The receipt of new orders is almost always seen as a significant new development for any company, and hence, it may be a good idea for investors to consider keeping an eye on the Greene Concepts Inc. (OTC: INKW) stock. On Wednesday, the company was in focus after it made an announcement with regards to its growing number of orders. In this feature, we take a closer look.
The Announcement
Greene Concepts announced yesterday that it had continued to receive new orders for its third-party white-label manufacturing of its products in gallon-sized configurations. In the news release, the company went on to add that it had also expanded the truckloads of its gallon-sized deliveries and that it included its existing partnership with TEN Alkaline Spring Water.
Further Information
The partnership with TEN Alkaline had been announced by Greene Concepts in a news release earlier this year on January 16, 2025, and the initial news had first surfaced in another news release on May 21, 2024. The company also stated in yesterday’s news release that there was continued growth in white label production, and as a consequence, it had taken certain steps to continue to thrive in the space.
CEO Quote
Lenny Greene, CEO of Greene Concepts, states, “Our strengths in third-party white-label gallon production lie in our premium artesian spring water, eco-friendly packaging, and expanded retail reach. Increased demand for our water means greater product availability in regional and national markets. Our gallon line not only supports other brands but also drives our own sales growth.”
Technicals
| +/- EMA(20) | 0.0014 (+21.43%) |
| +/- SMA(50) | 0.0013 (+30.77%) |
| +/- SMA(200) | 0.002 (-15.00%) |
| 5-Day Perf. | +30.77% |
| 1-Month Perf. | +13.33% |
| 3-Month Perf. | +41.67% |
| 6-Month Perf. | -15% |
| YTD Perf. | +88.89% |
| 1-Year Perf. | -15% |
| RSI(14) | 58.75 |
| ATR(14) | – |
| ADX(14) | 18.78 |
| Beta (5Y) | 0.02 |
