Greene Concepts has acquired holding company Mammoth Ventures and its North Carolina bottling facility in the US.

Mammoth Ventures’ 60,000ft² beverage and bottling plant is situated just outside of Asheville, North Carolina. Its existing manufacturing lines have the capacity to produce around eight million cases per year.

The facility also has space to add new bottling lines for future growth.

Through this acquisition, Greene Concepts intends to focus on the development of cannabidiol (CBD) infused, pH-balanced and other enhanced beverages.

“This acquisition will greatly enhance the balance sheet of Greene Concepts with the addition of a major asset on the books.”

The deal includes the manufacturing facility, bottling equipment, fixtures, inventory and any and all other assets held and owned by Mammoth Ventures.

Greene Concepts interim CEO Lenny Greene said: “I am very pleased to be a part of Greene Concepts acquisition of Mammoth Ventures and the North Carolina bottling facility.

“This acquisition will greatly enhance the balance sheet of Greene Concepts with the addition of a major asset on the books in addition to the growth potential for the company within the speciality beverage industry.

“I am very happy for all of our shareholders.  The company will soon be announcing the incoming transition of a much respected new management team.”

Greene Concepts is a publicly traded company that is in the process of transitioning from the ink technology sector to the speciality beverage and bottling industry.