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Bullboard - Stock Discussion Forum GBLT Corp V.GBLT

Alternate Symbol(s):  GBLTF

GBLT Corp., through its subsidiary, GBT GmbH, designs, manufactures and supplies mobile storage and battery solutions. The Company is also a provider of renewable energy solutions via its solar division, participating in the solar energy market. In addition, the Company offers consumer healthcare and wellness products to retail chains across the globe. It is also an official licensee for... see more

TSXV:GBLT - Post Discussion

GBLT Corp > €2.1m Order from Europe's Largest Retailer for New Products
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Post by Betteryear2 on Sep 22, 2021 8:48am

€2.1m Order from Europe's Largest Retailer for New Products

TORONTO and DUEREN, GermanySept. 22, 2021 /CNW/ - GBLT Corp. (TSXV: GBLT) (OTCQB: GBLTF) (FSE: 4G9) ("GBLT" or the "Company") is pleased to announce that it has received an order for €2.1m (CDN $3.2m) from Europe's largest retailer to deliver the Company's newest product line, Dr. Senst branded blood pressure monitors and nebulizers. Products will be sold in markets that include FranceSpainPortugal and Italy and GBLT expects to distribute these products in additional markets going forward.

This order marks continued expansion of GBLT's proprietary brand of Dr. Senst healthcare electronic products as the Company continues to penetrate retailers globally.

"The fact that Europe's largest retailer is coming directly to GBLT to have products developed based on consumer demand, is a testament to our relationship with our clients and our ability to deliver exactly what our clients are looking for in a timely and cost effective manner," said Dr. Thilo Senst, Founder and CEO of GBLT Corp. "Dr. Senst has become a leading and trusted European brand in just a short 18-month period and we continue to quickly expand our product lines to meet the demand of customers. We are well on track to achieve record revenue in fiscal year 2021, but further sustain this growth moving forward, independent of COVID-19, as the Dr. Senst brand quickly becomes a trusted household brand of products for today's more health-concious consumer."

 
Comment by Wallstreetjack on Sep 22, 2021 9:24am
These guys keep delivering and are literally selling to the Walmart of Europe. Will keep adding cheap shares here because one day the market will wake up and realize what is happening. 0.4x 2021 revenue is a joke, we should be closer to 1x 2022 revenue with the way these guys are growing which is more than a triple from here! 
Comment by GroovyMotion on Sep 22, 2021 2:45pm
I just found out today about GBLT and I was looking at the graph, I was wondering why it hit it's 6 months low yesterday, just before today's big news? Just trying to figure out if it's a good move for me to jump in. :)
Comment by Wallstreetjack on Sep 22, 2021 2:56pm
It was taken down on some very low volume. It's a great company but not in a hot space like Blockchain or Cannabis. So for those that are looking for a fundamentally strong company, with real revenue and real earnings I think this is a great place to park money. As I mentioned in my last post, I think the valuation is dirt cheap right now.