Two Hands Corporation Announces $400,000 Series D Funding

Rhea-AI Summary

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.

Positive

• Successfully closed $400,000 in Series D funding.
• Funding will support key growth areas and CSE listing.
• Expansion planned for retail and wholesale operations.

Negative

• None.

Toronto, Ontario, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Two Hands Corporation, (OTC Pink: TWOH) is pleased to announce that is has closed $400,000 in Series D funding.

“As we move forward with our CSE listing and our expansion efforts, we will prioritize the funds for our fastest growth areas of the business”, commented Nadav Elituv, Chief Executive Officer. “The CSE listing will allow the company to reach a larger pool of institutional investors that believe in our business model.”

Nadav Elituv continues, “The funding will allow us to expand our retail and wholesale operations along with our market partners.  The Series D funding has been another major step in strengthening our balance sheet and building shareholder value."

Two Hands Corporation, (OTC Pink: TWOH) is a food distribution company through three on-demand food brands, Gocart.city, Grocery Originals, and Cuore Food Services. Please visit our website at www.twohandsgroup.com

ABOUT GOCART.CITY
Gocart.city, a division of Two Hands Corp. (OTC Pink: TWOH) is an online grocery delivery market that services the Greater Toronto Area and beyond. They curate and deliver the freshest produce and specialty foods in Southern Ontario. To learn more about Gocart.city, please visit www.gocart.city.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Any statement not regarding a historical fact is a forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the company's ability to finance its planned expansion efforts; the company's ability to raise funds on acceptable terms; the company's ability to successfully adapt its business model and such other risks disclosed from time to time in the company's reports filed with the securities and exchange commission including those on the company's annual report on form 10-K. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.

CONTACT:
Two Hands Corporation
IR@twohandsapp.com
www.twohandsgroup.com
www.gocart.city

FAQ

What recent funding did Two Hands Corporation secure?

Two Hands Corporation closed $400,000 in Series D funding.

How will the Series D funding benefit Two Hands Corporation?

The funding will focus on expanding retail and wholesale operations and support their CSE listing.

What is the significance of the CSE listing for TWOH?

The CSE listing is expected to attract institutional investors and enhance shareholder value.

What businesses operate under Two Hands Corporation?

Two Hands operates through Gocart.city, Grocery Originals, and Cuore Food Services.