8-K
GPO Plus, Inc. (GPOX)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 24, 2022
| GPO Plus, Inc. | ||
|---|---|---|
| (Exact name of registrant as specified in its charter) | ||
| Nevada | 333-213744 | 37-1817132 |
| --- | --- | --- |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| 3571 E. Sunset Road, Suite 300 Las Vegas, NV | 89120 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: 855-935-4769
| ___________________________________________________<br><br>(Former name or former address, if changed since last report) |
|---|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act: None
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On October 24, 2022, GPO Plus Inc., a Nevada corporation (the “Company”) appointed Mr. Chris Harter as an independent member of the Board of Directors (the “Board").
From 2017- 2018 Chris worked at Nazar Holdings and served as a member of the Board of Directors. While as a director at Nazar, Chris lead the acquisition of Harbor Dunes golf course.
From 2018 -2021 Chris worked at CBD Station as President oversaw the west coast store expansion and product development
From 2021 to 2022, Chris worked at HMM Holdings 2 as President opening 2 dispensaries and 2 processing facilities
On October 18, 2022, the Company accepted the voluntary resignation of Mr. Wayne Smeal as Chief Operating Officer, a member of the Board, and all other positions with the Company. Mr. Smeal left to pursue a new business endeavor and the resignation from the Board was amicable not the result of any disagreement with the Company.
On October 18, 2022, the Company accepted the voluntary resignation of Ron McCormick as President. Mr. McCormick will remain an independent member of the Board.
The Company has issued a press release relating to the foregoing, a copy of which is attached as an Exhibit to this Current Report on Form 8-K.
Item 8.01 Other Events.
The lawsuit filed against GPO Plus by a competitor, MNP Industries, LLC on August 5, 2020 in Hernando County, Florida is over. On June 29, 2022, a Summary Final Judgment was entered in favor of GPO Plus and against MNP Industries, LLC on its Amended Complaint. On July 18, 2022, MNP Industries, LLC filed an appeal of the Summary Final Judgment entered against it. While the appeal was pending, the parties in the lawsuit entered into a settlement agreement and the lawsuit has been dismissed with prejudice.
| 2 |
|---|
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 17.1* | Letter of Resignation from Wayne Smeal<br><br>Letter of Resignation from Ron McCormick |
| 99.1* | Press Release |
* Filed herewith
| 3 |
|---|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GPO PLUS INC. | ||
|---|---|---|
| Date: October 28, 2022 | By: | /s/ Brett H. Pojunis |
| Brett H. Pojunis | ||
| Chief Executive Officer | ||
| 4 | ||
| --- |
gpox_ex171.htm EXHIBIT 17.1
gpox_ex991.htm EXHIBIT 99.1
Aggregate**,** Negotiate + Share**!** Stock Ticker**:** GPOX
For Immediate Release:
GPOPlus+ Appoints Chris Harter as a Member of the Board of Directors
Chris Harter joins GPOX to strengthen Sales Channel Development and Retail Relationships.
LAS VEGAS, NV (October 24, 2022) GPO Plus, Inc. (OTCQB: GPOX), a publicly traded company of diversified Group Purchasing Organizations (GPOs) uses the power of Group Purchasing to save businesses money, announced Chris Harter has been appointed to the Board of Directors.
Chris Harter has enjoyed a distinguished career focusing on real estate private equity, finance and emerging industries including the hemp and cannabis sectors. While Chris as a young man is just getting started, his efforts lead the growth of a single family home investment portfolio from $1 Million to $70 Million in a 6 year span.
Chris began his career by forming his own executive search firm, Career Estimate. Within 18 months, Career Estimate was acquired by industry leader Arkadis Inc. and Chris began investing in startups including his own chain of CBD Stores, a golf course, and early stage crypto ventures.
Chris brings a wealth of 20+ year relationships to GPOX in retail as well as in raw materials, and external sales operations with Independent Sales Organizations (ISO) commonly referred to in the industry as “jobbers” nationwide.
