As you can see, TWOH has been heating up since the beginning of August and has twice toed the line of becoming a major breakout candidate.
And at close Thursday, TWOH was trading above 2 key lines of potential support in its:
- 50-Day Simple Moving Average, and its
- 100-Day Simple Moving Average.
Plus, since crossing over the $.0030 level this month, it has yet to drop below it again. Could even more potential support be building there too?
If potential support continues to build below TWOH's current trading levels, could we see this profile make a push towards previous highs?
With a 52-week high of $.0097, the potential upside is high for TWOH right now.
No. 2 Potential Catalyst - Company Reduces Debt In A Big Way
Two Hands Corporation Announces 67.7% Current Debt Reduction
Toronto, Ontario, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Two Hands Corporation, (OTC Pink: TWOH) is pleased to announce that it has reduced its current debt by 67.7%.
Nadav Elituv continues, “We will continue to focus on GoCart.city, Grocery Originals, and Cuore Food Services. As universities go back to school, we expect our partnerships to continue to expand. We remain committed to our food distribution and continue to expand our partnerships with others.”
“Since our 10-Q filing on August 16, 2021 we have further reduced current outstanding debt previously carried on our books, this is a major step toward our goal of eliminating all of our outstanding debt," said Nadav Elituv. "This action effectively removes 67.7% of the current debt previously shown on our balance sheet."
Read the full article here.
No. 3 Potential Catalyst - Expansion Of Company's GoMeal Kits
Two Hands Corporation Expands it’s GoMeal Kits
Toronto, Ontario, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Two Hands Corporation, (OTC Pink: TWOH) is pleased to announce that it continues to expand its GoMeal Kits by Gocart.city’s Corporate Executive Chef Grace Di Fede.
“GoMeal offers a variety of contemporary, nutritious, quick and easy to follow recipes, with a focus on local and imported ingredients,” commented Executive Chef Grace Di Fede. “We are continually expanding our GoMeal selections and have added our new GoParent Kits designed for the parents and kids On The GO.”
Chef Grace Di Fede continues, “GoMeal offers a wide range of recipes that also include gluten free, vegan and vegetarian options. Customers can mix it up with feature categories such as BBQ, Power Bowls and Salads to name a few. Recipe selections range from1 to 4 servings. The kits provide generous packaged portions with tips and suggestions on how to use the extra ingredients to get the most value out of your meal kit.”
Read the full article here.
No. 4 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.
More About The Company: 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?