GREENE CONCEPTS INC
COMPLETES ACQUISITION OF MAMMOTH VENTURES INC AND ITS
60,000 SQ FT BOTTLING FACILITY TO FOCUS ON
CBD, pH BALANCED AND OTHER
ENHANCED BEVERAGES
Marion, NC
-- February 7,
2019 --
InvestorsHub NewsWire -- Greene Concepts, Inc.
(OTC:
INKW) announced today that the Company has completed the 100%
acquisition of Mammoth Ventures Inc.,
a holding
company which includes the 60,000 sq.
ft. beverage and bottling facility
located just outside of Asheville, NC. The acquisition of the
holding company also includes the building,
all bottling
equipment, fixtures, inventory and any and all other assets
held
and owned
by Mammoth
Ventures Inc. This is a 100% acquisition
of Mammoth
Ventures Inc. and it's assets including the
bottling facility are now a wholly-owned subsidiary
of Greene Concepts Inc.
The bottling facility is
located in
the heart of the foothills of the Appalachian Mountains
within the
boundaries of the Pisgah National Forest near the base of Mount
Mitchell, the highest peak in Eastern North America.
With
the production
lines that are currently in place the facility has the capacity to produce
approximately 8 million cases per
year. Within the present facility, there is plenty of room to
expand with additional bottling lines for future growth.
Lenny Greene, interim CEO of
Greene Concepts Inc., stated, "I am very pleased to be a part of
Greene Concepts acquisition of Mammoth Ventures and the North
Carolina bottling facility. This
acquisition will greatly enhance the
balance
sheet of
Greene Concepts with the addition of
a major asset on
the books
in addition to the growth potential for the company within the
specialty beverage industry. I am very happy for all of our
shareholders. The Company will soon be announcing the incoming
transition of a much respected new management team."
Please watch for additional
information and announcements from the Company via press releases
and stay tuned on social media as well. Follow the Company on
Twitter https://twitter.com/GreeneConcepts
The Company's share structure is
673,112,467** shares of common stock
outstanding with a float of
remaining
at 109,466,205.
** An accounting error and
subsequent adjustment from a past transaction with a broker/dealer
required the outstanding share count to recently be adjusted by 66
shares.
About Greene Concepts,
Inc. and
Mammoth Ventures Inc.
Greene Concepts, Inc.
(http://www.greeneconcepts.com/) is a publicly traded
company and thru its newly acquired
wholly-owned subsidiary Mammoth
Ventures Inc. has entered
into the specialty beverage and
bottling business.
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.
CONTACT: Greene
Concepts, Inc.
Investor
Relations
investors@inkway.com