TSXV:JK - Post Discussion
Post by
waves1 on Jan 05, 2022 2:03pm
$JK to acquire 'Mega Spoke' Facility and WeChef Kitchen
Yesterday, Just Kitchen ($JK.v $JKHCF) signed a letter agreement to purchase 100% interest in a 46,000 square foot 'mega spoke' facility and acquired the WeChef Specialized Kitchen! The Mega Spoke will enable $JK to prepare food from up to 40 menus via the equivalent of 8 ghost kitchens. The one facility will provide the capability of supporting the entirety of the Company's operations across Taiwan. Plus, it has a technology system with the ability to fully integrate food ordering and receiving functions across its hub-and-spoke model. The WeChef Kitchen will be a specialized 2,900 square foot ghost kitchen for high-end food brands and complex delivery-only brands. Located in one of the highest delivery trade zones in Taiwan, the kitchen will expand JK's ability to secure enterprise-level brands requiring larger spaces due to their strong demand. These acquisitions will be a game-changer for $JK's model operations, increasing their ability to process a higher volume of orders and elevating their research and development capabilities. $JK has consistently demonstrated how their asset base and service offerings are continuing to get stronger and add value to the company. https://www.newswire.ca/news-releases/justkitchen-signs-letter-agreement-to-purchase-46-000-square-foot-mega-spoke-facility-and-acquires-wechef-specialized-kitchen-803332443.html
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