LA Acquisition brings HUGE Revenue Boost
Provenance recently hit a huge milestone which we are excited to share with you. In the last month since we acquired and took over a meal delivery operation in Los Angeles, CA, our total revenue jumped to over $360K in a 30 day period. In that same period, our gross profit margin was 70%.
This is our best month of growth ever and shows no sign of slowing down. Provenance is currently in the best financial position we’ve ever been in. It confirms that our strategy to scale through acquisition in hot markets combined with a targeted marketing strategy is well-founded.
With the LA launch event just a few weeks away, we expect to see the numbers continue to skyrocket as Angelenos and surrounding residents finally get an organic prepared meal delivery service that aligns with their values around clean eats, food as medicine, and sustainability first.
In addition, our new proprietary software is in its final stage of development and is being rigorously tested for release. Stay tuned for a sneak peek for investors only in the weeks ahead.
And so we begin 2020 with some serious momentum!