International Spirits & Wellness Holdings, Inc. (OTCMKTS:ISWH) is a deep sub-penny play that has been possibly basing in recent action. We point it out because the company just came out with a press release that deserves some attention. The fundamental quandary with this stock is that the company is, by any reasonable account, doing quite well in terms of financial performance — top line growth of 6497.2%, net-cash positive, three growing segments, and net growth in EBITDA terms – but the stock’s behavior shows such a lack of response to that data as it has streamed out over the past couple months.
That’s why we wanted to point it out this morning: The company just announced that it has engaged an auditor (M&K CPA’s PLLC), which is a full-service CPA firm. The point is to audit the prior year’s financial data with the expressed purpose of moving the stock off the pink sheets and up onto the OTCQB tier. Company management noted that performance has been strong, but also indicated that they understand there is a “credibility gap” that needs to be shored up. An audit and an uplisting of shares is a very good way to move things in the right direction.
International Spirits & Wellness Holdings, Inc. (OTCMKTS:ISWH) bills itself as an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide.
Based in Nevada, the Company’s expertise lies in the strategic development and aggressive early growth of its brands and the establishment of these brands as viable and profitable as an incubator. ISWH intends to nurture emerging brands through critical stages of market development, including conceptualization, go-to-market strategy, supply chain and logistics engineering, integrated marketing, and distribution.
In addition, ISWH has now established itself as a health and wellness company with a focus on reshaping the CBD products market through state-of-the-art nanotechnology processes, developing a wide range of nano-infused CBD gummies and beverages formulations. These products will be sold through the Company’s website, as well as through established wholesale and retail distribution channels.
The company has also partnered with Bengala Technologies to develop and commercialize enterprise and B2B software technology products targeting the logistics and supply-chain marketplace.
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As noted above, ISWH just announced that it has engaged M&K CPA’s PLLC, a full-service CPA firm based in Houston, TX, to undertake a full audit of the four quarters ended September 30, 2019, as part of the process of uplisting shares onto the OTCQB exchange.
This is an important step to resolving the seeming paradox of the company’s strong results and the market’s lack of respect for those results.
The company noted in its release that this step could provide for “better access to institutional investors, a broader shareholder base, and greater credibility with the Company’s partners, clients, stakeholders, and customers, as well as with the wider investment community.”
“Make no mistake about it: we are ready to ask a wider audience to bet on us because we know we have something special going on,” continued Mr. Williams. “The team at M&K are highly professional and will provide an unbiased confirmation of the dramatic success we have seen so far this year. Moving up onto the Venture Market tier will give us access to institutional money flows and a much broader investor base, which we believe will help ISWH achieve much bigger things in the quarters ahead.”
At this time, carrying a capital value in the market of $283K, ISWH is pulling in trailing 12-month revenues of $172K, which puts price-to-sales at under 2x. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at about 6500%. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $ISWH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $ISWH, either long or short, and we have not been compensated for this article.