Annuncio • Apr 29
BuildDirect.com Technologies Inc., Annual General Meeting, Jun 26, 2026 BuildDirect.com Technologies Inc., Annual General Meeting, Jun 26, 2026. Location: british columbia, vancouver Canada Reported Earnings • Apr 15
Full year 2025 earnings released: US$0.05 loss per share (vs US$0.03 loss in FY 2024) Full year 2025 results: US$0.05 loss per share (further deteriorated from US$0.03 loss in FY 2024). Revenue: US$66.2m (up 1.1% from FY 2024). Net loss: US$2.33m (loss widened 87% from FY 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 135% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 10
BuildDirect.com Technologies Inc. to Report Q4, 2025 Results on Apr 14, 2026 BuildDirect.com Technologies Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Apr 14, 2026 Reported Earnings • Nov 28
Third quarter 2025 earnings released: US$0.02 loss per share (vs US$0.009 loss in 3Q 2024) Third quarter 2025 results: US$0.02 loss per share (further deteriorated from US$0.009 loss in 3Q 2024). Revenue: US$18.1m (up 6.5% from 3Q 2024). Net loss: US$946.4k (loss widened 146% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 14
BuildDirect.com Technologies Inc. to Report Q3, 2025 Results on Nov 27, 2025 BuildDirect.com Technologies Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 27, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings released Second quarter 2025 results: Net income: (up US$517.0k from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 28
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$140k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Significant insider selling over the past 3 months (CA$140k sold). Market cap is less than US$100m (CA$118.0m market cap, or US$85.8m). Annuncio • Aug 21
BuildDirect.com Technologies Inc. to Report Q2, 2025 Results on Aug 28, 2025 BuildDirect.com Technologies Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 28, 2025 Annuncio • Aug 02
BuildDirect.com Technologies Inc. announced that it has received CAD 7.000249 million in funding from Pelecanus Investments Ltd., Lyra Growth Partners Inc., Beedie Investments Ltd. and other investors On August 1, 2025, BuildDirect.com Technologies Inc. closed the transaction. The company issued 6,087,173 common shares at an issue price of CAD 1.15 for gross proceeds of CAD 7,000,248.95. No bonus, finder's fee, commission, agent's option or other compensation is payable in connection with the private placement. All shares are subject to a four-month hold period ending December 2, 2025, under applicable securities laws. The company's three largest shareholders, Pelecanus Investments Ltd., Lyra Growth Partners Inc. and Beedie Investments Ltd. participated in the private placement and purchased 855,625, 328,858 and 303,561 common shares, respectively. In addition, Eyal Ofir purchased 25,000 common shares and Shawn Wilson purchased 8,695 common shares. The percentage of issued and outstanding common shares of the company owned or controlled by Pelecanus, Lyra, Beedie, Eyal Ofir and Shawn Wilson upon closing of the private placement is 38.9%, 15.0%, 13.8%, 0.3% and 3.6%, respectively. Reported Earnings • May 29
First quarter 2025 earnings released First quarter 2025 results: Revenue: US$15.1m (down 3.2% from 1Q 2024). Net loss: US$885.9k (loss widened 50% from 1Q 2024). Annuncio • May 15
BuildDirect.com Technologies Inc. to Report Q1, 2025 Results on May 29, 2025 BuildDirect.com Technologies Inc. announced that they will report Q1, 2025 results Pre-Market on May 29, 2025 Annuncio • Apr 23
BuildDirect.com Technologies Inc. announced that it expects to receive $2 million in funding BuildDirect.com Technologies Inc. announces that it has entered into a supply agreement with a North American Sports and Entertainment Group for gross proceeds of $ 2million on April 23, 2025. Reported Earnings • Apr 17
Full year 2024 earnings released: US$0.03 loss per share (vs US$0.09 loss in FY 2023) Full year 2024 results: US$0.03 loss per share (improved from US$0.09 loss in FY 2023). Revenue: US$65.5m (down 9.4% from FY 2023). Net loss: US$1.25m (loss narrowed 67% from FY 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 15
BuildDirect.com Technologies Inc., Annual General Meeting, Jun 20, 2025 BuildDirect.com Technologies Inc., Annual General Meeting, Jun 20, 2025. Annuncio • Apr 11
