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HIRU CORP - HIRU STOCK NEWS

Welcome to our dedicated page for HIRU news (Ticker: HIRU), a resource for investors and traders seeking the latest updates and insights on HIRU stock.

Hiru Corp. (HIRU) is a Georgia corporation listed as a public quoted Pink Sheet OTC issuer. The company focuses on owning and operating commercial water bottling and labeling facilities. Recent changes include consolidating West Coast operations to a Glendale, Arizona location and planning to expand manufacturing operations on the East Coast. The company's CEO, Kathryn Gavin, emphasizes revenue growth and cost-cutting measures to maximize performance.

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Hiru Corporation (OTC Markets: HIRU) has acquired three automated water bottling lines to enhance its manufacturing capacity. This acquisition, which will save the company over $200,000 in cash, is expected to be completed within 120-150 days. The company is also finalizing its SQF certification, allowing it to service significant product invoices from a major retailer. Hiru aims to expand its operations to both the East and West Coasts, further increasing production capabilities and client base. The company has experienced consistent growth in top-line revenue since its restructuring.

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Hiru Corporation (OTC Markets: HIRU) announced a finalized agreement to purchase an automated water bottling line from Sports Quest, Inc. in exchange for common stock. This bottling line can produce up to 57,600 gallons daily, enabling Hiru to meet and potentially exceed the volume requirements of its largest grocery chain client. CEO Kathryn Gavin expressed optimism about surpassing revenue goals for 2022 and 2023 after the purchase. This acquisition will solidify the operational capabilities of Hiru's manufacturing facility in Arizona.

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Hiru Corporation (OTC Markets: HIRU) announced its application for SQF Certification to facilitate co-packing for Walmart and other major retailers. This certification verifies adherence to strict food safety standards and is a crucial step toward securing product orders. CEO Kathryn Gavin stated that receiving this certification would significantly boost top-line revenue from water products. The company is also set to file its 2nd Quarter financial disclosure by June 30, 2022, indicating a focus on transparent operations.

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Hiru Corporation (OTC: HIRU) has established a long-term co-packing agreement with American Eagle Beverage, a prominent white label water distributor. This partnership is expected to generate between $1.5 million to $2.5 million in annual revenue, leveraging Hiru's expanded production capabilities. American Eagle's 'Liquid Business Card' program allows clients to brand water bottles for marketing. Hiru remains current in its reporting obligations as a publicly traded entity.

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Hiru Corporation (OTC Markets: HIRU) has leased a new 51,000 sq. ft. facility in Glendale, Arizona, to enhance its water bottling operations. The facility will support five automated bottling lines, with initial capacity of 36,000 gallon bottles per day. Ms. Kathryn Gavin, President and CEO, anticipates a double-digit growth in demand for their co-packed water products, projecting significant revenue increases over the next two years. The first production line is expected to be operational by June 20, 2022.

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The Alkaline Water Company (NASDAQ: WTER) has announced a new co-packing partnership with AZ Custom Bottled Water to enhance its production capabilities. This partnership aims to support the growing demand for the Alkaline88® FreshCap™ functional beverage line and other water products. AZ Custom Water, which began manufacturing for the company in 2021, is expected to play a key role in production on the West Coast, bolstering supply chain efficiency while meeting market demand.

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Hiru Corporation (OTC: HIRU) reported $976,544 in 4th quarter revenues, slightly below its forecast of $1,000,000, but nearly quadrupling the 3rd quarter results. The company anticipates revenues of $1,500,000 for Q1 2022 and $3,000,000 for Q2 2022, attributed to new bottling lines coming online. Additionally, Hiru plans to cancel 288,012,618 shares, reducing outstanding shares by 16.47%. CEO Kathryn Gavin expressed optimism about continued growth and meeting contractual obligations.

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Hiru Corporation (OTC Markets: HIRU) has transitioned to Empire Stock Transfer, Inc., enhancing its registrar and transfer agent services. CEO Kathryn Gavin expressed optimism about the change, aiming for a successful year in 2022. The company is pursuing DWAC eligibility to facilitate quick securities transfers. Hiru anticipates nearly $1 million in revenues for the fiscal year ending December 31, 2021, and projects revenues between $15 million and $20 million for calendar year 2022 due to increasing sales and new contracts.

