Greene Concepts Releases Q1 Financials Highlighting Debt Cancellations & Strong Sales
Greene Concepts (OTC Pink: INKW) has released its Q1 financial results for August 1 - October 31, 2024. The company reported the cancellation of all convertible debt amounting to $313,995.68, as previously announced on October 8, 2024. The report highlights strong sales, asset growth, and favorable accounts receivable figures. The company also noted expansion in co-packing and white-label orders, along with growth in retail locations, partnerships, and product lines. The company maintains its 'Current Information' status on OTC Markets, emphasizing its commitment to transparency.
Greene Concepts (OTC Pink: INKW) ha rilasciato i risultati finanziari per il primo trimestre dal 1 agosto al 31 ottobre 2024. L'azienda ha riportato la cancellazione di tutto il debito convertibile per un totale di $313,995.68, come precedentemente annunciato l'8 ottobre 2024. Il rapporto evidenzia forti vendite, crescita degli attivi e dati favorevoli sui crediti da incassare. L'azienda ha anche notato un’espansione negli ordini di co-packing e white-label, insieme a una crescita nei punti vendita al dettaglio, nelle partnership e nelle linee di prodotto. L'azienda mantiene il suo status di 'Informazioni Correnti' sui mercati OTC, sottolineando il suo impegno per la trasparenza.
Greene Concepts (OTC Pink: INKW) ha publicado sus resultados financieros del primer trimestre desde el 1 de agosto hasta el 31 de octubre de 2024. La compañía informó sobre la cancelación de toda la deuda convertible que asciende a $313,995.68, tal como se anunció anteriormente el 8 de octubre de 2024. El informe destaca fuertes ventas, crecimiento de activos y cifras favorables de cuentas por cobrar. La empresa también señaló una expansión en pedidos de co-packing y etiqueta blanca, así como un crecimiento en ubicaciones minoristas, asociaciones y líneas de productos. La empresa mantiene su estado de 'Información Actual' en los mercados OTC, enfatizando su compromiso con la transparencia.
Greene Concepts (OTC Pink: INKW)는 2024년 8월 1일부터 10월 31일까지의 1분기 재무 결과를 발표했습니다. 회사는 2024년 10월 8일에 발표된 바와 같이 총 $313,995.68에 해당하는 모든 전환 사채의 취소를 보고했습니다. 보고서는 강력한 판매, 자산 성장, 그리고 유리한 외상매출금 수치를 강조합니다. 회사는 또한 공동 포장 및 백라벨 주문의 확대와 함께 소매 위치, 파트너십 및 제품 라인의 성장을 언급했습니다. 회사는 OTC 마켓에서 '현재 정보' 상태를 유지하며 투명성에 대한 의지를 강조합니다.
Greene Concepts (OTC Pink: INKW) a publié ses résultats financiers pour le premier trimestre du 1er août au 31 octobre 2024. L'entreprise a annoncé la cancellation de toutes les dettes convertibles d'un montant de 313 995,68 $, comme annoncé précédemment le 8 octobre 2024. Le rapport met en avant des ventes solides, la croissance des actifs et des chiffres favorables des créances. L'entreprise a également noté une expansion des commandes de co-packing et de marque blanche, ainsi qu'une croissance des points de vente au détail, des partenariats et des lignes de produits. L'entreprise maintient son statut 'Informations Actuelles' sur les marchés OTC, soulignant son engagement envers la transparence.
Greene Concepts (OTC Pink: INKW) hat seine Finanzberichte für das erste Quartal vom 1. August bis 31. Oktober 2024 veröffentlicht. Das Unternehmen berichtete über die Stornierung aller wandelbaren Schulden in Höhe von 313.995,68 $, wie zuvor am 8. Oktober 2024 angekündigt. Der Bericht hebt starke Verkaufszahlen, das Wachstum von Vermögenswerten und günstige Forderungen hervor. Das Unternehmen bemerkte zudem eine Expansion in den Bereichen Co-Packing und White-Label-Bestellungen sowie ein Wachstum in Einzelhandelsstandorten, Partnerschaften und Produktlinien. Das Unternehmen behält seinen Status 'Aktuelle Informationen' auf den OTC-Märkten bei und betont sein Engagement für Transparenz.
- Complete cancellation of convertible debt worth $313,995.68
- Strong sales and asset growth reported
- Expansion of co-packing and white-label orders
- Growth in retail locations and partnerships
- None.
Marion, North Carolina--(Newsfile Corp. - December 5, 2024) - Greene Concepts Inc. (OTC Pink: INKW) is pleased to announce that its Q1 financial results for the period of August 1, 2024 – October 31, 2024, are now available on its Over-the-Counter (OTC) Markets Filings and Disclosure Page.
Key highlights include:
- The cancellation of all convertible debt, totaling
$313,995.68 , as reported in the October 8, 2024 news release. - Strong sales, asset growth, and favorable accounts receivable numbers.
- Expanded co-packing and white-label orders.
- Growth in retail locations, partnerships, and product lines, alongside local support during a regional weather emergency.
Lenny Greene, CEO of Greene Concepts, commented, "The positive financial results reflect our ongoing efforts to increase manufacturing capacity and expand retail distribution. Maintaining 'Current Information' status on the OTC Markets page is crucial for our transparency, and we look forward to sharing more updates as we approach 2025." Stay Tuned.
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.
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