Ankündigung • Jun 17
INEO Tech Corp. announced that it has received CAD 1.5 million in funding On June 16, 2026, INEO Tech Corp. closed the transaction. The company announced that it has issued 15,000,000 Shares, at a price of CAD 0.10 per Share for gross proceeds of CAD 1,500,000. An insider of the Company purchased 3,894,430 Shares in the Share Offering maintaining the insider’s interest in the Company at approximately 19.9%. In addition, 1,116,000 Debt Shares were also issued to an insider as part of the Debt Settlement. In connection with the Share Offering, the Company paid finder’s fees to eligible finders consisting of 120,000 common share purchase warrants and CAD 12,000 in cash. Each Finder Warrant entitles the holder to acquire one Share at a price of CAD 0.10 per Share for a period of 24 months from the closing date of the Share Offering. Reported Earnings • May 29
Third quarter 2026 earnings released: CA$0.004 loss per share (vs CA$0.008 loss in 3Q 2025) Third quarter 2026 results: CA$0.004 loss per share. Revenue: CA$586.6k (up 29% from 3Q 2025). Net loss: CA$944.8k (flat on 3Q 2025). Ankündigung • May 21
INEO Tech Corp. to Report Q3, 2026 Results on May 28, 2026 INEO Tech Corp. announced that they will report Q3, 2026 results on May 28, 2026 Ankündigung • May 05
INEO Tech Corp. announced that it expects to receive CAD 1.1 million in funding INEO Tech Corp. announced a non-brokered private placement to issue minimum of 50,000,000 Common shares on a pre-consolidation basis at a price of CAD 0.01 for minimum gross proceeds of CAD 500,000 and will issue maximum of 110,000,000 Common shares on a pre-consolidation basis at a price of CAD .01 for maximum gross proceeds of CAD 1,100,000 on May 4, 2026. The 0.01 per issue price for common share on a pre-consolidation basis equates to CAD 0.10 per common share on a post-consolidation basis, assuming completion of the 1-for-10 share consolidation. The offering is subject to approval from the TSX Venture Exchange (TSX-V). All securities issued in connection with the financing and debt conversion transactions will be subject to applicable resale restrictions, including a statutory hold period of four months and one day from the date of issuance. The Company may pay finder’s fees in connection with the financing in accordance with TSX-V policies. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.9m free cash flow). Share price has been highly volatile over the past 3 months (44% average weekly change). Negative equity (-CA$244k). Earnings have declined by 5.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (106% increase in shares outstanding). Revenue is less than US$1m (CA$1.3m revenue, or US$951k). Market cap is less than US$10m (CA$4.87m market cap, or US$3.57m). Minor Risk Significant insider selling over the past 3 months (CA$695k sold). Ankündigung • Jan 21
INEO Tech Corp., Annual General Meeting, Mar 27, 2026 INEO Tech Corp., Annual General Meeting, Mar 27, 2026. Ankündigung • Jan 16
INEO Tech Corp. Announces Board Appointments, Effective January 14, 2026 INEO Tech Corp. has appointed Mansoor Ali and Gino Gualtieri to its Board of Directors, effective January 14, 2026. Mansoor Ali brings over 20 years of experience in digital media, retail technology and enterprise content-delivery platforms. As co-founder of Dolphin Digital, he has led the growth of large-scale digital signage networks, data-driven media solutions and cross-channel monetization strategies for major retail and commercial clients. Mansoor also serves as Chairman of the National Alliance of Trade Associations, representing more than 4,000 retailers. His expertise in strategic partnerships, network operations and scalable media revenue aligns directly with INEO’s plans to expand its retail footprint, strengthen advertiser engagement and drive high-margin recurring revenue. Gino Gualtieri has served as Chief Technology/Information Officer at major Canadian retailers including Home Hardware Stores Limited, Reitmans (Canada) Limited and several other large chain retailers. His experience in managing large-scale retail IT infrastructure, digital transformation and security protocols makes him uniquely qualified to help INEO optimize its hardware-plus-software deployment strategy across thousands of stores. As the Company ramps up deployments of its Welcoming System and expands its retail-media network, Gino's deep retail IT and operational experience will help provide perspective for the Company's scalable, secure, and reliable rollouts. Mansoor's background in digital media and content monetization will strengthen INEO's ability to convert hardware deployments into recurring revenue streams from advertising and media services. Together, they both enhance the board's strategic, operational and media-monetization capabilities, aligning with INEO's mission to integrate loss prevention, retail infrastructure and media monetization into a seamless, profitable offering. The Board intends to assign them to relevant committees to leverage their expertise effectively. Their appointments increase the board’s breadth of skills and experience, positioning INEO for accelerated growth. New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 138% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (39% average weekly change). Negative equity (-CA$1.8m). Shareholders have been substantially diluted in the past year (138% increase in shares outstanding). Market cap is less than US$10m (CA$6.49m market cap, or US$4.70m). Minor Risks Significant insider selling over the past 3 months (CA$277k sold). Revenue is less than US$5m (CA$1.4m revenue, or US$1.0m). Recent Insider Transactions • Jan 04
Insider recently sold CA$92k worth of stock On the 29th of December, Kerem Akbas sold around 6m shares on-market at roughly CA$0.015 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$94k. Insiders have been net sellers, collectively disposing of CA$241k more than they bought in the last 12 months. Ankündigung • Dec 24
