Greene Concepts Partners with Leading Global CRO, Accelerates Path to $23B RTD Market
MARION, N.C., April 23, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Greene Concepts, Inc. (OTC: INKW) (greeneconcepts.com) (“Greene Concepts” or the “Company”), an emerging leader in the global scientifically formulated beverage industry, is excited to announce that it has entered into a strategic partnership with Nutrasource, a premier global contract research organization, to assist its wholly-owned subsidiary, Mammoth Ventures, Inc (“Mammoth Ventures”), with all regulatory, clinical, product development, and testing solutions for its ready-to-drink (“RTD”) beverage products and dietary supplements throughout North America.
“This alliance is a central component of our compliance strategy and our commitment to all current regulatory and clinical guidelines for the launch of our new functional beverage line,” stated Karen Howard, CEO of Green Concepts. “Nutrasource has an impeccable reputation for excellence in science and regulation, not only in the U.S. and Canada, but globally. Having access to this elite level of expertise allows us to get both more aggressive and more creative, and to dramatically differentiate our products and drive value for our customers and shareholders.”
Management notes that Nutrasource will be in a strong position to assist with the Company’s development of its RTD nutritional beverage line, while also providing material value as the Company navigates critical opportunities related to market access, regulatory classification, and further operational and strategic development.
Nutrasource has four offices in three countries with a staff of over 150. A provider of one-stop-shop services for healthcare product development and market entry services, Nutrasource specializes in global regulatory compliance, product claims support, clinical trials, and product testing for dietary supplements, cannabis and CBD products, foods and beverages, pet products, and medical products.
“We are delighted to have been chosen by Greene Concepts, Inc., and to now support them with their product development goals and launch plans as they expand across product lines and key markets,” stated William Rowe, Nutrasource President and CEO. “The beverage market continues to develop quickly in so many key areas through novel formulation, advanced delivery technology, and the resulting potential for unique strategies.”
According to MarketResearch.com, the single-serve RTD beverage space has grown into a $23 billion market, with energy drinks and shots, sports drinks, and nutrient-enhanced waters worth $15 billion alone.
Ms. Howard continued, “This agreement with Nutrasource will give us a distinct advantage in the scientifically formulated beverage space as we ramp toward our launch of core production and begin to strategize about new product expansion and low-hanging fruit on the marketing side.”
About Greene Concepts, Inc. and Mammoth Ventures Inc.
Greene Concepts, Inc. (greeneconcepts.com) is a publicly traded company. Through its recently acquired wholly-owned subsidiary, Mammoth Ventures Inc., the Company 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.
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