Two Hands Corporation (OTCMKTS:TWOH) jumped 9% and 31% in a week. The company has announced the closing of a $400,000 Series D financing. CEO Nadav Elituv said that in the future, with the CES listing pans and expansions efforts, the company is prioritizing finds for its quick growth segment of their business.
Nadav added that the CES listing is a massive step, and it will enable Two Hands to reach a large institutional investors pool believing in the company’s model. The CEO further explained that the funding would enable the company to expand its wholesale and retail operations alongside its market partners. Most importantly, the Series D financing is a step in enhancing the company’s balance sheet and growing shareholder value.
Two Hands, a food distribution firm, has three on-demand brands, including Cuore Food Services, Grocery Originals, and Gocart.city. Gocart.city is an eCommerce grocery delivery marketplace offering services in Toronto and beyond. So, in the coming months, TWOH is worth watching.
On Thursday, TWOH stock jumped 9.23% to $0.0036 with more than 357.04 shares, compared to its average volume of 126.57 shares. The stock has moved within a range of $0.0033 – 0.0041 after opening the trade at $0.0038.