Greene Concepts Enters Into $16.5 Million Purchase Agreement by Sunflower Consulting Group for Happy Mellow Immune Support Formulated Beverages
Marion, North Carolina--(Newsfile Corp. - June 17, 2020) - 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."
Happy Mellow Immune Support Formulated CBD Water
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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.
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.
Greene Concepts, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58042