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Just Kitchen Holdings Corp V.JK

Consumer Cyclical Technology Restaurants
Just Kitchen Holdings Corp. (JustKitchen) is a cloud kitchen meal preparation company with operations in Taiwan, Hong Kong, Singapore, Philippines, Malaysia, and Thailand. The Company specializes in the development and marketing of proprietary and franchised delivery only food brands for customers and businesses. JustKitchen combines this hub-and-spoke operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company’s other business, JustMarket, is an ecommerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen. The Company has developed its own signature menu items under various brands, including Hot Ones, Just Chicken, Boba Mania, go Leane and Bodyfit. The Company's subsidiary is JustKitchen Co. Ltd.


TSXV:JK - Post by User

Just Kitchen Holdings Corp
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Post by partystockeron Oct 18, 2022 1:00pm
114 Views
Post# 35031774

JK.v licenses big US food brands for Asian distribution.

JK.v licenses big US food brands for Asian distribution.

JustKitchen (TSXV: JK) has made a big announcement today. Through an agreement with Virtual Dining Concepts, the company will now offer numerous well known US food brands in Taiwan, Hong Kong, Malaysia, Philippines, Singapore, and Thailand. 


The license agreement allows JK to sell MrBeast Burger, Mariah’s Cookies, Guy Fieri’s Flavortown Kitchen, and numerous other food brands via its e-commerce delivery platform and walk-in outlets. 


This agreement represents another big stride for JK in its effort to bring proven food brands to new markets via ghost kitchens. These additions should have a measurable impact on the company’s bottom line, which is great news as the company plans to drastically reduce its cash burn rate in the coming year. 


JK.v is currently trading at $.12, valued at $9.02 million. 


https://ceo.ca/@newswire/justkitchen-licenses-mrbeast-burger-and-other-brands

 
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