$VRUS 3-YEAR TIME LINE (December 2019 edition)
Here is a recap of how Verus International has transformed
itself into one of the fastest growing stocks on the OTCQB.
Jpeg version with photos here -- https://twitter.com/NesteggMcMuffin/status/1203889133715783680 January 2017
Anshu Bhatnagar takes over as CEO of RealBiz Media Group.
Begins transforming this moribund real estate company into a global food distributor by building on his success at American Agro Group. Opens HQ in Gaithersburg, MD.
Begins by shipping product to Middle East.
Hires MKR and Mark Forney as IR, who took eGain to Nasdaq. December 2017
Company settles year-long legal fight with old RBIZ management so new incarnation can run free. (No mean feat.)
Monaker chief Don Monaco personally backs Anshu. “I believe in Verus Foods’ business model and want to help the company begin its growth phase.” July 2018
FINRA approves RBIZ spin-off into Nestbuilder, which is the remnant of RBIZ’s real estate video business.
Verus revenue increases 102% over first half of 2017. Anshu’s global contacts in food biz paying off already. August 2018
Company changes name to Verus International. (Verus means truth in Latin.) $VRUS ticker symbol voted by online poll of shareholders. Not quite the lift-off some predicted, but longs sit tight as first Investor Deck is released. September 2018
Company posts a 77% increase in sales for the first nine months of 2018.
IR Mark Forney manages expectations as company enters self-announced “quiet period”…
Shares go as low as .0019. February 2019
Verus gets $1.45M in recapitalization from Cronos seed investor Andrew Garnock, which retires toxic notes from four creditors.
Garnock’s unveiling as angel investor is the game-changer. He is exactly the kind of “special investor” turnaround growth plays like Vrus dream of. His investment, for example, in Cronos started when it was SearchTech well ahead of the legalization of CBD. In 2014, SearchTech did a reverse merger and simultaneous reverse split (FYI) with Hortican, and renamed itself PharmaCan. Garnock added to his position in 2016. Renamed Cronos, it attracted a $1.8B (as in billion) investment from Altria two years later.
Turns out Garnock bought his first shares in Verus back in the RBIZ days of 2017. He reached out to IR and was connected to Anshu.
“Why was he so interested this particular company?” is a very good question. Verus talks of a “master plan” and inching back the curtain.
In November 2017, Garnock also launched Disruption Labs, a private venture dedicated to nano wellness tech that enables drugs/vitamins/minerals etc. to be absorbed directly into the blood stream. Nano tech is used in chemo treatment, but Disruption has been working on a process to use it in food, beverage, nutraceuticals, supplements...
Verus announces $10 million honey deal for Europe and Middle East. March 2019
Announces $4 million rice deal annually for Dubai market.
Anshu: “This is exactly the kind of contract that we believe we can replicate many times over.”
Vrus announces annual sales of $5.8 million for fiscal 2018, 101% increase over 2017. April 2019
Monaker Group on its conference call says it’s staying invested in Vrus: The company is "doing well" and they expect to “recover several millions of dollars” from their original Rbiz investment.
(Little did we know Monaker would be selling its 150M Verus common shares within three months!)
Anshu tweets about “new beginnings” for Spring, and lo and behold -- April 2019
Announces first M&A deal with Big League Foods to sell Major League Baseball-branded frozen dessert products and confections in 2500 stores. The exclusive license covers all 30 MLB teams. It's a turnkey op that will generate revenue very quickly.
* Secures $600k in funding for baseball ice cream production from GS Capital on impressively favorable terms.
* Big League President James Wheeler joins Maryland operation to run ice-cream subsidiary. Already busy with Anshu setting up production. (Moving fast, folks.)
* New designs for MLB ice cream unveiled — and plans for MLB candy.
* Distribution announced for 2500 stores including 7-11s, BP, Chevron, Shell, etc. First footprint into the US market. Humungo.
* Andrew Garnock adds $500k by buying 41M Verus shares at market @ .012. June 2019
Award-winning CPA Chris Cutchens is appointed fulltime CFO. “Anshu’s entrepreneurial spirt and the potential size of this opportunity were both very appealing. I am excited to be part of a true growth story at such an early stage.” (You and me both.)
His deal includes 30M shares vesting over three years, which shows real long-term faith.
S-1 is filed confirming Andrew Garnock’s involvement as “lead investor”. He and his company ARJ Consulting now own 577M shares (25.2% of the OS).
CEO Anshu Bhatnagar says: “We look on our business as a multi-year growth story, so this latest investment shows Andrew Garnock’s commitment to that vision.”
Berdon Ventures also increase their share count to 162M. A huge statement of confidence in the company. Q2 released
Revenue hits new company high of $2.9 million — 153% increase over previous Q2.
Third straight triple-digit Q earnings increase in a row. Price hits new high of year of .0373 July 2019
Uplist to OTCQB confirmed
FYI Free real-time
L2 available for $VRUS on the OTCQB website. https://www.otcmarkets.com/stock/VRUS/overview
Secures $605,000 note from Eagle Equities -- fixed-rate for one year, convertible at no less than $0.10 per share. Money goes straight into ice-cream production et al.
Increases funded backlog to $38+ million in annual sales.