“I’m very excited to join GPOX as a board member where I can add value to the strategic planning and execution of the vision created by Brett (Pojunis) and his team,” said Chris Harter. Harter continued “I’m thrilled to continue to foster growth and make connections in an industry where I have devoted much of my life’s work. I look forward to building new relationships and leveraging those I have built to achieve new levels of success.”
GPOX Chairman and CEO Brett H. Pojunis, said, “Chris is an ideal board member and resource to help GPOX scale and further its mission.” Pojunis stated, Chris has invaluable experience and his connections are second to none.”
Please connect with us on social media to view live video updates, content, and general information about GPOX and its GPOs: https://gpoplus.com/social.
| GPO Plus, Inc.<br> <br>3571 E. Sunset Road, Suite 300 | Las Vegas, NV 89120<br> <br>www.GPOPlus.com | 702.840.1020 | info@gpoplus.com |
|---|
| 1 |
|---|
Aggregate**,** Negotiate + Share**!** Stock Ticker**:** GPOX
Sign up for your FREE account on the GPOX Investor Relations Portal: ****
Once you Activate your GPOX Investor Account you will have immediate access to real time information available on GPOX. Sign up for alerts (email and SMS) to be the first to know about news, SEC Filings, Investor Events, updated Investor Presentations, and more: www.GPOPlus.com/ir.
About GPOPlus+ (GPOX)
Headquartered in Las Vegas, Nevada, GPOPlus+ (OTCQB: GPOX) is a publicly traded company of diversified industry-specific Group Purchasing Organizations (GPOs). Our Purpose is to create efficient GPOs and our Mission is to create value for our GPO Members, partners, and suppliers while creating long term shareholder value.
Our Mantra:
We Aggregate, Negotiate + Share!
| · | Aggregate - We aggregate the purchasing power of our Members. |
|---|
| · | Negotiate - We leverage buying power to negotiate discounts. |
| · | Share - We share the discounts with our Members and save them money. |
For more information please visit www.GPOPlus.com. To activate your free GPOX Investor Account at www.GPOPlus.com/ir.
Information About Forward-Looking Statements
This press release contains “forward-looking statements” that include statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and managers, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company’s need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks that are detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as “may,” “will,” “can” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “seek,” “estimate,” “continue,” “plan,” “point to,” “project,” “predict,” “could,” “intend,” “target,” “potential,” and other similar words and expressions of the future. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct. Such statements reflect the current views of the Company with respect to its operations and future events, and are subject to certain risks, uncertainties and assumptions relating to its proposed operations, including the risk factors set forth herein. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, the Company’s actual results may vary significantly from those intended, anticipated, believed, estimated, expected or planned. In light of these risks, uncertainties and assumptions, any favorable forward-looking events discussed herein might not be realized and occur. The Company has no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed description of the risk factors and uncertainties affecting GPO Plus, Inc. GPOX, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
| GPO Plus, Inc.<br> <br>3571 E. Sunset Road, Suite 300 | Las Vegas, NV 89120<br> <br>www.GPOPlus.com | 702.840.1020 | info@gpoplus.com |
|---|
| 2 |
|---|
Aggregate**,** Negotiate + Share**!** Stock Ticker**:** GPOX
Shareholder Success Team + Investor Relation Contacts:
Shareholder Success Team + Investor Inquiries:
Brett H. Pojunis, CEO
Email: ir@gpoplus.com
Shareholder’s Line: 855.935.GPOX (4769)
Press Release Keywords:
| · | GPO Plus, GPOX, OTCQB, Las Vegas, DISTRO+, Distro Plus, wholesaler, CBD, cbdGPO, Chris Harter, board member |
|---|
| GPO Plus, Inc.<br> <br>3571 E. Sunset Road, Suite 300 | Las Vegas, NV 89120<br> <br>www.GPOPlus.com | 702.840.1020 | info@gpoplus.com |
|---|
| 3 |
|---|