Thursday, July 7, 2022

Homie Recipes Inc (OTCMKTS:HOMR) Begins Shift Toward Stevia Space

Homie Recipes Inc (OTCMKTS:HOMR) is a new item on the OTC. Shares have been strong in recent days, and the headlines may suggest why: HOMR just announced the completion of the acquisition of Stevva Ltd. Stevva Ltd., which is a Greek company that owns prime farmlands in Pella Giannitsa, Greece. According to the release, the acquisition allows HOMR to focus on the acquired land, which is to grow and cultivate “stevia”, a low-carbohydrate food and beverage sweetener, on the newly acquired lands. The new direction of HOMR will be led by management with extensive experience and connections in the global stevia marketplace.
According to HOMR’s communication, “Stevia is a low-carbohydrate food and beverage sweetener and sugar substitute. Stevia has absolutely zero-calories and is as much as 300 times sweeter than sugar. Over 80% of stevia is grown and processed in China. For purchasers looking for non-Chinese sourced stevia, the Pella Giannitsa region of Greece has ideal climate and agricultural conditions for producing large quantities of the highest quality stevia.”
Homie Recipes Inc (OTCMKTS:HOMR) promulgates itself as a development stage company that intends to stream videos and written recipes through a website. However, this latest news suggests (according to our research) that the company is basically undergoing a transition to becoming a publicly traded “Stevva LTD.”
“Our goal is to stream free recipes for ‘special’ homemade cuisines and food items. We intend to have recipes that are personal and have special meaning, on our website. What makes a recipe ‘special’ is the personal history or tradition behind it, for example, cookies made by someone’s mother on Christmas Eve, or a special pasta sauce prepared by their Grandmother made every Sunday when they were growing up, etc.”
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As noted above, HOMR just got going on the OTC, and the action has been swiftly to the upside. It would appear that the stock is a ticker in waiting for a new identity as Stevva LTD.
According to the release, “Pursuant to the completed Share Exchange Agreement, the Company acquired 100% of the issued and outstanding equity of STVV in exchange for an aggregate of 45,000,000 shares of Company common stock. As result of the completed transaction, STVV is now a wholly-owned subsidiary of the Company. Also, pursuant to the completed Share Exchange Agreement, the Company’s majority shareholder submitted 39,000,980 shares of its restricted common stock beneficially owned by him for cancellation and were returned to the Company’s treasury. Following the completion of the transaction, there are 75,819,000 common shares of the Company issued and outstanding.”
One might think that it is perhaps the case that HOMR is simply acquiring Stevva as a subsidiary, but will retain some other identity that defines it as more than just stevva. However, we would point out that, buried in the 8K, it is noted that “As a result of the Share Exchange Agreement, Mr. Theodoros Kerasidis, President and founder of Stevva, Ltd., was appointed a member of the Company’s Board of Directors and as the Company’s President, Chief Executive Officer, Chief Financial Officer and Secretary. Mr. Jose Mari C. Chin resigned from all positions with the Company. Mr. Kerasidis is a seasoned agricultural executive and a pioneer in EU stevia growing having founded one of the first ever commercial stevia plantations in Europe. Prior to founding Stevva Ltd. and joining Homie Recipes, Mr. Kerasidis was President of Agricultural Cooperative Stevia (ACS). As President of ACS, he was responsible for the organization which was founded to promote stevia adoption by Greek and EU farmers.”
That should basically seal this one up. Right now, HOMR should be trading as a stevia player.
Mr. Kerasidis commented, “We are very pleased to have Homie Recipes acquire 100% of Stevva Ltd. and its land holdings in Greece for growing our future high-quality stevia crops. We look forward to leveraging our extensive experience in stevia production to establish the Company as a global leader in the rapidly expanding market for stevia.”
Earning a current market cap value of $103.87, HOMR’s financial data is otherwise perhaps not relevant if we are correct that this will begin to take the shape of a reverse merger to get Stevva Ltd. onto the public markets. Time will tell. We will update the story again soon as developments transpire. For continuing coverage on shares of $HOMR stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: We hold no position in $HOMR, either long or short, and we have not been compensated for this article.

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