Welcome to our dedicated page for GPO PLUS news (Ticker: GPOX), a resource for investors and traders seeking the latest updates and insights on GPO PLUS stock.
Headquartered in Las Vegas, Nevada, GPO Plus, Inc. (OTC: $GPOX) is a publicly traded global holding company of industry-specific group purchasing organizations (GPO). The primary holdings are HealthGPO, a healthcare industry group purchasing organization, and CBDGPO, a group purchasing organization for the CBD and hemp industry. GPO Plus specializes in developing consumer-branded products for specialty retailers and online eCommerce sales, aiming to bring quality products to a wider audience.
Recent news indicates a strategic expansion model driven by Mini-Hubs providing enhanced service to retail partners, aiming to reach over 2,000 retail locations. The company's proprietary Direct to Store Delivery (DSD) model has led to accelerated revenues. GPO Plus partners with leading industry brands, like Hempacco Co, Inc., a hemp smokables company disrupting the tobacco industry, showcasing a commitment to innovation and growth. The company's expansion strategy focuses on simplifying operations by consolidating products into one distribution service, offering a comprehensive solution for specialty retailers.
GPO Plus continues to focus on product development, manufacturing, distribution, and marketing to meet market demand and customer needs. The recent establishment of a Regional Hub in New Mexico highlights the company's dedication to enhancing efficiency and expanding service delivery. Through its strategic partnerships and innovative approach, GPO Plus aims to set new standards in distribution and deliver exceptional value to its retail partners.
GPO Plus, Inc. (OTCQB:GPOX) has announced the establishment of GPOX Labs, its new technology division, and the launch of its proprietary software, MSRP+, aimed at enhancing operational efficiencies and driving growth. This initiative is pivotal for the company's growth strategy, promising to bolster online sales and streamline distribution. MSRP+ is expected to optimize operations, reduce costs, and enhance the shopping experience, contributing to a competitive edge in the market. CEO Brett H. Pojunis emphasized that this centralized technology and marketing approach will facilitate faster deployment of innovations and create additional revenue streams. The initiative aligns with GPOX's commitment to leveraging technology for long-term shareholder value.
GPO Plus, Inc. (OTCQB:GPOX) has partnered with Yesway to introduce The Feel Good Shop+ in over 435 convenience store locations. This innovative 'store within a store' concept will feature a wide range of CBD and hemp-derived products, including Delta-8 and HHC items. The partnership aims to enhance product offerings and create new revenue streams for GPOX. The DISTRO+ division will manage product distribution across Yesway and Allsup's, which are rapidly growing chains in the U.S. The collaboration focuses on quality service and aims to significantly boost sales through efficient direct store delivery.
GPO Plus (OTCQB:GPOX) has announced the appointment of Ray J as Chief Digital Strategist and Brand Ambassador for its product HERBERALL®. The collaboration aims to enhance GPOX's marketing strategies by leveraging Ray J's influence and experience, which previously contributed to generating approximately $300 Million in revenue for his brand, Raycon. Ray J will oversee digital marketing initiatives, aiming to boost awareness and sales of HERBERALL®, a natural nootropic designed to improve focus and energy. GPOX's CEO expressed excitement over Ray J's role, underscoring his entrepreneurial success and ability to connect with audiences.
GPOX has signed an exclusive license agreement with Yuengling’s Ice Cream to develop a range of CBD and cannabinoid products inspired by the brand's iconic ice cream flavors.
The collaboration aims to launch a suite of hemp-derived products compliant with the Farm Bill, including Delta 8, THC-O, and more, anticipated for release in Spring/Summer 2023. GPOX's CEO expressed enthusiasm about this partnership, emphasizing shared values of quality ingredients. This venture aims to enhance GPOX's B2B operations through its DISTRO+ division, expanding its retail reach in the Midwest and Southeast.
GPO Plus (OTCQB: GPOX) has signed a Master Distribution Agreement with Tech Armor, a leader in mobile phone accessories, to expand its B2B business.
This partnership aims to enhance Tech Armor's distribution through GPOX's DISTRO+ division, targeting wholesalers and retailers nationwide. The collaboration is expected to boost retail availability of Tech Armor products, including their popular screen protectors and charging cables. With over 25 million units sold, Tech Armor products will now be accessible in local retail stores, enhancing consumer choice.
GPOX has entered a Master Services Agreement with SurgePays to enhance retail partnerships. This agreement allows GPOX to sell SurgePays products through its network of over 8,000 specialty retailers, leveraging the SurgePays POS System. GPOX will act as a Master Independent Sales Organization, offering services including cellular top-ups and Surge Wireless broadband. Additionally, GPOX will feature its proprietary products on the SurgePays marketplace. This collaboration is expected to create additional revenue streams and improve purchasing efficiency for retail partners.
GPO Plus, Inc. (OTCQB: GPOX) has signed a Binding Letter of Intent to acquire Betterment Retail Solutions, enhancing its presence in Direct Store Distribution (DSD) with over 470 retail locations across states including Texas and New Mexico. This strategic acquisition aims to leverage Betterment's established DSD infrastructure and align its Feel Good Shops concept, which offers CBD products, with GPOX's DISTRO+ distribution division. The move is expected to drive revenue growth and expand customer reach.
GPO Plus, Inc. (GPOX) announced the appointment of Chris Harter to its Board of Directors to enhance sales channel development and retail relationships. With over 20 years of experience in real estate, finance, and emerging industries, including hemp and cannabis, Harter previously grew a single-family home investment portfolio from $1 million to $70 million in six years. CEO Brett H. Pojunis praised Harter's connections and experience as vital to GPOX's mission. This leadership change aims to foster growth and strategic planning for the company.
GPO Plus, Inc. (OTCQB: GPOX) announced the conclusion of a lawsuit filed against it by MNP Industries on August 5, 2020. The court ruled in favor of GPO Plus with a Summary Final Judgment on June 29, 2022. Despite an appeal by MNP, both parties settled, and the lawsuit has been dismissed with prejudice. GPO Plus aims to leverage Group Purchasing Organizations to provide savings to its members, thereby enhancing long-term shareholder value.
GPO Plus, Inc. (OTCQB: GPOX) has announced a Master Distribution Agreement with Hempacco Co., Inc. (NASDAQ: HPCO), designating Michigan as the initial territory for its distribution division DISTRO+. This partnership aims to leverage GPOX's capabilities to distribute Hempacco's innovative hemp smokables, including products associated with notable brands like Rick Ross and Cheech and Chong. The distribution center in Michigan will cater to both new and existing customers, enhancing Hempacco's presence in the Midwest market, and is anticipated to be the first step towards expanding into additional states.
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