# Two Hands Corp > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/Two Hands Corp). ## Overview Two Hands Corp is a U.S.-based business services company whose disclosed operating activity centers on Cuore Food Services, a wholesale food distribution business. The company sources inventory from its warehouse and ad hoc purchases, then supplies bulk groceries and dry goods to food-service customers, with operations disclosed as being in Canada. ## Products & services • Wholesale food distribution through Cuore Food Services • Bulk delivery of groceries and dry goods • Supply of food-service inventory from warehouse stock • Ad hoc procurement and resale of food products - **Wholesale food distribution** (100%) — Bulk resale and delivery of groceries and dry goods to business customers. - Wholesale food distribution through Cuore Food Services - Bulk delivery of groceries and dry goods - Supply of food-service inventory from warehouse stock - Ad hoc procurement and resale of food products ## Customers The company sells to business customers that need recurring bulk food supply, especially restaurants, hotels, and event planning or hosting businesses. Its customer base also includes other businesses purchasing groceries and dry goods for resale or operational use. Demand is driven by customers' need for reliable inventory availability, delivery, and wholesale pricing. - **Restaurants** (primary) — Buy bulk groceries and dry goods for ongoing food preparation and service. - **Hotels** (primary) — Purchase wholesale food inventory for kitchens, banquets, and guest services. - **Event planning and hosting businesses** (secondary) — Source bulk food and dry goods for catered events and temporary service needs. - **Other business customers** (secondary) — Buy groceries and dry goods for resale or internal operating use. - Restaurants buying bulk food inventory for daily operations - Hotels sourcing groceries and dry goods for kitchens and catering - Event planners and hosts needing large-volume food supply - Other business buyers of groceries and dry goods ## Geography The company states that revenue is derived from operations in Canada, while its consolidated financial statements are presented in U.S. dollars. That creates foreign exchange exposure because Canadian-dollar revenue is translated into U.S. dollars and liabilities are largely U.S.-dollar denominated. The business therefore depends on Canadian operating activity even though the reporting currency is U.S. dollars. - **Canada** (100%) — Management states revenue is derived from operations in Canada. - Operations and revenue are derived from Canada - Financial statements are presented in U.S. dollars - Canadian-dollar revenue is exposed to USD/CAD movements - Cash is held with major Canadian financial institutions ## Strategy The disclosed strategic direction is to reposition the company for future growth outside its legacy wholesale food distribution branch. In the near term, management is focused on maintaining operations, funding working capital, and transitioning away from the existing business while preserving continuity. The strategy reflects a shift from a single operating line toward a new business model, though no specific replacement business has been disclosed. - **Transition away from legacy wholesale food distribution** (short-term) — The company has stated it is repositioning for future growth outside the current branch. - **Secure financing for ongoing operations** (short-term) — The business relies on external funding and related-party support to continue operating. - **Limit cash burn during transition** (short-term) — Reducing cash outflows helps preserve liquidity while the business model changes. - Reposition for future growth outside legacy wholesale food distribution - Manage a smooth transition away from the existing operating branch - Preserve operating continuity while funding general and administrative needs - Use contractor and stock-based arrangements to limit cash usage ## Risks Two Hands Corp faces execution risk from its planned transition away from the legacy wholesale food distribution business, because the company has not yet disclosed a replacement operating platform. It also has meaningful liquidity, financing, and foreign exchange risk, since operations are Canada-based while reporting is in U.S. dollars and funding has relied on related-party and external capital sources. - **Business model transition risk** [high] — The company is repositioning away from its legacy wholesale food distribution branch without disclosing a new core business. - **Liquidity and financing dependence** [high] — Management expects to fund operations through CEO advances and potential private financing, with no firm third-party commitments. - **Foreign exchange exposure** [medium] — Revenue is earned in Canada while financial statements are in U.S. dollars, creating translation and transaction risk. - **Customer credit risk** [medium] — Trade receivables arise from business customers buying groceries and dry goods on credit. - **Convertible debt and derivative liability volatility** [high] — Embedded conversion features are marked to fair value each period, which can create non-cash gains or losses. - Transition risk if the legacy business is reduced before a new model is built - Liquidity risk because operations depend on external financing - Foreign exchange risk from Canadian revenue and U.S.-dollar reporting - Credit risk on trade receivables from business customers - Derivative and convertible note volatility can affect reported results ## Accounting Revenue is recognized under ASC 606 when goods are delivered to the customer, so timing depends on shipment and delivery rather than order date. The company also reports embedded derivative liabilities and convertible notes at fair value or amortized cost, which can create period-to-period volatility in reported results. Estimates around doubtful accounts, inventory, impairment, and stock-based compensation are important because the business appears small and financing-dependent. - **Revenue recognition on delivery** — Quarterly revenue comparability - **Allowance for expected credit losses** — Accounts receivable and bad debt expense - **Derivative liability fair value** — Non-cash gains or losses in earnings - **Convertible note discount accounting** — Interest expense and debt carrying value - **Stock-based compensation** — Operating expense and dilution - Revenue recognized on delivery under ASC 606 - Allowance for doubtful accounts affects receivable valuation - Embedded derivatives are remeasured to fair value each period - Convertible note discounts are amortized using effective interest - Stock-based compensation depends on grant-date fair value estimates --- *Last updated: 2026-04-29T05:04:53.113606+00:00*