U.S. Staples Roughed up

Happy news was hard to find on North American stocks Wednesday, particularly in the consumer staples area.

In New York, that sector sank 1.5%, while in Toronto, that area actually gained 0.6%.

Marion, North Carolina-based Greene Concepts Inc. (OTC Pink: INKW) has negotiated and signed a property purchase agreement for an additional 10 acres of land adjacent to the Company's Marion, N.C. bottling facility.

The company says the additional acreage will provide the company with the ownership of seven wells and unlimited access to the underground pristine water aquifer that lays deep beneath the property located within the Pisgah National forest once owned by George W. Vanderbilt and considered to be the birthplace to modern forestry in the U.S.

Through its recently acquired wholly-owned subsidiary, Mammoth Ventures Inc., the Company has entered the specialty beverage and bottling business and is an emerging leader in the global scientifically formulated beverage industry.

INKW shares were in minus territory, much like the broad market itself, off 13.8%, to 0.25 cents late Wednesday, on still-crisp volume of 80.6 million shares.

Elsewhere in the sector dealing with what we put in our bodies, Ottawa-based Avivagen Inc. (TSX-Venture:VIV) has received approval from The Ministry of Agriculture-Feed Additives Division for the immediate use of OxC-beta™ Livestock in poultry, swine and cattle (beef and dairy) in Brazil.

With regulatory approval secured, Avivagen has also signed a distribution agreement with established São Paulo-based Look Chemicals Importacao E Exportacao LTDA for the use of OxC-beta™ Livestock in poultry and swine.

Avivagen is a life-sciences corporation focused on developing and commercializing immune-system improving products for livestock, companion animal and human applications.

Its shares did not get out into the sun Wednesday (many stocks didn’t), dropping a penny, or 2%, to 49 cents, on moderate volume of 50,000.