Two Hands Corp
Two Hands Corporation (OTC: TWOH) is a Locust Valley, New York-based company incorporated in 2009 and formerly known as Innovative Product Opportunities, Inc. before its September 2016 name change, that operates in the wholesale food distribution and online grocery delivery sectors in Canada through its subsidiary Two Hands Canada Corporation. The company's product portfolio encompasses a diverse range of food categories including meats, pantry items, bakery and pastry goods, gluten-free products, and organic food items — a multi-category food distribution business that serves restaurant operators, hotels, and event planning and hosting businesses that require reliable access to quality food products across multiple categories from a single distribution source. Multi-category food distribution to the foodservice sector creates operational efficiencies for restaurant and hospitality clients by reducing the number of supplier relationships they need to manage and enabling consolidated ordering and delivery logistics.<br><br>The company also operates gocert.city, an online consumer grocery delivery application designed to connect food distributors with retail consumers seeking home delivery of groceries and food products. The online grocery delivery market has experienced substantial growth driven by consumer adoption of e-commerce food purchasing accelerated by the COVID-19 pandemic's disruption of in-store shopping habits and the demonstrated convenience of digital food ordering and home delivery. By combining its wholesale foodservice distribution capabilities with a direct-to-consumer online grocery delivery platform, Two Hands Corporation pursues a strategy of serving both the foodservice channel — restaurants and hospitality operators — and the retail consumer channel through its digital grocery platform, creating multiple revenue streams from its food distribution infrastructure and supplier relationships.<br><br>Two Hands Corporation files periodic reports with the Securities and Exchange Commission and trades on the OTC market under the ticker symbol TWOH. The company's Canadian operational focus — through its Two Hands Canada Corporation subsidiary — provides it with exposure to the Canadian wholesale food distribution and online grocery markets, where increasing urbanization, growing consumer preference for convenience grocery formats, and the continued growth of food delivery services support demand for both foodservice distribution and consumer grocery delivery. As a small company operating in the competitive wholesale food distribution and online grocery sectors, Two Hands Corporation participates in markets characterized by thin margins, significant competition from larger established distributors and e-commerce platforms, and the operational challenges of managing perishable food supply chains.