Gourmet Provisions International (OTC:GMPR) Stock on Watchlist After Corporate Update
The trading week may be coming to a close, but investors are still going to be on the lookout for stocks, which they could track this morning. There could be a number of stocks that may well be worth tracking, and one of those is Gourmet Provisions International Corporation (OTC:GMPR). The company came into the news cycle on Thursday after its Chief Executive Officer and President James C. Vowler came up with a corporate update.
In the update, Vowler provided a snapshot into some of the major opportunities that had been accomplished by the company and some on which it was working. He also stated that in the coming few weeks, the management anticipated many news releases with regards to the many corporate acquisitions that it had been working on. He added that once the acquisitions were finalized, they would also add immensely to the existing revenues of the company.
Vowler also noted that the company’s performance in the third fiscal quarter was going to be strong, and its accountants were finalizing the statement. The statement would not only include the removal of huge piles of notes and debts but also include strong James Madrid Salsa (JMS) sales. Its brand, Cousin T’s, celebrated its two-year anniversary recently and expanded its retail footprint to 32 Florida-based grocery stores in Sedona. It made its debut with its Gourmet Cousin T’s Buttermilk Pancake Mix.
In June 2023, the management of Gourmet Provisions International and Terrence K. Williams, the founder and owner of Cousin T’s, went to the Florida headquarters of Sedona. There, they conducted a demo of the many flavors of Cousin T’s Pancake other than the Buttermilk one. The other flavors would all be displayed at custom stands managed by the company. The mode of business expansion being followed by Cousin T’s was similar to the one that had been executed by JMS, a fully owned subsidiary of Gourmet Provisions International. JMS found success through custom product display stands inside stores.
It was further noted in the news release that JMS had managed to sell 250% more product per location each week when compared to regular display on store shelves. The custom displays that had been put in place could hold as many as 140 boxes of the different flavors of the Gourmet Cousin T’s Pancake Mix. Additionally, Gourmet Provisions International also revealed that it had also made a presentation of the Pizza Fusion and JMS brands to the management group of Sedona.
Following the demonstration, it was decided by the management team at Sedona that eight different flavors from JMS and all three gluten-free frozen pizzas from Pizza Fusion would be carried in all 32 outlets. The sales team at Gourmet Provisions International was also in various stages of negotiations with hundreds of grocery chains and stores for the purpose of getting the products into as many retail locations as possible. It may well be a good time to add Gourmet Provisions International stock to the watch lists.
