New Risk • May 01
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$4.2m 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$4.2m free cash flow). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.46m market cap, or US$5.49m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Announcement • Mar 17
Luxxfolio Holdings Inc., Annual General Meeting, May 12, 2026 Luxxfolio Holdings Inc., Annual General Meeting, May 12, 2026. Location: british columbia, vancouver Canada New Risk • Feb 01
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$3.6m 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$3.6m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (280% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.80m market cap, or US$4.99m). Announcement • Oct 02
Luxxfolio Holdings Inc. Announces Appointment of Ieva Guoga to the Board of Directors Luxxfolio Holdings Inc. announced the appointment of Ieva Guoga to the board of directors. Ms. Guoga is a Non-Executive Director of DigitalX Limited (ASX: DCC) and serves as Guardian of the Guoga Family Office, where she is overseeing its establishment and early-stage recruitment. She was previously a consultant with Sol Strategies Inc. (CSE: HODL), where she supported the M&A division and contributed to infrastructure and validator initiatives in the Solana ecosystem. Her background spans strategy, leadership, and digital asset infrastructure, with a focus on scaling blockchain-based platforms and supporting shareholder value creation. She also brings extensive experience in emerging technologies and financial services, having advised fintech and blockchain ventures on market expansion, regulatory strategy, and corporate partnerships across Asia, Europe, and North America. Announcement • Aug 23
Luxxfolio Holdings Inc. Announces the Appointment of Zayn Kalyan as Executive Chairman of the Board Luxxfolio Holdings Inc. announced the appointment of Zayn Kalyan as Executive Chairman of the Board. Mr. Kalyan, a seasoned entrepreneur and capital markets executive, has been a driving force in the Company's strategic evolution toward becoming the preeminent institutional-grade player in the Litecoin ecosystem. Known for his forward-thinking approach to blockchain infrastructure, treasury management, and decentralized financial systems, Mr. Kalyan will now take an expanded leadership role in guiding Luxxfolio's growth and long-term vision. Mr. Kalyan has been instrumental in Luxxfolio's recent initiatives, including the expansion of its Litecoin holdings, the development of proprietary wallet and stablecoin technologies, and collaborations with key ecosystem partners such as Litecoin Computer and LitVM. His leadership has helped position the Company at the forefront of programmable money adoption and decentralized commerce infrastructure. Announcement • Jul 15
Luxxfolio Holdings Inc. announced that it has received CAD 2.5 million in funding On July 14, 2025, Luxxfolio Holdings Inc closed the transaction. The Company paid CAD 142,569 in cash finder’s fees and issued 570,276 share purchase warrants in connection with the Offering Announcement • Jun 27
Luxxfolio Holdings Inc. announced that it expects to receive CAD 2.5 million in funding Luxxfolio Holdings Inc. announced a non-brokered private placement to issue 10,000,000 units at an issue price of CAD 0.25 per unit for gross proceeds of CAD 2,500,000 on June 26, 2025. Each unit consists of one common share and one-half share purchase warrant. Each warrant entitles the holder thereof to purchase an additional share at an exercise price of CAD 0.50 per warrant share for a period of 24 months from the closing of the offering. The company may pay finder’s fees in connection with the offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. Completion of the offering is subject to customary conditions and the receipt of all necessary approvals. Announcement • Jun 17
Luxxfolio Holdings Inc., Annual General Meeting, Aug 13, 2025 Luxxfolio Holdings Inc., Annual General Meeting, Aug 13, 2025. Location: british columbia, vancouver Canada New Risk • May 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% 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 (38% average weekly change). Negative equity (-CA$213k). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.91m market cap, or US$2.09m). New Risk • Feb 11
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$36k 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$36k free cash flow). Share price has been highly volatile over the past 3 months (42% average weekly change). Negative equity (-CA$218k). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.31m market cap, or US$915.4k). Announcement • Feb 07
