FBEC Worldwide Inc (OTCMKTS:FBEC) has been slowly rising in the stock market, as it continues to make progress with its Wolfshot energy drinks. So far, the stock has added approximately $0.002 per share, to its stock price, in the last two weeks. The company recently reached a distribution sales representative agreement with PNBM Holdings LLC. The two companies have been working together for a while now, with PNBM securing an order of 35,000 units of Wolfshot from Four Links USA, Inc, earlier in September.
As per the most recent agreement, FBEC would grant exclusive rights to PNBM for placing Wolfshot in several stores across the US, including Shoprite and 7-11. The contract would be valid for the next 1-year. It should be noted here that Wolfshot is marketed under the Healthy Hemp brand of products, from FBEC. Jeff Greene, the CEO of the company, expressed his excitement at the initiation of relationship and expressed his confidence in the ability of PNBM to effectively represent the company.
Earlier, the company announced that it had successfully delivered a new batch of Wolfshot energy shots to Amazon.com, which would now once again become available for sale on the website. Amazon had placed a follow up order for the drinks, on September 14, after having successfully sold the first batch, under its Vendor Express program. It should be noted here that the program allows vendors to sell their products to Amazon, which then takes care of the shipping, promotion and customer service.
The Coca-Cola Co (NYSE:KO), also a part of the beverage industry, has announced that it would be holding an investor conference call, on October 26, 2016, to announce its 3Q2016 financial results. A transcript of the call would be made available, soon after, on the company’s website. It is expected that KO would also provide details about its merger, with its Japanese, West and East Japan arms. The merger would be executed under a stock swap deal, which is expected to be worth $2.7 billion. As such, a new company, under the name Coca-Cola Bottlers Japan Inc. would be formed. The merger was initially proposed in April 2016, but has only recently received the backing of the Japanese arms.