Is GPOXLabs a separate technology company?

No. The memo says GPOXLabs is currently an embedded research and development function, not a standalone technology company. Its first objective is to improve the DSD business, with potential technology value treated as optional future upside.

Current as of publication — see refresh note below. Source: 2026 July GPO Plus Retail Investor Memo.pdf, PDF p. 21, Embedded R&D

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