Two Hands Corporation reported a significant decline in financial performance for the fiscal year ended December 31, 2025, with total sales dropping to $0 from $709,526 in 2024. The company also recorded a net loss of $484,854, a substantial improvement compared to the previous year's loss of $2,433,970. This reduction in losses was attributed to decreased operating expenses, which fell to $1,057,326 from $1,217,145 in 2024, primarily due to lower salaries and benefits, consulting fees, and other operational costs.
In terms of strategic developments, the company announced plans to revitalize its legacy business and explore new opportunities in sectors such as digital assets, fintech, and the gig economy. Notably, Two Hands Corporation engaged culinary expert Chef Einat Admony and executive Vanessa Fayzulin to lead the revitalization of its food service division. Additionally, the company incorporated a new subsidiary, Meridan Capital Management Inc., to manage investments, although it reported no operational activity for this entity during the fiscal year.
Operationally, the company has focused on expanding its customer base and geographic reach across Canada, particularly through its wholesale food distribution branch, Cuore Food Services. However, the company faced challenges in maintaining customer engagement and market share, as evidenced by the complete cessation of sales in its grocery delivery service, gocart.city, following an asset sale in May 2024. The company’s total liabilities as of December 31, 2025, stood at $2,264,701, with a working capital deficiency of $2,010,465, indicating ongoing financial strain.
Looking ahead, Two Hands Corporation expressed uncertainty regarding its ability to continue as a going concern, citing a need for additional capital to fund operations and implement its business plan. The company plans to secure financing through advances from its Chief Executive Officer and is in discussions with potential investors for private loans and equity lines of credit. However, there are no guarantees of success in these efforts, which could significantly impact the company's operational capabilities in the coming year.
About Two Hands Corp
Two Hands Corporation operates in the grocery sector, primarily through its wholesale food distribution arm, Cuore Food Services, supplying restaurants, hotels, and event businesses with produce, meats, and organic products. The company also explores new markets, including artisan denim and premium cotton yarns. Its business model centers on inventory management, bulk delivery, and strategic growth across Canada, emphasizing value, quality, and supplier relationships.
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