Victory Square Stock Price, News & Analysis

Victory Square Technologies has launched DiscreetCare, a telehealth platform aimed at addressing sensitive health issues like hair loss and erectile dysfunction. Phase 1 includes treatments for various conditions, while Phase 2 will expand testing services. The service enhances user convenience by allowing private consultations with licensed physicians through a web app. DiscreetCare aims to reduce treatment avoidance due to stigma and discomfort associated with traditional in-person appointments. The company is poised to capitalize on the growing telehealth trend in the U.S.

Victory Square Technologies has declared a special dividend distributing 12.4% of its holdings in GameOn Entertainment Technologies to shareholders. Shareholders of record by May 21, 2021, will receive 20.74989 GameOn shares for every 1,000 shares of Victory Square held, translating to approximately 2 million shares in total. The ex-dividend trading begins on May 20, 2021, and payments are expected by May 27, 2021. Additionally, a strategic dividend initiative for Fantasy 360 Technologies is proposed, with further details pending.

Victory Square Technologies announced that its portfolio company, GameOn Entertainment Technologies, has received conditional approval for trading under the symbol CSE:GET on the Canadian Securities Exchange. GameOn, which specializes in gamification for sports and entertainment, aims to enhance user engagement across various platforms. The company recently secured $5.8 million in financing and has made key leadership appointments. Victory Square is proposing a dividend distribution of GameOn shares to its shareholders, aiming to maximize value.

Victory Square Technologies Inc. (OTC: VSQTF) reports significant growth in its portfolio company Hydreight in Q1 2021. The company expanded operations by 430%, adding 30 new locations across the U.S., totaling 31 states served. Hydreight forecasts $2.5 million in mobile medical sales for 2021, with total service sales up by over 850% compared to 2020. The introduction of an automated insurance verification process aims to streamline services, potentially attracting more healthcare partners. Hydreight plans to operate in all 50 states by Q3 2021.

Victory Square Technologies reported significant growth in its 2020 financials, with net income soaring to $19,733,031 from a loss of $8,917,573 year-over-year, an increase of $28,650,604. Earnings per share rose to $0.30, up from a loss of $0.10. The company ended the year with a strong balance sheet, holding $4,551,751 in cash and cash equivalents. This news release also serves to correct the filing date of previous documents related to the company’s audited annual consolidated financial statements for 2020, filed on April 30, 2021.

Victory Square Technologies reported a significant turnaround in its financial performance for the year ending December 31, 2020. Net income surged to $19.73 million from a loss of $8.92 million in the prior year, marking a positive change of $28.65 million. Additionally, earnings per share improved to $0.30 from a loss of $0.10. The company ended the year with a solid cash position of $4.55 million. These results indicate a robust recovery and growth trajectory for Victory Square.

Victory Square Technologies (CSE:VST, OTC:VSQTF) has signed a binding letter of intent to invest in Stardust Solar, a leader in renewable energy education and installation in Canada and the US. Stardust, founded in 2017, offers CSA/NABCEP accredited training and a solar PV installation franchise model. They have a network of over 2000 trained professionals and have recently acquired the Canadian Solar Institute. The investment aligns with Victory Square's focus on sustainability and innovation. Details will be disclosed post-investment completion, which is subject to due diligence and definitive agreements.

Victory Square Technologies (CSE: VST, OTC: VSQTF) announced its participation in the virtual H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021. The company, which focuses on next-gen internet sectors like fintech and blockchain, will be represented by CEO Shafin Diamond Tejani and Chief Growth Officer Vahid Shababi. They will provide insights into the company’s innovative portfolio. Additionally, Victory Square will present at the Planet MicroCap Showcase on April 22, 2021, and has engaged Clarkham Capital for investor awareness campaigns.

Victory Square Technologies has announced a partnership between its portfolio companies, Next Decentrum and Cloud Nine Web3, to launch NFT products and managed services. The initiative aims to turn NFTs into a dependable revenue stream for artists and content creators. Additionally, the companies plan to introduce educational products focused on NFTs and blockchain opportunities worldwide. This strategic move comes amidst notable growth in the NFT market, which sold over $216 million in the last month, representing nearly half of total NFT sales, amid a global art market valued at over $67 billion.