Eco-Growth Strategies, Inc. (ECGS), a Hawaii-based bottled water company, is making a strategic pivot towards the burgeoning Asian market, leveraging the strong brand appeal of "Made in Hawaii" products. The recent reservation of the ticker symbol "THWC" with the Nasdaq Stock Market is a key step in the company's strategy, signaling its intention to strengthen its public-company infrastructure and potentially list on a national securities exchange. According to Eco-Growth Strategies' recent press release, this move follows a series of corporate development initiatives. These include engaging a leading investment bank to advise on capital markets strategy and retaining FSR Capital, a Singapore-based advisory firm, to support uplisting readiness, governance, and strategic reporting initiatives.
This shift in focus comes after the company "abandoned the CBD business a few years ago," as noted in a recent report by the Pacific Business News. This strategic change underscores the company's confidence in the bottled water market's long-term viability, with a focus on the premium "Hawaiian water brands" currently under development, as highlighted in the company's filings on OTC Markets under the ticker ECGS. The company is actively assessing the benchmarks necessary to eventually apply for a listing, including improvements in corporate governance, board composition, and public-company reporting and audit standards.
The strategic plan for Eco-Growth Strategies highlights a focus on measured, sensible growth as it develops its Hawaiian water business and looks to critical capital market milestones to support shareholder value. This strategic roadmap is intended to align its identity, mission and market position, and shows the company’s deep focus on building a "more institutional-grade public-company platform," as quoted by CEO W.J. "Bill" Delgado in a press release. Furthermore, the company hopes to capitalize on the increasing global demand for premium and sustainable practices across international markets across Asia, and particularly in China, Japan, Korea, and the Philippines.
While it is important to note that reserving a ticker symbol does not guarantee a stock listing, it reflects the company’s vision which could unlock new investment and partnership possibilities. Over the prior year, ECGS has augmented its operational footprint in Hawaii by building crucial infrastructure and expanding its facilities. Should the company be successful in its listing plans, the company believes they can quickly scale production on the back of global demand, and by leveraging their reputation in Hawaii.
