JK.v offers brands growth potential and flexibility. The opportunity for restaurant brands to capitalize on growing markets through the utilization of ghost kitchens is astronomical. Ghost kitchens offer brands reduced overhead, enhanced market penetration, and ease in pivoting with shifts in consumer behaviors. JustKitchen (TSXV: JK) is one company leading the charge here in some of the fastest growing Asian markets.
JK recently announced its expansion into the Thai market through a partnership with GrabKitchen to service the Bangkok area. The SE Asian on-demand food delivery market is experiencing a very high annual growth rate of 14%, projected to reach a value of $49.7 billion by 2030.
JK has been on a steep bearish trajectory for some time now, but I believe this represents an amazing opportunity to DCA and establish an opportunistic position at a steep discount. The company has had a considerably high cash burn rate due to its rapid expansion, however, it has also seen considerable revenue and order volume growth YOY. It’s definitely a long play at the moment, but one that has some big potential.
JK.v is currently trading at $.12, valued at $9.02 million.
https://ceo.ca/@newswire/justkitchen-expanding-to-thailand-via-grabkitchen-arrangement