Two Hands Corporation operates primarily in the grocery market through its on-demand grocery business Cuore Food Services, and is transitioning into apparel and textile ventures as of 2025.

# Company Overview — Two Hands Corporation

## Business Focus
- Primarily operates in the **grocery market**, specifically through its **on-demand grocery business** called **Cuore Food Services**.
- Uses industry-standard warehouse storage and inventory system.
- Inventory includes produce, meats, pantry items, bakery & pastry goods, gluten-free and organic products.
- Supplies are sourced from various suppliers in Canada and internationally; management has long-term relationships with these suppliers.
- In January 2025, the company announced a strategic repositioning away from wholesale food distribution and into the artisan crafted denim and premium Pima cotton yarns with Videlia Mills.

## Core Business Units
- **Cuore Food Services**
  - Focuses on **wholesale food distribution**.
  - Delivers bulk goods to food service businesses such as restaurants, hotels, and event planning/hosting companies.
  - Uses warehouse inventory and ad hoc procurement.
  - Plans for expansion by increasing storage, staff, delivery trucks, and delivery areas.

- **Other Operations**
  - Previously launched **gocart.city**, an online grocery delivery platform, which was sold on May 1, 2024, including its e-commerce site, branding, and inventory.
  - Runs **Grocery Originals**, a brick-and-mortar grocery store in Mississauga, Ontario, which used to be part of gocart.city.
  - New business in **artisan denim and Pima cotton yarns** initiated in January 2025.

## Product and Service Offerings
- Expansion into additional customers and geographies across Canada.
- Focus on introducing and selling natural, organic, and Italian staples such as pasta, oils, olives, and canned tomatoes.
- Plans to enhance logistics: expanding storage, adding trucks, and increasing delivery coverage.

## Customer Base
- Continues to seek growth in customers across Canada.
- Broad appeal to value-minded consumers across income levels and demographics.
- Has existing customers in the wholesale food sector, though specific customer numbers are not provided.

## Financial Metrics
- **Revenue**:
  - For the fiscal year ended December 31, 2024: **$709,526**.
  - For the fiscal year ended December 31, 2023: **$783,489**.
  - Sales are mainly from wholesale dry goods and produce, with minor online grocery sales before sale of gocart.city.

- **Net Loss**:
  - For the year ended December 31, 2024: **$2,433,970**.
  - For the year ended December 31, 2023: **$8,163,662**.
  - Losses are primarily due to professional fees, CEO compensation, interest expenses, and losses on settlement of convertible notes.

- **Shares Outstanding** (as of April 11, 2025): **5,469,037,729 common shares**.

## Employees
- The company has described its management team but does not specify total employee count.
- Managed primarily by key officers, including:
  - **Emil Assentato** (CEO since December 2024),
  - **Matthew Stark** (CFO since February 2025),
  - **Craig Marshak** (Director since January 2025).
- Previously relied on contractors and has plans to expand staff for logistics and operations.

## Stock Market Listing
- Listed on **Canadian Securities Exchange (CSE)** under the symbol **"TWOH"** since August 5, 2022.
- Also trades on OTC Pink with the symbol **"TWOH"**.
- Stock is thinly traded, with the closing bid price on April 11, 2025, at **$0.0048**.

## Summary
- A company transitioning from wholesale food distribution toward new ventures in apparel.
- Has a limited cash position, operational losses, and a significant shareholders’ deficit.
- Plans to grow its customer base and product offerings while managing logistical expansion.
- The company faces ongoing financial challenges, reliance on external funding, and a goal to build sustainable operations in Canada.

The Company focuses on wholesale food distribution through its on-demand grocery service, Cuore Food Services, serving primarily the restaurant and hotel sectors.

# Company Overview

## Business Focus
The Company operates in the grocery market, specifically through its on-demand grocery service called **Cuore Food Services**. The Company previously had additional branches, including **gocart.city** (an online grocery delivery marketplace) and **Grocery Originals** (a brick-and-mortar grocery store), but both of these branches were sold on May 1, 2023. The sole focus now is on wholesale food distribution through **Cuore Food Services**, which serves restaurants, hotels, and event planning businesses.

## Inventory and Supply Chain
The Company maintains an inventory that includes:
- Produce
- Meats
- Pantry items
- Bakery & pastry goods
- Gluten-free goods
- Organic items

These products are sourced through long-standing relationships with various suppliers in Canada and internationally. The inventory is updated continuously to ensure quality and availability.

## Operational Details
- **Warehouse Location:** The warehouse is located in Mississauga, Ontario, Canada.
- **Executive Office:** The executive offices are located at 373 Joicey Blvd., Nork York, Ontario, Canada, with a current rent of CAD $1,700 per month.
- **Delivery System:** Orders can be placed over the phone or online, with bulk deliveries focused on food service businesses.

## Technology and Customer Engagement
The Company attempted to enhance customer engagement through:
- A dedicated social media manager managing platforms like Facebook, Twitter, Instagram, and Google Ads.
- Utilizing agreements with SRAX, Inc. and Adfuel Media Inc. to boost marketing efforts.

## Financials (as of December 31, 2023)
- **Cash on Hand:** $24,351
- **Total Liabilities:** $2,915,781
- **Net Loss:** $8,163,662 for the year ended December 31, 2023
- **Shareholders’ Deficit:** $2,797,344
  
The Company has not generated revenue from its on-demand grocery service and has stated that it has not incurred any research and development costs during the fiscal years ended 2022 and 2023.

## Market Position
The Company faces significant competition from other wholesale distributors, mass merchandisers, warehouse clubs, and online retailers, which can impact both revenue generation and profit margins.

## Employee and Customer Base
There is no specific number of employees or customers disclosed in the provided information. The company acknowledges the importance of attracting and retaining skilled employees but does not specify current employee counts.

## Future Prospects
The Company aims to expand its reach across Canada and enhance its product offerings, particularly focusing on fresh and organic foods. However, there are significant risks involved, including financial viability and competition challenges.

--- 

This summary captures critical details about the company's operations, inventory, financial status, and current focus areas.

Two Hands Corp

10-K / April 14, 2025

10-K / April 1, 2024

10-K / April 14, 2025

Company Overview — Two Hands Corporation

Business Focus

Core Business Units

Product and Service Offerings

Customer Base

Financial Metrics

Employees

Stock Market Listing

Summary