Green Concepts Inc (OTCMKTS:INKW) stock Continues to be in Range: Now What?

August 3, 2021August 3, 2021 Madison Hall Green Concepts Inc (OTCMKTS:INKW), INKW, INKW news, INKW stock, OTCMKTS:INKW

The Green Concepts Inc (OTCMKTS:INKW) stock may be moving in a range at this point in time but it does not mean that the situation is going to be the same forever. Hence, it might be a good idea for investors to look into the stock and figure out if it might be worth investing in.

Yesterday the company announced that it is currently locked in talks with regards to the acquisition of a hemp beverage company that focuses on sports. In addition to that, the company also noted that the company is going to operate as a fully owned subsidiary company in control of Green Concepts if the acquisition is completed.

The hemp based beverage space has grown in recent times and the possibility of Green Concepts getting into that space is an intriguing one. The hemp beverage company makes and also distributes range of natural hemp laced sports beverages in a number of flavours. If this acquisition does go through then it will mark the entry of Green Concepts into the fast growing sports drink industry. As of 2018, the industry was valued at as much as $22.37 billion and if the acquisition goes through it could be a major boost for Green Concepts.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.