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GSRX Industries Inc. (OTCMKTS: GSRX) Announces Rebranding Plans As It Opens the First Virtual Delivery Only Restaurant

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GSRX Industries Inc. (OTCMKTS: GSRX)  announced the launch of Wrap Hack Café, which is the company’s first Virtual Delivery Only Restaurant (VDOR), in March 2021. 

GSRX opens first VDOR in Pennsylvania 

The first Wrap Hack Café will operate in State College, Pennsylvania, and deliver all orders through the GrubHub network. Penn State University, which has an annual enrolment of over 45,000 graduate and undergraduate students, is one of the largest institutions in the United States. 

Troy Nihart, GSRX Industries Inc.’s Interim CEO, said that food delivery applications had transformed the restaurant sector. In addition, the disruption of the COVID-19 pandemic has significantly transformed where and how people dine.  Nihart said they would keep expanding VDORs with lower operational and startup expenses and swiftly adjust to changing food trends. He added that VDORs would become a permanent part of business operations in the food industry in the future.

Recently the company announced that its board of directors had approved the rebranding of its corporate identity, opening a new business vertical in the restaurant sector focused on emerging opportunities in underserved areas and relocating GSRX’s corporate headquarters to Pennsylvania. 

GSRX plans to enter the restaurant market 

Nihart said that the GSRX corporate identity is being rebranded as part of its continued plan to grow its business and lay the groundwork for new prospects. He added that the company has plans to enter the restaurant industry in underserved rural locations, initially focusing on drive-up, curbside, and delivery services. Due to the disruptive COVID-19 pandemic in rural areas, there is a high need for these services.

GSRX will be rebranding its nutritional supplement business and expand offerings to include mushrooms in Q1 2021. The company is focused on acquiring and creating top brands in the restaurant and nutritional supplement sector. In addition, GSRX employs the latest marketing strategies as it seeks to boost revenue growth through consumer experiences.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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MJ Holdings Inc. (OTCMKTS: MJNE) Enters Growing Management Agreement with Green Grow Investment Corporation

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MJ Holdings Inc. (OTCMKTS: MJNE) has signed a cultivation management agreement with Green Grow Investments Corporation to develop a 10 acres greenhouse project. This will be the third management agreement the company is entering. 

Green Grow Investment to complete phase 1 construction by fall

As per the terms of the agreement, Green Grow Investment will build an estimated 260,000 square feet of greenhouse with phase 1 expected to be ready by fall 2021. The first phase of the facility targets the cultivation of 100,000 square feet of premium cannabis flower.  The other two land management agreements the company entered already have pods/greenhouses shipped. 

The company’s CEO Roger Bloss stated that besides the MJ Holdings’ cultivation program, the model for the 260-acre Farm at Amargosa Valley is to provide licensing and land to incredible brands and companies like Green Grow Investments Corporation. This will enable them to fund and build ultra-modern infrastructure to manage, grow, and provide the best cannabis. Bloss said they would share an executive report to shareholders this month declaring its aims and detailing financial expectations from all of the management agreements signed so far. A revenue stream of eight to ten management agreements between cultivation and production is projected to allow Mj Holdings to flourish and expand rapidly than rivals.

MJ Holdings informs shareholders about the management agreement 

Recently the company informed shareholders that besides its objective to be the biggest cannabis growing facility in Nevada, they had entered an agreement with Green Grow Investment to develop 10 acres. 

Chief cultivation Officer and founder MJ Holdings Paris Balaouras stated that they are looking forward to the partnership with Green Grow Investments to help them reach their objective of producing over 30,000 pounds of marijuana per year. In addition, Paris said they are gathering over 100 distinct strains of unique cultivars to hold regular sales competitions that will “WoW” customers.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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MYM Nutraceuticals Inc. (OTCMKTS: MYMMF) Releases Q3 2021 Results and Announces Merger with IM Cannabis Corp

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MYM Nutraceuticals Inc. (OTCMKTS: MYMMF) has released its financial results for the quarter ended February 28, 2021, in which gross revenue was $4.4 million, an 8% QoQ growth with a positive EBITDA of $21,628. 

