With the appointment of 3 advisors with the goals of expanding the companies operations and creating new partnerships, JustKitchen $JK/$JK.V has been surpassing the expectations I had for the company.
Aligning with $JK’s goals of continuing east-Asian expansion, the company recently signed a letter of agreement to purchase a 46,000 sqft kitchen facility in Taipei that will operate as a “mega-spoke” facility in the company’s “hub and spoke” model.
Along with the large acquisition, $JK has also acquired a smaller WeChef spoke kitchen at 2,900 sqft. Located in the high-density Da’an District of Taipei, the WeChef kitchen is subdivided into six fully functioning kitchens with the ability to cater to a diverse range of cuisine types. $JK is expecting to use this smaller kitchen as a specialized facility for high end food brands and more complex delivery menus.
Shares of $JK are continuing on a bounce from all time lows and I’m looking forward to shares making up some gains. Key prices to watch in the near future are going to be $1.31 and $1.53.
$JK is currently trading at $1.16 and is valued at an MCAP of $87.17 million.
https://ceo.ca/@newswire/justkitchen-signs-letter-agreement-to-purchase-46000