Mission Ready Receives First Delivery Orders Under Massive Contract

Mission Ready Solutions (TSXV: MRS) has begun to receive new delivery orders in connection with the more than $435.7 million of standing purchase orders that the company announced last week. The new orders are for an aggregate amount of $37.6 million.

The orders received fall under the multiple contracts that the company announced last week, with the company supplying PPE equipment to assist with combating the ongoing coronavirus pandemic. The orders will see delivery occur between October 2020 and February 2021, establishing a strong start to the estimated $127 million that the purchase orders are expected to bring in at final tally.

While the standing orders have a notable ceiling value of $435 million, the company in its announcement last week identified that it currently anticipates the final tally from the purchase orders to be in the neighbourhood of $127.9 million. Today’s announcement of the first of those orders being received is the first step in that direction.

Mission Ready Solutions last traded at $0.18 on the TSX Venture.

Information for this briefing was found via Sedar and Mission Ready Solutions Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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