Victory Square Technologies Inc (CSE:VST) (OTCMKTS:VSQTF) (FRA:6F6) said Wednesday that it is planning to invest up to $5 million to start commercializing ventures that have been incubating in stealth mode.
The ventures include the following:
- Electric vehicle solutions, hardware & software
- Renewable energy (solar)
- Plant-based comfort foods (patties, crumbles, meatballs)
- Digital asset management (focused on Layer 2, DeFi and NFT applications)
- NFT for music
- Telehealth service for pets
- Telehealth services for mental health
- Fractional trading platform
READ: Victory Square Technologies completes sale of VPN platform
Meanwhile, Victory Square noted that it reported record net income, for the nine-month period ending September 30, 2020, of $13,617,124 and earnings per share of $0.18.
The company added that it maintained this pace in the fourth quarter of 2020 to close out the year strong.
Here are some recent highlights:
- Completed acquisition of IV Hydreight, an on-demand & on-site mobile health, pharmaceutical & wellness service provider in US
- GameOn completed an oversubscribed $5.8 million pre-listing finance round
- Victory Square announced GameOn share dividend initiative for VST shareholders
- FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) (FRA:4UY) completed an oversubscribed $13 million financing
- Immersive Tech announced the creation of the world’s first COVID-safe Location-Based Entertainment Virtual Reality division “UNCONTAINED”
- Completed $6 million sale of VPN platform to Cloud Nine Web3 Technologies Inc, formerly Cloud Nine Education Group Ltd (CSE:CNI) (OTCMKTS:CLGUF)
- Exercised 350,000 warrants in Argo Blockchain PLC for a $1,488,000 gain
Victory Square said its 2020 year-end financials will be released on or before April 30, and its 1Q 2021 financials will be released on or before May 31.
Contact the author: patrick@proactiveinvestors.com
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