BuildDirect.com Technologies Inc. to Report Q4, 2024 Results on Apr 17, 2025 BuildDirect.com Technologies Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 17, 2025 Buy Or Sell Opportunity • Apr 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 90% to CA$1.18. The fair value is estimated to be CA$0.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 54%. Board Change • Apr 01
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. 4 experienced directors. No highly experienced directors. Independent Director Eyal Ofir was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Feb 25
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 142% to CA$1.21. The fair value is estimated to be CA$0.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 54%. Recent Insider Transactions • Feb 07
Chief Executive Officer recently bought CA$106k worth of stock On the 31st of January, Shawn Wilson bought around 245k shares on-market at roughly CA$0.43 per share. This transaction increased Shawn's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Shawn's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Feb 05
Now 20% undervalued Over the last 90 days, the stock has risen 100% to CA$0.80. The fair value is estimated to be CA$1.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 54%. Annuncio • Jan 29
BuildDirect.com Technologies Inc. Provides Earnings Guidance for the Fourth Quarter of 2024 BuildDirect.com Technologies Inc. provided earnings guidance for the fourth quarter of 2024. for the quarter, the company expects revenue to be in the range of $16.0 million to $16.9 million. Reported Earnings • Nov 27
Third quarter 2024 earnings released: US$0.01 loss per share (vs US$0.011 loss in 3Q 2023) Third quarter 2024 results: US$0.01 loss per share (improved from US$0.011 loss in 3Q 2023). Revenue: US$17.0m (down 7.8% from 3Q 2023). Net loss: US$384.4k (loss narrowed 20% from 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Annuncio • Nov 19
BuildDirect.com Technologies Inc. to Report Q3, 2024 Results on Nov 26, 2024 BuildDirect.com Technologies Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 26, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: US$0.01 loss per share (vs US$0.023 loss in 2Q 2023) Second quarter 2024 results: US$0.01 loss per share (improved from US$0.023 loss in 2Q 2023). Revenue: US$16.2m (down 15% from 2Q 2023). Net loss: US$517.0k (loss narrowed 47% from 2Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 8.2% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Annuncio • Aug 22
BuildDirect.com Technologies Inc. to Report Q2, 2024 Results on Aug 28, 2024 BuildDirect.com Technologies Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 28, 2024 Annuncio • Jul 04
BuildDirect.com Technologies Inc. Announces Chief Financial Officer Changes BuildDirect.com Technologies Inc. announced that the board of directors has appointed Mr. Kerry Biggs to the role of chief financial officer (CFO) of the company effective July 22, 2024. The company's Interim-CFO, Mr. Marshall Rosichuk, is resigning from this role with the company effective July 21, 2024 but will remain with the company in the role of advisor to ensure a smooth transition for the management team and the Board. With over 25 years of finance and business experience, Kerry has held a variety of senior roles in both early-stage and established public companies across diverse industries including manufacturing, transportation, and retail. He has held CFO positions with companies listed on both the Toronto Venture Exchange and Canadian Securities Exchange and was previously Vice President, Treasurer at lululemon athletica with responsibility for capital markets, capital structure, treasury, insurance, and risk management activities for the NASDAQ-listed company. He also previously held other senior finance roles at GCT Global Container Terminals Inc, Finning International Inc. and Enbridge Inc. Kerry holds an MBA from the Richard Ivey School of Business (University of Western Ontario), a Chartered Professional Accountant designation, and a Bachelor of Arts, Political Science degree from the University of Victoria. The appointment of Mr. Kerry Biggs remains subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. Reported Earnings • May 29
