Greene Concepts
Enters Into
$16.5 Million Purchase
Agreement by Sunflower Consulting Group
for Happy Mellow Immune
Support Formulated
Beverages
Marion, NC --
June 17, 2020 -- InvestorsHub NewsWire -- Greene
Concepts Inc. (OTC
Pink: INKW) is pleased
to report
the Company
has received a
$16.5
million
letter of
understanding agreement from Sunflower
Consulting Group (SCG)
for
its Happy
Mellow immune support
formulated
CBD water
beverage, the brand of which was revealed during the
June 4,
2020 press release.
Through
this letter of
understanding agreement, SCG has agreed to the
purchase and sell to retailers up to 1.5 million cases of
Happy Mellow
Immune Support bottled beverage at a target price of $11.00
per case valued at $16.5 million. The
$16.5
million
agreement is in addition to the previously disclosed
$14 million
sales purchase agreement with
SCG
of
the company's BE WATERTM
beverage
line.
Harold
Wingert, founder and President
of
SCG, states "Bottled water is presently in high demand and I am
thrilled to help Greene Concepts meet a consumer need and grow as a
company. My company is
committed to selling 1.5
million cases
of Happy Mellow Immune
Support beverage
products in
addition to the previously
announced two million
cases BE WATERTM.
People are
looking for ways to improve their overall health and retailers are
looking for ways to maximize revenues during these difficult
economic times. Greene Concepts' Happy Mellow
Immune
Support formula
satisfies both needs and I
am delighted
to
help the company bring these products to market and
improve
consumer
awareness."
Lenny Greene,
CEO of Greene Concepts Inc. suggests, "Our growth
plan progresses
nicely
as
we
continue
to
break milestones. Our goal is
to move our company toward
our pursuit to be
listed
on the
NASDAQ.
Our Happy
Mellow formula is the latest breakthrough to make that
happen and interest
in our products continues to grow. Thanks
to Harold Wingert and SCG we are set to sell
millions of
bottles of Happy Mellow Immune
support into the hands
of consumers. I have been
personally drinking the Happy Mellow immune
support beverage for a
month now and I can say I have
experienced many healing
processes
such as
anxiety and joint pain relief, muscle relaxation
and
stress
relief.
Mr. Greene
continues, "In addition to convenience store and retail sales of
Happy Mellow Immune Support
beverage, we are
making this brand available through our wholly owned subsidiary
Water Club Inc. ("Water Club") subscription-based distribution for
direct home or office delivery. We previously announced
details of the Water Club in our May 22
company press release which will now
carry both our Happy Mellow immune Support
beverage and BE
WATERTM
product lines
on the WaterClubOnline.com webpage.
The Water Club provides a level of convenience to customers most
companies have overlooked whereas we are primed and ready to fill
that demand. Stay tuned for more exciting company
updates."
About Sunflower Consulting Group:
Sunflower
Consulting Group (SCG), founded by Harold Wingert, specializes in
all aspects of convenience store operations: consulting, store
design, operational set up and ramp up, controls, inventory, and
vendor contracts. Since 1985, when Mr. Wingert bought his first
store, he has been engaged in the industry in some fashion,
including operations, consulting, construction, and design. Over
the last 34 years he has owned and operated 8 stores, successfully
sold them, and has been consulting for the past decade. SCG has the
team in place to provide the level of support you desire, from
concept design, through opening the store, and establishing policy
and procedures. SCG will work with vendors to achieve optimal sales
and manage vendor contracts to take advantage of rebates or other
incentives, which will result in more profits for ownership. SCG
will assist ownership in hiring and training employees, continuing
education, benefits package for management, and will assist in
developing an employee manual. Sunflower Consulting Group looks
forward to working with you to bring your concept to
reality.
https://sunflowerconsultinggroup.com/
About Greene Concepts, Inc., Mammoth Ventures, Inc. and
Water Club, Inc.
Greene Concepts,
Inc. (http://www.greeneconcepts.com)
is a publicly
traded company. Through its recently acquired wholly owned
subsidiary, Mammoth Ventures Inc., the Company has entered the
specialty beverage and bottling business and is an emerging leader
in the global scientifically formulated beverage industry. Through
its subsidiary Water Club, Inc. we intend to pursue
subscription-based delivery of water and scientifically formulated
beverages directly to the consumers home and market the convenience
of this service thru social media affiliate marketing
partners.
Safe Harbor: This
Press Release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These forward-looking
statements are based on the current plans and expectations of
management and are subject to a number of uncertainties and risks
that could significantly affect the company's current plans and
expectations, as well as future results of operations and financial
condition. A more extensive listing of risks and factors that may
affect the company's business prospects and cause actual results to
differ materially from those described in the forward-looking
statements can be found in the reports and other documents filed by
the company with the Securities and Exchange Commission and OTC
Markets, Inc. OTC Disclosure and News Service. The company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT:
Greene Concepts,
Inc.
Investor
Relations
info@inkway.com
Lenny
Greene
lenny@greeneconcepts.com
559-434-1000