Caduceus Software Sys Corp Stock Price, News & Analysis

Caduceus Software Systems Corp. (OTC Pink: CSOC) is entering the recession-proof pet food industry through the acquisition of McLovin's Pet Food, Inc.. A significant development is the exclusive distribution agreement between McLovin’s and Phillips Pet Food & Supplies, a leader in the industry. This partnership will enhance McLovin’s market presence, allowing its products to reach thousands of stores nationwide. The pet food market is projected to grow from USD 207 billion in 2020 to USD 325 billion by 2028, showcasing a strong growth potential.

Caduceus Software Systems Corp (CSOC) announced plans to buy back and cancel up to 2 billion shares of its common stock, reducing the total from approximately 2.34 billion to about 339.6 million shares, which is an 85.5% decrease. This move follows a debt settlement of $3,039,880 aimed at strengthening the company's financial position. The buyback is intended to enhance shareholder value and facilitate the company's goal of uplisting to NASDAQ, while also supporting its acquisition of McLovin's Pet Food, a company in the growing pet food market.

Caduceus Corp (CSOC) has completed its financials and received approval for its OTCIQ application, allowing it to submit annual financials for the periods ending March 31, 2021, and 2020. The company aims to achieve Pink Current status and plans to hire an auditing firm for full SEC reporting and uplisting to OTCQB. They will soon update shareholder communications related to the McLovin's Pet Food merger. This marks a significant step toward increasing financial transparency and improving compliance with OTC regulations.

Caduceus Corp (CSOC) has announced a significant milestone by settling $3,039,880 in debts resulting from previous management. This settlement includes various liabilities, such as accounts payable and loans from related parties. The Company aims to enhance its capital structure and shareholder value through this write-off, as CEO Alex Chen highlighted its importance. Additionally, Caduceus is in the process of acquiring McLovin's, a revenue-generating business with over $6,000,000 in assets, which will further improve its balance sheet.

Caduceus Corp (CSOC) has announced that its acquisition target, McLovin's, received its first purchase order from KeHE Distributors LLC, a major U.S. distributor of natural and specialty food products. KeHE, with annual revenues of nearly $5 billion, will promote McLovin's to their customers, initiating a campaign on the West Coast, with potential expansion to the Midwest. CEO Alex Chen highlighted this collaboration as a significant opportunity to leverage KeHE's extensive distribution network, aiming to boost sales and strengthen retail partnerships.

Caduceus Corp (CSOC) has signed a binding letter of intent to acquire McLovin's Pet Food, Inc. for 1.5 billion restricted common shares valued at $0.075 each and a cash payment of $500,000. The deal, projected to close this month, aims to capitalize on the expanding pet food market, valued at $90.13 billion in 2019 and expected to reach $127.21 billion by 2027. CEO Alex Chen highlighted the synergies and growth opportunities in the consumer goods sector, especially due to increasing pet adoption trends.

Caduceus Corp (CSOC) announced a significant step towards acquiring a consumer goods company in California, meeting its strategic acquisition profile. The targeted company boasts revenues over $5M and projected revenues exceeding $15M for 2021. Key aspects include potential for expansion and eligibility for a NASDAQ/NYSE up-listing. The acquisition aligns with Caduceus' focus on recession-proof industries. Leadership expressed confidence in delivering shareholder value through this deal, with details to follow as negotiations progress.

Caduceus Corp (CSOC) has launched a new corporate website and Twitter account to enhance digital engagement. The company has appointed Alex Chen as the new CEO, effective January 29, 2021, aiming to implement a strategic acquisition profile for sustainable growth. Caduceus is also taking steps to become current with the OTC Markets by registering for OTCIQ access, improving transparency with shareholders. The company plans to share more details about its acquisition strategy soon.