Carrier Connect Data Solutions Inc. Completes Acquisition of Saint John Data Center

Rhea-AI Summary

Carrier Connect Data Solutions (OTCQB: CCDSF) completed acquisition of the Saint John data center assets from Carbon60, closing under an asset purchase agreement dated February 27, 2026 and announced March 2, 2026. The company paid $1,600,000 cash at closing plus $150,000 payable three months later, subject to customary adjustments.

Acquired through subsidiary PureColo Inc., the deal increases Carrier's portfolio to five data centers, expanding coverage into New Brunswick and adding national scale.

Positive

• Acquisition price of $1.6M plus $150k deferred
• Portfolio expansion to 5 data centers nationwide
• Geographic reach added: Atlantic Canada (New Brunswick)

Negative

• Cash outflow of $1.6M reduces liquidity near-term
• Additional $150k contingent payment within three months

News Market Reaction – CCDSF

-4.20%

1 alert

-4.20% News Effect

On the day this news was published, CCDSF declined 4.20%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Carrier Connect Data Solutions Inc. (TSXV: CCDS) (OTCQB: CCDSF) (WKN: A40XB1) (the "Company" or "Carrier") is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of the principal business assets comprising the data center operation located in Saint John (the "Saint John Data Centre Assets") from Carbon60 Operating Co. Ltd. ("Carbon60"), a provider of professional and managed services across multiple cloud platforms.

In connection with the Acquisition, the Company, through its wholly owned subsidiary PureColo Inc., entered into an asset purchase agreement (the "Asset Purchase Agreement") dated February 27, 2026 with Carbon60. Pursuant to the terms of the Asset Purchase Agreement, the Company acquired the Saint John Data Centre Assets. In consideration for the Acquisition, the Company paid an aggregate of $1,600,000 in cash to Carbon60, with an additional $150,000 payable three months following the closing date, subject to customary adjustments for liabilities or payables incurred.

No finder's fees have been paid by either the Company or Carbon60 in connection with the Acquisition.

Mark Binns, Chief Executive Officer of Carrier, commented, "We are very pleased to expand the Carrier Connect portfolio of data centers to New Brunswick giving us national coverage from Vancouver to Ontario and into Atlantic Canada. With 5 data centers under management now, we can give our customers more choice for location than ever, and increased scale also allows us to drive further efficiencies in delivering co-location data center services."

About Carrier Connect Data Solutions Inc.

Carrier's mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises and small businesses. Data centers are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives, and network equipment. As a carrier-neutral organization, Carrier's systems are fully independent and owned outright within its leased space. The current principal markets for the Company are Vancouver, Ottawa and Saint John, Canada and Perth, Australia, where it serves clients who use its facilities either as their primary data center or as an ancillary site depending on their needs.

ON BEHALF OF THE BOARD OF DIRECTORS

"Mark Binns"
Mark Binns, CEO

For further information, please contact:

Attention: Mark Binns, CEO
Email: mark@carrierconnectds.com
Phone: 778-945-1074

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements include, but are not limited to, statements with respect to the payment of the holdback amount and the Company's future plans and intentions. Such forward-looking statements or information are provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future.

Forward-looking statements or information are based on a number of factors and assumptions that have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company.

Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, and the risk factors with respect to the Company set out in the Company's filings with the Canadian securities regulators and available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285802

FAQ

What did Carrier Connect (CCDSF) acquire on March 2, 2026?

Carrier Connect acquired the Saint John data center assets from Carbon60 pursuant to a February 27, 2026 asset purchase agreement. According to the company, the purchase expands its co-location footprint into New Brunswick and increases its total data centers to five.

How much did Carrier Connect (CCDSF) pay for the Saint John data center?

Carrier Connect paid $1,600,000 in cash at closing, plus $150,000 payable three months later. According to the company, the $150,000 is subject to customary post-closing adjustments for liabilities or payables.

How will the Saint John acquisition affect Carrier Connect's data center coverage?

The acquisition extends Carrier Connect's coverage into Atlantic Canada and adds national reach from Vancouver to New Brunswick. According to the company, the deal brings its managed data center count to five locations.

Which Carrier Connect subsidiary completed the Saint John purchase?

The acquisition was completed by PureColo Inc., a wholly owned subsidiary of Carrier Connect. According to the company, PureColo executed the asset purchase agreement dated February 27, 2026 with Carbon60.

Are there any fees or finders' commissions reported for the acquisition?

No finder's fees were paid by either Carrier Connect or Carbon60 in connection with the transaction. According to the company, the deal did not involve intermediary commissions.