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Just Kitchen Holdings Corp V.JK

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

Post by yopmemama021on Jun 02, 2021 7:16pm
143 Views
Post# 33316018

JK

JK

JK  up 3.2% today closing at @$1.60 , mc $94.66 M following their recent Q2 Financial update of significant growth sales. 

 

Very impressive first set of financial results since $JK went public 

 

  • Q2 food and Beverage sales = $2,224,281
    • up 1742% from Q2 2020

 

It has been a busy spring for $JK, in the past 2 months they’ve : 

 

  • on April 15, 2021; Listed  common shares for trading under the stock symbol "JK" on the TSX Venture Exchange 

 

  • Announced expansion into Hong Kong with an upcoming location and a target of establishing approximately 6-8 locations across the region over time
  • Grew to 15 locations across Taiwan including its most recently ghost kitchen in the world-famous Taipei 101 building
  • Announced  international expansion plan including the expected entry later this year into 
    • United States
    • Philippines 
    • Singapore
    • with Canada and other countries in the Asia-Pacific region targeted for 2022\

 

 

see full update 

 

https://www.newswire.ca/news-releases/justkitchen-reports-record-financial-results-for-second-quarter-2021-870921351.html

 

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