Greenfield Farms Food Inc. (GRAS) climbs higher on grocer deal
Posted on: July 6th, 2011Written by:
Greenfield Farms Food Inc. (OTCBB: GRAS) climbed in price 66.7% Wednesday to 25 cents, on word one of its flagship products was taken on by a major chain. Volume for the stock was 2.8 million shares.
A news release issued July 6 explained that the company, based out of Silver Springs, Nevada, announced today that Lowes Foods, a North Carolina-based grocer with over 100 locations, has expanded the availability of Greenfield Farms Grassfed Beef to all stores with service departments, a total of 80 stores.
The product has been available in 21 stores and is now available to be ordered by all service department stores as a regular in stock item.
Greenfield’s president, Larry Moore, said in the same release, “Lowes Foods has been an early supporter of our grassfed beef program as part of their larger initiative to expand their locally-grown offerings. We are excited about the opportunity that these additional stores offer and our continued partnership with Lowes Food Stores.”
Greenfield Farms Food, Inc. is a consumer and wholesale driven producer of grassfed beef focused on delivering its product to major retail grocery chains throughout the country. The Company and its collective group of producers represent over 2,500 acres in pasture under management and approximately 2,000 heads of cattle.
