JustKitchen (TSXV: JK) is doing an amazing job executing its business model of expanding into growing markets and delivering proven products.
Last week, JK announced its plans to expand into the Thai market via an agreement with GrabKitchen. For the new Thailand location in the Phayathai area of Bangkok, GrabKitchen is providing the physical kitchen on a Kitchen-as-a-Service ("KaaS") basis. The Thailand Location is situated near a busy commuter rail hub that is supplemented by a steady flow of other traffic.
Immediately upon opening, the Thailand Location will serve JustKtichen's Master Don food brand, followed shortly thereafter by the K.Bao brand, featuring a customized menu with a local twist, as well as the Bodyfit brand.
The Southeast Asian on-demand food delivery market is experiencing a high annual growth rate of 14%, which implies that the market will eventually reach a total value of $49.7 billion by 2030.
JK.v is currently trading at $.12, valued at $9.02 million.
https://ceo.ca/@newswire/justkitchen-expanding-to-thailand-via-grabkitchen-arrangement