Greene Concepts Inc (INKW)

[BionicBoy]

I guess this grocery store name drop is supposed to cover up the fact that there were $140k less in sales reported this last quarter than there was the previous quarter.

Also,

The company has still not solved their high cost of producing bottled water at the point of production, which is still around 75%.

They were down to $380k in cash at the end of January and that amount is probably much lower than that now.

We have no idea how much they are wholesaling their 6 pack of bottled water to the distributor and zero clues about what their suggested retail price will be. The distributor will probably have to pay for that retail space at Lowes Foods and will dump the Be Water quicker than heck if it isn't selling.

If the company is spending $110k to produce $140k worth of water what does the price point of an unknown six pack of water have to be for GC to turn a profit? Maybe $65 per six pack and that includes an autographed picture of Lenny in full clown costume?


wash, rinse, and repeat


https://www.otcmarkets.com/otcapi/company/financial-report/361616/content



REVENUES: Jan 2023
Sales $ 143,245 $ 135,605 $ 435,317 $ 231,037
TOTAL REVENUE 143,245 135,605 435,317 231,037
COST OF SALES 110.313 109,465 349,235 256,048
GROSS MARGIN 32,932 26,140 86,082 (25,011)



2022 2021
REVENUES:
Sales $ 292,072 $ 95,432
TOTAL REVENUE 292.072 95,432
COST OF SALES 238,921 146,583
GROSS MARGIN 53,151 (51,151)