Board Change • Feb 28
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Chairman Joe Byrne is the most experienced director on the board, commencing their role in 2019. Independent Director David McLoughlin was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Feb 10
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Chairman Joe Byrne is the most experienced director on the board, commencing their role in 2019. Independent Director David McLoughlin was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Dec 16
Emergence Global Enterprises Inc. Announces Executive Changes Emergence Global Enterprises Inc. announces that Harvinder Panesar has been appointed the new President of Emergence. Rick Purdy, who has been acting President for the last nine months, has stepped down from his position and has been appointed as a Director of the Company. Mr. Panesar will oversee the day-to-day direction of the Company, focusing on emerging technologies and business in Western Canada. Mr. Panesar will report to Joseph Byrne, the CEO and Chairman of the Company. Additionally, the Company also announces the appointment of Alex Tarrabain as a member of its board of directors, replacing Ameen Ferris. Mr. Tarrabain is a professional with over a decade of experience in budgeting, business planning, accounting and team building. Board Change • Dec 07
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. CEO, President & Director Joe Byrne is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. CEO, President & Director Joe Byrne is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 25
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CEO, President & Director Joe Byrne is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 21
Third quarter 2022 earnings released: US$0.001 loss per share (vs US$0.004 loss in 3Q 2021) Third quarter 2022 results: US$0.001 loss per share. Revenue: US$838.2k (up 22% from 3Q 2021). Net loss: US$105.5k (loss widened 34% from 3Q 2021). Announcement • Sep 07
Emergence Global Enterprises Inc. Announces Executive Changes Emergence Global Enterprises Inc. announced the resignation of Diego Felipe Rodriguez as Chief Financial Officer has been accepted and Raju Kalsi has been appointed to the position. Announcement • Jun 30
Emergence Global Enterprises Inc., Annual General Meeting, Aug 09, 2022 Emergence Global Enterprises Inc., Annual General Meeting, Aug 09, 2022. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). CEO & Director Joe Byrne is the most experienced director on the board, commencing their role in 2019. Independent Director Cameron Canzellarini was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 13
Emergence Global Enterprises Inc. (CNSX:EMRG) acquired 150 Commercial Automated Growing Systems from O’ Grow Investments for 10,850,000 shares at a value of $0.14 per share. Emergence Global Enterprises Inc. (CNSX:EMRG) acquired 150 Commercial Automated Growing Systems from O’ Grow Investments for 10,850,000 shares at a value of $0.14 per share on April 12, 2022. This opportunity was presented to Emergence through the consultancy of P&C Ventures Inc.
Emergence Global Enterprises Inc. (CNSX:EMRG) completed the acquisition of 150 Commercial Automated Growing Systems from O’ Grow Investments for 10,850,000 shares at a value of $0.14 per share on April 12, 2022. Board Change • Feb 23
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). CEO & Director Joe Byrne is the most experienced director on the board, commencing their role in 2019. Independent Director Cameron Canzellarini was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 08
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). CEO & Director Joe Byrne is the most experienced director on the board, commencing their role in 2019. Independent Director Cameron Canzellarini was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improved over the past week After last week's 29% share price gain to US$1.10, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 20x in the Electronic industry in Canada. Total returns to shareholders of 817% over the past three years. Announcement • Mar 19
Emergence Global Enterprises Inc. (CNSX:EMRG) acquired Coastal Rock Trading LLC from Dave McLoughlin for CAD 1 million. Emergence Global Enterprises Inc. (CNSX:EMRG) acquired Coastal Rock Trading LLC from Dave McLoughlin for CAD 1 million on March 17, 2021. Emergence Global Enterprises shall issue 12,500 common shares in its capital for each of the Purchased Shares, which shall result in an aggregate of 1,250,000 Common Shares being distributed to the Vendor. The Price per Share at the close of the market on the day prior was $0.99. Coastal Rock’s consumer brands Fuzion 365, Kinetic Supps and SportFit365 will add to Emergence Global Enterprises' portfolio of consumer products. The transaction is subject to Exchange Approval, consummation of due diligence, and resignation of Coastal Rock Trading's directors. Bennett Jones LLP acted as legal advisor to Emergence Global Enterprises.
Emergence Global Enterprises Inc. (CNSX:EMRG) completed the acquisition of Coastal Rock Trading LLC from Dave McLoughlin on March 17, 2021. Announcement • Mar 17
Emergence Global Enterprises Inc. (CNSX:EMRG) acquired Well & Wild Superfoods Ltd. from Ameen Ferris and Sharifa Ferris for CAD 0.45 million. Emergence Global Enterprises Inc. (CNSX:EMRG) acquired Well & Wild Superfoods Ltd. from Ameen Ferris and Sharifa Ferris for CAD 0.45 million on March 15, 2021. Under the terms of the Purchase Agreement, the shareholders of Well & Wild (the "Vendor") received aggregate consideration of 0.5 million common shares in the capital of the Company ("Common Shares") issued to the Vendor at the closing time. The Price per Share at the close of the market on the day prior was CAD 0.90. The transaction is subjected Exchange approval and due diligence investigation. Bennett Jones LLP acted as legal advisor to Emergence Global Enterprises Inc.
Emergence Global Enterprises Inc. (CNSX:EMRG) completed the acquisition of Well & Wild Superfoods Ltd. from Ameen Ferris and Sharifa Ferris on March 15, 2021. Announcement • Mar 12
Emergence Global Enterprises Inc. (CNSX:EMRG) acquired EDGE Nutrition from Lamia Chaaban. Emergence Global Enterprises Inc. (CNSX:EMRG) acquired EDGE Nutrition from Lamia Chaaban on March 10, 2021. Pursuant to the transaction, the sole shareholder of EDGE received an aggregate consideration of 525,000 common shares in the capital of Emergence Global, the price per share at the close of the market on the day prior was CAD .85.
Emergence Global Enterprises Inc. (CNSX:EMRG) completed the acquisition of EDGE Nutrition from Lamia Chaaban on March 10, 2021. Announcement • Mar 07
Emergence Global Enterprises Inc. (CNSX:EMRG) acquired ProDynn Distribution, LLC from Jeff Hoffman for $0.67 million. Emergence Global Enterprises Inc. (CNSX:EMRG) signed a share purchase agreement to acquire ProDynn Distribution, LLC from Jeff Hoffman for $0.67 million on March 5, 2021. As part of the consideration, Emergence Global issued 1 million of its common shares to the vendor. The transaction is subject to the approval by the Canadian Securities Exchange, consummation of Due diligence, consents from governmental authorities, duly executed resignations for each director and officer of ProDynn, and other customary closing conditions.
Emergence Global Enterprises Inc. (CNSX:EMRG) completed the acquisition of ProDynn Distribution, LLC from Jeff Hoffman on March 5, 2021. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 27% share price gain to US$1.14, the stock is trading at a trailing P/E ratio of 2.2x, up from the previous P/E ratio of 1.7x. This compares to an average P/E of 22x in the Electronic industry in Canada. Total returns to shareholders over the past three years are 1,529%.