Announcement • Jul 01
Earthworks Industries Inc. (TSXV:EWK) completed the acquisition of Intellectual property, Modular processing architecture,Cloud-based operating and management platform from Wokaura Art and Innovations Inc. Earthworks Industries Inc. (TSXV:EWK) signed a letter of intent to acquire Intellectual property, Modular processing architecture,Cloud-based operating and management platform from Wokaura Art and Innovations Inc for CAD 0.06 million on February 13, 2026. The consideration consists of 4 million common equity of Earthworks Industries Inc. having a value of CAD 0.04 million to be issued for assets of Intellectual property, Modular processing architecture,Cloud-based operating and management platform. Earthworks Industries Inc. will pay an earnout of CAD 0.02 million common equity. As part of consideration, CAD 0.06 million is paid towards assets of Intellectual property, Modular processing architecture,Cloud-based operating and management platform.
The transaction is subject to approval by TSX Venture Exchange and execution of definitive agreements. On March 27, 2026, it was announced that the transaction has been submitted for review by the TSX Venture Exchange.
McMillan Law Group acted as a legal advisor for Earthworks Industries Inc. Pursuant to the Advisory Agreement, McMillan, as McMillan Strategies, will provide advisory and consulting services to the Company. Compensation under the Advisory Agreement will be: Fees comprised of: $60,000 payable upon the Company completing a financing of at least $125,000; and $5,000 per commencing the 1st day of the month following the date of the completion of the $125,000 financing for the duration of the agreement.
Earthworks Industries Inc. (TSXV:EWK) completed the acquisition of Intellectual property, Modular processing architecture,Cloud-based operating and management platform from Wokaura Art and Innovations Inc on June 29, 2026. New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Negative equity (-CA$7.5m). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.06m market cap, or US$3.68m). Minor Risks Latest financial reports are more than 6 months old (reported August 2025 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Mar 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (92% average weekly change). Negative equity (-CA$7.5m). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.78m market cap, or US$4.19m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). 