“Verus is projecting rapid growth during the second half of 2019 in three major markets: the U.S., Europe and the Gulf Cooperation Council countries.”
First photos of ice cream rolling off the production line
. “Our baby is born!” Same manufacturer as “other big-name brands.”
Over the summer lull, price is beaten down to .02 and even .017. Which is why you need to know your fundamentals, folks. DD is the best protection against FUD. Starting with these: The Verus Investor Decks https://www.verusfoods.com/corporate-presentation
Well worth a look. Shows the scale of ambition here.
Reveals plans to enter South American, European and Asian markets.
Guidance is for “triple digit growth over the next SIX few quarters”.
Says commercial bank credit line
is “pending” and sure enough, one week later… August 2019
$500,000 revolving line
of credit (“LOC”) is confirmed with The Columbia Bank of MD.
As Mark Forney puts it: “Investors have not seen even 1/3 of the game plan yet.”
First photos appear of MLB candy in stores
Hits first four key baseball markets: Chicago, New York, Boston, and Philadelphia.
S1-a filed bringing investor share registration up to date.
William Kerby, CEO of Monaker, elects to take his cash bonus in the form of 5M Verus shares.
Verus secures $13.5m in credit insurance from blue-chip firm Euler Hermes -- and it’s international insurance, which is harder to get that purely domestic. Another big step forward.
First photos of MLB ice cream in stores. Worth stressing the ice cream deal from announcement to stores takes just FOUR months. September 2019
Verus acquires french fry operation in Dubai from multiline food company “in transition”. Deal is for $544k cash upfront. Sets a path to build on operation’s existing contracts with hotel, restaurants, etc. with other products.
Verus announces Q3 early with conference call.
154% YOY earnings increase - seventh straight Q with revenue growth.
Share price rebounds to .0348. Highest closing price of the year.
Bears promptly attack driving it down. Price rallies to stay above .02 -- over double where it was in May, despite the hidden pressure of Monaker selling tens of millions of shares.
The OTC has 10,000 active listed stocks. Only 21 can boast + $10m revenue and +150% growth. Verus is one of those companies. That makes it a 1 in 500 stock.
Appoints Michael McGowan as General Counsel and SVP of Corporate Development.
A fulltime white shoe legal eagle is another massive step forward; his resume includes Harvard, Georgetown, and billion $$ deals for Time
Warner, Netscape, MapQuest.
"Throughout my career, I have had the opportunity to be a senior leader for several amazing growth stories,” he says. “That is one of the reasons I joined Verus at this key point in its business acceleration.” November 2019
Company reveals $605K note due in November was paid off early.
BLF unveils new baseball gummi designs.
News breaks that Monaker Group has been liquidating its Verus shares (“within a year”) to plug its $9M net loss. Panic selling takes Verus PPS down to .012 even though Monaker execs issue an 8K revealing they’re personally buying $450k of Verus shares for themselves at .016.
Verus announces controlling interest in Nutribrands LLC
A long-established Brazilian company that sells nutraceuticals, supplements, energy bars, drinks, wellness products and even skincare. The products are proudly made in the USA, paving the way for Verus to distribute those same products domestically.
Projected revenue from the deal for first year is $18.4M.
Verus presents to investors at NIBA conference in New York. Full Investor Deck released https://834aa285-3862-4a19-a11c-16f6fa87f759.filesusr.com/ugd/703a12_57a84cedfda74e07856f9816efefae28.pdf
Full Investor Deck is a must read for any shareholder. Revenue Guidance for 2020 is $59M with current funding -- a fourfold increase on 2019.
With extra funding, revenue guidance goes to $98M.
Even by Nasdaq standards, this is beyond exceptional.
Verus announces it owns a 10,000 manufacturing facility in Houston with the option to double the size in the same building. Facility will produce candy and nutraceuticals, starting with baseball gummis for Spring baseball season; Vivamil energy shot also on the fast track.
The Houston facility will operate as Success Labs and is 165 miles from the Disruption Labs facility in Austin...
PPS rallies back above .02 as company readies to present at LD Micro Index. UPCOMING EVENTS
* Increase in international credit line
* Open domestic credit line
* “Finalize” first orders for MLB product from national retail chains
* Announce “pending” late-stage scalable M&A ONWARDS TO 2020
* Presenting at Sports Licensing and Tailgate trade show on Jan 14-16 in Las Vegas.
* 10K annual report due Jan 29, but expected a little earlier: projected annual rev. ~$13.5M.
* Uplist to major exchange...
With the move into manufacturing, clearly the story is just beginning.
Nest OBLIGATORY FINANCIAL DISCLAIMER
All of the above is strictly my own opinion. I am demonstratively a good karma long and I endeavor to share accurate information (and always happy to correct mistakes), but I am not a professional adviser of any kind. Be sure to do your own due diligence before investing in anything -- especially in the OTC.
- Nestegg McMuffin
PS I recommend you get on twitter. Free to join, easy to use. Lots of posts, charts, and info from solid longs, plus official Verus Foods and BLF feeds where news often breaks first. Just search for $VRUS
There’s also a private Facebook group for Verus shareholders if you prefer like a more civilized vibe. No swearing, no personal insults, and absolutely zero FUD. Occasional pet photos permitted. https://www.facebook.com/groups/771015673349812/about/
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