INEO Tech Corp. announced that it has received CAD 2.345335 million in funding On December 23, 2025, INEO Tech Corp. closed the transaction. The company announced that it has issued 156,355,684 common shares (the “Common Shares”) at a price of CAD 0.015 per Common Share for gross proceeds of CAD 2,345,335. Insiders of the Company subscribed for an aggregate of 12,689,020 Common Shares. All securities issued under the Financing are subject to a statutory hold period of four months and one day in accordance with applicable securities laws and TSX Venture Exchange (the “TSXV”) policies. Final acceptance of the Financing by the TSXV remains subject to the completion of customary post-closing filings. The Company will pay a finder’s fee of CAD 8,750 to CIBC in connection with acting as a finder for certain investors. Payment of the finder’s fee remains subject to the approval of the TSXV. Recent Insider Transactions • Dec 07
Insider recently sold CA$94k worth of stock On the 3rd of December, Kerem Akbas sold around 9m shares on-market at roughly CA$0.01 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$88k more than they bought in the last 12 months. Ankündigung • Dec 02
INEO Tech Corp. announced that it expects to receive CAD 2.345335 million in funding INEO Tech Corp. announces a non-brokered private placement to issue 156,355,684 common shares at CAD 0.015 per Share for gross proceeds of CAD 2,345,335.26 on December 1, 2025. The Offering is subject to customary conditions, including TSX Venture Exchange acceptance, and may close in one or more tranches. The Company may pay customary cash finders’ fees and/or issue finder warrants to eligible finders, in accordance with TSX-V policies. All securities issued will be subject to a statutory hold period of 4 months plus 1 day from the applicable closing date. Reported Earnings • Nov 30
First quarter 2026 earnings released: CA$0.006 loss per share (vs CA$0.008 loss in 1Q 2025) First quarter 2026 results: CA$0.006 loss per share. Revenue: CA$288.2k (up 3.4% from 1Q 2025). Net loss: CA$812.4k (loss widened 20% from 1Q 2025). Ankündigung • Nov 25
INEO Tech Corp. has filed a Follow-on Equity Offering in the amount of CAD 1.683357 million. INEO Tech Corp. has filed a Follow-on Equity Offering in the amount of CAD 1.683357 million.
Security Name: Common stock
Security Type: Common Stock
Transaction Features: Rights Offering Ankündigung • Nov 01
INEO Tech Corp. announced that it has received CAD 0.2396 million in funding from Coenda Investment Holdings Corp. and other investors On October 31, 2025, the company has completed the transaction. The company has issued 5,990,000 common shares at an issue price of CAD 0.04 per share for gross proceeds of CAD 239,600.Final acceptance by the TSX Venture Exchange remains subject to customary post-closing filings Reported Earnings • Oct 31
Full year 2025 earnings released: CA$0.029 loss per share (vs CA$0.041 loss in FY 2024) Full year 2025 results: CA$0.029 loss per share. Revenue: CA$1.41m (up 3.9% from FY 2024). Net loss: CA$3.59m (loss widened 16% from FY 2024). New Risk • Oct 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$48k). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m (CA$1.3m revenue, or US$894k). Market cap is less than US$10m (CA$4.87m market cap, or US$3.47m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Ankündigung • Oct 10
INEO Tech Corp. announced that it expects to receive CAD 0.5 million in funding from Coenda Investment Holdings Corp. and other investors INEO Tech Corp. announced a non-brokered private placement to issue 12,500,000 common shares at an issue price of CAD 0.04 per share for gross proceeds of CAD 500,000 on October 9, 2025. The transaction includes participation from, returning investor, Coenda Investments Holdings Ltd. Other insiders of the company may participate in the Offering. The offering is subject to customary conditions, including TSX Venture Exchange acceptance, and may close in one or more tranches. The company may pay customary cash finders’ fees and/or issue finder warrants to eligible finders, in accordance with TSX-V policies. All securities issued will be subject to a statutory hold period of four months plus one day from the applicable closing date. Reported Earnings • May 30
Third quarter 2025 earnings released: CA$0.008 loss per share (vs CA$0.01 loss in 3Q 2024) Third quarter 2025 results: CA$0.008 loss per share. Revenue: CA$456.0k (up 87% from 3Q 2024). Net loss: CA$936.5k (loss widened 17% from 3Q 2024). New Risk • May 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.2m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-CA$48k). Shareholders have been substantially diluted in the past year (113% increase in shares outstanding). Revenue is less than US$1m (CA$1.3m revenue, or US$916k). Market cap is less than US$10m (CA$8.93m market cap, or US$6.51m). Ankündigung • Apr 11
INEO Tech Corp. Announces Board Changes INEO Tech Corp. announced the appointment of Cameron Lawrence, CPA and MPAcc, to its Board of Directors, effective immediately. In addition to joining the Board, Mr. Lawrence has
been appointed as Chair of the Company's Audit Committee. Mr. Lawrence brings a wealth of experience in corporate strategy, finance, accounting, risk management and corporate governance, having previously served as CEO of Newlab LLC, a globalclimate technology platform, and CFO of GNC Holdings LLC, the parent company of retailer GNC. Mr. Lawrence's expertise will be instrumental in supporting the Company's strategic direction and strengthening its oversight functions. INEO also announced that Dave Jaworski has resigned from the Board of Directors for professional reasons. The Board thanks Mr. Jaworski for his dedicated service and significant contributions throughout his tenure at INEO. Reported Earnings • Mar 02
