Welcome to our dedicated page for Victory Square news (Ticker: VSQTF), a resource for investors and traders seeking the latest updates and insights on Victory Square stock.
Victory Square Technologies Inc. reports portfolio and capital-allocation developments for a venture builder focused on healthcare infrastructure, digital health, artificial intelligence and emerging technology platforms. Recurring updates cover operating and financial results, platform scaling, normal course issuer bid activity and the progress of portfolio companies.
Company news frequently centers on Hydreight and VSDHOne, including compliant patient access, prescribing, pharmacy fulfillment and healthcare delivery across categories such as GLP-1 therapies, peptides, hormone optimization, diagnostics and wellness programs. Other portfolio themes include Insu Therapeutics' peptide delivery work and Pawsible Ventures' activity in pet wellness, AI and health technology.
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Victory Square Technologies (CSE:VST, OTC:VSQTF) announced its participation in several upcoming virtual investor conferences, including the SNN Network Summer Virtual Event, Sidoti Summer Virtual Microcap Investor Conference, and Q3 Virtual Investor Summit, scheduled from August 17 to 19, 2021. CEO Shafin Diamond Tejani and Chief Growth Officer Vahid Shababi will present the company's business strategy. Victory Square has also engaged Digitonic Ltd. for marketing services, with a budget of up to US$25,000 per week for six weeks to enhance its North American presence.
Victory Square Technologies (CSE:VST) portfolio company GameOn Entertainment Technologies has partnered with NFT platform Blockparty to launch an innovative NFT Predictor product. This initiative allows sports and entertainment rights holders to convert digital collectibles into valuable assets within a predictive gaming framework. Fans can acquire NFTs through purchases or a marketplace and earn real-life rewards by making predictions about events. The collaboration aims to enhance fan engagement while providing a unique opportunity for revenue generation through ongoing NFT transactions.
Victory Square Technologies announces that its portfolio company, Stardust Solar, has secured a national distribution agreement with SunPower, becoming the first authorized dealer in Canada. Stardust will offer residential solar products utilizing Maxeon technology, including solar panels with a 25-year warranty. The agreement supports Stardust's growth, having expanded its distribution channels coast to coast. The company plans to file its preliminary prospectus with BCSC in Q3 and aims for a public listing by the end of 2021.
Victory Square Technologies (OTC:VSQTF) announced the passage of Bill C-218, which legalizes single-game sports wagering in Canada. This bill, known as The Safe and Regulated Sports Betting Act, repeals a previous prohibition on wagering on single sporting events. The company anticipates significant opportunities for its portfolio firms, GameOn Entertainment and FansUnite Entertainment, to license and joint venture across Canada and in global markets. The Canadian Gaming Association reports that Canadians currently wager over $14 billion offshore and illegally, indicating a substantial market potential.
Victory Square Technologies announced that its portfolio company, GameOn Entertainment Technologies, has partnered with India’s leading entertainment super app, MX Player. This partnership will introduce free-to-play cricket prediction games to MX Player's extensive user base. The games aim to engage cricket fans during domestic and international tournaments. MX Player boasts over 280 million viewers globally, highlighting the potential reach of this initiative, which targets a growing audience passionate about cricket.
Victory Square Technologies announced the appointment of Alvin Wang Graylin to the board of its portfolio company, Immersive Tech. With extensive experience in the VR industry, Graylin currently leads HTC's China operations and brings a wealth of knowledge to the company. He emphasized the growing demand for high-fidelity VR experiences post-pandemic and showcased Immersive Tech's innovative smart-container solution. CEO Tim Bieber expressed enthusiasm for Graylin's appointment, citing his expertise as a strategic advantage for the company's growth in location-based VR entertainment.
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Victory Square Technologies reported positive financial performance, achieving a record net income of $19,733,031 and earnings per share of $0.30 for fiscal 2020. In the first quarter of 2021, adjusted net income was $5,146,648, with earnings per share at $0.06 and cash equivalents of $10,180,620. The company issued a special common share dividend in 2021 and will attend the Lytham Partners Summer Investor Conference from June 14-16, 2021, focusing on connecting with institutional investors.
Victory Square Technologies reported strong Q1 2021 results with an adjusted net income of $5,146,648, marking the fifth consecutive quarter of positive earnings. Adjusted basic earnings per share were $0.06 and diluted earnings per share $0.05. The company maintained a healthy cash balance of $10,180,620. Key business highlights include the acquisition of Hydreight, successful financings for Fansunite and GameOn, and ongoing expansion efforts in digital health and telemedicine. CEO Shafin Diamond Tejani expressed confidence in ongoing growth and value creation.