VENZ.V - Venzee Technologies Inc.
| Previous Close | 0.1100 |
| Open | 0.1100 |
| Bid | 0.1150 x 0 |
| Ask | 0.1200 x 0 |
| Day's Range | 0.1100 - 0.1300 |
| 52 Week Range | 0.0200 - 0.1400 |
| Volume | 1,388,125 |
| Avg. Volume | 1,049,903 |
| Market Cap | 20.621M |
| Beta (5Y Monthly) | 2.64 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0230 |
| Earnings Date | Nov. 19, 2018 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
CNW GroupVenzee Technologies Unaware of Any Material Change
Venzee operates a SaaS platform focused on the "last mile" of supply chain - automating the flow of digital product information from brands and manufacturers to global retail. Separately, following approval from its Board of Directors on June 17, 2020, the Company has announced it has granted incentive stock options to its directors, officers, consultants and employees for the right to purchase up to an aggregate of 9,850,000 common shares of the Company (the "Options"). The terms of the Options granted are in accordance with the Company's Fixed Share Option Plan and vest over a period of two (2) years.
CNW GroupVenzee Expands Retail Integration Core
Built to leverage modern Machine Learning and AI tools, the Venzee platform operates in the critical "last mile" of supply chain - automating the flow of digital product information from brands and manufacturers to their retail partners. The Company has previously reported a significant number of available retail channel connections. In response to the backlog, the Company has added additional resources and automation workflows that simplify Venzee's Internet-standard retail integration model.
- CNW Group
Venzee Technologies Announces Year-End Results
For the three months ending December 31, 2019, revenues were $15,371 (2018 - $48,698) net loss of $589,181 (2018 - $1,421,922), and loss per share of $0.00 (2018 - $0.02). Net loss decreased during the three and 12 months ended December 31, 2019, as compared to the prior-year periods primarily as the result of cost-cutting measures employed during the year where the Company (i) decreased headcount throughout all segments of the business, (ii) decreased legal and professional needs as well as investor relation campaigns, and (iii) limited marketing expenses. The Company implemented significant changes to its business strategy, its executive team, board composition, and revenue model.
CNW GroupVenzee Technologies Announces Closing of Oversubscribed Private Placement
The Company is very pleased by the support it received from Canadian investors with respect to the proceeds raised and continues to operate on-plan to meet market demand for intelligent technology to digitize and improve retail supply chain processes. With respect to the private placement, each unit comprised one common share of the Company and one common share purchase warrant, with each warrant being exercisable for one common share at an exercise price of $0.10 per common share at any time up to 36 months following the closing date of the private placement.
CNW GroupVenzee Technologies Increases Financing to $1.4MM
The Company intends to complete the non-brokered private placement of 28,000,000 units of the Company ("Units") at a price of $.05 per Unit, for anticipated aggregate gross proceeds to the Company of approximately $1,400,000 (the "Offering"). Each Unit is comprised of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"), with each Warrant being exercisable for one Common Share at an exercise price of $0.10 per Common Share at any time up to 36 months following the closing date of the Offering.
CNW GroupVenzee Announces an Additional Set of New Retail Connection Requests
Now with a total of 451 channel requests, the Company continues to satisfy this first wave of activation requests from leading brands and manufacturers using the Venzee distribution platform. Brands driving additional retail connection requests -- scheduled through Q4 2020 -- include a major pharmaceutical manufacturer, two global hard lines manufacturers, and a Canadian wellness brand among others.
CNW GroupVenzee Announces Additional Work Orders and Retail Connection Requests
Now with a total of 359 channel requests, the Company continues to satisfy this first wave of activation requests from leading brands and manufacturers using the Venzee distribution platform. The Company has previously announced relationships with a total of 11 partners, three of which are operational.
CNW GroupVenzee Further Expands Brand Base Adding Three Channel Partners to its Automated Content Distribution Platform
Following completion of technical integration with Venzee through its advanced Application Programming Interface (API), these new channel partners expect to provide Venzee's AI distribution technology to select enterprise clients beginning in Q3. The Company will receive revenue-generating work orders as technical integration completes. In 2019 Venzee announced a number of channel partnership agreements with leading Content Management Systems (CMS) - as identified by Gartner and Forrester research rankings.
