Greene Concepts Inc. (OTC: INKW) Stock Is Under Pressure: Here Is Why

The beverage sector has been in sharp focus among investors for quite a while, and if you are interested in an innovative company from the sector, then Greene Concepts Inc. (OTC: INKW) could be one to watch out for. This morning the company came into focus in a big way after it made a major new announcement with regards to its BE WATER product.

BE WATER Token

BE WATER is one of the company’s more popular products, and this morning Greene Concepts announced that it was going to release a BE WATER crypto token. In the news release, the company noted that the innovative digital asset would be made available on the Ethereum blockchain and will represent a combination of utility and value. The company went on to state that the token would also embody the spirit of adaptability and resilience, which have become the essence of the wider crypto market.

Further Details

Greene Concepts stated that the BE WATER crypto tokens that would be made available on the Ethereum blockchain would also be combined with the company’s physical line of products. The redeemable codes would be printed onto the packaging of the BE WATER product and enable consumers to redeem the purchases in exchange for tokens. 

CEO Quote

Lenny Greene, CEO of Greene Concepts Inc., shared his vision: “With the BE WATER™ crypto token on the Ethereum blockchain, we’re not just launching a new product; we’re redefining how businesses can operate at the intersection of physical and digital realms. This initiative will unlock new growth avenues for Greene Concepts, enhancing our operational resilience and market position. We’re excited to bring this level of innovation to our customers, merging philosophy with practical utility in the digital asset space.”

Traders Notes

+/- EMA(20)0.0015 (+6.67%)
+/- SMA(50)0.0012 (+33.33%)
+/- SMA(200)0.0021 (-23.81%)
5-Day Perf.-20%
1-Month Perf.+60%
3-Month Perf.-20%
6-Month Perf.
YTD Perf.+77.78%
1-Year Perf.-27.27%
RSI(14)56.42
ATR(14)
ADX(14)30.12
Beta (5Y)0.04