Justkitchen Seems North-Bound With TGIF Agreement and 20th Ghost Kitchen
The Toronto Stock Exchange-traded company inks top-tier brands clientele as its popularity rises globally
JustKitchen (TSXV:JK.V) is probably one of the most aggressively growing ghost-kitchen delivery experience companies in the world. With a unique hub-and-spoke business model set to generate $50 million recurring annual revenue per each regional hub and four countries already in development, popular JK is well underway to a $200 million in revenues growth over the next few years. JK’s management recently disclosed expansion into Hong Kong and the Philippines with the major milestone being the expected massive entry into the US, which may further boost revenues and growth.
The company’s aggressive news-flow policy provides the investors in Canada, the US and Asia-Pacific with much needed transparency into their execution and plans as market expectations were set by analysts for their share price to more than double over 2021 based on JK’s global growth momentum.
The recent announcement supports analysts’ projections with the addition of Two New Menus that currently form part of JustKitchen’s total offering of approximately 25 proprietary and third-party food menus currently available via the JustKitchen app and other third-party delivery platforms to customers in the vicinity of select JustKitchen ghost kitchen locations.
The delivery-only TGIF Go Burgers Collection was developed in cooperation with TGI Fridays based on the company’s existing relationship with the global enterprise. The TGIF Go Burgers Collection adds three new TGI Fridays hamburgers to its TGIF Go offering, for the Company to strive to capture the most frequently ordered American food items on third-party delivery applications.
In addition, the Cali Vibe Bento brand was created in-house by JustKitchen and the menu features healthy bento items for people who want smaller portions of protein for their diets. The brand also offers lower price points, starting at $5.35 per item. The Cali Vibe Bento brand is intended to fill a demand gap identified by the JustKitchen team for lower-priced bento items, especially for customers in additional regions.
In this new post-pandemic world of food delivery experience and ghost-kitchens, JustKitchen rises as a solid top-tier player innovating its way through the young industry with targets being achieved steadily while generating significant upside value to its shareholders.