Second quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.008 loss in 2Q 2024) Second quarter 2025 results: CA$0.01 loss per share (further deteriorated from CA$0.008 loss in 2Q 2024). Revenue: CA$293.3k (down 44% from 2Q 2024). Net loss: CA$893.6k (loss widened 39% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Board Change • Feb 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Dave Jaworski was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 79% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$2.1m). Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Revenue is less than US$1m (CA$1.3m revenue, or US$885k). Market cap is less than US$10m (CA$11.6m market cap, or US$8.06m). Ankündigung • Jan 23
INEO Tech Corp. announced that it has received CAD 4 million in funding from Coenda Investment Holdings Corp. On January 22, 2025 INEO Tech Corp. closed the transaction and issued 20,000,000 common shares at issue price of CAD 0.05 per share for proceeds of CAD 1,000,000 in its final tranche. Coenda holding an aggregate of 80,000,000 Shares, representing approximately 50.33% of the outstanding Shares of the Company. The Shares issued in the Final Tranche are subject to a hold period expiring May 21, 2025. No finder’s fees were paid in connection with the Financing. The Company received conditional acceptance from the TSXV for closing of the Final Tranche New Risk • Dec 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Negative equity (-CA$2.1m). Revenue is less than US$1m (CA$1.3m revenue, or US$891k). Market cap is less than US$10m (CA$3.61m market cap, or US$2.53m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • Dec 01
First quarter 2025 earnings released: CA$0.008 loss per share (vs CA$0.01 loss in 1Q 2024) First quarter 2025 results: CA$0.008 loss per share (improved from CA$0.01 loss in 1Q 2024). Revenue: CA$278.7k (down 24% from 1Q 2024). Net loss: CA$678.7k (loss narrowed 9.6% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 29
Full year 2024 earnings released: CA$0.041 loss per share (vs CA$0.048 loss in FY 2023) Full year 2024 results: CA$0.041 loss per share (improved from CA$0.048 loss in FY 2023). Revenue: CA$1.36m (down 10.0% from FY 2023). Net loss: CA$3.09m (loss narrowed 7.3% from FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Ankündigung • Aug 13
INEO Tech Corp., Annual General Meeting, Oct 11, 2024 INEO Tech Corp., Annual General Meeting, Oct 11, 2024. New Risk • Aug 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (38% average weekly change). Negative equity (-CA$1.3m). Earnings have declined by 4.3% per year over the past 5 years. Market cap is less than US$10m (CA$5.41m market cap, or US$3.94m). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (CA$1.4m revenue, or US$1.0m). Ankündigung • Aug 07
INEO Tech Corp. announced that it expects to receive CAD 4 million in funding from Coenda Investment Holdings Corp. INEO Tech Corp announced a non-brokered private placement of 80,000,000 common shares at a price of CAD 0.05 per share for gross proceeds of CAD 4,000,000 on August 6, 2024. The financing will be completed in two tranches, with the first tranche of the financing to consist of 14,000,000 common shares, which will result in investor holding 15.53% of the outstanding shares, and the second tranche of the financing to consist of 61,000,000 common shares, which will result in investor holding an aggregate of 52.68% of the outstanding shares. The company anticipates closing the first tranche by August 7, 2024. The closing of the second tranche will be subject to approval by shareholders of the company, such approval to be obtained within 70 days of completion of the first tranche. The company intends to hold an annual general and special meeting of shareholders in October 2024, where, among other things, the second tranche will be considered and voted upon by the company's shareholders of record. In addition to shareholder approval, completion of the financing will be subject to the satisfaction of customary closing conditions, including the final approval of the TSX Venture Exchange. The shares to be issued will be subject to a hold period expiring four months and one day from the issuance date in accordance with applicable securities laws. Reported Earnings • Jun 04
Third quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.009 loss in 3Q 2023) Third quarter 2024 results: CA$0.01 loss per share (further deteriorated from CA$0.009 loss in 3Q 2023). Revenue: CA$243.3k (down 39% from 3Q 2023). Net loss: CA$799.2k (loss widened 13% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 01
Second quarter 2024 earnings released: CA$0.008 loss per share (vs CA$0.014 loss in 2Q 2023) Second quarter 2024 results: CA$0.008 loss per share (improved from CA$0.014 loss in 2Q 2023). Revenue: CA$519.6k (up 35% from 2Q 2023). Net loss: CA$643.3k (loss narrowed 35% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Ankündigung • Feb 18
INEO Tech Corp. announced that it has received CAD 0.516 million in funding On February 16, 2024, INEO Tech Corp., closed the transaction. The company has raised CAD 60,000 in its second and final tranche closing. As a part of the transaction, the company paid CAD 4,800 in its second and final tranche closing and 56,470 warrants as finder warrants. The debentures and finders' warrants issued pursuant to the offering are subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws. One Insider of the Company participated in the offering. Completion of the offering is subject to the satisfaction of customary closing conditions, including the final approval of the TSX Venture Exchange. Ankündigung • Jan 12
