Gpo Plus Inc Stock Price, News & Analysis

GPO Plus, Inc. (OTCQB: GPOX) announced the conclusion of a lawsuit filed against it by MNP Industries on August 5, 2020. The court ruled in favor of GPO Plus with a Summary Final Judgment on June 29, 2022. Despite an appeal by MNP, both parties settled, and the lawsuit has been dismissed with prejudice. GPO Plus aims to leverage Group Purchasing Organizations to provide savings to its members, thereby enhancing long-term shareholder value.

GPO Plus, Inc. (OTCQB: GPOX) has announced a Master Distribution Agreement with Hempacco Co., Inc. (NASDAQ: HPCO), designating Michigan as the initial territory for its distribution division DISTRO+. This partnership aims to leverage GPOX's capabilities to distribute Hempacco's innovative hemp smokables, including products associated with notable brands like Rick Ross and Cheech and Chong. The distribution center in Michigan will cater to both new and existing customers, enhancing Hempacco's presence in the Midwest market, and is anticipated to be the first step towards expanding into additional states.

GPO Plus, Inc. (GPOX) announced the launch of its first DISTRO+ distribution center in Monroe, Michigan, enhancing its capacity to serve specialty retailers, including C-Stores and Pharmacies.

This facility aims to optimize delivery times and support local service, thus contributing to the company's growth and shareholder value. Additionally, Jason Person has been appointed as Territory Manager to spearhead operations in the Midwest.

The launch marks a strategic expansion for DISTRO+, aimed at realizing substantial growth and long-term value for shareholders.

GPOX has announced a partnership with CaliGold Distro, positioning its distribution division, DISTRO+, as a preferred distributor of CaliGold products. This agreement allows GPOX to sell CaliGold's range of items, including Delta8Rolls.com™ and FLAYVORZ products. The partnership marks GPOX's second significant distribution agreement, reflecting its growth strategy in the kratom and infused hemp sectors. CaliGold Distro is recognized for its compliance and quality in manufacturing infused hemp and kratom products, enhancing GPOX's market presence.

GPO Plus, Inc. (OTCQB: GPOX) has announced a 6-month marketing and consulting contract with Toronto's North Equities Corp to enhance its online presence and social media strategy. As part of the engagement, GPOX will issue 300,000 shares to North Equities. CEO Brett H. Pojunis expressed confidence in North Equities' ability to increase awareness of the company's offerings. GPOX focuses on group purchasing to save businesses money, aiming to create long-term value for members and shareholders.

GPO Plus, Inc. (OTCQB: GPOX) has appointed Joseph Jaconi as President of its new distribution division, DISTRO+. With over 25 years in the Consumer Packaged Goods sector, Jaconi aims to enhance national sales efforts and distribution strategies. His past achievements include co-founding Tech Armor and developing brands in the hemp-derived CBD market. The primary goals for DISTRO+ involve establishing distribution agreements, onboarding wholesalers, and pursuing potential acquisitions to drive growth.

GPO Plus, Inc. (GPOX) has engaged Lookhu to enhance its revenue and brand awareness through strategic content and influencer marketing initiatives. The partnership aims to leverage Lookhu's established connections with top influencers and celebrities, including Ray J and Snoop Dogg, to promote GPOX’s newly acquired brands, Nutriumph and Herberall. The campaign includes the development of advertising channels, content creation, syndication across social media platforms, and business development efforts to foster partnerships. A promotional offer of 30% off is currently available for shareholders.

GPOX has signed an asset purchase agreement to acquire Nutriumph® Supplements and its flagship product HERBERALL®, marking its entry into the lucrative Direct-To-Consumer Vitamin and Supplement sector. This acquisition is expected to further GPOX's growth strategy and expand its product offerings. Nadege Bellissan, founder of Nutriumph®, has been appointed CEO of the new division. Nutriumph® boasts a robust online sales presence across platforms like Amazon, Walmart Marketplace, and more, which will enhance GPOX's distribution capabilities.

GPOX has entered a strategic multi-year partnership with DEV Distribution as its Master Distributor, effective June 8, 2022. This agreement enables GPOX to distribute DEV's products, including vegan CBD-infused gummies, at Most Favored Nations pricing.

With DEV moving to a new facility capable of producing 30 million gummies monthly, this collaboration is expected to significantly enhance GPOX's growth in the vitamin and CBD sectors.