Investors are making big purchases on AMC Perfectly Popcorn.
Since March 11, Walmart customers can have their choice of six different varieties of AMC popcorn — extra butter, classic butter, or lightly salted, in popped or kernel form.
The microwave popcorn will cost $4.98 for a 6-count.
Meanwhile, the ready-to-eat popcorn bags will cost $3.98, per AMC.
“On March 11, which is Oscars weekend, we will enter the multi-billion-dollar retail popcorn industry with at-home popcorn that features the authentic taste of real movie theatre popcorn,” Adam Aron, chairman and CEO of AMC Theatres, said in a news release.
Adam Aron said the company remains focused on “future innovations that will continue to surprise and delight movie lovers and our shareholders.”
AMC shareholders have posted several pictures on social media making big purchases on AMC Perfectly Popcorn.
In efforts to help the company grow fundamentally, investors have taken matters into their own hands, supporting AMC Entertainment’s latest innovation.
“I’ve made a decision to buy $200 of these bags per month and hand them out to anyone and everyone.
People in the store, people in the parking lot etc. Friends.
CREATE more customers.
That’s 50 free bags/month”, said an investor.
Related: AMC CEO Adam Aron Hints at Destroying Short Thesis
Latest AMC Stock News
AMC Entertainment is currently undergoing a 1-for-10 reverse stock split, approved by more than 80% of shareholders, per CEO Adam Aron.
The second proposal approved by shareholders will allow the company to merge APE with AMC common stock, combining their values.
Though the proposals were temporarily delayed due to a lawsuit, the motion to intervene has been denied.
AMC Entertainment will be increasing the number of outstanding shares from 524,173,073 to 550,000,000.
This gives AMC Entertainment millions of shares to liquidate as soon as they hit the market, allowing the company to raise big cash once again.
Raising cash has been one of the CEOs greatest skillsets throughout the years.
He was able to raise hundreds of millions of dollars from investors through APE and has now turned the company’s most loyal followers into paying customers.
Related: 5 Big Sings Pointing to An AMC Short Squeeze
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Did any other investor receive their voting proxy the day of the vote?
The popcorn business is so underrated. AMC made a great move here to get into the retail market. I believe it will surprise a lot of financial analysts.
Time will certainly tell
Leave your thoughts below! Have you purchased AMC branded popcorn?