$KOSK .0089 Is 2018 the year of One Step Vending Corp (OTCMKTS:KOSK)?
It appears so.
The stock is threatening to break out of a 12-month trading range, in a classic bounce-back play. The stock’s outlook on Wall Street has received a major boost, with the company acquiring new business locations and announcing a platform for the sale of CBD based consumer products.
An 80% spike, in share price, in under a month underscores renewed investor interest in the stock. Trading volumes have shot up in recent trading sessions, is a sign the stock could edge higher on easing selling pressure.
What Does Ones Step Vending Corp Do?
One Step Vending Corp is a diversified holding company that acquires market changing and disruptive businesses, with the aim of generating value on assuming control. Once acquired the company supports the subsidiaries on the financial, sales and marketing front, in a bid to accelerate growth and shareholder value.
Why the Is The Stock Climbing High.
The stock outlook in Wall Street received a boost on the company announcing plans to expand its business empire into the marijuana industry. The company has confirmed plans to release a new web platform that will be used to sell innovative brands of CBD products online.
After carrying out an extensive market research and meeting up with several manufacturers and distributors, the company says it has found the right mix of products, ideal for kick-starting its operations in the multi-billion industry.
The company is to launch a pilot program as it looks to test the waters in the multi-billion CBD and hemp industry
“We are excited! We are currently on the verge of producing an innovative line of hemp and CBD related products for our consumers that will amplify the scope and scale of our operations and accelerate growth for the company and its investors,” said Chief Executive Officer of One Step Vending Corp. Daniel Garfinkel.
Expanding into the marijuana industry presents yet another unique opportunity for One Step Vending Corp to diversify its revenue streams. A number of states have already legalized the use of marijuana for medicinal purposes with the market expected to expand, even further, with recreational use legalization.
Given that the industry is, just but starting, One Step Vending Corp stands an excellent chance to generate significant revenues given that there is no clear leader in the lucrative marijuana and hemp business.
Acquisitions To Accelerate Growth
A spike in share price in recent weeks can also be attributed to the announcement of a new strategic direction that One Step Vending Corp says will accelerate growth. The company is eyeing a number of acquisitions as it looks to strengthen its convenience, vending, and micro markets space.
“The Company has been successfully deploying markets and developing its proprietary technologies, and there is an opportunity to purchase operators that have a significant footprint of stores, that are looking to exit entirely or partially in order to achieve further growth,” stated Mr. Garfinkel.
The operator of the convenience, vending and micro market space plans to take advantage of the fact that many operators are seeking for ways to enhance revenue and partial sale. By purchasing new operators, the company hopes to scale its significant footprint in the market in a bid to strengthen its product mix.
Late last year, One Step Vending Corp announced the installation of a micro market kiosk in San Diego. A deal with TriWest Alliance Premises opened the way for the company to expand its wings across 28 states, in which the healthcare service provider currently operates.
The partnership is expected to strengthen the company’s revenue base as it continues to explore ways of offsetting acquisition costs as a result of the new strategic plan.
What Next for One Step Vending Corp
There is no doubt that One Step Vending Corp has a long way to go after feeling the full effects of short sellers over the past one year. However, if recent developments are anything to go by, then it goes without saying that the company is in the right direction as it tries to bounce back.
Expansion into the Marijuana industry underscores the company’s readiness and willingness to expand into new businesses that have the ability to strengthen its revenue streams and generate more shareholder value.
That said, the future looks bright as the company embarks on a new strategic direction of focusing on acquisition to accelerate growth. The company has every reason to succeed, on improving fundamentals and new opportunities in the marijuana sector. For early birds, here is a stock that could be headed for the moon on spiking trading activities.
AI
