Greene Concepts (INKW) works toward listing on the NASDAQ Exchange

Greene Concepts recently announced their desire and has put plans in motion to grow the company progressively through the OTC market tiers up to the National Association of Securities Dealers Automated Quotations (NASDAQ). As a company, Greene Concepts focuses on establishing a solid foundation for its growth, awareness, sales, and stability primarily in the beverage industry.

The CEO of Greene Concepts, Lenny Greene expects they will continue to grow the company and solidify their trust and connection with shareholders. He believes the best way to achieve their goals is through building a strong foundation of constant and incremental growth. With the ambitions to be on the NASDAQ listings, Greene acknowledges the necessity to first make their way off the pink sheets through the OTC market tiers. With more increase in the sales volume, they will meet and satisfy the NASDAQ entry requirements with time. The long-term goal of listing on the NASDAQ market and increased sales will see Greene Concept increase its liquidity, capital growth, awareness, and revenues. Greene also highlighted the significance of their newly established BE WATER and Happy Mellow brands in the U.S on their journey up the market tiers.

The NASDAQ, also known as the NASDAQ stock market, is an American stock exchange market that operates as a stock quotes service and a stock exchange center where dealers can trade their listed securities. Previously an electronic quotation for the OTC market, NASDAQ has entirely transformed and is now wholly owned and operated by the National Association of Securities Dealers (NASD). NASDAQ is currently the second-largest market after the New York Stock Exchange compared to the official stock exchange by market capitalizations in the world. 

Like the OTC markets, NASDAQ has three levels, 1, 2, and 3, where interested parties subscribe to their suitable and most qualified status. Potential investors can bid, sell or buy securities while collecting current price data on the first level. Level two subscribers mainly work for brokerage firms to help their clients trade on the platform and not actively make their deals. At level three the firms that deal in securities. They adjust inventories and are usually ready to buy or sell the shares at the asked prices or quoted bids.

To qualify for the NASDAQ listings, a company must meet the following set criteria;

●      Have a minimum outstanding public traded share of 1.25 million, excluding the shares held by directors, officers upon listing.

●      The regular share bid price for companies' stock should be a minimum of $4 at the listing time except for up to $2 for companies that meet other varying requirements.

●      Have three or four market makers for stock with all listing firms having to comply with NASDAQ's 4350, 4360, and 4351 corporate regulatory rules.

●      Pay an application fee of $25,000 before the company's stock is considered for a potential listing. After which, they are required to pay between $150,000 to $295,000 additional entry charges.

●      The company must have a minimum of 450 round lot shareholders and/ or 2200 or 550 total shareholders with an average trading volume of 1.1million over the last year.

Even after registration, NASDAQ has set minimum standards that a company must always maintain to stay on the exchange.

While Greene and the entire team at Greene Concepts know that getting listed on the NASDAQ is a big goal, they enjoy the challenge and ready to accomplish this milestone by being a dominant player in the beverage industry and beyond.