- CNW Group
IIROC Trading Resumption - VENZ
VANCOUVER , April 13, 2020 /CNW/ - Trading resumes in: Company: Venzee Technologies Inc. TSX-Venture Symbol: VENZ (all issues) Resumption (ET): 13:30 IIROC can make a decision to impose a temporary suspension ...
CNW GroupVenzee Provides Details on Previously Announced Acceleration of Revenue Generating Retail Work Orders
The Company's commercial Artificial Intelligence (AI) and Machine Learning (ML) technology delivers accurate and automated product information for brands and manufacturers to retailers. The COVID-19 Pandemic has highlighted the inefficiency of manual Supply Chain processes and driven many brands, distributors, and retailers to search for alternatives to legacy processes.
CNW GroupVenzee Announces Significant Increase in Revenue Generating Work Orders due to COVID-19 Supply Chain Distress
As a result, the Company has a clear path to improved profitability, as work orders convert to revenue-generating integrations with retailers Amazon.com, Inc. (AMZN), Mercado Libre (MELI), Lowe's Companies (LOW), Wayfair Inc. (NYSE:W), The Home Depot (HD), and others previously announced by the Company. The Company continues to win new business through its expanding channel partner base including, but not limited to, one of the largest pharmaceutical companies in the world with over $40B USD in revenue; a global power tools company with $12B USD in revenue; a health and wellness company with over $400M USD in revenue, and; one of the largest energy companies in the world with over $250B USD in annual revenue.
CNW GroupVenzee Expands Brand Engagement and Volunteers Services to Combat COVID-19
The COVID-19 Innovation Coalition is a network of entrepreneurs, software developers, engineers, designers, and industry experts providing the City of Chicago , local hospitals, and other entities with relevant expertise to facilitate fast, new responses for front-line challenges affecting our populations. Venzee CEO John Abrams said, "While demand for Supply Chain automation and integration has begun to strain our company and platform resources, Venzee will make Chicago and Milwaukee -based experts available to suppliers and health care providers as requested through the COVID-19 Innovation Coalition."
CNW GroupVenzee Elects Financial Expert Thomas J. Linden to its Board of Directors
Mr. Westerholz continues in his role as Chief Technology Officer for Venzee. For more than two decades, Mr. Linden held senior posts at Deloitte & Touche LLP, a "Big Four" accounting organization and the largest professional services network in the world by revenue. For many of Deloitte's most important clients, Mr. Linden provided executive and board-level guidance on mergers and acquisitions, IPOs, spin-offs, equity financings, revenue recognition, and other areas of strategic growth.
CNW GroupJasper PIM and Venzee Technologies Announce Content Distribution Partnership
Jasper PIM is a leading Software as a Service (SaaS) solution that provides invaluable product information management services to businesses all over the world. Venzee, a digital content distribution platform, announced earlier this year completion of functional integration to more than 250 of the world's largest retail destinations as identified in Deloitte's annual retail ranking (Global Powers of Retailing, Deloitte Touche Tohmatsu Limited).
CNW GroupVenzee Announces Closing of Oversubscribed Private Placement
VANCOUVER, Jan. 31, 2020 /CNW/ - Venzee Technologies Inc. (TSX-V:VENZ.V - News) (the "Corporation" or "Venzee") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") consisting of the issuance of 18,300,000 units of the Company ("Units") at a price of $0.05 per Unit, for aggregate gross proceeds to the Company of $915,000, as announced by the Company on January 29, 2020, oversubscribing the amount originally announced. The Company is very pleased by the support received in the oversubscribed Private Placement and believes such support reflects increasingly strong investor appreciation for Venzee's retail-focused growth model. Each Unit was comprised of one common share of the Company ("Common Share") and one common share purchase Warrant ("Warrant"), with each Warrant being exercisable for one Common Share at an exercise price of $0.10 per Common Share at any time up to 36 months following the closing date of the Private Placement.
