TWO HANDS CORPORATION EXPANDS WITH FOCUS ON SPECIALTY ITALIAN IMPORTS

Rhea-AI Summary

Two Hands Corporation (CSE: TWOH) has expanded its Italian product offerings on the Gocart.city grocery platform. This initiative aims to enhance differentiation in a growing online grocery market, particularly in the Greater Toronto Area. With a surge in online grocery shopping trends, the company plans to offer authentic Italian products, including unique pastas and olive oils, to meet rising consumer demand. The expansion is supported by partnerships with local Italian manufacturers, reflecting a strategic move to capitalize on evolving shopping behaviors.

Positive

• Expansion of Italian product offerings on Gocart.city.
• Strategic partnerships with local Italian manufacturers.
• Response to growing online grocery shopping trends, with consumers increasingly seeking specialty products.

Negative

• None.

Toronto, Ontario, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Two Hands Corporation, (CSE: TWOH) (OTC: TWOH) is pleased to announce that it has returned from travels in Italy securing more local Italian partners to expand their product lines available on their leading grocery platform, Gocart.city, with a continued focus on specialty Italian imported grocery products.

“With grocery platform sales continuing to rise it’s important to keep differentiating ourselves. We are excited to be expanding with this new line of authentic imported Italian products made in Italy for our diverse customers in the Greater Toronto Area. We will be offering everything from unique pastas, olive oils to panettone for the holiday season.”  Nadav Elituv, CEO of Two Hands Corporation.

The online grocery trend exploded throughout the pandemic and according to a recent report from CPA Canada the trend is here to stay. While only 19 per cent of Canadians engaged in online grocery shopping pre-pandemic, that number had jumped to 30 per cent just one month into the pandemic and to nearly half (49 per cent) after a full year of pandemic living. ⁽¹⁾

Our new products are sourced and imported from local high quality food manufacturers in Italy.

(1) https://www.cpacanada.ca/en/news/pivot-magazine/online-grocery-shopping

ABOUT TWO HANDS CORPORATION
Two Hands Corporation (CSE: TWOH) (OTC: TWOH) is a food distribution company through three on-demand food brands, GoCart.City, Grocery Originals, and Cuore Food Services. Please visit our website at www.twohandsgroup.com

ABOUT GOCART.CITY
Gocart.city, a division of Two Hands Corp., is an online grocery delivery market that services the Greater Toronto Area and beyond. They curate and deliver the freshest produce and specialty foods in Southern Ontario. To learn more about Gocart.city, please visit www.gocart.city.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Any statement not regarding a historical fact is a forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the company's ability to finance its planned expansion efforts; the company's ability to raise funds on acceptable terms; the company's ability to successfully adapt its business model and such other risks disclosed from time to time in the company's reports filed with the securities and exchange commission including those on the company's annual report on form 10-K. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.

CONTACT:
Two Hands Corporation
IR@twohandsapp.com
www.twohandsgroup.com
www.gocart.city

FAQ

What is the recent development for Two Hands Corporation (TWOH)?

Two Hands Corporation announced the expansion of its Italian product offerings on its grocery platform Gocart.city.

How is Two Hands Corporation adapting to online grocery shopping trends?

The company is enhancing its product lines to include authentic Italian items in response to the increasing popularity of online grocery shopping.

What types of products will Two Hands Corporation introduce on Gocart.city?

The new offerings include unique pastas, olive oils, and panettone, aiming to cater to customers in the Greater Toronto Area.

What was the impact of the pandemic on grocery shopping trends in Canada?

Online grocery shopping in Canada increased significantly, with participation rising from 19% pre-pandemic to nearly 49% after a year of pandemic living.

What is the stock symbol for Two Hands Corporation?

The stock symbol for Two Hands Corporation is TWOH.