Victory Square Technologies (VST:CSE / VSQTF:OTC / 6F6:FWB) builds, acquires and invests in promising start-ups, then provides the senior leadership and resources needed for fast-track growth.
Across its portfolio of more than 20 global companies, it covers A.I., Virtual Reality / Augmented Reality, Blockchain, Fintech, Health-tech, Gaming, Sports Betting and SaaS.
And the success its portfolio has achieved – by way of firms such as GameOn, Hydreight and Immersive Tech – has led to a record earnings performance for the year ending Dec 31, 2020:
- Net income increased to $19.7m from ($8.9m) YOY
- Earnings per share increased to $0.30 from ($0.10) YOY
- VST ended the quarter with cash and cash equivalents of $4.6m
The news came just a day after VST closed Immersive Tech’s oversubscribed financing for gross proceeds of $2.3m, representing:
- 6.8m subscription receipts
- at a price of $0.35
And VST’s portfolio continues to grow. In late April, the firm signed a binding Letter of Intent to invest in renewable energy company Stardust Solar:
- A Solar Network of more than 2,000+ trained solar professionals in North America
- Stardust Solar recently acquired the Canadian Solar Institute
That’s a lot of action. We sat down with Shafin Diamond Tejani, Victory Square’s CEO, to delve into the news…
Tags: $VST, $VST.ca, $VSTQF, Argo Blockchain PLC, Autobahn Indoor Speedway, Boris Gartner, Chris Ramsay, Cloud Nine Web3 Technologies Inc., Fantasy 360 Inc, GameOn, GameOn Entertainment Technologies, gamification, Immersive, Immersive Tech, Liz Schimel, Planet MicroCap Showcase, Shafin Diamond Tejani, Shauna Griffiths, Stardust Solar, Uncontained