Brand creation and distribution firm GPO Plus Inc (OTCMKTS:GPOX), which mainly works with regional and independent retail outfits, is in the news this morning and it could be a good time for investors to take a closer look.
Trading Data
On Monday, GPOX stock surged 2.73% to $0.2070 with 65.77K shares, compared to its average volume 307.59K shares. The stock moved within a range of $0.2000 – 0.2300 after opening trade at $0.2000.
GPOPlus+ Assigned Exclusive Trademark License Agreement for the Creation of Yuengling’s Ice Cream Flavored CBD + Cannabinoid Products
The company, which specializes in group purchasing for the purpose of saving money for its clients, announced today that it had gone into a trademark license agreement with Yuengling’s Ice Cream. As per the nature of the agreement, GPO Plus is going to help the company in creating a full range of Yuengling branded Ice Cream flavoured CBD products. It was a major new announcement from the company and one that could lead to a long term boost for GPO Plus as well.
Yuengling’s Ice Cream had been established in 1920 and in 1935 it had been spun off into a separate company. It is regarded as a super-premium ice cream brand and over the years, it has managed to garner a loyal following as well.
The company has managed to do so through the production of exceptional ice-cream products over the course of the past decades. It may be a good idea to keep an eye on the GPO Plus stock today.
Key Quote
GPOX CEO Brett H. Pojunis commented, regarding the agreement, “GPOX is honored to have been granted the exclusive opportunity to create, market and distribute the Yuengling’s Ice Cream brand of flavored CBD and Cannabinoid products. Since 1920, Yuengling’s Ice Cream has proudly produced super premium ice cream products with a focus on the highest quality ingredients. Similar to our existing offerings in the nutraceutical, hemp derived CBD and cannabinoids spaces, GPOX’s DISTRO+ division represents only the highest quality brands that use best in class ingredients. We look forward to curating these exciting new product segments with such a storied legacy brand.”
