$JK shares saw big movement on Friday Just Kitchen is looking at another strong year of rapid growth. On February 3, $JK announced the company had signed a preferred licensing agreement with a global dark kitchen operator for up to 20 locations in the Asian Pacific.
This licensing agreement will allow $JK.V to act upon its previously stated 2022 plans of expanding its operations in the APAC. $JK expects its first 6 kitchens under the agreement to be exercised in Singapore in the near future.
Shares saw some big movement on Friday after the release of this news. $JK prices absolutely smashed past previous key support at $1.10 to realize a 13.65% gain on the day. This takes $JK’s total gain on this rebound to 32.18%.
The company is expected to focus its expansion efforts on the Philippines in the near future, with expansion into Japanese markets to follow. I expect both of these events to be massive bullish catalysts for shares of $JK.
$JK is currently trading at $1.25 and the company is valued at an MCAP of $93.93 million.
https://ceo.ca/@newswire/justkitchen-signs-preferred-licensing-agreement-with