Emerge Commerce Ltd ( (TSE:ECOM) ) just unveiled an update.
EMERGE Commerce Ltd. has signed a definitive agreement to acquire Tee 2 Green Ltd., a profitable golf apparel and equipment business based in Ontario, Canada. The acquisition, valued at $2.2 million, is expected to bring EMERGE to a cash flow positive position by 2025. Tee 2 Green, with a 38-year track record, will benefit from EMERGE’s extensive golf business and subscriber database, enhancing its market reach and operational efficiency. The deal is strategically significant for EMERGE as it expands its golf vertical, which includes successful brands like UnderPar and JustGolfStuff. The acquisition is funded with cash on hand, reflecting EMERGE’s strengthened financial position following recent asset sales.
More about Emerge Commerce Ltd
EMERGE Commerce Ltd. is a premium e-commerce brand portfolio company that focuses on various verticals, including the golf industry. The company is involved in the acquisition and management of e-commerce businesses, leveraging its expertise in online marketing and analytics to enhance business operations and growth.
YTD Price Performance: -10.0%
Average Trading Volume: 160,786
Technical Sentiment Signal: Buy
Current Market Cap: C$6.26M
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