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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Emerge Commerce Ltd | TSXV:ECOM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.05 | 0.05 | 0.055 | 0.05 | 0.05 | 0.05 | 3,000 | 14:30:00 |
TORONTO, Feb. 27, 2024 /CNW/ - EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE", or the "Company"), a premium e-commerce brand portfolio, is pleased to provide the following corporate update, highlighting key growth initiatives and drivers for truLOCAL in 2024.
truLOCAL, our premium meat & seafood subscription brand, and EMERGE's largest business by revenue and profit, is in the process of rolling out a number of initiatives aimed at building on the recent momentum, and driving organic growth in 2024, including:
"The recent $450,000 or so in corporate orders is an example of how the truLOCAL brand and business have the potential to extend far beyond our core consumer subscription offering, which itself remains an area of vast growth potential. We fully intend on leveraging the highly respected truLOCAL brand along with our long-standing relationships in the space to unlock new organic growth drivers in the near-term. Between the positive customer acquisition traction we are seeing lately, as well as key initiatives being scaled such as corporate gifting, curated boxes, and our advertising program, we believe truLOCAL is on the right path to not only re-ignite revenue growth again, but to also capture a larger piece of the multi-billion dollar online meat & seafood/ e-grocery opportunity in 2024 and beyond," commented Ghassan Halazon, Founder and CEO, EMERGE Commerce.
EMERGE (TSXV: ECOM) is a premium e-commerce brand portfolio in Canada and the U.S. Our subscription and marketplace e-commerce properties provide our members with access to unique offerings across grocery and golf verticals. Our grocery businesses include truLOCAL.ca, our premium meat & seafood subscription brand, and Carnivore Club, our artisanal meat subscription brand. Our golf businesses include UnderPar, our discounted golf experiences brand, and JustGolfStuff, our golf products & apparel brand.
To learn more visit https://www.emerge-commerce.com/
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Cautionary notice
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain certain forward-looking information and statements ("forward-looking information") within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including the risk factors discussed in the Company's MD&A, Prospectus Supplement and Annual Information Form and are available through SEDAR at www.sedar.com. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
On Behalf of the Board
Ghassan Halazon
Director, President, and CEO
SOURCE EMERGE Commerce Ltd.
Copyright 2024 Canada NewsWire
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