At a time when the world is going through considerable economic turmoil, it may be a good idea for investors to look into companies that do not operate in only a single economy. The solution to that problem is to look into multi-national companies operating in several countries and thereby hedging their bets against the vagaries of national economies. There are many such companies and this article is going to give you a lowdown on some companies of such nature which you could track in 2023. Here is a quick look at three such multi-national companies.
Kaival Brands Innovations Group Inc (NASDAQ:KAVL) – The first one to make it to this list is Kaival Brands Innovations Group Inc which is best known for being the distributor of all products manufactured by Bidi Vapor LLC in the United States.
The company has made some rapid strides in recent times and back on November 15 last year it had come into focus after it made an announcement with regards to an extension agreement spanning three years with QuikfillRx LLC. It is a third-party vendor and is responsible for the execution of the sales and marketing strategies of Kaival Brands Innovations Group. As per the provisions of the agreement, QuikfillRx also went through a rebrand and is now known as Kaival Marketing Services.
General Enterprise Ventures Inc (OTCMKTS:GEVI) – At this point in time General Enterprise Ventures Inc is best known for the work being done by its subsidiary unit Mighty Fire Breaker LLC. Mighty Fire Breaker has come up with an environment-friendly fire-resistant product named MFB-31-CitroTech. Last year on October 19, it was in the news after I emerged that it was the first of its kind wildfire-fighting chemistry product in the United States to have been awarded approval by the Environmental Protection Agency. As a result, the product was awarded the ‘Safer Choice Program’ designation.
Pressure BioSciences Inc (OTCMKTS:PBIO) – Pressure based instruments manufacturing firm Pressure BioSciences Inc is one of the multi-national companies which may be worth looking into as well. Last month on December 22 the company announced that it expected its fourth fiscal quarter revenues to beat the revenues generated in any quarter in the past four years. It further noted that the revenues could in fact be the highest quarterly revenues ever generated by Pressure BioSciences Inc.