AMMO, Inc. (Nasdaq: $POWW, POWWP) owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, delivered on its promise to the Ukraine governmental authorities after saying it provided one million rounds of ammunition.
Fred Wagenhals, AMMO Chairman & CEO, stated that “we are very happy to announce that we have delivered the donated ammunition, we have directed our people on the ground near the border conflict zone to deliver and hand-off of the 1 million rounds of ammunition AMMO donated to support Ukraine’s valiant efforts to protect its citizens and sovereignty. Our international operations sales and management team members are continuing to work their contacts around the globe in government and private business as we explore other opportunities to engage with and support the Ukraine forces.”
$POWW is quite a company from an investor’s perspective. Revenues have been soaring, expansion is expected to add up to 3X production capacity, and its online presence adds more than 2000 retail locations to purchase its products. L3T has covered $POWW extensively, and you can read our coverage HERE.
Shares are trading at $4.88 on Thursday.