Shares of Just Kitchen Holdings Corp, (TSX-Venture:JK) catapulted higher with the operator of ghost kitchens beginning to trade on the TSX Venture today. The firm specializes in delivery only food in spots across Taiwan and announced its 14th satellite spoke kitchen. JK also announced a second hub kitchen with 15,000 square feet of commercial kitchen space.
The firm was founded in late 2019 and has experienced rapid growth through the opening of numerous ghost kitchens in Taiwan. Jason Chen, Co-Founder, Chief Executive Officer and Director said, "Demand for delivery-only food in Taiwan continues to increase and JustKitchen is well positioned, both strategically and financially, to reach and serve new consumers."
The news had investors clamoring for shares with the stock opening at $0.88 but by early-afternoon trading at $1.10, an eye-popping 120% gain on the day at last check in mid-afternoon trading.
