As another trading week begins, investors are expected to look into stocks of those companies that may have been in focus last Friday, and one such company is Greene Concepts Inc. (OTC: INKW). On January 10 the company announced that it had made considerable progress following the expanded distribution of its product, BE WATER.
BE WATER Distribution
On December 17, 2024, Greene Concepts had announced that the product was going to be distributed in six Southeastern states. The states in question were Florida, Tennessee, South Carolina, North Carolina, Georgia, and Alabama. The company announced last Friday that the preparations were already in full swing to complete the rollout of the product successfully in those markets.
Walmart Backing
More importantly, retail giant Walmart had also reiterated its support for the rollout. The retail behemoth would not only assist with the rollout of BE WATER across all its outlets spread across the six above-mentioned states but also help with the company’s expansion plans in other regions of the United States. It was further noted that Walmart recognized that BE WATER was a premium brand that could compete with some of the better-known premium brands on the market and eventually become the top player in the segment.
CEO Quote
Lenny Greene, CEO of Greene Concepts, stated, “Walmart recognizes BE WATER as a premium brand capable of competing with major bottled water manufacturers and establishing itself as a top marketplace contender. They appreciate our quality, our values, and our dedication to the health and well-being of our customers. Additionally, being a U.S.-based brand further strengthens our position.”
Technicals
| +/- EMA(20) | 0.0011 (+36.36%) |
| +/- SMA(50) | 0.0012 (+25.00%) |
| +/- SMA(200) | 0.0021 (-28.57%) |
| 5-Day Perf. | +50% |
| 1-Month Perf. | +50% |
| 3-Month Perf. | -21.05% |
| 6-Month Perf. | -16.67% |
| YTD Perf. | +66.67% |
| 1-Year Perf. | -31.82% |
| RSI(14) | 67.75 |
| ATR(14) | – |
| ADX(14) | 22.93 |
| Beta (5Y) | 0.03 |