MYM completes merges with IM Cannabis Corp 

Michael Wiener, the company’s CEO, said that despite the challenging market conditions due to the COVID -19 pandemic and SKU rationalization in different provinces, the company managed to grow revenue and record positive EBITDA in Q3 2021.  

On April 1, 2021, Wiener said that the company announced a definitive merger agreement with IM Cannabis Corp (NASDAQ: IMCC) according to an arrangement to be finalized under the Business Corporations Act. IMCC is a multi-country operator, which is ideal to complement the company and Wiener said that a combined company would embark on the next growth phase and shareholder value realization. 

Following a successful year, the CEO said they believe the IMCC merger is an excellent outcome for MYM shareholders. The merger offers MYM an international distribution platform to Israel and the EU and an expanded product portfolio. 

According to the terms of the agreement, MYM shareholders will receive 0.022 IMCC common shares for each of their MYM common shares. MYM officers and directors, some MYM shareholders, and Biome Grow Inc., who control around 44.4% of voting shares, voted to approve the transaction. 

Cultivator Catalyst acquires MYM shares. 

The company has announced that Cultivator Catalysts Corp has acquired 88.904 million common shares of the company as per the right of conversion of 88.904 million Class A Special Shares of MYM International Brands Inc., a subsidiary of MYM.  Before the acquisition, Cultivator Catalyst Corp controlled 33.863 million common shares, which around 13.3% of around the 255,157 million outstanding and issued common shares. After completing the transaction, Cultivator Catalyst will hold around 33.3% of the company’s issued and outstanding shares.

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Nextleaf Solutions (OTCMKTS: OILFF) Launches A Specialty Molecules Division for Psychoactive Compounds Marketing

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Nextleaf Solutions (OTCMKTS: OILFF) has launched a Speciality Molecules Division focusing on developing and marketing proprietary psychoactive compounds.  The company will support the division with an existing IP portfolio that includes CBD-O-acetate manufacture and then recently acquired US patent for THC-O-acetate synthesis. 

NextLeaf partnering with organizations looking to leverage its IP portfolio 

The company’s CEO Paul Pederson said that the new subsidiary would use Nextleaf’s current IP and delivery tech to produce IP-protected medicinal solutions based on novel compounds. In addition, he said that Speciality Molecules Division’s commercial opportunity is partnering with larger organizations seeking differentiation by exploiting Nextleaf’s IP. Equally, they will target interested parties to use the licensed innovation lab and extraction plant in Metro Vancouver to produce specialty molecules under the company’s Health Canada licenses.

The cannabis sector has in recent times seen a focus on proprietary CBD-based products with therapeutic and wellness applications with CPF and large pharmaceutical companies making investments. For instance, British American Tobacco (NYSE: BTI) invested $221 recently in cannabis producer Organigram (NASDAQ: OGI). Nextleaf is planning to enter an R&D and innovation deal in the future with a significant strategic operator in the cannabis sector or pharmaceutical industry. 

Nextleaf offers Q2 commercial updates. 

The company provided its shareholders with an update of its results. It indicated that they completed a wholesale order from a NASDAQ-listed cannabis company after the end of the quarter. The company’s subsidiary, Nextleaf Labs Ltd., supplies high-purity CDB distillate to the partner to power their CBD-branded oil products available to provincially authorized retailers in Canada.  Equally, the company announced the onboarding of an Ontario Licensed producer from which it received an initial purchase order of 40 kg of high purity THC distillate. 

Pedersen said that the new partners are leveraging the company’s competitive advantage to establish brands. In addition, he said that Nextleaf has continued to expand its B2B wholesale business to supply CBD and THC oils. 

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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