Makw
1日前
https://www.otcmarkets.com/stock/INKW/news/Greene-Concepts-Prepares-for-BE-WATER-Expansion-Across-Multiple-Southeast-States?id=462594
Marion, North Carolina--(Newsfile Corp. - December 17, 2024) - Greene Concepts Inc. (OTC Pink: INKW) is pleased to announce the upcoming expansion of its BE WATER™ distribution to all Walmart stores across six Southeast states: North Carolina, South Carolina, Alabama, Tennessee, Georgia, and Florida. This milestone will bring BE WATER to nearly 65 million people in the region (source: U.S. Census Bureau).
To support this unprecedented rollout—the largest in the company's history—Greene Concepts is ramping up operations at its Marion, North Carolina, bottling facility. Preparations include optimizing every aspect of the production process: increasing inventory of caps, bottles, labels, cases, pallet trays, and case wrapping; enhancing production line accuracy, speed, and quality assurance; and streamlining stacking, storage, and trailer loading procedures.
Lenny Greene, CEO of Greene Concepts, shared his excitement about the expansion: "In anticipation of sustained high-volume shipping across these six states and beyond, we've intensified production to ensure seamless distribution. This marks a pivotal opportunity to significantly increase our sales and brand recognition, and we are more than ready to meet the demand."
Mr. Greene applauds the company's readiness to handle the expansion of BE WATER in Walmart stores across all six states, adding: "This is a pivotal moment in Greene Concepts' history as we finalize the steps necessary to support this monumental endeavor. As our reach propagates to even more Walmart stores, and other large retailers we are very confident in our approach and internal systems to not only support current demand, but even more growth as needed. Continued BE WATER growth is anticipated within the region due to the Southeast's growing population, increased focus on health and wellness, warm climate and its convenience-driven culture which aligns perfectly with BE WATER's on-the-go appeal."
He further emphasized the product's role in serving the community: "BE WATER also offers essential support during hurricane season and other natural disasters, while catering to the region's tourism and events. This expansion reinforces BE WATER's position as a premium, health-conscious, and eco-friendly choice. We are grateful to Walmart for helping us leverage these regional advantages to drive growth and reach new customers."
For a list of Walmart store locations by state, please visit the Walmart Store Directory.
TreasuredTrades
1週前
Bottling plant, Mencis and Greene Concepts timeline:
- Plant was purchased in February 2008 by Christopher Mencis and named North Cove Bottle and Beverage. In 2008, it employed 15 people. This same year, Gross Revenue peaked at $1.6M for the year. President was Christopher Mencis and Vice President was Lee Mencis.
- In 2009, the owner Chris Mencis, received a grant from the State of North Carolina for $310k with the promise that he hire 136 people. At this time, only 14 people were employed at the plant. He advertised that he would invest $6.3M into the plant for expansion and hire these 136 people.
- In 2010, the company had only 3 people employed and made a public announcement that they were adding a line of flavored water called NC Naturals (sometimes referred to as North Cove Naturals which shows to have been owned by Asen Marketing & Advertising Inc).
- In 2011, the company name was changed to North Cove Springs Bottling and Beverage. It was also determined by the state of North Carolina that Mencis was not going to fulfill his promise.
- In 2011, Luke Entertainment Inc changes its name to Greene Concepts.
- In 2012, Christopher Mencis was involved in an illegal gambling scheme.
- In 2014, Christopher Mencis is tried in court for his involvement in the $35M Sotolongo Mortgage Fraud Ring. He pleads guilty before the trial started and gets a reduced sentence. He serves no prison time.
- In 2015, Christopher Mencis provides witness testimony in court for the illegal gambling scheme as well as pleading guilty for his involvement. He gets a reduced sentence and serves no prison time.
- North Cove Springs Bottling and Beverage ceases operations in 2015.
- Mammoth Ventures name first used in 2015.
- A new trial is denied for Christopher Mencis in 2017.
- Mammoth Ventures name trademarked in 2017. The USPTO shows the owners name as Mammoth Ventures and the application handled entirely by an attorney from California at the very beginning stage with no actual name of owner shown.
- In February 2019, Mammoth Ventures of Venice California acquires the North Cove Springs Bottling and Beverage plant and 4.5 acre property along with all bottling and manufacturing equipment from Christopher Mencis for $1.35M.
- Also in February 2019, Greene Concepts acquires Mammoth Ventures along with the very recently acquired bottling plant.
- In 2024, after 5 years of owning the turn key bottling plant, Greene Concepts releases an annual financial report showing a Gross Revenue of $856k. This is significantly shy of the former plants peak Gross Revenue of $1.6M in 2008 ($2.34M in 2024 dollars). Available information at present shows the plant operates with 1-10 employees. Keep in mind, Gross Revenue is before all deductions are factored in.
- In 2024, the state of North Carolina shows the current value of the bottling plant and its 4.5 acres of property to be approximately $962,860.
If you would have bought $25k worth of shares of INKW in February of 2021 at $0.08 per share, your $25k would be worth $281.25 (a former colleague of mine actually did just that).
If it would have only taken $6.3M in 2009 to add enough expansions to the bottling plant to have 150 people employed and obviously had incredible plant output, what has Lenny spent all of the stock fund money on in the past 5 years? The market cap of the stock now sits at $2.8M. Do you have any idea what it was before all of the dilution and "buddy" payouts?
Why would anyone buy anymore of this scam's stock? Only an imbecile would believe this stock would go anywhere seeing the above publicly available information.
There are two paid pumpers for INKW. My hope is when the scam is unveiled as a fraud, these paid pumpers go down with the ship as criminals tried in court.
TreasuredTrades
1月前
Lenny has diluted 697,499,993 shares since April 4th 2024. After 3 years of bs, Happy Mellow is still nonexistent. For over 3 years, nothing but talk about the 1 gallon jug line.
Pump and Dumps coupled with dilution are the real business here. Expect this heap to continue to fall and once it falls below $0.0006 it comes with a backup plan of a 1000:1 or 2500:1 reverse split.
Remember, Crown King was involved with pumping this trash twice so far. If you have any experience with the OTC, I need not say more.
All of these "business deals" and somehow sales aren't strong enough to support business operations.
The upcoming pump will be another "opinion" from a law firm regarding Greene Concepts (expect this crap in a few weeks or so as Lenny already paid a couple dollars for this cheap "opinion". Don't worry, Lenny will never have this trash legitimately audited. Sell off this crap before the end of the year so you can use it as a write-off. It's more valuable as a tax write-off than an investment.