INEO Tech Corp. announced that it expects to receive CAD 0.7 million in funding INEO Tech Corp announced a non-brokered private placement to issue unsecured convertible debentures of the company in the aggregate principal amount of up to CAD 700,000 on January 11, 2023. Each debenture will be convertible into common shares in the capital of the company at a conversion price of 8.5 cents per share for the first year from the date of issuance and thereafter at an adjusted conversion price of 10 cents per share until the date which is three years from the date of issuance and bear interest at the rate of 12% per annum for a period expiring on the maturity date. Closing of the offering is subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the exchange. The debentures will not be listed or posted for trading on any exchange. In connection with the offering, the company may pay finders' fees to certain eligible finders, as permitted by the policies of the TSX Venture Exchange. The shares issuable upon the conversion of the debentures will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Ankündigung • Dec 14
INEO Tech Corp. Appoints Salim Tharani as Managing Director at INEO Retail Media INEO Tech Corp. announced the launch of INEO Retail Media, an operating division of INEO Solutions Inc. To spearhead this initiative, the company welcomes Salim Tharani, a veteran advertising industry executive as the Managing Director at INEO Retail Media. Salim's illustrious career includes steering two Out-Of-Home advertising companies to annual sales exceeding $400 million each and managing retail digital media inventory exceeding 10,000 screens. Reported Earnings • Dec 01
First quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.01 loss in 1Q 2023) First quarter 2024 results: CA$0.01 loss per share (in line with 1Q 2023). Revenue: CA$365.9k (down 12% from 1Q 2023). Net loss: CA$750.5k (loss widened 27% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Ankündigung • Nov 29
INEO Tech Corp. Provides Revenue Guidance for the Full Year 2024 INEO Tech Corp. provided revenue guidance for the full year 2024. The company's key objectives for fiscal 2024 are as follows: Increase revenues through the deployment and expansion of the INEO Media Network to INEO's leading retail customers. Furthermore, the company focus on expanding the INEO Media Network has led to de-emphasizing the sale of legacy loss prevention products and increasing advertising sales. As a result, the company saw advertising sales grow by over 50% year over year in the quarter and the company expected this revenue segment to continue growing into a larger segment for in the future. Reported Earnings • Oct 29
Full year 2023 earnings released: CA$0.048 loss per share (vs CA$0.055 loss in FY 2022) Full year 2023 results: CA$0.048 loss per share. Revenue: CA$1.51m (up 21% from FY 2022). Net loss: CA$3.33m (loss widened 1.2% from FY 2022). Ankündigung • Sep 28
Ineo Tech Corp. Releases Revolutionary Ai Technology INEO Tech Corp. announced a solution which harnesses the power of AI to revolutionize video surveillance and combat organized retail crime. INEO ORCA, an acronym for Organized Retail Crime Alerts, is INEO's latest AI-driven solution and it represents a monumental leap forward in security and crime prevention. By leveraging advanced computer vision and machine learning algorithms, the latest feature of the patented INEO Welcoming System can meticulously analyze storedCCTV footage, captured during loss prevention events, enabling it to detect and recognize patterns associated with organized retail criminal activities. In today's rapidly evolving security landscape, retailers are facing increasingly sophisticated threats from organized criminal groups. Traditional security and surveillance methods are labor intensive and often struggle to keep pace with these challenges, making it imperative to adopt cutting-edge technology to protect store merchandise. Key benefits of the INEO ORCA AI-powered system include: Threat Detection: INEO's AI technology can quickly identify suspicious activities, unusual behavior, and potential threats, allowing for immediate exception reports to be sent to the stores for the store staff to act upon. Pattern Recognition: The system learns and adapts to detect organized retail crime patterns, such as repeated behaviors, specific attire, or group formations, which often go unnoticed by human operators. predictive Analytics: By analyzing historical video from loss prevention alarm event data, INEOs ORCA system can predict potential crime hotspots, allowing the retailers loss prevention team to proactively allocate resources and prevent criminal activities before they occur. Cost-Effective Security: The implementation of AI-driven surveillance can significantly reduce the need for extensive manual monitoring, leading to cost savings for retailers while enhancing security. New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.6m free cash flow). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (CA$4.19m market cap, or US$3.15m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (CA$1.6m revenue, or US$1.2m). Reported Earnings • Jun 01
Third quarter 2023 earnings released: CA$0.009 loss per share (vs CA$0.013 loss in 3Q 2022) Third quarter 2023 results: CA$0.009 loss per share (improved from CA$0.013 loss in 3Q 2022). Revenue: CA$398.7k (up 19% from 3Q 2022). Net loss: CA$709.9k (loss narrowed 8.3% from 3Q 2022). Revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Second quarter 2023 earnings released: CA$0.014 loss per share (vs CA$0.013 loss in 2Q 2022) Second quarter 2023 results: CA$0.014 loss per share (further deteriorated from CA$0.013 loss in 2Q 2022). Revenue: CA$386.4k (up 50% from 2Q 2022). Net loss: CA$981.7k (loss widened 29% from 2Q 2022). Revenue is forecast to grow 96% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Ankündigung • Feb 09
