Fobi Ai Inc Stock Price, News & Analysis

Fobi AI Inc. (FOBIF) has announced its acquisition of PassWallet on October 5, 2021, for €888,000. With over 6 million downloads, PassWallet enables users to manage Wallet passes on Android, specifically targeting markets not served by Google Pay, which includes over 150 countries. The acquisition positions Fobi to capitalize on the growing mobile wallet market, projected to expand from $11 billion in 2020 to $46 billion by 2028. The deal includes a cash payment and common shares, subject to TSXV approval.

Fobi AI Inc. (FOBIF) has entered a data consulting agreement with Kiaro Holdings Corp., Canada's major cannabis retailer, to develop a data warehouse and analytics strategy. Kiaro anticipates annual revenues of $42.7 million from its 16 locations. This partnership aims to enhance Kiaro's operational efficiency and profitability by optimizing their sales data. The cannabis industry, valued at $20.5 billion, is expected to reach $90.4 billion by 2026, presenting significant opportunities for Fobi. This is Fobi's second major AI data consulting deal recently.

Fobi AI Inc. (TSXV: FOBI, OTCQB: FOBIF) announced its acquisition of specific assets from Qples, Inc. for approximately US$3.2 million, with an additional US$1 million earn-out potential. This acquisition aims to strengthen Fobi's position in the $225 billion coupon industry, currently transitioning from paper to digital formats. Qples is expected to generate US$1 million in revenue for 2021 and US$2 million for 2022. This strategic move is anticipated to enhance Fobi's technology capabilities, integrating with its Connected Retail Commerce Solution.

Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has entered a data consulting agreement with Azincourt Energy Corp. to develop a big data and operational intelligence platform aimed at modernizing mining practices. The partnership aims to leverage artificial intelligence and data mining techniques to improve exploration outcomes at the East Preston uranium project. This collaboration is expected to enhance operational efficiencies in a sector projected to grow significantly, with the mining and exploration equipment market valued at $144 billion.

Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has launched the Fobi Data Exchange (FDX) in partnership with In-Touch Group, enhancing data analytics for convenience stores. This new platform will optimize data from around 10,000 stores, giving global CPG brands unprecedented access to insights and analytics. Fobi's AI will streamline the retail landscape, enabling effective category management and innovative monetization opportunities. CEO Rob Anson emphasized the potential of this partnership to create new revenue streams and provide actionable insights, transforming the retail and consumer engagement space.

Fobi AI Inc. (TSXV: FOBI; OTCQB: FOBIF) has integrated Draganfly’s Vital Intelligence Smart Vital system into its Venue Management System. This partnership enhances Fobi’s offerings for event organizers by enabling health protocol screenings via mobile devices, monitoring vital signs like temperature and heart rate. Fobi has previously partnered for venue management at major tournaments and has secured a deal with the Canadian Hockey League. The global event management software market is projected to reach $14.6 billion by 2025, presenting growth opportunities for Fobi as events resume.

Fobi AI Inc. (TSX.V: FOBI, OTCQB: FOBIF) announces the launch of its new Personalized Digital Receipt Marketing Solution at GroceryShop, held September 19-22, 2021, in Las Vegas. Fobi's latest offering enables retailers to deliver automated, personalized marketing at scale, enhancing engagement through real-time data analytics. The solution allows manufacturers to access rich analytics, ensuring tailored promotions that drive customer journeys. With the integration of the 8112 digital coupon format, retailers can combat coupon fraud while optimizing marketing efforts, paving the way for new revenue streams.

Fobi AI Inc. (TSX.V: FOBI) has announced the launch of Fobi 3.0, a next-generation IoT device aimed at enhancing retail data connectivity. This new device features a plug-and-play design that integrates with existing retail infrastructures without requiring IT setup. Amid global supply chain issues, Fobi has successfully secured critical chip components, positioning itself for large-scale rollouts expected by year-end. Additionally, the release aligns with the anticipated closing of the Qples acquisition, enabling enhanced coupon tracking and marketing capabilities for clients.

On September 13, 2021, Fobi AI Inc. (TSX.V: FOBI; OTCQB: FOBIF) announced the launch of CheckVax™ Validator, a universal app-less solution for validating vaccination credentials. This innovative web-based tool supports Smart Health Cards (SHCs) and ensures compliance with vaccination mandates across multiple jurisdictions, including Canada. Fobi aims to streamline the integration for businesses to meet evolving health regulations while enhancing user experience. The CheckVax™ Validator signifies Fobi's commitment to providing cutting-edge solutions in the rapidly changing health landscape.