Business
ISWH CEO Issues Letter to Shareholders on Strategic Pivot and New Stock Symbol
ISWH CEO Issues Letter to Shareholders on Strategic Pivot and New Stock Symbol.
About this update from Blockquarry Corp.
[{"type":"text","content":"LAS VEGAS, NV, Aug. 09, 2019 -- International Spirits & Wellness Holdings, Inc. (OTCMKTS: ISWH) (“ISWH” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits and CBD-Infused Products markets, issues the following letter to shareholders from the CEO following approval of the Company’s stock symbol change request from the Financial Industry Regulatory Authority (“FINRA”):Dear Valued Shareholder,As should be clear, we have recently completed the final step in our transformation from a pure-play in the adult beverage industry to a diversified business that retains exposure to the beverage market through our award-winning spirits products, but also now includes a powerfully positioned and rapidly growing Health and Wellness segment with a core focus on the CBD products marketplace and the home healthcare industry.That final step came with quick notice from FINRA that they have approved our symbol change request from “ISBG” to “ISWH” to better reflect our new business model, corporate name, and official description of business activities.This is a fundamental reorientation of our identity as an organization and of the value proposition we offer to our shareholders.It may come as a surprise to many of you to learn that we have been fostering strong growth in a home healthcare segment that employs home caretakers for seniors and individuals with special medical, cognitive, and physical needs that live independently or in a private residence outside of a medical care facility.This is an extremely promising avenue for future growth for the Company. We have already seen over 120% y/y growth in sales from this operational focus, and we expect that continue or even accelerate as we add new headcount on this side.The reason this may come as a surprise is because, prior to changing our corporate name and ticker symbol, we haven’t been recognizing revenues from this segment in our financial reporting because they were not representative of our primary business activities as an adult beverage company. However, now that we have made all necessary changes, these revenues will be representative of our core business activities, and henceforth will be reflected in our performance data as of our next quarterly financial filing.We expect this change to materially boost top line performance numbers on a comparative basis ove...