INEO Tech Corp. Adds Welcoming Greeter to Its Suite of Retail Media Network Products for Retailers INEO Tech Corp. announced the Company's latest product innovation, the INEO Welcoming Greeter. The Welcoming Greeter is a stand-alone pedestal-based advertising display which delivers expanded messaging and increased advertising capabilities for retailers. With the debut of the INEO Welcoming Greeter, INEO has one of the most comprehensive and complete suites of Retail Media Network products on the market. The INEO Welcoming Greeter is designed to work in conjunction with the other components of the INEO Welcoming System ecosystem of Retail Media Network products including the Welcoming Pedestal, the Welcoming G.A.T.E., the dual screen Welcoming DUO product and Welcoming Player. Retailers can pair the Welcoming Greeter with INEO's other products to broaden their digital advertising coverage across the entirety of a retail location. The INEO Welcoming Greeter utilizes the proven form factor of the INEO Welcoming Pedestal but without the elements of retail loss prevention. Instead, it utilizes a subset of the INEO Welcoming System electronics combined with enhanced on-system graphics to deliver welcoming messaging/advertising to customers anywhere in the store. Like the other INEO products, each INEO Welcoming Greeter only needs low voltage power and is integrated wirelessly with the INEO Welcoming System for media delivery, monitoring and updating. Additionally, the non-display portion of the system's exterior can incorporate additional graphical features including customized skins specific to the retailer. INEO, working with an as yet undisclosed partner, has also built in AI capabilities to allow the INEO Welcoming Greeter to communicate with customers via an audio enabled chatbot. Furthermore, INEO is building in hand gesture recognition capabilities via its partner GestureTek. These additional interactive measures will simultaneously increase customer satisfaction and time spent in-store while increasing brand perception through immersive experiences. Ankündigung • Dec 31
Ineo Tech Corp. Appoints Eugene Syho to Its Board of Directors INEO Tech Corp. announce the appointment of Eugene Syho to the Company's board of directors ("Board") as an independent director and member of the Audit Committee effective December 29, 2022.Mr. Syho is a seasoned finance executive with over 25 years of proven financial management experience across many diverse industries. He was the Chief Financial Officer ("CFO") of multiple businesses ranging from publicly traded technology companies listed on the TSX to privately owned industrial manufacturing companies. With a professional background in finance and accounting, Mr. Syho is a Chartered Professional Accountant (CPA) and has an Executive Master's degree in Business Administration from Simon Fraser University. Ankündigung • Dec 17
INEO Tech Corp., Annual General Meeting, Mar 10, 2023 INEO Tech Corp., Annual General Meeting, Mar 10, 2023. Reported Earnings • Dec 01
First quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.014 loss in 1Q 2022) First quarter 2023 results: CA$0.01 loss per share (improved from CA$0.014 loss in 1Q 2022). Revenue: CA$416.1k (up 74% from 1Q 2022). Net loss: CA$590.6k (loss narrowed 19% from 1Q 2022). Revenue is forecast to grow 84% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Electronic industry in Canada. Ankündigung • Nov 19
INEO Tech Corp. has completed a Composite Units Offering in the amount of CAD 1.443 million. INEO Tech Corp. has completed a Composite Units Offering in the amount of CAD 1.443 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 12,025,000
Price\Range: CAD 0.12
Discount Per Security: CAD 0.0096
Transaction Features: Regulation S; Rule 144A Price Target Changed • Nov 16
Price target decreased to CA$0.55 Down from CA$0.80, the current price target is provided by 1 analyst. New target price is 424% above last closing price of CA$0.10. Stock is down 66% over the past year. The company posted a net loss per share of CA$0.055 last year. Ankündigung • Oct 29
INEO Tech Corp. announced that it expects to receive CAD 1 million in funding INEO Tech Corp announced non-brokered private placement of unsecured promissory notes to Pathfinder Asset Management Limited for gross proceeds of CAD 1,000,000 on October 27, 2022. The notes will bear interest at 12% per annum payable semi-annually maturing three years after issue and are unsecured in nature. The company will issue purchasers of the notes bonus shares equal to 20% of the principal amount of the notes divided by CAD 0.14. The transaction is subject to the approval of the TSX venture exchange and is expected to close on November 17, 2022. No finder’s fee or commission is payable on the transaction. Ankündigung • Oct 27
INEO Tech Corp. Provides Revenue Guidance for the Fiscal 2023 INEO Tech Corp. provided revenue guidance for the fiscal 2023. For the year, the company expects to achieve record revenue in fiscal 2023 with substantial year-over-year growth driven by the expansion of its INEO Media Network. Reported Earnings • Oct 26
Full year 2022 earnings released: CA$0.055 loss per share (vs CA$0.048 loss in FY 2021) Full year 2022 results: CA$0.055 loss per share (further deteriorated from CA$0.048 loss in FY 2021). Revenue: CA$1.25m (up 67% from FY 2021). Net loss: CA$3.29m (loss widened 47% from FY 2021). Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Electronic industry in Canada. Ankündigung • Jul 22
Ineo Tech Corp. Provides Earnings Guidance for the Fourth Quarter of Fiscal Year Ending June 30, 2022 INEO Tech Corp. provided earnings guidance for the fourth quarter of fiscal year ending June 30, 2022. For the quarter, the company expects achieve record revenue. Ankündigung • Jun 29
