Investors are expected to look extensively into the stocks of those companies that may have been in the news on Thursday, and one such company could be Greene Concepts Inc. (OTC: INKW). Yesterday, the company hit the news cycle after it made an announcement about a key new partnership. It may be a good time to take a closer look.
TEN Partnership
The company announced yesterday that it had gone into a new partnership with TEN Alkaline Water Springs, a major brand involved in the alkaline water market. TEN Alkaline is particularly known for its products having a pH level of as much as 10. Thanks to the latest partnership, Greene Concepts would act as the third-party white-label manufacturer for the gallon-sized water products from TEN.
Key Details
The manufacturing would take place at the company’s bottling facility located in Marion, North Carolina. It would ultimately help in expanding the retail reach of TEN’s products. In the news release, the company further added that the white label manufacturing offered considerable advantages like consistency in quality, lower costs per unit, and greater adaptability to changing market trends. It may be a good time to add the stock to your watch list.
Management Quote
TEN Alkaline Spring Water founder and Managing Principal, Jose Fernandez, states, “As an entrepreneur and executive, I prioritize quality partnerships, health and hydration in the marketplace, and customer satisfaction. This alliance with Greene Concepts perfectly aligns with these values. I’m impressed by their water quality and production capabilities, which ensure our high-pH water continues to meet the expectations of our customers. Partnering with Greene Concepts to produce white label gallons at their facility is an exciting step forward, and I look forward to the opportunities this collaboration will bring.”
Technicals
| +/- EMA(20) | 0.0013 (+53.85%) |
| +/- SMA(50) | 0.0012 (+66.67%) |
| +/- SMA(200) | 0.0021 (-4.76%) |
| 5-Day Perf. | +53.85% |
| 1-Month Perf. | +81.82% |
| 3-Month Perf. | -4.76% |
| 6-Month Perf. | +11.11% |
| YTD Perf. | +122.22% |
| 1-Year Perf. | -9.09% |
| RSI(14) | 76.19 |
| ATR(14) | – |
| ADX(14) | 28.42 |
| Beta (5Y) | 0.03 |
