Green Innovations Ltd (OTCMKTS:GNIN) continues to trade light volume under a penny on little investor interest. The stock has a long history of big moves running from pennies to over $3 last year. GNIN is now operating in the Med Mj sector and Investors are hoping that with Marijuana legalized in Alaska, Oregon and Washington DC the sector will heat up again soon.
Green Innovations Ltd through its wholly-owned subsidiary, Green Hygienics, Inc. is the exclusive licensed North American distributor of American Hygienics Corporation’s 100% tree-free bamboo-based product line, including personal care and paper-based goods. The marketplace for tissue paper products, diapers, wet wipes, feminine care products, and adult care products, is in excess of $29 billion annually in the United States.
Green Innovations Ltd (OTCMKTS:GNIN) is committed to providing consumers with quality products that are designed and manufactured to the highest standards in FDA-accepted manufacturing facilities without compromising product performance. Green Innovations is a member of the International Green Energy Council (IGEC) and dedicated to ensuring a more healthy and sustainable planet. Green Hygienics represents the following brands:
On October 28 GNIN announced that it has signed ShopRite supermarkets, and received its first purchase order, for its line of natural consumer paper products. New Jersey-based ShopRite has over 250 supermarkets in the northeast US, and is the largest retailer-owned cooperative in the US and the largest employer in New Jersey.
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ShopRite is a subsidiary of New Jersey-based Wakefern Food Corporation. Wakefern and ShopRite together employ more than 50,000 people throughout New Jersey, New York, Connecticut, Pennsylvania, Delaware and Maryland. Founded in Keasbey, New Jersey in 1946, Wakefern also owns and operates PriceRite, a supermarket chain in the northeast US with over 50 stores.
The Company’s products, through its Green Hygienics brand, are authorized for distribution throughout all of ShopRite supermarkets in New Jersey, New York, Connecticut, Pennsylvania, Delaware and Maryland markets.
“ShopRite is a terrific retail partner with a large and loyal member-customer base, which will greatly expand our footprint in the northeast US,” said Jeff Thurgood, GNIN CEO. “Adding ShopRite to our growing network of retailers, and building a relationship with Wakefern, provides an expansive distribution platform for the Green Hygienics product line — starting with our ever popular Clearly Herbal(R) Baby Wipes.”
Conclusion: GNIN is drifting well below a penny in recent days on light volume. The stock recently popped after the Company announced they had received its first purchase order from ShopRite supermarkets, for its line of natural consumer paper products. This represents significant news for GNIN who is already doing significant revenues reporting $768,867 revenues for the three months ended June, 30, 2014.
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While GNIN revenues are increasing the old Brighton Markets promotion is losing money which has resulted in steady and significant dilution; over the past 12 months alone the OS has risen from under 35 million to current 84.8 million.
Disclosure: we hold no position in GNIN either long or short and we have not been compensated for this article.