Greene Concepts Receives Blanket Purchase Orders from Walmart for Sustained Sales
Greene Concepts Inc. (OTC PINK:INKW) has received blanket purchase orders from Walmart for its BE WATER™ artesian spring bottled water brand (six-pack configuration). Orders will be shipped weekly throughout 2024 and beyond, with the first order set for pickup today or tomorrow. This development follows the recent announcement of BE WATER's shelf placement in Walmart stores and highlights a promising year ahead for Greene Concepts. With the U.S. bottled water market valued at $44.6 billion in 2023, the company is well-positioned for growth and expansion. CEO Lenny Greene expresses confidence in the long-term partnership with Walmart, emphasizing the company's commitment to meeting consumer demand and maximizing this opportunity.
Greene Concepts secures blanket purchase orders from Walmart for BE WATER™, signaling a strong partnership and growth potential.
Orders will be shipped weekly in 2024 and beyond, showcasing a long-term commitment from Walmart and expanding BE WATER's presence in retail stores.
The U.S. bottled water market's $44.6 billion valuation in 2023 offers significant growth opportunities for Greene Concepts in the beverage industry.
Potential challenges may arise in meeting the increased production demands for BE WATER™ to fulfill Walmart orders, requiring efficient operations and supply chain management.
Despite the optimistic outlook, there is inherent competition in the bottled water market that could impact Greene Concepts' market share and profitability over time.
MARION, NC / ACCESSWIRE / May 2, 2024 / Greene Concepts Inc. (OTC PINK:INKW) is pleased to announce that it has received blanket purchase orders from Walmart for its BE WATER™ artesian spring bottled water brand (six-pack configuration). Orders will begin shipping each week throughout the rest of 2024 and beyond. The first order is scheduled for pick up by Walmart yet today or tomorrow with upcoming shelf placement in Walmart's brick-and-mortar stores, just in time for the summer season.
Today's announcement further expands on the Company's recent announcement about BE WATER's Walmart May shelf placement along with its recent news release about 2024 being a banner year for Greene Concepts.
Lenny Greene, CEO of Greene Concepts, states, "BE WATER's distribution to Walmart's physical stores is underway and the blanket orders provide us confidence that Be Water will have a growing presence within Walmart going-forward into the foreseeable future. As we approach the summer months, look for BE WATER on Walmart shelves as we work toward our goal to make Be Water even more accessible to all consumers.
Mr. Greene continues, "We are thrilled for all of the purchase orders scheduled for current and future deliveries to Walmart. This is a long-term commitment Walmart has made in us and we aim to maximize this opportunity. We have geared up our production, packaging and freight loading departments to satisfy the demand of millions of Walmart customers. Within the U.S., the bottled water market is valued at
Mr. Greene concludes, "Greene Concepts is gearing up for an incredible awareness campaign for BE WATER to support the orders from Walmart and this marks a significant milestone for the Company and for our shareholders. As we ramp up increased production of BE WATER for Walmart, we thank our shareholders for support and belief in our Company and Be Water. Stay tuned for additional updates as we advance our sales and proliferation through Walmart channels."
Greene Concepts received Walmart's golden ticket during the retail giant's October 24 and 25 Open Call 2023 event for BE WATER placement on Walmart's physical store shelves.
About Greene Concepts, Inc.
Greene Concepts, Inc. (http://www.greeneconcepts.com) is a publicly traded company whose purpose is to provide the world with high-quality, healthy and enhanced beverage choices that meet the nutritional needs of its consumers while refreshing their mind, body and spirit. The Company's flagship product, BE WATER, is a premium artesian bottled water that supports total body health and wellness. Greene Concepts' beverage and bottling plant is located in Marion, North Carolina, and their water is ethically sourced from spring and artesian wells that are fed from a natural aquifer located deep beneath the Blue Ridge Mountains. Greene Concepts continues to develop and market premium beverage brands designed to enhance the daily lives of consumers.
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 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, because of new information, future events or otherwise.
CONTACT:
Greene Concepts, Inc.
Investor Relations
IR@greeneconcepts.com
SOURCE: Greene Concepts Inc.
View the original press release on accesswire.com
FAQ
What type of purchase orders has Greene Concepts received from Walmart?
Greene Concepts has received blanket purchase orders from Walmart for its BE WATER™ artesian spring bottled water brand in a six-pack configuration.
When will orders begin shipping for BE WATER™ to Walmart?
Orders will start shipping weekly throughout 2024 and beyond, with the first order scheduled for pickup today or tomorrow.
What is the value of the U.S. bottled water market in 2023?
The U.S. bottled water market was valued at $44.6 billion in 2023, with a projected CAGR of 5.9% for the industry.
How does Greene Concepts plan to address the demand from Walmart for BE WATER™?
Greene Concepts aims to ramp up production, packaging, and freight loading to meet the demand from millions of Walmart customers and enhance product accessibility.
What milestone did Greene Concepts achieve during Walmart's Open Call event?
Greene Concepts secured Walmart's golden ticket during the retail giant's October 24 and 25 Open Call 2023 event, leading to BE WATER's placement on Walmart's physical store shelves.