INEO Tech Corp. Files for Design Patent for Dual Screen INEO Welcoming System INEO Tech Corp. announced the Company has filed a design patent, entitled "ELECTRONIC ARTICLE SURVEILLANCE PEDESTAL WITH TWO-SIDED DISPLAY", for the dual screen version of its disruptive Welcoming System. The patent filing protects the unique form factor, design and materials used in INEO's new dual screen product, branded as the INEO Welcoming System DUO. The INEO Welcoming System DUO is also protected by the Company's original utility patents, already granted in the United States and Canada, and pending in Europe. The INEO Welcoming System DUO, which has one LED screen on each side of the pedestal, is ideal for large retailers who have multiple doors at their front entrances. The bright, bold digital signage on the INEO Welcoming System DUO is easily visible to customers on either side of the pedestal. The Company's recent premier of the new INEO Welcoming System DUO at the NRF Protect 2022 Conference in Cleveland, OH garnered tremendous interest and was a resounding success in landing pilot system installations with several large retail chains. Traditional loss-prevention systems typically consisted of a standalone tag-detection system known as an Electronic Article Surveillance ('EAS') pedestal located at the retailers' front door. EAS systems incorporate security tags or labels which are attached to merchandise and must be removed or deactivated prior to leaving the retail store. INEO's new Welcoming System DUO product builds upon the Company's previous patented combination media display and electronic surveillance pedestal by adding a second LED screen to the EAS system. The INEO Welcoming System DUO is a remarkable product given the complexity in designing and housing an RF security tag system in close proximity to two LED screens without degradation of the RF signal required for the operation of the EAS system. The INEO Welcoming System DUO utilizes the same technology the Company has originally designed for the INEO Welcoming System which allows it to operate in both the Accousto-Magnetic (AM) 58KHz frequency spectrum and the 8.2MHz frequency spectrum. Digital display screens are inherently "noisy" as they cause electromagnetic interference which hinders the detection of loss prevention tags in a retail store; however, INEO has developed technology which allows the EAS loss prevention aspect of the system to still operate effectively with two large digital display screens located within the detection field. The INEO Welcoming System DUO preserves the same base form factor of the original INEO Welcoming System allowing for visual uniformity within the retail store. The INEO Welcoming System DUO is the same height and width as the standard INEO Welcoming System and is only 2.3 centimeters (1 ¼ inches) thicker. The sleek design is a function of the proprietary technology INEO has developed and patented. Ankündigung • Jun 23
INEO Debuts Dual Screen INEO Welcoming System INEO Tech Corp. announced the first dual screen version of its disruptive market technology, branded as the INEO Welcoming System DUO. INEO will be launching the INEO Welcoming System DUO at the NRF Protect 2022 Conference inside the Prosegur Security tradeshow display (booth #7009). The INEO Welcoming System DUO utilizes the same technology the Company has originally designed for the INEO Welcoming System which allows it to operate in both the Accousto-Magnetic (AM) 58KHz frequency spectrum and the 8.2MHz frequency spectrum. Digital display screens are inherently "noisy" as they cause electromagnetic interference which hinders the detection of loss prevention tags in a retail store; however, INEO has developed technology which allows the EAS loss prevention aspect of the system to still operate effectively with two large digital display screens located within the detection field. The INEO Welcoming System DUO preserves the same base form factor of the original INEOWelcoming System allowing for visual uniformity within the retail store. The INEO Welcoming System DUO is the same height and width as the standard INEOWelcoming System and is only 2.3 centimeters (1 ¼ inches) thicker. The sleek design is a function of the proprietary technology INEO has developed. Reported Earnings • May 31
Third quarter 2022 earnings released: CA$0.013 loss per share (vs CA$0.013 loss in 3Q 2021) Third quarter 2022 results: CA$0.013 loss per share (vs CA$0.013 loss in 3Q 2021). Revenue: CA$335.6k (up 72% from 3Q 2021). Net loss: CA$774.0k (loss widened 34% from 3Q 2021). Over the next year, revenue is forecast to grow 259%, compared to a 18% growth forecast for the industry in Canada. Ankündigung • May 26
INEO Tech Corp. to Report Q3, 2022 Results on May 30, 2022 INEO Tech Corp. announced that they will report Q3, 2022 results Pre-Market on May 30, 2022 Ankündigung • Apr 07
INEO Tech Corp. Files for Design Patent on Ineo Welcoming G.A.T.E INEO Tech Corp. announced the filing of a design patent for its revolutionary INEO Welcoming G.A.T.E. (Global Anti-Theft Environment). The INEO Welcoming G.A.T.E. is designed to be a companion product with the patented INEO Welcoming System. The INEO Welcoming G.A.T.E. patent filing protects the unique form factor, design and materials used in INEO's new product. The INEO Welcoming G.A.T.E. is currently installed at several retail locations across Canada and the US, including six locations with a large North American retail office-supply chain. INEO Files for Design Patent on INEO Welcoming G.A.T.E. The INEO Welcoming G.A.T.E. is the newest piece of the INEO Welcoming System product line, providing enhanced theft protection coverage at the entrance of retail stores. The INEO Welcoming G.A.T.E. patent filing protects the unique form factor, design and materials used in INEO's new product. The INEO Welcoming G.A.T.E. is currently installed at several retail locations across Canada and the US. The INEO Welcoming G.A.T.E. is offered in two versatile styles, a floor mounted pedestal or a wall mounted version, allowing the store to choose a form-factor which suits their environment. The INEO Welcoming G.A.T.E. can operate as a standalone product but is at its most powerful when paired within the INEO Welcoming System. A large retailer with multiple doors at its front entrance can pair one or two Welcoming Pedestal units with several INEO Welcoming G.A.T.E. units to provide theft prevention coverage across an entire retail location. The INEO Welcoming G.A.T.E. utilizes technology INEO designed for the INEO Welcoming System which allows it to operate in both the Accousto-Magnetic (AM) 58KHz frequency spectrum and the 8.2MHz frequency spectrum. Ankündigung • Mar 31
