Welcome to our dedicated page for Two Hands news (Ticker: TWOH), a resource for investors and traders seeking the latest updates and insights on Two Hands stock.
Two Hands Corporation (TWOH) is a publicly traded company that has described itself as a Canadian-based grocery distribution business while also pursuing a proposed change of business toward a diversified holding and investment company model. Its news flow reflects both its long-standing focus on the food retail and distribution services industry and its more recent plans to participate in the digital asset ecosystem.
Company news has highlighted Two Hands’ activity in the Canadian food industry, including its focus on the grocery market through the Cuore Food Services brand and initiatives to support micro food merchant wholesalers with infrastructure such as warehousing, distribution, logistics, digital solutions, and inventory financing. Press releases have also covered collaborations to introduce branded nutrition products, such as Sports Illustrated Nutrition protein-bar product lines, to the Canadian marketplace, and efforts to expand specialty Italian imported grocery products for customers in the Greater Toronto Area.
More recent announcements describe a proposed shift toward a diversified holding and investment company, including the planned launch of a Digital Asset Treasury and Trading Desk focused on cryptocurrencies, DeFi, and AI-related blockchain projects. News items explain that this initiative is part of a broader financial strategy and is subject to shareholder approval, reactivation under Canadian Securities Exchange policies, and CSE approval. The company has also reported on its intention to work with More Money Ltd as a prospective operating partner and strategic advisor for this digital asset desk.
Investors following TWOH news can expect updates on corporate governance, shareholder meetings, financing transactions such as convertible promissory notes and debt settlements, regulatory disclosures requested by securities regulators, and developments related to the proposed change of business. This news page aggregates these announcements so readers can review the company’s evolving strategy, capital structure decisions, and sector focus over time.
Two Hands Corporation (OTC Pink: TWOH) announced the filing of an Amended and Restated Prospectus with the Ontario Securities Commission on January 25, 2022. CEO Nadav Elituv highlighted that the company exceeded CAD 1 million in sales for 2021, largely driven by their student grocery programs at two major Toronto universities. The company aims to list on the CSE and expects to file a final prospectus by April 2022. Two Hands focuses on increasing shareholder value through business growth and reducing overall debt.
Two Hands Corporation (OTC Pink: TWOH) announced significant milestones in its gocart.city operations, growing its grocery offerings to over 2,700 items and its customer base to over 1,000. The company has also expanded its delivery area and frequency. Focused on retail and food service channels, it plans to expand its student grocery programs. Financially, the company completed CAD$1 million in Series D funding and reduced debt by over $950,000. It aims to increase authorized shares to support growth and may consider a reverse stock split to attract institutional investors.
Two Hands Corporation (OTC Pink: TWOH) announced a 23.05% reduction in total liabilities, amounting to over $320,300. CEO Nadav Elituv stated that the company is actively working with debt holders to further eliminate obligations, aiming to enhance attractiveness to institutional investors in 2022. The company continues to focus on its brands: Gocart.city, Grocery Originals, and Cuore Food Services, with recent successes including a 600-voucher order from a university for Gocart.city services.
Two Hands Corporation (OTC Pink: TWOH) announced record orders for its Gocart.city division, surpassing total orders from the previous quarter in October 2021. CEO Nadav Elituv attributed this success to new sales programs that are driving growth. The company operates three on-demand food brands, focusing on fresh grocery delivery in Southern Ontario. However, forward-looking statements in the press release highlight potential risks, including financing challenges and market adaptability. Investors are advised to consider these factors when assessing the company's outlook.
Two Hands Corporation (OTC Pink: TWOH) has launched a new grocery program for university students in the Greater Toronto Area (GTA), offering $50 vouchers for grocery purchases through Gocart.city. CEO Nadav Elituv expressed pride in supporting students’ food needs and highlighted the initiative as part of their strategy to drive revenue growth in 2022. The company operates multiple on-demand food brands, including GoCart.City, Grocery Originals, and Cuore Food Services, focusing on fresh and healthy grocery delivery.
Two Hands Corporation (OTC Pink: TWOH) reported that sales for the first three weeks of October surpassed total orders from July and August. CEO Nadav Elituv stated the company is scaling its business and successfully rolling out new programs. The focus remains on increasing revenue to enhance shareholder value. Two Hands operates three on-demand food brands—Gocart.City, Grocery Originals, and Cuore Food Services. The press release also includes forward-looking statements regarding potential risks and uncertainties in financing and adapting the business model.
Two Hands Corporation (OTC Pink: TWOH) has successfully closed $1,000,000 in Series D funding as of September 21, 2021. This funding is vital for progressing towards a planned listing on the Canadian Securities Exchange (CSE), which the CEO, Nadav Elituv, states will support the company's growth strategy over the coming year. The company is enhancing its food distribution network in Ontario and aims to strengthen shareholder value, with plans to re-file by the end of October. Two Hands operates brands such as GoCart.city and Grocery Originals.
Two Hands Corporation (OTC Pink: TWOH) has successfully closed a $400,000 Series D funding round, boosting its financial stability. The CEO, Nadav Elituv, emphasized that the funds will be directed towards key growth areas and prepare the company for a listing on the Canadian Securities Exchange (CSE). This move is expected to attract institutional investors and enhance shareholder value. Two Hands operates through three food brands, including Gocart.city, focusing on on-demand grocery delivery in Southern Ontario.
Two Hands Corporation (OTC Pink: TWOH) has successfully reduced its current debt by 67.7%, significantly improving its financial position.
CEO Nadav Elituv stated that the company is extending debt maturity dates for $1,190,320 to December 31, 2025, facilitating necessary financing for growth.
Looking ahead, Two Hands aims to enhance its food distribution partnerships with GoCart.city, Grocery Originals, and Cuore Food Services, especially as universities resume operations.
Two Hands Corporation (OTC Pink: TWOH) has announced the expansion of its GoMeal Kits, curated by Corporate Executive Chef Grace Di Fede. These kits offer a range of contemporary, nutritious recipes, including gluten-free, vegan, and vegetarian options. The new GoParent Kits are designed for busy families. Gocart.city, the company's online grocery delivery service, allows customers to order meal kits and groceries together. The press release highlights the convenience and variety of offerings, but also notes the risks associated with the company's planned expansion and ability to finance it.
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