Gourmet Provisions International Corporation (OTC: GMPR) is one of the names that has gained interest during the early months of 2021, as investors started to pick up shares based on reduction of their authorized shares from 3 Billion to 275 Million making them more shareholder-friendly and growth-inducing.
COVID-19 had a low impact on the pizza delivery market. The market growth in 2021 is likely to increase compared to the market growth in 2020. Consumers are increasingly buying pizza from the comfort of their home.
Gourmet Provisions has evolved from a three-store pizza business to one that has multiple shots at revenue-generating goals through four wholly-owned subsidiaries.
The company currently has four wholly owned subsidiaries:
- Jose Madrid Salsa,
- Pizza Fusion,
- Unique Tap House,
- licensing agreement with Christopher Street Products
Gourmet Provisions announced last week that their much anticipated, healthy and delicious Frozen Pizzas will be produced and ready to ship on June 8th. Gourmet Provisions International owns many food companies. However, GMPR is making this move with their Gluten-Free frozen pizzas that are made to the highest standards under their award-winning Pizza Fusion brand. Pizza Fusion, with a motto of “Saving the Earth One Pizza at a Time,” is a sustainable company that has been leading the food industry since 2008 with their award-winning, gluten-free, and vegan pizzas. And now for the first time, they will be available at a Gourmet grocery store near you with the same restaurant quality their loyal customers have grown to love!
The company also recently announced that they have signed a Letter of Intent to purchase controlling interest in a Florida-based gelato manufacturer. This is one of several strategic acquisitions to expand GMPR’s impact on the Food Tech industry.
According to the non-binding LOI, GMPR would buy 51% of the gelato manufacturing company along with all of the assets, debts, service contracts, revenues, and trademarks. The company being purchased has over 60 years of history of manufacturing 50 plus unique flavors under its own brand and co-packing custom flavors for many well-known restaurants, grocery stores and private clubs throughout the US.
According to the OTC Markets, GMPR has 81.4M outstanding shares.
Why a low outstanding shares is that important? It’s important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
After the company has released a few press releases recently that could start generating some serious attention, this past champ could be on the verge of making another vertical surge.
The more potential support builds up, the more possibility for a vertical move up.
Gourmet Provisions International Corporation (OTC: GMPR) has a strong business model, and with the company focusing on its recent acquisitions and partnerships, we could see a lot more growth in the years to come.