First quarter 2024 earnings released: US$0.01 loss per share (vs US$0.008 loss in 1Q 2023) First quarter 2024 results: US$0.01 loss per share (further deteriorated from US$0.008 loss in 1Q 2023). Revenue: US$15.6m (down 13% from 1Q 2023). Net loss: US$589.3k (loss widened 72% from 1Q 2023). Revenue is expected to decline by 2.7% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Canada are expected to grow by 7.4%. Annuncio • May 18
BuildDirect.com Technologies Inc. to Report Q1, 2024 Results on May 28, 2024 BuildDirect.com Technologies Inc. announced that they will report Q1, 2024 results Pre-Market on May 28, 2024 Reported Earnings • Apr 30
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: US$0.09 loss per share (improved from US$0.25 loss in FY 2022). Revenue: US$72.3m (down 22% from FY 2022). Net loss: US$3.77m (loss narrowed 52% from FY 2022). Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 100%. Revenue is expected to decline by 3.6% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Canada are expected to grow by 7.5%. Breakeven Date Change • Apr 25
Forecast to breakeven in 2024 The analyst covering BuildDirect.com Technologies expects the company to break even for the first time. New forecast suggests the company will make a profit of US$388.5k in 2024. Average annual earnings growth of 122% is required to achieve expected profit on schedule. Annuncio • Apr 19
BuildDirect.com Technologies Inc. to Report Q4, 2023 Results on Apr 29, 2024 BuildDirect.com Technologies Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Apr 29, 2024 Annuncio • Apr 13
BuildDirect.com Technologies Inc., Annual General Meeting, Jun 20, 2024 BuildDirect.com Technologies Inc., Annual General Meeting, Jun 20, 2024. Annuncio • Jan 29
BuildDirect.com Technologies Inc. Announces Appointment of Marshall Rosichuk as Interim CFO BuildDirect.com Technologies Inc. announced that the Board of Directors has appointed Mr. Marshall Rosichuk to the role of Interim Chief Financial Officer ("CFO") effective January 27, 2024. The appointment of Mr. Rosichuk remains subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. Mr. Rosichuk is a seasoned financial executive with twenty (20+) years experience as a CFO, Corporate Controller and Consultant to public and private companies in the service, manufacturing and construction sectors. Prior to joining BuildDirect, Mr. Rosichuk previously held roles as CFO of Cantega Technologies Inc. and senior finance roles with Raydan Manufacturing Inc. Mr. Rosichuk is a Chartered Professional Accountant and Certified Management Accountant and also received a Bachelor of Commerce from the University of Alberta. Annuncio • Jan 19
Kinderhook 2, LP, managed by Kinderhook Partners, LLC completed the acquisition of an additional 11.5% stake in BuildDirect.com Technologies Inc. (TSXV:BILD) from Mohr, Davidow Ventures IX, L.P. and MDV ENF IX, L.P., managed by Mohr Davidow Ventures for CAD 1.943 million. Kinderhook 2, LP, managed by Kinderhook Partners, LLC acquired and additional 11.5% stake in BuildDirect.com Technologies Inc. (TSXV:BILD) from Mohr, Davidow Ventures IX, L.P. and MDV ENF IX, L.P., managed by Mohr Davidow Ventures for CAD 1.943 million on January 18, 2024. Kinderhook 2 acquired 4.859 million shares for CAD 0.40 per share. Prior to the transaction, the sellers will no longer hold any Common Shares of BuildDirect.com. This acquisition increases Kinderhook’s position in the Common Shares to 6,906,796 Common Shares, or approximately 16.47% of the presently issued and outstanding Common Shares.
Kinderhook 2, LP, managed by Kinderhook Partners, LLC completed the acquisition of an additional 11.5% stake in BuildDirect.com Technologies Inc. (TSXV:BILD) from Mohr, Davidow Ventures IX, L.P. and MDV ENF IX, L.P., managed by Mohr Davidow Ventures for CAD 1.943 million on January 18, 2024. Annuncio • Jan 01
Builddirect.Com Technologies Inc. Announces Resignation of Matthew Alexander as Interim-Chief Financial Officer, Effective January 26, 2024 BuildDirect.com Technologies Inc. announced a change to its senior management. The Company announces that Matthew Alexander is resigning as the Interim-Chief Financial Officer of the Company effective January 26, 2024 to pursue another career opportunity and will work with the Company prior to his departure to ensure a smooth transition for the management team and the Board. BuildDirect is engaging an executive search firm to assist the Company in identifying a new CFO who will complement BuildDirect's strong leadership team and will help drive forward the Company's omni- channel strategy. Reported Earnings • Nov 24
