(TWOH) Comes Hot Out Of The Opening Bell, Trends Green Early And Trades Above Its 20-Day Simple Moving Average
Get TWOH on your radar quickly. Here's why...
Right now it is trending green this morning after a big green Friday where TWOH closed up 16% from the previous session.
Now, with it making another green push this morning, it could be the beginning of an even steeper vertical move.
From a technical standpoint, it is trading above its 20-Day Simple Moving Average which means it has been trending up over the past few weeks.
And, don't forget, with a high in February that almost hit $.01, there is plenty of upside potential to TWOH's 52-week high.
Could the company's most recent news announcement be the driving catalyst to send TWOH back towards those previous highs?
Check it out for yourself: Two Hands Corporation, to Focus Exclusively on Food Industry
Drop what you're doing now to read my initial TWOH report below and get this profile on your screen immediately.
Past champ? Check.
Huge upside potential to its 52-week high? Check.
A major news announcement regarding a strategic decision to change the focus of this company moving forward? Check.
I've been keeping a close eye on a specific profile in recent weeks and think it could be on the verge of making a move from what could be extremely undervalued levels.
Previously, I brought this profile to your attention back in February of this year and watched it run approximately 20% intraday after my alert.
And, with a recent game-changing announcement, you'll need to get this profile back on your watch-list ASAP.
For Monday, July 19th, there is only one profile to have on your screen:
*Two Hands Corporation (TWOH)*
Two Hands Corporation, is a food distribution company through three on-demand food brands.
And this month, the company made a major strategic decision that could draw serious attention from Wall Street moving forward.
Here's what you got to know:
Your No. 1 Potential Catalyst - Company Decides To Focus Primarily On Food Industry
Two Hands Corporation, to Focus Exclusively on Food Industry
Toronto, Ontario, July 07, 2021 (GLOBE NEWSWIRE) -- Two Hands Corporation, (OTC Pink: TWOH) is pleased to announce that it has made the strategic decision to focus exclusively on the grocery market through three on-demand food brands, GoCart.City, Grocery Originals, and Cuore Food Services. The announcement follows a strategic review by the Board of Directors that determined these three core divisions will remain the most significant drivers of long-term value for our shareholders.
“Today marks an exciting new chapter for Two Hands,” Nadav Elituv, CEO of Two Hands Corporation states. “As we shift to solely focus our attention on the food industry and align with our customers' needs, we are confident we will unlock the current growth potential that exists in the market.”
Two Hands has seen quarter over quarter revenue growth in a business that is scalable and offers a broad range of products through our three divisions:
GoCart.City, an online delivery marketplace that launched last summer delivering fresh and high-quality produce, meats, pantry items, bakery & pastry, gluten-free, and organic items throughout Southern Ontario. The company recently onboarded local renown chef, Grace DiFede, to curate a new line of meal kits and bundles to sell alongside our everyday grocery essentials. GoCart.City line of products come from long partnerships with local and international suppliers to deliver the highest quality products to our customers.
Grocery Originals, a brick-and-mortar retail experience that was recently launched in Mississauga, Ontario, fully equipped with a deli, cold storage, and a stone pizza oven. We will also be offering a wide variety of fresh and specialty meals curated by Corporate Executive Chef, Grace Di Fede.
Cuore Food Services, a food import and distribution brand that operates in a wide range of channels including food service, retail chains, hotels, and restaurants. Core offerings from Cuore range from Italian themed oils, pastas, sauces, to dry packed goods, to exclusive wines, coffees, and desserts.
Read the full article here.
Why Is This Important? GoCart.City Could Be A Disruptor With Huge Market Potential
E-commerce made up just 2% of total food and beverage sales in 2019, per eMarketer, but many US consumers have turned to online grocery shopping services for the first time during the pandemic. The CV pandemic is pushing consumers to buy essential products digitally, rapidly accelerating the development of online grocery, curbside pickup, and same-day delivery in the US.
Previously, some consumers resisted the shopping method because they wanted to pick out their groceries themselves and avoid extra fees, but the pandemic has forced many to change their priorities. And the sudden focus on grocery delivery is set to alter consumer behavior well after the pandemic subsides, accelerating the industry's penetration in the US. (1)
Online grocery sales grew 54.0% in 2020 to reach $95.82Bn. That propelled it to a 12.0% share of total US ecommerce sales and 7.4% of all grocery sales.
Looking ahead, growth will slow as the vaccine rollout allows shoppers to more comfortably return to stores. Nevertheless, a portion of online grocery shopping will remain, pushing past $100Bn in spending for the first time in 2021, a full year ahead of previous estimates. And by 2023, online grocery sales will make up 11.2% of total US grocery sales. (2)
So what if TWOH's Gocart.City decides to make a move south of the border with the desire to become a major market disruptor?