CNW GroupVenzee Beats 2019 Retail Integration Growth Goal
VANCOUVER , Jan. 15, 2020 /CNW/ - Venzee Technologies Inc. (TSX-V:VENZ) ("Venzee" or the "Company") has announced completion of functional integration to more than 250 of the world's largest retail destinations, growing revenue-generating retail endpoints above plan. John Abrams , President and CEO of Venzee said, "while achieving integration with so many large retailers is an important milestone for the Venzee team, today we also announce a more ambitious goal: providing a single, simple, standards-based interface to more than 10,000 diverse global retailers - something no other distribution solution offers brands, partners, retailers, or manufacturers". According to Chad Kaczmarek , Venzee's Sr. Director of Integrations, "continued, rapid growth of our retail connection base positions Venzee as the preferred content distribution solution for any brand, manufacturer, or distributor looking to expand and simplify content delivery to a larger group of retail channels".
CNW GroupVenzee Accelerates Retail Integration Above Plan
The Company remains on track to achieve its ambitious 2019 goal of connecting to all of the 250 largest retailers around the world, as identified in Deloitte's annual retail ranking (Global Powers of Retailing 2019, Deloitte Touche Tohmatsu Limited). According to Venzee's CEO John Abrams, continued aggressive expansion of retail integration provides measurable benefit to Brands, Retailers, and Consumers. Most of those costly returns are a direct result of incomplete or inaccurate product information.
CNW GroupEnterWorks and Venzee Technologies Announce Partnership
EnterWorks Enable is a Multi-Domain Experience Management (MxM) platform, comprised of MDM, PIM, and Digital Asset Management (DAM), as well as portals for suppliers, sales and services. The platform is designed to provide trusted data and insights for industry P&L owners (e.g.
CNW GroupVenzee Retail Integration Hits 175 Milestone
With the addition of these new content distribution channels, the Company is on track to achieve its goal of connecting to the 250 largest retailers around the world, as identified in Deloitte's annual retail ranking (Global Powers of Retailing 2019, Deloitte Touche Tohmatsu Limited). The Company is also announcing today the consolidation of several operational positions into a new role focused on further accelerating integration with retail and partner systems. Chad Kaczmarek will fill the role of Senior Director of Integrations.
CNW GroupVenzee Announces Strategic Changes to Its Board of Directors
The group joins Dan Wilkinson and John Abrams - both previously named to the Venzee board. To accommodate these changes, Venzee has accepted the resignations of board members Dan Jeffries, Brian Budd, and Michael (Myke) Clark.
CNW GroupVenzee Adds Fortune 1000 Clients for Automated and Accurate Content Delivery
According to Peter Montross, Vice President, Enterprise Business at Venzee, "Our ability to provide an integrated 'black box' distribution solution to our content management partners affords them selling advantage and very significant value to their clients. John Abrams, President, and CEO of Venzee said, "The addition of these two globally recognized companies not only provides Venzee with on-model revenue growth but validates our sales model and highlights the power of our platform to drive beneficial and profitable transformation of the global retail supply chain.
CNW GroupVenzee Continues to Expand Retail Integration Channels, Hitting 150
Venzee continues to approach its 2019 goal of connecting to the 250 largest retailers around the world, as identified in Deloitte's annual retail ranking (Global Powers of Retailing 2019, Deloitte Touche Tohmatsu Limited). According to Pedro Candelas, Director of Channel Engagement at Venzee, "We are connecting to more retailer destinations every day. With team members located in the world's largest retail markets, we literally speak the local language in use by our retail partners and can build trust with partner targets and deliver retail integrations more rapidly than our competitors.
CNW GroupVenzee Announces Intention to Complete Private Placement of $1.5 Million
Each Unit is expected to be comprised of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"), with each Warrant being exercisable for one Common Share at an exercise price of $0.10 per Common Share at any time up to 36 months following the closing date of the Offering. The Warrants will also be subject to an acceleration clause whereby, in the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange ("TSXV") is equal to or greater than $0.20 for a period of 10 days, the Company will have the right to accelerate the maturity date of the Warrants to a date that is 30 days from the date the Company issues a press release stating its intention to accelerate the expiry date of the Warrants.
CNW GroupVenzee Expands Retail Engagement Attracting Expert Strategic Supply Chain Talent
Previously Mr. Wilkinson served as Chief Commercial Officer at content distribution giant 1WorldSync. For nearly two decades, Mr. Wilkinson drove 1WorldSync into new markets and industry verticals and became the dominant solution provider in grocery, consumer packaged goods (CPG), and non-regulated medical products. According to Venzee CEO John Abrams, "Better than anyone else, Dan understands the consumer-driven changes underway in retail trade today.