Third quarter 2023 earnings released: US$0.011 loss per share (vs US$0.03 loss in 3Q 2022) Third quarter 2023 results: US$0.011 loss per share (improved from US$0.03 loss in 3Q 2022). Revenue: US$18.4m (down 16% from 3Q 2022). Net loss: US$480.8k (loss narrowed 46% from 3Q 2022). Annuncio • Nov 09
BuildDirect.com Technologies Inc. to Report Q3, 2023 Results on Nov 21, 2023 BuildDirect.com Technologies Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 21, 2023 Reported Earnings • Aug 31
Second quarter 2023 earnings released: US$0.02 loss per share (vs US$0.021 loss in 2Q 2022) Second quarter 2023 results: US$0.02 loss per share. Revenue: US$19.1m (down 21% from 2Q 2022). Net loss: US$975.8k (loss widened 63% from 2Q 2022). Annuncio • Aug 03
BuildDirect.com Technologies Inc. to Report Q2, 2023 Results on Aug 29, 2023 BuildDirect.com Technologies Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 29, 2023 New Risk • Jul 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.6m (US$9.54m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Market cap is less than US$10m (CA$12.6m market cap, or US$9.54m). Minor Risk Shareholders have been diluted in the past year (41% increase in shares outstanding). Annuncio • Jun 15
BuildDirect.com Technologies Inc. Completes Insourcing of Warehouse Operations in Northeastern United States BuildDirect.com Technologies Inc. announced that the Company completed a project to consolidate BuildDirect's third-party warehouse operations in the Northeastern United States and will now insource those operations through a wholly-owned location in Michigan. This initiative aims to continue to unlock inventory synergies between BuildDirect's e-commerce and brick-and-mortar businesses and lower fulfillment costs for the Company's e-commerce operations. As previously announced, BuildDirect will continue to evaluate opportunities to build out its network of warehouses or stores in major U.S. and Canadian markets that provide local products and services for Pros while also fulfilling e-commerce orders. Reported Earnings • May 17
First quarter 2023 earnings released: US$0.01 loss per share (vs US$0.064 loss in 1Q 2022) First quarter 2023 results: US$0.01 loss per share (improved from US$0.064 loss in 1Q 2022). Revenue: US$17.8m (down 27% from 1Q 2022). Net loss: US$343.7k (loss narrowed 80% from 1Q 2022). Reported Earnings • Apr 14
Full year 2022 earnings released: US$0.25 loss per share (vs US$0.41 loss in FY 2021) Full year 2022 results: US$0.25 loss per share (improved from US$0.41 loss in FY 2021). Revenue: US$92.2m (up 1.6% from FY 2021). Net loss: US$7.87m (loss narrowed 24% from FY 2021). Annuncio • Feb 07
BuildDirect.com Technologies Inc. Announces Management Changes BuildDirect.com Technologies Inc. announced that the Company has appointed Eyal Ofir to its Audit Committee. With over 20 years of investment banking and capital markets experience, Eyal Ofir is currently a Director of BuildDirect, having been appointed in April 2022. The Company also announced that Natalie Ku is resigning as the Chief Operations Officer of the Company effective February 3, 2023, and Julie Todaro is stepping down from her role as Director of the Company effective immediately. Annuncio • Jan 28
BuildDirect Enters Marketing Partnership with Wedgewood's Maverick Design BuildDirect.com Technologies Inc. entered into a partnership with Maverick Design to launch a white-label marketing program for a collection of quality Maverick-branded engineered wood floors - The Maverick Design Wood Flooring Collection. Maverick Design specializes in the renovation, revitalization, and reimagination of homes and commercial projects across the United States. Reported Earnings • Nov 17
Third quarter 2022 earnings released: US$0.03 loss per share (vs US$0.023 profit in 3Q 2021) Third quarter 2022 results: US$0.03 loss per share (down from US$0.023 profit in 3Q 2021). Revenue: US$22.0m (down 1.6% from 3Q 2021). Net loss: US$893.2k (down 233% from profit in 3Q 2021). Annuncio • Nov 08
BuildDirect.com Technologies Inc. to Report Q3, 2022 Results on Nov 16, 2022 BuildDirect.com Technologies Inc. announced that they will report Q3, 2022 results Pre-Market on Nov 16, 2022 Annuncio • Sep 30
