Technology News

The Company has Signed an Agreement with India's Largest Co-Shared Kitchen Space Provider to Offer a Variety of its Delivery-Only Food Brands in Tranches Across the Large, New Market

Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) a technology focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce it has signed a royalty-based Virtual Kitchen Services Agreement (the " Agreement ") with Cloud Retail Solutions Private Limited doing business as Kitchens Centre (" Kitchens Centre "), which is located in New Delhi, India . Effective April 16, 2022 the Agreement makes JustKitchen's portfolio of food brands available for delivery in the large, new Indian market, which is planned to be authorized and deployed in multiple tranches.

JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)

Pursuant to the terms and conditions of the Agreement, Kitchens Centre has agreed to perform all services related to order intake and fulfillment including, but not limited to, food preparation, packaging and coordination of order pick-ups by third-party delivery service providers. In exchange for making its portfolio of approximately 30 food brands available to Kitchens Centre in India , JustKitchen will receive a percentage of net receipts on all orders and has agreed to provide access to its manuals and portals, provide training to Kitchens Centre's personnel, complete inspections and execute a mutually agreed upon a marketing strategy, among other terms.

"We are thrilled to partner with JustKitchen to quickly ramp up its presence in all tier 1 cities in India within the year. With great recipe development capabilities by both Kitchens Centre and JustKitchen's culinary team, specialized ghost kitchen SOP's , and wonderful customer experience, we are confident that JustKitchen's brands will be an instant hit in the country" said co-founder and CEO, Lakshay Jain of Kitchens Centre. Kitchens Centre is the largest co-shared kitchen space provider in India with over 1000 kitchens, in 80 locations in over 25 cities and it works with more than 350 brands. The business aims to provide young food entrepreneurs with access to the cloud kitchen space. It also provides opportunities to established brands, like those of JustKitchen, to expand into new markets and explore business prospects in food delivery-centric locales across India .

Kitchens Centre also offers facilities on a kitchen-as-a-service (" KaaS ") to its clients. KaaS is a service that provides a well-equipped, ready-to-use kitchen to anyone who wants to either start their new culinary venture or wants to expand to new locations without adding physical stores. 1 Kitchens Centre provides ready-to-move-in, compliant delivery-based commercial kitchens to food and beverage brands aiming to reduce overhead costs for businesses, along with many other benefits. More information about Kitchens Centre can be found on its website: https://www.kitchenscentre.com/

Management Commentary

"We are excited to enter the large Indian market, which is yet another new market for JustKitchen in 2022. Expanding our footprint across Asia and deploying our tasty proprietary menus plus third-party brands to new customers, in a scalable and asset-lite model, continues to be at the core of our competitive strategy. And Kitchens Centre's innovative business model makes our collaboration very exciting to will certainly expedite our growth," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "To have Kitchens Centre offer JustKitchen's delivery-based brands to a significant new group of consumers in India is aligned with our mission of providing people around the world with authentic, high-quality and easily accessible food, all enhanced by the power of technology," added Mr. Chen.

ABOUT JUSTKITCHEN

JustKitchen is primarily a technology focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently conducts business in Taiwan , Hong Kong , India , the Philippines and Singapore with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model where appropriate, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.

For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding making JustKitchen's portfolio of food brands available for delivery in the large, new market of India for the first time; and authorizing and deploying food brands in multiple tranches. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Endnotes:

  1. "KaaS (Kitchen-as-a-Service), a boon for the high-risk restaurant market", Sonal Mishra , Medium, September 22, 2020 , https://fabled.medium.com/kaas-kitchen-as-a-service-a-boon-for-the-high-risk-high-failure-restaurant-market-61e23623d356

SOURCE Just Kitchen Holdings Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/08/c5993.html

News Provided by Canada Newswire via QuoteMedia

JK:CA
Just Kitchen

JustKitchen


Keep reading...Show less
JustKitchen Optimizing Operations Using Technology

JustKitchen Optimizing Operations Using Technology

TSXV: JK   OTCQB: JKHCF   FRA: 68Z

The Company is Investing in Several Core Aspects of its Teck Stack Including the JKOS Platform, LPOS System, Franchise Model, Mobile Food Ordering Application, Supply Chain Integration, Sigma Tool and JK University Repository

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Implementing Margin Improvement After Rapid Growth Phase

JustKitchen Implementing Margin Improvement After Rapid Growth Phase

TSXV: JK   OTCQB: JKHCF   FRA: 68Z

The Company's Margin Initiative Includes Streamlining Operations, Pursuing More B2B Opportunities, Lowering COGS, Reducing Redundancies and Renegotiating Key Agreements at Opportune Times

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Opening Next B2B Ghost Kitchen in Central Taiwan Science Park

JustKitchen Opening Next B2B Ghost Kitchen in Central Taiwan Science Park

TSXV: JK   OTCQB: JKHCF   FRA: 68Z

The Company's CTSP Location is Expected to Serve Approximately 2,000 Meals per Day, with Proximity to More Than 150 Companies With Over 50,000 Employees Overall

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Opening Two Ghost Kitchen Locations in Malaysia

JustKitchen Opening Two Ghost Kitchen Locations in Malaysia

The Company has also Appointed Warren Wang as its Managing Director in Malaysia to Lead the Growth of the Business in the New Market

Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) a technology-focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce the opening of two new ghost kitchen locations in Malaysia (the " New Locations "). The first location is situated within a COOX Kitchens facility in the Glo Damansara Mall (the " Mall ") in Petaling Jaya (the " PJ Location "), which opened in late May. The second location is a standalone Spoke near the commercial centre of Kuala Lumpur within the Pavilion district in Bukit Bintang (" Bukit Bintang Location ") and is targeted to open in late June. The Company will utilize GrabFood, Foodpanda, and Shopee Food as delivery service partners for the New Locations.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Reports Financial Results for Fiscal Quarter Ended March 31, 2022

JustKitchen Reports Financial Results for Fiscal Quarter Ended March 31, 2022

The Company's Total Revenue and Retail Order Volume Increased in Q2 2022 by 127% and 151%, Respectively, as its Number of Ghost Kitchen Locations Grew From 14 to 28 Locations on a Year-Over-Year Basis

Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTC: JKHCF) ( Frankfurt : 68Z) an operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce that it has filed its unaudited financial results for the second fiscal quarter ending March 31, 2022 the highlights of which are included in this news release. The full set of Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis can be viewed by visiting the Company's website at en.justkitchen.com or its profile page on SEDAR at www.sedar.com .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
dynaCERT Announces Auditor Resignation

dynaCERT Announces Auditor Resignation

dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (" dynaCERT " or the "Company") announces the resignation of its auditors, BDO Canada LLP ("BDO"). BDO resigned on their own initiative, which resignation has been reviewed by dynaCERT 's audit committee. BDO has advised that its resignation is a business decision of such firm and has confirmed that there are no reportable events, "disagreements" or "unresolved issues" (as those terms are defined in National Instrument 51-102 Continuous Disclosure Obligations ) in connection with the change of auditor. dynaCERT is commencing the process to engage a replacement auditor for the 2022 fiscal year.

About dynaCERT Inc.
dyna CERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com .

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Nano One Provides Quarterly Progress Update and Reports Q2 2022 Results

Nano One Provides Quarterly Progress Update and Reports Q2 2022 Results

TSX:NANO) (OTC PINK:NNOMF) (Frankfurt:LBMB

nano one® Materials Corp. ("nano one" or the "Company") is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. nano one has filed its unaudited condensed interim consolidated financial statements (the "financial statements") and management's discussion & analysis for the second fiscal quarter ended June 30, 2022 and is pleased to provide the following highlights from Q2 2022.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
BriaCell Secures License for a Promising Novel Anti-Cancer Agent

BriaCell Secures License for a Promising Novel Anti-Cancer Agent

BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW) (TSX: BCT) ("BriaCell" or the "Company") a clinical-stage biotechnology company specializing in targeted immunotherapies for cancer, announces that it has secured an exclusive license from University of Maryland, Baltimore County (UMBC) to develop and commercialize Soluble CD80 (sCD80) as a biologic agent for the treatment of cancer.

The novel technology, originally developed by Suzanne Ostrand-Rosenberg, Ph.D., Emeritus Faculty at UMBC, and member of BriaCell's scientific advisory board, is titled "Soluble CD80 as a Therapeutic to Reverse Immune Suppression in Cancer Patients" and covered under USPN 8,956,619 B2 , USPN 9,650,429 B2 , and USPN 10,377,810 B2 . In animal models, sCD80 was well-tolerated and stopped tumor growth by potentially restoring natural anti-tumor immunity (see Lucas A Horn, et al . and Samuel T Haile et al. in collaboration with Dr. Ostrand-Rosenberg). Additionally, strong anti-tumor activity of sCD80 has been reported in multiple tumor types (see Lucas A Horn, et al .). Importantly, as demonstrated in the same studies, sCD80's unique actions may involve both awakening and boosting the immune system to recognize and destroy tumor cells.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
DGTL Holdings Inc. Reports Four New PaaS Contracts from Leading CPG Brands

DGTL Holdings Inc. Reports Four New PaaS Contracts from Leading CPG Brands

Four Brands from Two Global CPG Conglomerates Leverage Patented Data and Analytics PaaS for Analysis of Digital Advertising Sponsorships During Top Broadcasted Sporting Event in North America

DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") is pleased to announce that its wholly owned subsidiary Engagement Labs has secured four new PaaS (Platform-as-a-Service) contracts from two global consumer packaged goods (CPG) conglomerates.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nano One Announces Results of Annual General Meeting

Nano One Announces Results of Annual General Meeting

nano one ® Materials Corp. (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB) (the "Company"), a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries, is pleased to announce the results of the annual general meeting of shareholders adjourned July 26, 2022, and reconvened today in Vancouver, British Columbia (the " Meeting

A total of 24,138,258 common shares were represented at the Meeting, representing 25.25% of the total issued and outstanding common shares of the Company.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Naturally Splendid Announces Proposed Consolidation and Special Meeting

Naturally Splendid Announces Proposed Consolidation and Special Meeting

Naturally Splendid Enterprises Ltd. ("Naturally Splendid" or "NSE" or the "Company") (FRANKFURT:50N) (TSXV:NSP) (OTC PINK:NSPDF) announces that it intends to consolidate its issued and outstanding common shares at a ratio of up to fifteen (15) pre-consolidation shares to one (1) post-consolidation share (the "Consolidation"). The purpose of the Consolidation is to facilitate the Company's ability to attract future financings, generate greater investor interest, and improve trading liquidity

The Company currently has 330,624,458 common shares issued and outstanding. In the event the Company proceeds with the Consolidation, as opposed to a lesser ratio, the Company anticipates there would be 22,041,631 common shares issued and outstanding.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×