INEO Tech Corp Unveils INEO Ineo Media Player for Retail Customers INEO Tech Corp. unveiled the INEO Media Player, the Company's next generation Digital Out-Of-Home (DOOH) advertising system designed to be a companion product within the patented INEO Welcoming System. The INEO Media Player works in tandem with the INEO Welcoming Pedestal to provide another level of digital advertising within retail stores. INEO has completed its trial run of the INEO Media Player within several retailers and plans to start deploying in retail locations world-wide. The new product is designed to seamlessly fit with wall mounting systems, allowing the store to pick the most optimal position. The INEO Media Player can work as a standalone product but is at its most powerful when paired within the INEO Welcoming System. A retailer with a larger space can pair multiple INEOMedia Players with their current INEOWelcoming Pedestal to broaden their digital advertising coverage across the entirety of the retail location. The INEO Media Player utilizes technology INEO designed for the INEO Welcoming System and works seamlessly with INEO's content management system to place and control advertisements and messaging across all devices on the INEO Media Network. Reported Earnings • Mar 04
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: CA$0.013 loss per share (vs CA$0.013 loss in 2Q 2021). Revenue: CA$257.0k (up 37% from 2Q 2021). Net loss: CA$761.8k (loss widened 45% from 2Q 2021). Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 244%, compared to a 42% growth forecast for the industry in Canada. Ankündigung • Feb 24
INEO Tech Corp. to Report Q2, 2022 Results on Feb 28, 2022 INEO Tech Corp. announced that they will report Q2, 2022 results Pre-Market on Feb 28, 2022 Ankündigung • Jan 22
INEO Tech Corp. (TSXV:INEO) acquired SecurityTags.com from Vitag PVT Ltd. INEO Tech Corp. (TSXV:INEO) acquired SecurityTags.com from Vitag PVT Ltd on January 20, 2022. Under the terms of the purchase agreement, INEO has acquired the Securitytags.com domain name, website, inventory, customer list and social media accounts.
INEO Tech Corp. (TSXV:INEO) completed the acquisition of SecurityTags.com from Vitag PVT Ltd on January 20, 2022. Reported Earnings • Dec 01
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: CA$0.014 loss per share (down from CA$0.009 loss in 1Q 2021). Revenue: CA$238.7k (up 61% from 1Q 2021). Net loss: CA$731.5k (loss widened 107% from 1Q 2021). Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 387%, compared to a 23% growth forecast for the industry in Canada. Ankündigung • Nov 24
INEO Tech Corp. Unveils New INEO Welcoming G.A.T.E. Product for Large Retail Customers INEO Tech Corp. unveiled the INEO Welcoming G.A.T.E., the Company's next generation Electronic Article Surveillance (EAS) pedestal designed to be a companion product within the patented INEO Welcoming System. The INEO Welcoming G.A.T.E. works in tandem with the INEO Welcoming Pedestal to provide loss prevention capabilities, video capture of loss prevention alarm events, and delivery of robust traffic analytics data. The INEO Welcoming G.A.T.E. is currently installed in several retail locations across Canada and the US, including two initial locations in Florida and Maine owned by a large North American retail chain. The new product can be manufactured in two versatile styles, a floor mounted pedestal or a wall mounted unit, allowing the store to pick the most optimal position. In addition, the INEO Welcoming G.A.T.E. can work as a standalone product but is at its most powerful when paired within The INEO Welcoming System. A large retailer with multiple doors at its front entrance can pair one or two Welcoming Pedestal units with several Welcoming G.A.T.E. units to provide theft prevention coverage across the entire entrance of a retail location. The INEO Welcoming G.A.T.E. utilizes technology INEO designed for the INEO Welcoming System which also allows it to operate in the popular Accusto-Magnetic (AM) 58KHz frequency spectrum. The INEO Welcoming System operates in both the 58KHz and the 8.2MHz frequency spectrum. Reported Earnings • Oct 30
Full year 2021 earnings released: CA$0.048 loss per share (vs CA$0.24 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: CA$745.2k (up 41% from FY 2020). Net loss: CA$2.24m (loss narrowed 61% from FY 2020). Reported Earnings • May 29
Third quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.23 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CA$195.5k (up 144% from 3Q 2020). Net loss: CA$576.4k (loss narrowed 92% from 3Q 2020). Recent Insider Transactions • Mar 14
Independent Director recently bought CA$54k worth of stock On the 10th of March, Steven Matyas bought around 150k shares on-market at roughly CA$0.36 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$63k more in shares than they have sold in the last 12 months. Ankündigung • Mar 12
INEO Tech Corp. has completed a Composite Units Offering in the amount of CAD 6.09012 million. INEO Tech Corp. has completed a Composite Units Offering in the amount of CAD 6.09012 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 15,944,778
