Om Holdings International Inc Stock Price, News & Analysis

OM Holdings International Inc. (OTC PINK: OMHI) has announced a significant expansion with a new store set to open at Wickham's Cay II in Tortola, BVI, in Q1 2022. This will be the company’s fourth store since May 2021 and is strategically located near the largest charter yacht marina in the Caribbean. The store will cover 6,000 square feet, offering a wide range of groceries and general merchandise, catering to tourists and locals. The management anticipates robust revenue growth from this expansion, capitalizing on the recovering tourism sector post-pandemic.

OM Holdings International Inc. (OTC PINK:OMHI) has announced the construction of its first OneMart convenience store in Baughers Bay, Tortola, BVI, expected to open by Christmas 2021. The company signed a 25-year lease for the 3,000 square foot store, which will feature a bakery, pizzeria, and delicatessen. This expansion is part of a broader strategy, with additional stores planned in 2022. OMHI aims to boost revenue through enhanced buying power from its increased footprint and a new technology subsidiary focused on delivery services.

OMI Holdings International Inc. (OTC:OMHI) announced that its Fat Hogs Bay Super Store is approximately 80% complete and expected to open by December 2021. This 22,000 square foot facility will offer diverse products including produce, household goods, and furniture. Additionally, the company is constructing a Builders Depot in Tortola, scheduled to open in Q2 2022, addressing the need for construction materials in the region. OMHI's previous store, OneMart, reported $28 million in revenue for FY 2020, highlighting the company's solid growth trajectory despite pandemic challenges.

OM Holdings International, Inc. (OMHI) reported a net income exceeding $1 million for the nine months ending May 31, 2021, despite a 5% decrease due to COVID-19. Total sales decreased by 4% year-over-year, with Q3 revenue at $7.36 million. New superstores in the British Virgin Islands are underway, anticipated to generate $5 million in revenue and $500,000 in operating profits. The company has launched an app, DoGetGo, to enhance customer engagement and streamline delivery services throughout the Caribbean, positioning itself for future growth.

OM Holdings International Inc. (OTC PINK:OMHI) is launching its DoGetGo mobile app in Montego Bay, Jamaica, aimed at connecting local businesses with consumers. Rydeum Caribbean, a wholly-owned subsidiary, has signed a 5-year contract with Jamaica's largest taxicab union, JUTA, which has 12,000 drivers. The app will support transportation and delivery services, targeting a $120 million market. Rydeum is also filing three U.S. patent applications for its decentralized Local On-Demand Technology platform, planning expansion throughout the Caribbean.

OM Holdings International, Inc. (OTC PINK:OMHI) has commenced construction on its second 34,000 sq. ft. supermarket at Fat Hogs Bay, British Virgin Islands, expected to complete by the end of 2021. This location, which spans over 5 acres, will offer a diverse range of products, including groceries and household items. The company's first store reported $28 million in revenue and $3.8 million in operating profits for 2020. OMHI aims to leverage its success to expand further in the Caribbean, pursuing additional site opportunities.

OM Holdings International, Inc. (OTC PINK: OMHI) has commenced construction on the OM Builders Depot, marking its second store opening within a month. Costing $4 million, the store is projected to generate $5 million in sales and $1 million in operating profits within the first year. Spanning 15,000 sq. ft., it will offer a variety of construction materials and supplies. The store's location is expected to benefit from high demand in the Caribbean’s recovering construction industry.

OM Holdings International, Inc. (OTC PINK:OMHI) has completed a reverse merger with K-Mark Foods, acquiring One Mart, the second largest grocery store in the British Virgin Islands. In FY 2020, One Mart generated $28.2 million in revenue and $1.6 million in operating profit, exceeding average profit margins in its industry. The company plans a five-year growth strategy, including new stores and logistics hubs across the Caribbean. Additionally, it aims to innovate retail technology with a LOCAL ON-DEMAND ECONOMY (LODETECH) service.