Green Mountain Coffee Roasters (Nasdaq: GMCR) is trying all kinds of new avenues to spur growth. When companies try new initiatives, it's usually good news, but in Green Mountain's case, it may simply show desperation.

The latest development in the Green Mountain saga is that Kroger (NYSE: KR) will provide store-branded K-Cups that work with Green Mountain's Keurig brewers. However, the news isn't 100% bullish for Green Mountain: Kroger said it may introduce single-serve cups that are compatible with other single-serve brewers.

The word comes on the heels of Starbucks' (Nasdaq: SBUX) accelerated plan to sell K-Cups using its own branded coffee in its cafes; they will be available in Starbucks stores tomorrow.

According to Reuters, Green Mountain is also having discussions with pharmaceutical companies about providing additives for its beverages. These could include vitamins, minerals, or other purportedly healthy additions like green-tea extract or antioxidants.

These may sound like heartening developments for the beleaguered stock, but the other side of the story is that some of the patents associated with Green Mountain's K-Cups are set to expire in the fall. Because Green Mountain makes more money on the K-Cups than on its Keurig brewers, this could really hurt its business.

One thing that could also really hurt Green Mountain's business is consumers realizing just how wasteful and environmentally unfriendly those convenient K-Cups are. The K-Cups are difficult to recycle, given their components, and are reportedly stacking up in landfills. Aside from the environmental impacts, local governments aren't pleased, either; solid-waste disposal is a major expense.

Hopefully, Green Mountain will work harder to address this. On its website, it claims it's "actively working to meet the challenge of creating a pack that reduces environmental impact and continues to deliver an extraordinary cup of coffee." Incidentally, the cups for its recently launched Vue brewer are recyclable in facilities where No. 5 plastic is accepted. However, Vue is still a very small part of Green Mountain's business, having launched earlier this year with its original distribution through Bed Bath & Beyond (Nasdaq: BBBY) and its own site.

In February, rumor had it Green Mountain was discussing options with Terracycle, which has agreements for environmentally friendly solutions for Kraft's (NYSE: KFT) Tassimo system and Mars' Flavia brewers, both of which compete directly with Green Mountain's Keurig.

Even though it trades at just seven times forward earnings, I wouldn't touch Green Mountain shares. The company's current scramble for connections seems like a desperate measure in a shifting competitive landscape, and its environmentally unfriendly K-Cups bug me, considering that the company has always tried to tout its social responsibility.

Meanwhile, let's not forget the recent scandal involving the company's founder and now-former chairman, or the Securities & Exchange Commission's ongoing investigation into its accounting practices.

Despite the stock's downward trajectory from its old nosebleed highs, there are far greener pastures than Green Mountain. What do you think? Comment on Green Mountain's future in the comments box below or add Green Mountain Coffee Roasters to your Watchlist.