Oventa Foods, Subsidiary of US Highland / CRUZANI is the new name and partnership between industry experts Mario and Barbara Parravano and a new US public company emerging to advance next generation food production services for North American retailers and providers of packaged food to the public in any commercial venue.
Our existing facility is undergoing new design enhancements to better support our ambitious new outreach to the commercial food industry.
Our management team and their associates have many decades of award winning experience in the sector, having operated production plants with high volume thresholds and service to many Fortune 500 companies.
Everett Dickson, CEO summarizes as follows, “We’re excited to report our first ever revenue for our Q3 reporting period. Our sales growth was driven by the launch of our Oventa Foods subsidiary, which possesses a 40,000 square foot bakery operation in the Greater Toronto Area (GTA) of Ontario, Canada.
WHAT SUB PENNY STOCK HAS A 40,000 Square foot production facility producing $1 million in revenue? NONE PROBABLY!
We have nearly $7 million in hard assets and are approaching $2 million in per annum revenues, and yet our market cap is less than $1 million. Given our current vastly undervalued conditions,
But unfortunately was have seen that with growing revenues we are seeing debt and losses growing even faster. The latest Q3 showed that losses were 30 times greater than total revenues. The Q2 showed losses of $105,422 while the Q3 showed a whopping loss of $2,435,436. Sure it takes money to make money but not when it cost $30 to create $1 in revenue. That's it total nuts.
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