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Wednesday, December 1, 2021

Verus International Inc (OTCMKTS: VRUS) Soars As Major Retailer Jumps on Board

Verus International Inc (OTCMKTS: VRUS) is heating up and moving higher after the Company announced a major new customer, Meijer, Inc. one of the largest retailers in the Midwest, with more than 240 supercenters in six states. Meijer will carry the Company’s Big League Foods (“BLF”) candies corresponding to the Major League Baseball (“MLB”) teams most popular in each of its regional markets. Meijer’s stores are located in Illinois, Indiana, Kentucky, Michigan, Ohio, and Wisconsin.

BLF will install candy displays in approximately 200 of the largest Meijer stores, in key metropolitan markets such as Chicago, Cincinnati, Cleveland, Columbus, Detroit, Grand Rapids, and Milwaukee. Depending upon the regional preference, packaging will feature six teams – the Brewers, Cubs, Indians, Reds, Tigers, and White Sox.

Verus International Inc (OTCMKTS: VRUS) is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S., South America, and the Middle East. The Company is an international supplier of consumer products, which it markets under Verus-owned brands to multiple sales outlets. Verus’ initial focus is on frozen foods, particularly meat, poultry, seafood, vegetables, and French fries. Verus has a significant regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa (excluding Office of Foreign Assets Control (OFAC)-restricted nations), with deep roots in the Gulf Cooperation Council (GCC) countries.

VRUS is arleady going big numbers and recently reporting record revenues of $10.8 million for the 6 months ended April 30, 2020 up from $5.3 million for the same period last year.

An exciting new division of VRUS is Pachyderm Labs, in the cannabidiol (CBD) space which enters the Verus product family with a fully developed product line, supply chain, distribution channels, inventory, and initial customers. Pachyderm Labs will feature two main brands, “Elephant Hemp” and “U-Try CBD,” and will initially have more than 12 different SKU’s with multiple flavor and aroma variations, covering health-enhancing oils, creams, lotions and other CBD-infused edibles. Pachyderm Labs has been a stealth initiative under development for nearly a year, so it enters the Verus product family with a fully developed product line, supply chain, distribution channels, inventory, and initial customers. Pachyderm Labs will feature two main brands, “Elephant Hemp” and “U-Try CBD,” and will initially have more than 12 different SKU’s with multiple flavor and aroma variations, covering health-enhancing oils, creams, lotions and other CBD-infused edibles. The brands have been designed for both CBD-oriented retailers and mass retailers such as drug stores and convenience stores.

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VRUS

VRUS recently reported the shipment schedule has been reinstated for T.J. Maxx and Marshalls locations since the closures. Initial shipments will include BLF candy featuring 25 of the 30 MLB teams, providing Verus coast-to-coast coverage for the first time. Based on quantities ordered, products are expected to be in approximately 1,250 stores. VRUS also reported an additional reorder by Big 5 Sporting Goods’ stores, which will mark the third shipment to this important regional chain. Big 5 has 434 locations in 11 states, primarily in the Western U.S. and was one of the earlier chains to reopen in some regions.

On August 24 VRUS announced a major new customer, Meijer, Inc. one of the largest retailers in the Midwest, with more than 240 supercenters in six states. Meijer will carry the Company’s Big League Foods (“BLF”) candies corresponding to the Major League Baseball (“MLB”) teams most popular in each of its regional markets. Meijer’s stores are located in Illinois, Indiana, Kentucky, Michigan, Ohio, and Wisconsin. BLF will install candy displays in approximately 200 of the largest Meijer stores, in key metropolitan markets such as Chicago, Cincinnati, Cleveland, Columbus, Detroit, Grand Rapids, and Milwaukee. Depending upon the regional preference, packaging will feature six teams – the Brewers, Cubs, Indians, Reds, Tigers, and White Sox.

VRUS CEO Anshu Bhatnagar stated: “Meijer is routinely ranked among the top 15 food retailers in the United States, so signing a customer of this caliber will have a tremendous impact on our ability to sign other regional and national chains. Along with The TJX Companies’ locations, we will now have product on the shelves of two of the largest retailers in the U.S.”

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Currently moving northbound VRUS is an exciting story in smal caps; the Company is a revene powerhouse recently reporting record revenues of $10.8 million for the 6 months ended April 30, 2020 up from $5.3 million for the same period last year. The Company just got their products into Meijer with 240 supercenters in six states. Meijer will carry the Company’s Big League Foods (“BLF”) candies corresponding to the Major League Baseball (“MLB”) teams most popular in each of its regional markets. Meijer’s stores are located in Illinois, Indiana, Kentucky, Michigan, Ohio, and Wisconsin. Another exciting aspect of VRUS is its new dvisision; Pachyderm Labs, in the cannabidiol (CBD) space which enters the Verus product family with a fully developed product line, supply chain, distribution channels, inventory, and initial customers. We will be updating on VRUS when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VRUS.

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Disclosure: we hold no position in VRUS either long or short and we have not been compensated for this article.

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