golden Grail Technology (OTCMKTS:GOGY). It is a fast growing business and is focussed on building its beverage portfolio.
On Thursday, GOGY stock moved down 40.40% to $0.2250 with more than 1.35 million shares, compared to its average volume of 62.96K shares. The stock moved within a range of $0.1500 – 0.4095 after opening trade at $0.3750.
Golden Grail Technology (OTC: GOGY) Announces Distribution Agreement with Elite Nutritional Products
Yesterday, the company was in the news after it announced that it had gone into a distribution agreement with the firm Elite Nutritional Products for the purpose of distributing its Sway Energy Drinks in the states of Idaho, Oregon and Washington. The signing of new distribution agreements is almost always a positive for a beverage company since it implies an expansion of its market foot print.
Elite Nutritional Products had been established back in 1984 as a wholesaler and distributor of fitness equipment as well as nutritional products. The company has a network of retailers that encompass convenience stores, physical therapists, golf, gymnastics, mixed martial arts and chiropractors among others.
The product Sway Energy is unique in nature since it is a vitamin infused drink that also provides clean energy to the consumer thanks to the natural organic green tea that it contains. The Chief Executive Officer of Golden Grail Technology Steve Hoffman noted that a partnership with Elite Nutritional Products would expand the company’s foot print in the Pacific Northwest.