Price\Range: CAD 0.36
Discount Per Security: CAD 0.0288
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 972,222
Price\Range: CAD 0.36
Discount Per Security: CAD 0.0126 Is New 90 Day High Low • Feb 23
New 90-day high: CA$0.51 The company is up 117% from its price of CA$0.23 on 23 November 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 35% over the same period. Ankündigung • Jan 22
INEO Solutions Inc. Provides Retailers with the INEO Welcoming Network INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., provides retailers with the INEO Welcoming Network, a patented in-store and online location-based advertising network which enhances the customer experience, monetizes the entrances of retail stores and protects against retail theft. Using The Welcoming System, INEO's network of digital advertising and anti-theft devices located at the entrance of retail stores, INEO was able to analyze traffic patterns of more than 800,000 shoppers in the month of December, including on New Year's Eve, when BC liquor stores were ordered to close at 8 PM. This data analysis clearly shows restricting store hours does not reduce the number of shoppers. In fact, it creates the COVID Crunch, where the last hour of the shopping day results in congestion and over-crowding which challenges social distancing efforts. INEO is publishing this data to assist public health decision makers, businesses, and the public to better manage this phenomenon during the COVID-19 pandemic. While the company is publishing this overcrowding effect on key holiday dates in December, the effect can be seen whenever retail hours are restricted in stores which provide essential services. Ankündigung • Jan 16
INEO Tech Corp., Annual General Meeting, Mar 18, 2021 INEO Tech Corp., Annual General Meeting, Mar 18, 2021. Ankündigung • Jan 09
INEO Tech Corp. Enters into Letter of Intent with Prosegur EAS USA Inc INEO Tech Corp. announced it has entered into a Letter of Intent with Prosegur EAS USA Inc. to distribute and install INEO'sWelcoming Systems in Prosegur's retail customers in North America, Latin America and Europe. Under the terms of the LOI, INEO grants Prosegur non-exclusive global distribution rights to secure, place and install the INEOWelcoming System within Prosegur's retail customers. Prosegur will be responsible for the funding, manufacturing, distribution, in-store setup and in-store maintenance of INEO'sWelcoming Systems. INEO will be responsible for online provisioning, operating, and managing of the INEOWelcoming Network in addition to providing location-based analytics to Prosegur and its retail clients for which INEO will receive a monthly recurring revenue fee. Is New 90 Day High Low • Dec 23
New 90-day high: CA$0.32 The company is up 49% from its price of CA$0.21 on 23 September 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. Ankündigung • Dec 19
INEO Tech Corp. Announces Advertising Contract with Major Brewing Company INEO Tech Corp. announced an advertising contract with one of the world's largest brewing companies, who will begin advertising across select retail locations on INEO's Welcoming Network starting in January 2021. Is New 90 Day High Low • Dec 08
New 90-day high: CA$0.26 The company is up 6.0% from its price of CA$0.24 on 08 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Reported Earnings • Nov 28
First quarter 2021 earnings released: CA$0.009 loss per share The company reported a mediocre first quarter result with increased losses and weaker control over expenses, although revenues were improved. First quarter 2021 results: Revenue: CA$148.2k (up 42% from 1Q 2020). Net loss: CA$354.1k (loss widened 303% from 1Q 2020). Is New 90 Day High Low • Oct 23
New 90-day high: CA$0.25 The company is up 4.0% from its price of CA$0.24 on 24 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. Reported Earnings • Oct 23
Full year earnings released - CA$0.25 loss per share Over the last 12 months the company has reported total losses of CA$5.76m, with losses widening by CA$5.59m from the prior year. Total revenue was CA$527.0k over the last 12 months, up 24% from the prior year. Ankündigung • Oct 04
INEO Tech Corp. Announces Partnership with Consumer Media Solutions Inc INEO Tech Corp. announced a partnership with Consumer Media Solutions Inc. Consumer Media Solutions has been successfully selling digital and traditional advertising on a national level since 2005 with a staff of seasoned sales reps. INEO's patented Welcoming System now reaches approximately 1.5 million motivated shoppers each month. This partnership between INEO and Consumer Media Solutions will utilize INEO's intelligent demographic and analytics data to enable unprecedented visibility and targeting for location-based advertising by advertisers and brands. Ankündigung • Jul 31
INEO Tech Corp. (TSXV:INEO) completed the acquisition of Newman Loss Prevention Inc. INEO Tech Corp. (TSXV:INEO) signed a letter of intent to acquire Newman Loss Prevention Inc. for CAD 0.14 million on March 11, 2020. As part of consideration, INEO Tech Corp. will pay 0.2 million of common shares with another future earnout consideration of 0.2 million common shares upon achievement of certain agreed to milestones. As part of transaction, INEO Tech Corp. acquisition of Newman includes acquiring ongoing contracts, customer lists and inventory assets. Dan Newman, Principal of Newman will be joining INEO Tech Corp. as Director of Sales for the Prairie Region. INEO Tech Corp. expects to sign a definitive agreement and close the transaction within 30 days. As part of transaction, the acquired customers will immediately deliver accretive cash flow.
INEO Tech Corp. (TSXV:INEO) completed the acquisition of Newman Loss Prevention Inc. on May 5, 2020. As a part of closing, the acquisition of Newman remains subject to the final approval of the TSX Venture Exchange. 
