Victory Square Stock Price, News & Analysis

Victory Square Technologies announced the addition of sports industry veterans Tim Cahill, Boris Gartner, and Shauna Griffiths as Advisors to its portfolio company, GameOn Entertainment Technologies. Cahill, a renowned athlete and ambassador, expressed excitement about enhancing fan engagement through GameOn’s platform. Gartner's role as CEO of LaLiga North America and Griffiths' marketing expertise brings valuable experience to the team. Additionally, the company granted 150,000 stock options at $1.20 per share, further supporting its growth strategy.

On February 17, 2021, Bill C-218, known as The Safe and Regulated Sports Betting Act, was passed in the House of Commons, marking a significant step towards legalizing single-event sports wagering in Canada. This legislation, supported by a nearly unanimous vote, allows for potential revenues estimated between $5 billion to $7 billion annually in the country. GameOn Entertainment Technologies, part of Victory Square Technologies (OTC: VSQTF), aims to capitalize on this opportunity, expecting to license and joint venture across Canada's provinces and territories.

Victory Square Technologies (OTC:VSQTF) has signed a letter of intent to sell intellectual property assets to Cloud Nine Education Group for $6 million. The deal includes several blockchain-related products, such as a desktop crypto miner and a crypto wallet. The transaction involves 4,411,765 common shares of Cloud Nine at a price of $1.36 each. Closing is projected for February 26, 2021, pending legal and due diligence compliance. CEO Shafin Diamond Tejani emphasized the strategic intent to leverage growth opportunities in the blockchain sector.

Victory Square Technologies Inc. announced the appointment of Mike Vorhaus, Sean Hurley, and Sabrina Carrozza as Advisors for its portfolio company, GameOn Entertainment Technologies. Vorhaus brings decades of experience in startup investments, highlighting successful exits such as Digene's $1.6 billion sale. Hurley, a former Head of Sportsbook at DraftKings, and Carrozza, founder of a consultancy with over 20 years in sports and media, add valuable expertise. GameOn, founded in 2018, provides gamification solutions for sports and entertainment and aims to revolutionize engagement through technology.

Victory Square Technologies announces the appointment of J Moses as Chairman of the Board for GameOn Entertainment Technologies, enhancing its leadership in gamification for sports and entertainment. Moses, a veteran with extensive experience in the gaming industry, has served at Take-Two Interactive and founded UGO Networks. The management team includes CEO Matt Bailey, and other advisors are expected to be named. GameOn aims to create interactive experiences across various media platforms, positioning itself for growth following recent asset acquisitions.

Victory Square Technologies has announced the acquisition of Hydreight, a mobile health and wellness service provider, under a binding share purchase agreement executed on January 29, 2021. The total purchase price for Hydreight is USD $1,600,000, with terms including share issuance and potential earn-out payments of up to $1,000,000 based on performance milestones. The acquisition aims to enhance Victory Square's telehealth offerings, targeting expansions across the USA and globally in Canada, Brazil, and Europe, leveraging Hydreight's proprietary telemedicine technology.

Victory Square Health has received CE marking approval from the EU competent authority of Belgium for its Safetest 15 Minute Rapid Test, enabling distribution throughout the European Union. This antibody test boasts a sensitivity rate of 96.6% and allows users to ascertain current or past Covid-19 infections within 15 minutes. As of October 17, 2020, the EU reported over 4.5 million Covid-19 cases. The approval, granted on October 16, 2020, complements previous certification for a proprietary Elisa test as of September 14, 2020, enhancing the company's market potential in a region with 446 million inhabitants.

Victory Square Health has received FDA permission to market its Safetest 15 Minute Rapid Test for Covid-19 under Emergency Use Authorization (EUA) as of October 9, 2020. The rapid test boasts a 96.6% sensitivity and provides results in just 15 minutes through a simple blood sample. This approval complements the earlier Elisa Test EUA received on August 25, 2020. With over 7.8 million Covid-19 cases reported in the U.S., the test aims to facilitate quick screening and help curb virus spread. The test is currently under review by Health Canada.

Victory Square Technologies Inc. (CSE:VST, OTC:VSQTF) announced an expanded shareholder communications initiative aimed at enhancing transparency regarding its business plans and growth strategy. CEO Shafin Diamond Tejani emphasized the importance of providing relevant information to shareholders, especially given the rapid growth of its portfolio companies. The company engaged Electrik Dojo, LLC for digital marketing and will participate in investor forums to disseminate information. Recent updates include partnerships for Covid-19 testing resources and production increases, reflecting active company developments.