This morning, as another trading week begins, investors are going to look into the stocks of those companies that may have been in the news cycle last Friday, and one of the companies that could come into focus is GPO Plus Inc. (OTC:GPOX). The technology-driven company is a specialist in the manufacturing, development, and DSD distribution of consumer products for specialty retailers like gas stations and convenience stores. On March 29, the company announced that it had been successful in the launch of its first phase of distribution of the LOON products.
In this regard, it should be noted that in December last year, GPO Plus entered into a distribution agreement with the firm Maduro Distributors Inc., doing business as LOON. LOON had been established in 2013 and emerged as one of the leading brands in the world of vaping, having distinguished itself for its varieties of disposable e-cigarettes. The disposable vapes designed by LOON are meant to provide customers with a smooth vaping experience without the trouble of worrying about refilling or maintenance. The vapes from LOON are also known for their compact designs, which not only make them portable but also ensure discretion.
The company also noted in its news release last Friday that the vapes from LOON also come in a wide range of flavors, which provide a unique vaping experience. GPO Plus announced that the first phase of the distribution work had been launched and the products had been rolled out to around 283 convenience stores and gas stations spread across a total of 5 states across the Midwest in the United States. The company also noted that the sales data from the initial stages had proven to be encouraging. The sales velocity had been strong in the initial stage, and the company hoped for stronger sales numbers following the maturation of the markets.
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