BuildDirect.com Technologies Inc. announced that it has received CAD 3.150002 million in funding from Pelecanus Investments Ltd., Lyra Growth Partners Inc., Beedie Capital On September 28, 2022, the company announced it has amended the terms of the transaction. The company has upsized to 6,847,830 common shares at a price of CAD 0.46 per common share for total gross proceeds of CAD 3,150,000. The company has issued 1,413,045 common shares at a price of CAD 0.46 per common share for total gross proceeds of CAD 650,000 in its second tranche. The transaction included participation from Douglas Zawada, Eric Truax and Dennis Nehro all insiders of the company by purchasing 847,827, 282,609 and 282,609 common shares respectively. The common shares issued pursuant to the second tranche are subject to a statutory hold period of approximately four months ending on January 29, 2023 in accordance with applicable securities law No bonus, finder's fee, commission, agent's option or other compensation is payable in connection with the transaction. Reported Earnings • Aug 29
Second quarter 2022 earnings released: US$0.02 loss per share (vs US$0.075 loss in 2Q 2021) Second quarter 2022 results: US$0.02 loss per share (up from US$0.075 loss in 2Q 2021). Revenue: US$24.1m (up 2.8% from 2Q 2021). Net loss: US$597.1k (loss narrowed 93% from 2Q 2021). Annuncio • Aug 16
BuildDirect.com Technologies Inc. to Report Q2, 2022 Results on Aug 29, 2022 BuildDirect.com Technologies Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 29, 2022 Annuncio • Jul 01
BuildDirect.com Technologies Inc. announced that it has received $1.5 million in funding from Beedie Capital, Lyra Growth Partners Inc., Pelecanus Investments Ltd. BuildDirect.com Technologies Inc. announced that it has received $1.5 million secured debt financing secured notes to Pelecanus Investments Ltd., Lyra Growth Partners Inc., and Beedie Capital. Annuncio • May 06
BuildDirect.com Technologies Inc. to Report Q1, 2022 Results on May 30, 2022 BuildDirect.com Technologies Inc. announced that they will report Q1, 2022 results Pre-Market on May 30, 2022 Reported Earnings • May 03
Full year 2021 earnings released: US$0.41 loss per share (vs US$0.038 loss in FY 2020) Full year 2021 results: US$0.41 loss per share (down from US$0.038 loss in FY 2020). Revenue: US$90.7m (up 74% from FY 2020). Net loss: US$10.3m (loss widened 126% from FY 2020). Board Change • Apr 27
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Chair of the Board Dan Park is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Apr 05
Builddirect.Com Technologies Inc. Announces Board Changes BuildDirect.com Technologies Inc. announced that it has appointed Eyal Ofir to its Board of Directors. John Farlinger and Andrew Elbaz have stepped down from their roles as Directors of the Board. All changes are effective immediately. Presently Managing Director at Cormark Securities, Eyal Ofir joins BuildDirect's Board, bringing over 20 years of investment banking, capital markets, and industry experience collectively. He has spent more than 12 years in Equity Research covering the technology sector at a number of independent investment dealers. He has also advised a number of technology companies, focusing on helping them shape their growth strategies. Annuncio • Apr 02
BuildDirect.com Technologies Inc., Annual General Meeting, Jun 03, 2022 BuildDirect.com Technologies Inc., Annual General Meeting, Jun 03, 2022. Annuncio • Aug 25
Builddirect.Com Technologies Inc. Provides Revenue Guidance for the Full Year 2021 BuildDirect.com Technologies Inc. provides revenue guidance for the full year 2021. In 2021, BuildDirect anticipates revenue in the range of $90 - $98 million, representing significant year-over-year growth. Annuncio • Aug 24
BuildDirect.com Technologies Inc. (TSXV:BILD) acquired FloorSource Wholesale And Supply for $6.2 million. BuildDirect.com Technologies Inc. (TSXV:BILD) acquired FloorSource Wholesale And Supply for $6.2 million on December 31, 2020. The promissory note, which has a principal amount of $6,225,000, was issued as part of the consideration for the acquisition of FloorSource. BuildDirect.com is required to make a principal payment of $1,245,000 on December 31, 2021 and thereafter on the first day of each calendar quarter, in equal installments of $311,250. FloorSource operates as a separate legal entity in the state of Michigan in the United States.
BuildDirect.com Technologies Inc. (TSXV:BILD) completed the acquisition of FloorSource Wholesale And Supply on December 31, 2020.