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Are you still holding this one? I sold at .005 and added back today at .003. Any thoughts?
Added back again at .003 the one I sold at .005
What’s the plan?
Verus International Finalizes Distribution and Product Development Agreement with Texas-Based CBD Distributor
BY GLOBENEWSWIRE — 01/15/2021
Gaithersburg, MD, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Verus International, Inc. (VRUSD) (“Verus” or the “Company”) has finalized a distribution and product development agreement (“Agreement”) with Texas-based Toro Imports (“Toro”), one of the largest CBD and related lifestyle products distributors in the industry. Under this Agreement, Toro will distribute Verus’ Pachyderm line of CBD products and will also work with Pachyderm to develop new products in emerging high-demand market segments. Toro will also carry Pachyderm CBD products in its own chain of retail stores.
The initial launch will cover approximately 1,000 locations, with a longer-term goal of reaching all 5,000 plus locations served by the Toro sales network. Initial distribution will begin in Texas, then expand to Florida, Georgia and New Jersey. The initial launch will concentrate on 25 to 30 of Pachyderm SKUs.
“Toro has been in this business for 15 years, so they are an experienced partner that knows the trends in the marketplace as well as anyone,” said Verus (VRUSD) CEO Anshu Bhatnagar. “Our goal for the Pachyderm line is to establish our brand as a household name in the CBD space, so agreements with established companies such as Toro will move us more quickly down that path. This industry is evolving and expanding rapidly, so having the ability to respond quickly to market trends is going to become increasingly important. We are excited to work with Toro to gain traction with the Pachyderm line throughout the U.S.”
Today’s Agreement marks an important step in a strategic plan that can now be implemented following the completion of Verus’ 1-for-500 reverse stock split. Verus’ initial goal during 2021 is to position Pachyderm as a key player in the CBD marketplace.
About Verus International (VRUSD)
Verus (VRUSD) is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S. and on a global basis. The Company trades on the OTC market . Investors can find real-time quotes and market information for the Company on www.otcmarkets.com. Additional information is also available at the Company’s website, www.verusfoods.com, the Eliot’s Nut Butters website, www.eliotsnutbutters.com; and via the official Twitter feed @Verus_Foods, and the Pachyderm Labs subsidiary Twitter feed @PachydermLabs.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contacts
Investor Contact:
MKR Group Inc.
Todd Kehrli or Mark Forney
vrus@mkr-group.com
Why you say 12M O/S. TD shows only 9.8M O/S
Why are they holding it down.. Smh
Damn if you bought at .01 or .02 new SP average is $5 or $10.
GL
I hope it gets there in next 2-3 years
Someone wants cheapies and stacking the ask.
It will be gone pretty soon
HODL HODL... we will close above .005+ today volume is really good
HODL HODL HODL
GLTA
Nice accumulation going on and this time it will run hard.
GLTA .0033 is forming as a new support
I have a feeling it will test a penny one more time. After that it depends on the PR. I jus read somewhere it has 4.7B shares but the float is really tiny. Most shares are owned by NECA insiders and are locked.
I think it’s an easy .01 let’s see
Me too.. I’m holding a milly for that pop to .006
Mm107 you still holding a small position?
We have bottom out.. look for that red to green Finish.
That’s why they will impeach him so this doesn’t happen again.
The security head said they weren’t given clear direction if to release the national guards or not. This is BS. Why will one think twice if Capitol Hill is on the line.
Oh well I hope it don’t happen again.
If it’s not that.. then MM’s playing games.
They want cheap shares and holding it down. It will rise once they are loaded.
HODL HODL HODL
GLTY
The whole market is RED bcuz of Trump impeachment news.
It’s a great day.. we need to break above .0039 and make a new support.
It’s all good in the hood
MM wants cheaper shares.. jus one word
HODL HODL HODL
Next big runner is in the make.
GLTA
.0039 was the support not .0040 and it closed right at the support. Next week will be fun. We go back up.
PR awaiting.. once PR hits it will be penny bound.
With more volume this will fly past .01 in a heartbeat..
HODL HODL HODL
Damn 10M smack.. ready to move up
GLTA
I can only think of one word right now
HODL HODL HODL going back to penny land.
It’s very normal with VIBI to have a 50% retractment
Look at the previous green candle. It’s always the case. Now we will build a new support on .0009 before next leg up which will be in next 2-3 weeks
I hoping some kind of a PR on next leg up so we can break thru a penny
GLTY
My best guess is those are restricted shares which will be converted into shares later.
I’m thinking CEO is planning in advance to have some kind of funding as a back if needed to during a merger.
Jus my 2 cents
MM107 what the next move from here?
I added .004 and .003 glad my stop loss was triggered the other day at .006
You still believe it will go back above .01+?
My new average is .0035.
GLTY
VIBI has a pattern of going up and 50% pull back.
Once the SP is lil higher.. ppl will stop flipping.
It makes sense to flip at these level. SP is very cheap to flip.
I’m here to stay long.. looking for .005+
GL
Baby steps.. we got this.
Let’s close red to green.
We will rise from the Ashes... get ready for the next leg. We are going to the penny land.
GLTA
Heelllloooooo...
Anyone there? Is this still a company or a shell?
Hellloooo wake up AB!!
Someone got unlimited shares.. not me
They trying to scare ppl. Hang tight brothers and sisters we will win at the end.
GL
I’m in now guys... time to go back up.
Jus spoke to the CEO.. PR is almost ready
GL
Good morning NECA... my funds are cleared now and I’ll be getting back in the game today.
CEO has been informed to release the PR once my order is filled.
GLTA
Got it.. yes I know about the $2.50 rule to short penny stocks. Thank you for all your help. Will DM you on Twitter. I think you can make me some real good money $$$
I would have bought today if I had my funds clear. I think I’ll get .005 tomorrow. My 1M shares back at $1000 discount.
Is this considered shorting a stock. Although I know it’s very impossible to short an OTC stock. Wanna know your point of view. Also if you don’t mind I wanna follow you on Twitter pls!!
We will move up tomorrow.. they waiting for my funds to settle. I told CEO not to release any PR’s until I’m back in at discounted price.
Looks like .0042 is a solid support. It got tested 4-5 times and didn’t break.
Damn let’s close strong and set a new base above .002
Oh BTW everyone’s favorite TSLA is another one...almost going to $1T valuation with $425M cash in hand and sales revenue of 1/7th the market cap. Well I need to stop with that logic bcuz it’s doesn’t exist or makes sense. Ppl said TSLA will not cross $1000 prior to RS and now here we are it’s going for $1000 after RS. This is the market now a days.
Yes very true... I missed OCGN bcuz of same reasoning. It went from .32 to $4 almost 1200-1300% which made no sense. Company went from a market valuation of $16M to $500M within a week. News was rock solid but again I got caught between the fact about company valuation. I guess sometimes the real valuation comes later on down the road.
In NECA’s case it will be jus like what you said.. merging along or adding another company.
Let’s see GLTY (I’m in SNDL thinking it will be next major runner to $1 and this time I’m not looking into market valuation concept. Hopefully it pays off)
Awesome.. I appreciate that.
I always like to trade based on company valuation aka revenue generated. It clarifies many things.
Thanks once again.
Sorry off topic question. I see they have 4.9B OS but the float is only 2.5B
Can you tell me how that affects the SP or market valuation of the company.
Thank you