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Hiru Corp. (HIRU) announced a cancellation of 288,012,618 shares of restricted Common Stock, reducing the total outstanding shares to 1,460,169,677. This cancellation represents a 16.47% reduction in shares, minimizing dilution for current shareholders. The Company has also lowered its authorized Common Stock from 4,995,000,000 to 1,750,000,000, aimed at improving its capital structure. The shares affected were held by a non-affiliate long enough to remove the legend, thus complying with regulatory exemptions.

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Hiru Corporation (OTC: HIRU) reported over $250,000 in revenues for Q3 2021, consistent with previous forecasts. The company anticipates exceeding $1,000,000 in Q4 revenues, fueled by a fully operational new facility. For the fiscal year 2022, projected revenues range between $5,000,000 and $10,000,000. This growth may necessitate multiple new facilities to accommodate increasing customer demand. CEO Kathryn Gavin highlighted that increasing production capabilities correlates with rising orders, indicating positive growth momentum.

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FAQ

What is the current stock price of HIRU (HIRU)?

The current stock price of HIRU (HIRU) is $0.00165 as of November 22, 2024.

What is the market cap of HIRU (HIRU)?

The market cap of HIRU (HIRU) is approximately 4.1M.

What recent changes has Hiru Corp made to its operational footprint?

Hiru Corp has consolidated its West Coast operations to its Glendale, Arizona location and plans to focus on acquiring full-scale water bottling facilities on the East Coast.

Who is the current CEO of Hiru Corp?

Kathryn Gavin is the President and CEO of Hiru Corp.

What is the focus of Hiru Corp's strategy?

Hiru Corp's strategy is to aggressively scale up manufacturing operations to attract new revenue streams.

Is Hiru Corp involved in any legal disputes?

Hiru Corp faced litigation but successfully set aside a default judgment due to negligence by ex-management. The company intends to vigorously defend against any frivolous complaints.

Is Hiru Corp still in the water bottling business?

No, Hiru Corp is no longer in the water packing business and is offering its current equipment for sale through a business broker.

What shares did Hiru Corp recently claw back?

Hiru Corp successfully recovered 1 billion common shares with claw back provisions from an ecommerce & shipping acquisition.

What future plans does Hiru Corp have?

Hiru Corp is in final negotiations with a new CEO and management in the mining sector as part of its future plans.

Where can I find more information about Hiru Corp?

For further details and updates, visit the company's official website at www.otchiru.com and follow their social media channels.

Who has recently joined the Hiru Corp team?

Mr. R Molebatsi (Thebi) has been appointed as the new mining COO at Hiru Corp.

What values does the new COO bring to Hiru Corp?

The new COO, Mr. Thebi, brings a wealth of experience from various industries and a dedication to social justice, aligning with Hiru Corp's values.

What is the focus of Hiru Corp's mining division?

Thebi will spearhead the mining division focusing on mining businesses in Africa and gold trading/processing.

What operations will be highlighted on the new Hiru Corp website?

The new Hiru Corp website will feature mining and gold trading ventures, including joint ventures and mining projects.

What changes are expected in Hiru Corp's share structure?

Following the claw back of 1 billion shares, Hiru Corp's share structure will undergo adjustments, returning the shares to the treasury.

What are the expectations for Hiru Corp's future profitability?

Hiru Corp expects to make a profit moving forward with the current right-sized business model.

What is the status of the management at Hiru Corp?

The CEO and COO are stepping down to make room for a new CEO and COO focused on the mining field.

What actions is Hiru Corp taking to improve its business model?

Hiru Corp is in the process of restructuring its website to reflect separate sectors engaged in logistics and mining.

What updates will follow shortly at Hiru Corp?

For further updates on management changes and new developments at Hiru Corp, shareholders and followers are encouraged to visit the company's website.

What steps is Hiru Corp taking to defend against litigation?

Hiru Corp intends to vigorously defend against legal complaints, including a recent case involving a Credit Union.

What is the focus of Hiru Corp's mining operations?

Hiru Corp is looking for a new CEO to lead its mining operations and aims to continue delivering value to shareholders and stakeholders.

HIRU CORP

OTC:HIRU

HIRU Rankings

HIRU Stock Data

4.08M
1.50B
44.35%
4.6%
Integrated Freight & Logistics
Industrials
Link
United States of America
Phoenix