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Wednesday, June 19, 2019 9:00:33 AM
As mentioned by our CFO, with the MLB licensing, Verus essentially gains 30 fully developed and marketed brands that need very little introduction and marketing.
Verus business model has allowed for triple-digit growth over the last couple quarters, and that was with a primarily unfunded backlog.
This year, as Verus has garnered funding, it has already signed two new contracts worth tens of millions in revenue at a fantastic 15% margin.
Without giving equity away for the MLB deal, Verus amplified its capabilities for not only new exciting products, but this deal also opened a brand new market to Verus- America.
The 2500+ locations where Verus' products will placed, are all brand new locations for the company, and will undoubtedly launch revenue to new heights.
With a little thought, one can easily see where VRUS is going with its reach almost all the way across the globe at this point, with cash flow and backlog being larger than ever before- and its revenues being larger than ever before.
All of this information can be found via 6/18/19 conference call with Verus management on the company's investor relations page.
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