Eco-Growth Strategies Inc (OTC PINK:ECGS) Stock Reacts Positively To The Acquisition News

February 27, 2025February 27, 2025 Ian Leigh

Premium spring and purified water bottler Eco-Growth Strategies Inc (OTC PINK:ECGS) may be one of the companies to come into sharp focus among investors this morning in light of the announcement yesterday. The company was in the news cycle after it made an announcement with regards to a key new acquisition. We take a closer look in this feature.

HIW Acquisition

In the pivotal news release from the company yesterday, it was announced that Eco-Growth Strategies had completed the acquisition of the assets of Hawaiian Isles Water (HIW), based out of Aiea, Hawaii. The company also stated that the brand in question had operated for 29 years and had been responsible for providing bottled water throughout the island.

Important Details

The assets that were acquired by the company include branding, intellectual property, raw materials inventory and bottling equipment. The assets had been valued at around $6 million and it should be noted that the bottling plant had been leased from the lessors until 2035. The assets that were acquired by the company include branding, intellectual property, raw materials inventory and bottling equipment. Eco-Growth Strategies also stated that it was excited about the possibilities that had been opened up owing to the asset purchase.

Management Quote

Lewis Cohen, President of ECGS, stated “We are extremely pleased with this acquisition. We intend to maintain the existing customers and expand the customer base with new co-branding/bottling opportunities. The company expects to renew its two existing co-bottling agreements and expects to add two more by the third quarter. The new agreements are expected to add approximately $30M in additional revenue and $7M in net income.”

Technical Analysis

Period	Relative Strength	Percent R	Historic Volatility	MACD Oscillator
9-Day	70.88%	30.22%	314.43%	0.0482
14-Day	72.53%	23.72%	431.19%	0.1422
20-Day	71.76%	23.22%	439.93%	0.2109
50-Day	64.18%	23.15%	459.00%	0.2958
100-Day	57.65%	23.15%	401.08%	0.2973

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.