Canada markets closed

Visionstate Corp. (VIS.V)

TSXV - TSXV Real Time Price. Currency in CAD
Add to watchlist
0.07000.0000 (0.00%)
At close: 3:09PM EST
Full screen
Previous Close0.0700
Open0.0700
Bid0.0700 x 0
Ask0.0750 x 0
Day's Range0.0650 - 0.0700
52 Week Range0.0200 - 0.1400
Volume76,842
Avg. Volume749,932
Market Cap3.687M
Beta (5Y Monthly)-2.84
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMay 17, 2000
1y Target EstN/A
All
News
Press Releases
  • Visionstate announces Exchange acceptance and closing of previously announced private placement
    GlobeNewswire

    Visionstate announces Exchange acceptance and closing of previously announced private placement

    EDMONTON, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate”) is pleased to announce the final acceptance from the TSX Venture Exchange and closing of its over-subscribed, non-brokered private placement financing ("Private Placement") for gross proceeds of $1,505,000 or 30,100,000 units ("Units") at a price of $0.05 per Unit. The Private Placement was first announced on February 1, 2021 for up to $750,000 and upsized to $1,500,000 on February 11th, 2021, for up to 30,000,000 units ("Units"), at a price of $0.05 per Unit. On February 26, 2021, Visionstate closed subscriptions of 30,100,000 Units for gross proceeds of $1,505,000 that included 2,445,000 Units issued to certain insiders of the Company. Each Unit is comprised of one (1) common share in the capital of Visionstate Corp ("Common Share") and one (1) Common Share purchase warrant ("Warrant"), whereby each Warrant entitles the holder to purchase one (1) Common Share at a price of $0.07 for a period of 36 months from the date of closing. The issuance of Units to insiders pursuant to the Private Placement will constitute a "related party transaction" as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. Visionstate anticipates that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $122,250 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. The securities issued under the Private Placement are subject to a four-month hold period from the time of closing of the Private Placement. In addition, the Company has paid a finder's fee, in the total amount of $8,880 cash and 2970,00 in broker warrants priced at $.07 per warrant, in connection with the entire Private Placement. Visionstate will use the net proceeds from the Private Placement for general working capital and growing its business. About Visionstate Corp. Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Issued on behalf of the Board of Directors of Visionstate Corp. “John A. Putters” Visionstate Corp. For additional information please contact: Visionstate Corp.CHF Capital MarketsJohn Putters, CEOCathy Hume(780) 425-9460(416) 868-1079 x 231jputters@visionstate.comcathy@chfir.com

  • Visionstate announces additional financing due to market demand
    GlobeNewswire

    Visionstate announces additional financing due to market demand

    EDMONTON, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate”) is pleased to announce that due to strong investor demand the Company will raise $600,000 in a non-brokered private placement offering of up to approximately 11,000,000 units, at a price of $.055 per Unit, subject to regulatory approval. Each Unit is comprised of one (1) common share in the capital of Visionstate Corp. (VIS) and one (1) common share purchase warrant at $0.07 cents for a period of 36 months from the date of closing. The closing of the offering is subject to certain conditions, including but not limited to, the receipt of all regulatory approvals, including the acceptance of the TSX Venture Exchange. The securities issued under the offering will be subject to the standard four-month hold. Visionstate intends to use the proceeds from the Private Placement to invest in corporate development and awareness, general operating capital, as well as investing in the Company’s strategy to expand its Internet of Things technology into the cannabis sector with Freedom Cannabis Inc., which was announced as a non-binding Memorandum of Understanding on January 21, 2021. About Visionstate Corp. Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Issued on behalf of the Board of Directors of Visionstate Corp. “John A. Putters” Visionstate Corp. For additional information please contact: Visionstate Corp.CHF Capital MarketsJohn Putters, CEOCathy Hume(780) 425-9460(416) 868-1079 x 231jputters@visionstate.comcathy@chfir.com

  • Visionstate portfolio company Freedom Cannabis Inc. secures retail sales licence
    GlobeNewswire

    Visionstate portfolio company Freedom Cannabis Inc. secures retail sales licence

    Introducing IOT Innovations for the Cannabis IndustryEDMONTON, Alberta, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate” or “the Company”), is pleased to announce that Freedom Cannabis Inc., a portfolio company of Visionstate Corp., has received its “Processing Licence with Ability for Sale” from Health Canada on February 11, 2021. The new licence expands Freedom’s Processing Licence sales authorization to include selling dried and fresh cannabis products to provincial and territorial authorized distributors, retailers, and registered patients. Freedom Cannabis Inc. also holds Sale (Medical) and Cultivation licences. The Processing licence previously allowed sales of plants and seeds. It further allows for provincial and territorial applications in the Northwest Territories (NWT), Saskatchewan, Alberta, and Ontario for consumer sales. This licence solidifies Freedom’s ability to market next-generation cannabis products for medicinal and retail sale through vertically integrated seed to sale operations. The Company is now ready to immediately convert its vault inventory into market-ready products, including pre-roll, extracts, and dried cannabis in 3.5g, 7g, 14g, and 28g units. The Company is now poised to leverage its automated packaging and processing systems to provide processing, packaging, and sale services to other licenced producers. "This licence allows us to now sell to the provinces and adds to our sales channels. We can now offset our business to business (B2B) sales with consumer-focused opportunities,” said Freedom Cannabis Inc. CEO Gianfranco Potestio. “The amendment adds a service model to the company to process, package and distribute for other Licenced Producers. Freedom will begin to leverage its packaging automation towards these services.” “This is a major milestone for the Freedom family, significantly expanding our market and sales opportunities, unlocking new and diversified revenue streams,” he continued. “It allows us to increase service and cultivation capacity and pursue larger commitments than ever before. We are excited about the scalability, flexibility, and growth potential this approval enables.” Visionstate Corp. invested in Freedom Cannabis in 2019 and is now working with the company to develop Internet of Things solutions for the cannabis market. The technology will streamline operations and provide detailed analytics on performance and regulatory reporting. About Visionstate Corp. Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Issued on behalf of the Board of Directors“John A. Putters” Visionstate Corp. To learn more, please contact:Visionstate Corp.CHF Capital MarketsWebsite: www.visionstate.comJohn Putters, CEOPerry RapagnapTwitter: @visionstate(780) 425-9460(416) 868-1079 x 230Facebook: @visionstatejputters@visionstate.comperry@chfir.comLinkedIn:@VisionstateCorp.