Geometry Dash APK Hill Climb Racing APK
72.7 F
New York
Friday, August 6, 2021

Verus International Inc (OTCMKTS:VRUS) Looks for “Success” with New Lab Facility

Must read

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

Tesoro Enterprises, Inc. (OTCMKTS:TSNP) Hitting on All Cylinders

Last year it was announced that Tesoro Enterprises, Inc. (OTCMKTS:TSNP) was going to be merged with fintech company HUMBL INC and since...

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Attracts Buyers As Ethereum Passes $1600

The rally in cryptocurrencies over the past few weeks has been quite remarkable. Although Bitcoin, the world’s biggest cryptocurrency by market cap,...

The pullback in shares of Verus International Inc (OTCMKTS:VRUS) has reached a test with the stock’s major MA’s. To help develop the story, the company just announced that it is completing a 10,000 square foot manufacturing facility located in Houston, Texas.

According to the release, the facility will operate as a Verus subsidiary under the name “Success Labs,” and has been designed to provide flexibility to manufacture and package a variety of wet and dry consumer goods. The facility’s initial focus will be gummi and nutraceutical products, followed by other to-be-announced products.

Verus International Inc (OTCMKTS:VRUS) bills itself as a company that engages in the supply of consumer food products in the Middle East, North Africa, sub-Saharan Africa, the United Arab Emirates, the Sultanate of Oman, Bahrain, Qatar, the Kingdom of Saudi Arabia, and Kuwait.

The company provides frozen foods, meat, poultry, seafood, vegetables, and French fries, as well as beverage products under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade; and other consumer packaged foodstuff.

It also offers consumer packaged goods, such as cosmetic and fragrances; and cold-storage facilities. The company was formerly known as RealBiz Media Group, Inc. and changed its name to Verus International, Inc. in October 2018. Verus International, Inc. was incorporated in 1994 and is based in Gaithersburg, Maryland.

According to company materials, “Verus is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S., South America, and the Middle East. The Company trades on the OTC market (OTCQB: VRUS).”

Find out when $VRUS reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, VRUS just announced that it is completing a 10,000 square foot manufacturing facility located in Houston, Texas.

The chart shows 31% added to share values of the name over the past month of action. In addition, the stock has benefitted from a jump in recent trading volume to the tune of 89% over what the stock has registered over the longer term.

“Success Labs represents a major milestone for our company and is part of our goal to become more vertically integrated when in-house processing makes sense,” explained Verus CEO Anshu Bhatnagar. “Surprisingly enough, world-wide gummi production capacity is currently strained, so this is partly a strategic move, given our expectations for a major expansion into more Major League Baseball (“MLB”) team markets during 2020.”

Currently trading at a market capitalization of $43.6M, VRUS has a store ($408K) of cash on the books, which must be weighed relative to about $4.5M in total current liabilities. One should also note that debt has been growing over recent quarters. VRUS is pulling in trailing 12-month revenues of $11.1M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 153.6%. We will update the story again as soon as further details emerge. Sign-up for continuing coverage on shares of $VRUS 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 $VRUS, either long or short, and we have not been compensated for this article.

Latest article

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

Dark Pulse Inc (OTCMKTS:DPLS) Stock Moves in a Range After The Big Rally

The laser sensing system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers over the course of the...

Halberd Corporation (OTCMKTS:HALB) Stock Doubles After ‘Proof of Concept’ News

Investors are always on the lookout for stocks which managed to record handsome gains over a short of period of time and...

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service