Welcome to our dedicated page for Eco-Growth Strategies news (Ticker: ECGS), a resource for investors and traders seeking the latest updates and insights on Eco-Growth Strategies stock.
Eco-Growth Strategies Inc. (ECGS) is a leader in premium water bottling, combining advanced purification technologies with strategic asset management across Hawaii, Asia, and North America. This page provides investors and industry stakeholders with timely updates on the company’s operational milestones, financial performance, and market strategies.
Access comprehensive coverage of ECGS’s press releases, including details on co-branding agreements, facility upgrades, and international expansion efforts. Our curated news collection ensures you stay informed about critical developments in water purification standards, sustainability initiatives, and production capacity enhancements.
Key updates include earnings reports, acquisition announcements, and partnership agreements. Bookmark this page for direct access to ECGS’s evolving role in shaping sustainable bottling practices and maintaining competitive operational benchmarks.
Eco-Growth Strategies (OTC PINK: ECGS) has announced a merger agreement to acquire Hawaiian Springs Water Company (HSW) for $4.5 million. The acquisition includes a 33,000-square-foot bottling facility on 7 acres of leased land near Hilo, HI, equipped with a solar farm for alternative power.
The deal's completion is contingent on successful due diligence and ECGS's planned uplisting to a senior exchange by Q2 2025. HSW, established over 20 years ago, generates $4 million in annual revenue and maintains distribution in approximately 20,000 locations across Hawaii and mainland USA through grocery stores, retail outlets, and online platforms.
Eco-Growth Strategies, Inc (OTC PINK:ECGS) has acquired the assets of Hawaiian Isles Water (HIW), a 29-year-old bottled water brand based in Aiea, HI. The acquisition includes all branding/IP, bottling equipment, and raw materials inventory, valued at approximately $6M USD.
ECGS has executed a new lease on HIW's facility, the 2nd largest bottled water plant near Honolulu, which spans 55,000 square feet with capacity to generate up to $100M through additional equipment installations. The company has invested approximately $1.2M in retrofitting the plant.
HIW was operating at a run rate of approximately $15M with adjusted Net Income of approximately $2M in FY 2023. ECGS plans to maintain existing customers while expanding through new co-branding/bottling opportunities, with expectations to add approximately $30M in additional revenue and $7M in net income by the third quarter.
Eco-Growth Strategies (OTC PINK:ECGS) has signed a national distribution agreement with Global Garden, a leading distributor of hydroponic supplies. This agreement enables Global Garden to distribute Eco-Growth's flagship product, 454 Bags, which is recognized in the cannabis post-harvest market. The collaboration aims to provide high-quality, eco-friendly solutions to growers across the U.S. Eco-Growth is committed to sourcing and manufacturing CBD products from premium North American hemp.
Eco-Growth Strategies (OTC PINK:ECGS) has launched a subsidiary, Eco-Growth Supplies, Inc., to cater to the growing hemp market. The flagship product, the 454 Bag, is a 454-gram recyclable bag designed for farmers and distributors. Made from a proprietary PET/PE blend, it offers superior odor control and protection compared to non-recyclable options. The company anticipates generating $2 million in revenue from this product alone in 2021. This launch aligns with the company's mission to promote environmentally friendly solutions in the CBD sector.
Eco-Growth Strategies (OTC PINK: ECGS) reported significant business growth from its subsidiary, Hara Flow, Inc., during the holiday sales period. The company achieved a 146% year-over-year increase in gross revenue and a 126% rise in orders. Notably, weekend sales surged by 700% over average sales, while customer turnout improved by 175% year-over-year. The leadership expressed confidence that this momentum will persist into 2021, suggesting a strong outlook for their CBD product line amidst the ongoing pandemic challenges.
Eco-Growth Strategies (OTC PINK: ECGS) announced a joint venture with Sedona Synergy, focusing on the extraction of hemp biomass. Eco-Growth will control a majority stake and has the option to acquire Sedona fully in the future. The venture aims to utilize advanced extraction technology for higher efficiency of CBD and other cannabinoids. Eco-Growth will supply extraction machines and cash for facility upgrades. The existing contract pipeline, valued at $4 million for one million pounds of biomass, will be shared based on ownership percentages.
Eco-Growth Strategies (OTC Pink Sheet: ECGS) has successfully completed the acquisition of HARA, a premium hemp-based CBD company targeting athletes and health-conscious consumers. This strategic move aims to enhance Eco-Growth's portfolio with high-quality CBD products while also expanding into the pet product sector. The acquisition aligns with the company's bolt-on strategy for growth and enhances its extraction capabilities through its subsidiary, XtractionOne Plus. The partnership is intended to leverage HARA's existing loyal customer base and product expertise.
SACRAMENTO, CA / ACCESSWIRE / September 9, 2020 / Eco-Growth Strategies, Inc (OTC PINK: ECGS), a nutraceutical firm focused on premium CBD products, has engaged Turner Stone & Company to conduct an eight-quarter audit of its finances, a necessary step for SEC registration. The audit will take 60 to 90 days. Additionally, Donald S. Bicking & Associates will provide ongoing financial advisory services. CEO William Delgado expressed confidence in these firms, viewing them as crucial for transitioning from the Pink Sheets to fully reporting status.
