This acquisition immediately adds over 470 retail locations and marks GPOX’s expansion into DSD (Direct Store Distribution)
LAS VEGAS, NEVADA, October 24, 2022 — McapMediaWire — GPO Plus, Inc. (OTCQB: GPOX), a publicly traded company of diversified Group Purchasing Organizations (GPOs) using the power of Group Purchasing to save businesses money, announced the signing of a Binding Letter of Intent (LOI) Asset Purchase Agreement to acquire assets of Betterment Retail Solutions, Inc. (“Betterment”), including its innovative “Feel Good Shop.”
Betterment developed a strong DSD (Direct Store Distribution) infrastructure catering to over 470 retail locations throughout Texas, New Mexico, Oklahoma, South Dakota, Iowa, Kansas, Wyoming, Missouri and Nebraska. Strong relationships with retailers include Yesway/Allsups, Texas Born, and CEFCO.
The Feel Good Shops is a “store within a store” concept at local retailers offering CBD and other cannabinoid (Delta-8, HHC, etc.) products from leading companies including Martha Stewart, Kill Cliff, Canopy Growth, John Daly Collection, and CaliGold. The Betterment and Feel Good Shops assets are to be managed under DISTRO+, GPOX’s distribution division, and GPO for specialty retailers and wholesalers.
Dorsey Sparks, President of Betterment said “I couldn’t be happier about the opportunity with GPOX and DISTRO+. This partnership will support multiple growth opportunities and allow us to serve an exponentially larger customer base with our curated, best in class products. I’m excited to work with such a talented and energetic team!”
Joseph Jaconi, President of DISTRO+, said “We are elated to have reached an agreement with Betterment that will increase our (DISTRO+) distribution footprint immediately adding over 470 retail locations. This creates an amazing opportunity to generate additional sales from our distributed and owned brands like HERBERALL®, and enables us to expand our portfolio of products while increasing revenue for GPOX.”
Brett H. Pojunis, CEO of GPOX, said “We are extremely excited to work with Dorsey and continue to grow our distribution! Additionally, this asset purchase is an important step forward in the overall execution of our acquisitive growth strategy to build additional long-term shareholder value.”
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About Betterment Retail Solutions
Betterment RS cuts through the clutter of crowded, emerging categories to find the best in alternative and emerging health products. Betterment pairs its unmatched vetting process with extensive market knowledge to curate the perfect offering for each retailer. The product portfolio is diversified by high-potential ESG health and wellness brands, CBD Products and other cutting edge Hemp Derived solutions. Betterment offers true full-service DSD including store ordering, inventory management, store staff training, and maintaining and detailing shelf space for our retail partners. Betterment owns and operates The Feel Good Shop.
We help retailers save money + simplify purchasing!
DISTRO+ is a Group Purchasing Organization (GPO) + distributor of premium products for the emerging specialty retailer sector and wholesalers. DISTRO+ proudly represents best-in-class brands focusing on nutraceuticals, hemp derived products including flower, prerolls, gummies, sublingual strips and more utilizing the latest compounds and ingredients such as HHC, Farm Bill Compliant Delta 8 and Delta 10, THC-O, THC-P, and Kratom. All of this is backed by a robust technology portal that gives our small and medium sized partners (we call them “Members”) the IT backbone to manage logistics, inventory, payments while shopping from real time product catalogs and inventory. Through the power of Group Purchasing, DISTRO+ offers its network competitive pricing with low MOQs that realize similar discounts as major retailers with large buying power. Visit DISTRO.Plus for more information.
About GPOPlus+ (GPOX)
Headquartered in Las Vegas, Nevada, GPOPlus+ (OTCQB: GPOX) is a publicly traded company of diversified Group Purchasing Organizations (GPOs). Our Purpose is to save businesses money by activating the power of Group Purchasing and our Mission is to create value for our GPO Members, partners, suppliers, and shareholders.
We Aggregate, Negotiate + Share!
- Aggregate – We aggregate the purchasing power of our Members.
- Negotiate – We leverage buying power to negotiate discounts.
- Share – We share the discounts with our Members and save them money.
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Betterment Retail Solutions Contact:
Dorsey Sparks, President
Joseph Jaconi, President
Shareholder Success Team+ Investor Relation Contacts:
Brett H. Pojunis, CEO
Shareholder’s Line: 855.935.GPOX (4769)