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Emerge Commerce Ltd ( (TSE:ECOM) ) has issued an update.
EMERGE Commerce Ltd. has completed the sale of its non-core asset, Carnivore Club, for $500,000, including $350,000 in cash and a $150,000 seller note. This transaction aligns with EMERGE’s strategy to focus on its larger, more profitable brands and enhances its cash position, which exceeded $3 million following the sale of its SHOP domains to Shopify. The additional funds from the sale are intended to drive both organic and inorganic growth in 2025, particularly in its expanding grocery and golf businesses.
More about Emerge Commerce Ltd
EMERGE Commerce Ltd. is a premium e-commerce brand portfolio focusing on the grocery and golf industries, with brands such as truLOCAL, UnderPar, and JustGolfStuff under its umbrella. The company is oriented towards managing fewer but more compelling long-term opportunities to enhance profitability.
YTD Price Performance: 20.0%
Average Trading Volume: 205,368
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$8.35M
Learn more about ECOM stock on TipRanks’ Stock Analysis page.
