REPORT TO OUR SHAREHOLDERS:
As a company we continue to follow a clear and bold path on our quest to be a premier beverage provider throughout the country as we continue to boost our beverage lines. Our water, sourced from the
FINANCIAL HIGHLIGHTS:
Revenues for the Quarterly Period Ending
Our current total assets of
2022 ACCOMPLISHMENTS:
- Launched the Happy Mellow Immune Support Beverage – Following its initial production run,
Greene Concepts initiated its second major brand as an immune support CBD beverage while offering three distinct flavors online within a growing industry. - Hired Company National Sales Director
Brian Adkins –Mr. Adkins coordinates all company expansion efforts in terms of national and regional retail chain accounts, partnerships, and growth. He brings to the position over 20-years in the consumer-packaged goods (CPG) space, and he has brought to market goliath brands such asSnapple and Sunkist. - Achieved Retail Growth by Local Distributor Get Be Water – Announced in an
October 20, 2022 news release, the Get Be Water team is focused on expanding sales in retailers near the bottling plant throughoutNorth Carolina and surrounding states. Find recent updates on the Get Be Water Twitter page and the Get Be Water Facebook page. - Upgraded and Modernized
Marion, NC Bottling Plant – The company advanced its roadway, parking lot, painted the building’s interior/exterior, upgraded the inside lighting with LEDs, and purchased an enhanced forklift. - Hired New Plant Supervisor
Steve Bortz –Mr. Bortz will supervise production efforts at theMarion, NC bottling plant (reporting directly to the plant manager Mr.Ken Porter ).Mr. Bortz comes to the position with a decade of experience in manufacturing operations and management. - Enlarged BE WATER sales Into all
Florida Turnpike Service Center locations served by nearly three million commuters each day. - Developed BevNET Online Presence For Greene Concepts’ Brands – The company captured the release of its BE WATER and
Happy Mellow brands on BevNET’s website along with several news releases to includeHappy Mellow .Happy Mellow appears on page 32 of BevNET’s September/October, 2022 issue (also available here). BevNET is a leading food and beverage-oriented media company and a recognized authority in the beverage industry. - Solidified Agreement with Lunchbox Distribution, LLC to Distribute Happy Mellow CBD to 1,500 retail locations.
- Updated Labeling – All product SKUs, to include the forthcoming 6-packs, contain updated nutrition label information as noted in the
January 19, 2022 news release. - Donated bottled water to
Jackson, KY and in Partnership with Camping World, Provided Water toJackson, Mississippi . - Activated Product Locator Launch – As captured in the
February 3, 2022 news release, 2022 saw the release of the company’s product locator tab on the company’s BeWaterBeYou webpage. This tab allows consumers to find current retail locations selling BE WATER throughout the country. - Unveiled Company’s
BE WATER E-Commerce Merchandise Store – Offers the display and purchase of company promotional products as noted in theAugust 26, 2022 news release. - Expanded to 27 Amazon Fulfillment Centers - Encourages faster purchase and delivery of BE WATER via Amazon.
- Introduced STAY CBD Hemp Beverage Line Online Purchasing Platform - Created as a new division of
Greene Concepts in 2021, the STAY brand extends the company’s product SKUs and offers a new brand of refreshment and bodily performance.
FORTHCOMING 2023 PRODUCTS AND EVENTS:
- Hydration App – Partnering with Metatron Inc. to create a hydration app to allow users to manage their health, awareness, and hydration.
- 6-Pack, 12-Pack, and Gallon Production – The company first announced its forthcoming six-pack configuration in January, 2022 along with its one-gallon production capabilities. The manufacturing line will also consist of 12-pack designs. The multiple configuration sizes in concert with our standard 24-pack water bottles, increases the company’s SKU numbers and further supports our movement into large national retailers which require 6 and 12 pack designs. This positions
Greene Concepts to support the many larger scale retailers interested in BE WATER who do their slotting and plan-o-grams in February. Many retailers have requested the company’s development of 6-pack and 12-pack configurations to bring on BE WATER.Greene Concepts goals include penetrating as many large retailers as possible with every product SKU to include BE WATER’s 24-packs, 6-packs, 12-packs, and gallon production along withHappy Mellow and any new company brands. - 20,000 sq ft addition to the bottling plant –
Greene Concepts is preparing to expand the manufacturing facility by 20,000 sq ft. This will make it a 75,000 sq ft beverage and bottling facility upon completion. The building expansion will increase the space needed for operational growth while affordingGreene Concepts the space needed to install a high-speed line to keep up with production demand. The architect and engineer have been retained, and GCI is in the initial phase of planning. - High-Speed Line Addition – The company is adding a high-speed line, to blow (develop) its own bottles to get cost-of-goods-sold (COGS) lower thereby giving the company more profits and allowing the production of a greater number of bottles faster than ever to support increased demand.
- Hiring of Seven Full-time Company Onsite Employees – As sales continue to grow throughout 2023,
Greene Concepts will hire additional line workers at theMarion, NC bottling plant to support a second production shift. - Corporate Audit – As noted in the company’s
April 19, 2022 press release, the company is working with its corporate auditor to complete a complex two year financial audit toward becoming a fully reporting company.
The global bottled water market is currently valued at
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About
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 few 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
CONTACT:
Investor Relations
IR@greeneconcepts.com
Attachments
- BE WATER - BE FRESH
- BE WATER a premium artesian bottled water that supports total body health and wellness
- Happy Mellow Immune Support Beverage
BE WATER - BE FRESH
BE WATER 6pack
BE WATER a premium artesian bottled water that supports total body health and wellness
Be WATER
Happy Mellow Immune Support Beverage
Happy Mellow
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