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GPO PLUS INC - GPOX STOCK NEWS

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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.

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GPO Plus, Inc. (GPOX) announced the launch of its first DISTRO+ distribution center in Monroe, Michigan, enhancing its capacity to serve specialty retailers, including C-Stores and Pharmacies.

This facility aims to optimize delivery times and support local service, thus contributing to the company's growth and shareholder value. Additionally, Jason Person has been appointed as Territory Manager to spearhead operations in the Midwest.

The launch marks a strategic expansion for DISTRO+, aimed at realizing substantial growth and long-term value for shareholders.

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GPOX has announced a partnership with CaliGold Distro, positioning its distribution division, DISTRO+, as a preferred distributor of CaliGold products. This agreement allows GPOX to sell CaliGold's range of items, including Delta8Rolls.com™ and FLAYVORZ products. The partnership marks GPOX's second significant distribution agreement, reflecting its growth strategy in the kratom and infused hemp sectors. CaliGold Distro is recognized for its compliance and quality in manufacturing infused hemp and kratom products, enhancing GPOX's market presence.

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GPO Plus, Inc. (OTCQB: GPOX) has announced a 6-month marketing and consulting contract with Toronto's North Equities Corp to enhance its online presence and social media strategy. As part of the engagement, GPOX will issue 300,000 shares to North Equities. CEO Brett H. Pojunis expressed confidence in North Equities' ability to increase awareness of the company's offerings. GPOX focuses on group purchasing to save businesses money, aiming to create long-term value for members and shareholders.

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GPO Plus, Inc. (OTCQB: GPOX) has appointed Joseph Jaconi as President of its new distribution division, DISTRO+. With over 25 years in the Consumer Packaged Goods sector, Jaconi aims to enhance national sales efforts and distribution strategies. His past achievements include co-founding Tech Armor and developing brands in the hemp-derived CBD market. The primary goals for DISTRO+ involve establishing distribution agreements, onboarding wholesalers, and pursuing potential acquisitions to drive growth.

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GPO Plus, Inc. (GPOX) has engaged Lookhu to enhance its revenue and brand awareness through strategic content and influencer marketing initiatives. The partnership aims to leverage Lookhu's established connections with top influencers and celebrities, including Ray J and Snoop Dogg, to promote GPOX’s newly acquired brands, Nutriumph and Herberall. The campaign includes the development of advertising channels, content creation, syndication across social media platforms, and business development efforts to foster partnerships. A promotional offer of 30% off is currently available for shareholders.

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GPOX has signed an asset purchase agreement to acquire Nutriumph® Supplements and its flagship product HERBERALL®, marking its entry into the lucrative Direct-To-Consumer Vitamin and Supplement sector. This acquisition is expected to further GPOX's growth strategy and expand its product offerings. Nadege Bellissan, founder of Nutriumph®, has been appointed CEO of the new division. Nutriumph® boasts a robust online sales presence across platforms like Amazon, Walmart Marketplace, and more, which will enhance GPOX's distribution capabilities.

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GPOX has entered a strategic multi-year partnership with DEV Distribution as its Master Distributor, effective June 8, 2022. This agreement enables GPOX to distribute DEV's products, including vegan CBD-infused gummies, at Most Favored Nations pricing.

With DEV moving to a new facility capable of producing 30 million gummies monthly, this collaboration is expected to significantly enhance GPOX's growth in the vitamin and CBD sectors.

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GPOX, under its growth strategy, has executed a letter of intent to acquire Nutriumph® Supplements and its leading product HERBERALL®. This acquisition, valued at 150,000 shares of restricted common stock and $50,000 cash, is anticipated to close by June 30, 2022. Nutriumph® specializes in natural, certified supplements designed for health and wellness. The partnership aims to enhance GPOX's portfolio and expand its market presence in the vitamin and supplement sector. GPOX plans to launch Nutriumph® products through its DISTRO+ distribution division.

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GPO Plus (OTCQB: GPOX) has launched DISTRO+, a new Group Purchasing Organization (GPO) aimed at specialty retailers and wholesalers. The Phase One launch focuses on three key objectives: forming distribution agreements with brands, enrolling retailers as members, and identifying potential distributors for acquisition. DISTRO+ plans to offer competitive pricing and low minimum order quantities to its members while developing a diverse portfolio, particularly emphasizing hemp-derived products. This strategic initiative aims to consolidate and enhance purchasing power for independent distributors and retailers.

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GPOX reported a quarterly revenue of $397,094, bringing year-to-date earnings to $995,813, reflecting a significant 160% growth compared to the 2021 Q3 year-to-date revenue of $622,384. The report was filed with the SEC for the fiscal third quarter ending January 31, 2022. CEO Brett Pojunis highlighted the company's momentum, underscoring a solid foundation with growing revenues and new product developments.

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FAQ

What is the current stock price of GPO PLUS (GPOX)?

The current stock price of GPO PLUS (GPOX) is $0.04 as of December 23, 2024.

What is the market cap of GPO PLUS (GPOX)?

The market cap of GPO PLUS (GPOX) is approximately 2.3M.

Where is GPO Plus, Inc. headquartered?

GPO Plus, Inc. is headquartered in Las Vegas, Nevada.

What are GPO Plus, Inc.'s primary holdings?

The primary holdings of GPO Plus, Inc. include HealthGPO, a healthcare industry group purchasing organization, and CBDGPO, a group purchasing organization for the CBD and hemp industry.

What is GPO Plus, Inc.'s expansion strategy focused on?

GPO Plus, Inc.'s expansion strategy focuses on simplifying operations by consolidating products into one distribution service, offering a comprehensive solution for specialty retailers.

What recent establishment highlights GPO Plus, Inc.'s dedication to expanding service delivery?

The recent establishment of a Regional Hub in New Mexico highlights GPO Plus, Inc.'s dedication to enhancing efficiency and expanding service delivery.

What are some key features of GPO Plus, Inc.'s Direct to Store Delivery (DSD) model?

GPO Plus, Inc.'s Direct to Store Delivery (DSD) model has led to accelerated revenues and focuses on consolidating multiple products into one distribution service.

GPO PLUS INC

OTC:GPOX

GPOX Rankings

GPOX Stock Data

2.31M
42.39M
26.66%
Specialty Business Services
Industrials
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United States of America
Las Vegas