Eco-Growth Strategies Launches Eco-Growth Supplies, Inc.
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.
- Launch of Eco-Growth Supplies, Inc., aimed at the lucrative hemp market.
- Introduction of the 454 Bag, a recyclable product with superior features.
- Projected revenue of $2 million for 2021 from the flagship bag.
- None.
SACRAMENTO, CA / ACCESSWIRE / December 9, 2020 / Eco-Growth Strategies (the "Company" or "Eco-Growth Strategies") (OTC PINK:ECGS), a nutraceutical company developing a variety of premium CBD-based products specializing in sourcing and extraction of trusted North American hemp, announced today that the company has formed a subsidiary, Eco-Growth Supplies, Inc., (EGS). The wholly-owned subsidiary will showcase products designed to service the multi-billion dollar hemp market. The EGS flagship product will feature the 454 Bag, a 454 gram vacuum sealed bag that will be marketed to both farmers and distributors. This one-of-a-kind bag is a proprietary blend of PET/PE plastic that is both BPA free and
"With the massive consumption of plastic bags within the hemp space, we felt an environmental obligation to design and manufacture an eco-friendly, recyclable bag at an attractive price point for our client base of farmers and distributors," said Tate Howe, COO of Hara Flow. "More importantly, our products exceed the quality of any non-recyclable bag within the industry. This prevents us from compromising the standards of a product that is heavily relied upon by every grower and distributor within the hemp industry," added Howe.
"We are excited to have launched Eco-Growth Supplies, most notably, the 454 Bag. The product, which has already been soft launched, is generating revenue and being very well received by our industry partners," said William Delgado, CEO of Eco-Growth Strategies, Inc. "The trust that a farmer and distributor places in its storage bags is not lost on our company, and we believe we have developed a novel solution that will command a sizable market share as our brand becomes more broadly adopted. We intend to bring an entire suite of sensible, yet necessary wholesale supplies to the CBD market. Based upon the reception we've received from our hemp clients as well as industry trends, we hope to generate approximately
About Eco-Growth Strategies, Inc.
Eco-Growth Strategies, Inc. is a nutraceutical and processing company developing a range of CBD-based products. The company's mission is to employ best practice science to source, manufacture, and package the process all of its CBD products from within the United States. The company performs farm and manufacturing site visits and sources its products from only the highest quality hemp farms in North America.
CBD Disclaimer
The statements made regarding CBD products including our future products have not been evaluated by the Food and Drug Administration. The efficacy of these products and the testimonials made has not been confirmed by FDA- approved research. These products are not intended to diagnose, treat, cure or prevent any disease. All information presented here is not meant as a substitute for or alternative to information from healthcare practitioners. Please consult your healthcare professional about potential interactions or other possible complications before using any product. The Federal Food, Drug, and Cosmetic Act requires this notice.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Richard Brown
VP Corporate Strategy
Eco-Growth Strategies, Inc.
rbrown@ecogrowthstrategies
(775) 443-4740
SOURCE: Eco-Growth Strategies
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FAQ
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