Spotlite360 Technologies Inc (CSE:LITE), the logistics technologies developer, debuted its shares on the Canadian Securities Exchange on June 15.
Shares of the Denver- and Vancouver-based company are trading under the ticker symbol ‘LITE.’
The listing follows Spotlite360’s recent acquisition of Captios LLC, a supply chain innovator, which is now a wholly-owned subsidiary of the company.
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Captios has a SaaS-based supply chain execution and sustainability platform for enterprise customers in the pharmaceutical, healthcare and agricultural industries.
Spotlite360 told investors that the benefits of the Spotlite360 Software when utilized in a company’s supply chain include “improved transparency, reduction in loss and theft, increased supply chain velocity, labour efficiency, improved asset utilization, and support of global sustainability initiatives.”
Spotlite360 president Jim Greenwell told investors that listing on the CSE is a “wonderful early-stage development” as it moves to increase its visibility in the capital markets.
“The current resurgence of blockchain technologies reflects a much higher level of acceptance among enterprise players, especially for supply chain applications,” Greenwell said in a statement.
“There are many milestones we plan to hit in the year 2021, and we look forward to enabling investors to join us in our mission to set new standards in supply chains around the globe.”
Shares of Spotlite360 closed at C$0.74 on Tuesday after seeing a high trading volume that exceeded 3.1 million shares.
Contact Angela at angela@proactiveinvestors.com
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