Luxxfolio Holdings Inc. Auditor Raises 'Going Concern' Doubt Luxxfolio Holdings Inc. filed its Annual on Feb 05, 2025 for the period ending Aug 31, 2024. In this report its auditor, Kenway Mack Slusarchuk Stewart LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • Oct 07
Luxxfolio Holdings Inc. Announces Board Changes Luxxfolio Holdings Inc. announce that Mr. Anthony Wong (JD) has been appointed to the Board of Directors. Anthony is well known to the Luxxfolio family, having previously served as a Director and Officer. He brings a valuable background in corporate finance law and experience with mergers and acquisitions. His decision to serve as a member of the Board is well-timed and will support Luxxfolio's objectives as it continues to seek new business and financing opportunities. Mr. Wong is a practicing member of the Law Society of British Columbia. He was initially called to the Bar in 1993 and has worked in both the private and public spheres of securities law, policy and legislation, corporate and commercial transactions, and marketing and communications. He has served on both national and international committees in the finance industry. Mr. Jason Cihelka has decided to resign from his position as Director effective October 3, 2024. Reported Earnings • Dec 30
Full year 2023 earnings released: CA$0.045 loss per share (vs CA$0.31 loss in FY 2022) Full year 2023 results: CA$0.045 loss per share (improved from CA$0.31 loss in FY 2022). Revenue: CA$1.07m (down 92% from FY 2022). Net loss: CA$3.93m (loss narrowed 82% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 6 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
Luxxfolio Holdings Inc. Announces Board Appointments Luxxfolio Holdings Inc. announce the appointment of Rodney Stevens and Jason Cihelka as Directors of the Company. Rodney Stevens will serve as an Independent Director. Mr. Stevens is a Chartered Financial Analyst (CFA) Charter holder with over a decade of experience in the capital markets, first as an investment analyst with Salman Partners Inc. And subsequently as a merchant and investment banker. While at Salman Partners, he became a top-rated analyst by StarMine for the metals and mining industry. Mr. Stevens was also a Portfolio Manager registered with Wolverton Securities Ltd. and over the course of his career, he has been instrumental in assisting in financings and mergers and acquisitions activities worth over $1 billion in transaction value. Mr. Stevens has been an advocate and participant in the crypto asset industry and was a principal of Digital Asset Management Corp., a private start-up, developing a cryptocurrency holdings company with the objective of providing investors with a convenient and more liquid way of gaining exposure to the cryptocurrency sector without sacrificing security. Mr. Cihelka has extensive experience working with and developing Web3 protocols and applications. He is an Electrical &Computer Engineer, and a registered Professional Engineer with APEGA. Mr. Cihelka was the Company's Director of Engineering. He is a co-founder of Vault32, a Filecoin storage provider and decentralized infrastructure provider, and a senior software engineer at Protocol Labs, a company focused on building decentralized protocols powering the next generation of the Internet. In addition, the Company is pleased to appoint Maria Foran as Corporate Secretary of the Company. Mrs. Foran brings extensive experience in corporate governance, document management and regulatory matters and represents a significant addition to the management team. New Risk • Aug 03
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$1.3m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (58% average weekly change). Negative equity (-US$1.3m). Earnings have declined by 81% per year over the past 5 years. Market cap is less than US$10m (CA$1.30m market cap, or US$975.0k). Minor Risk Revenue is less than US$5m (US$1.9m revenue). Reported Earnings • Aug 03
Third quarter 2023 earnings released: US$0.02 loss per share (vs US$0.029 loss in 3Q 2022) Third quarter 2023 results: US$0.02 loss per share (improved from US$0.029 loss in 3Q 2022). Net loss: US$1.71m (loss narrowed 22% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Feb 02
Luxxfolio Holdings Inc. Announces Resignation of Anthony Wong as Corporate Secretary Luxxfolio Holdings Inc. announced that as part of the Company's continual pursuit to optimize its business operations in the face of current market pressures, the Company and its Corporate Secretary, Anthony Wong, have mutually agreed to conclude Mr. Wong's employment agreement. Mr. Wong will step down as an officer and employee of the Company effective February 1, 2023. Announcement • Dec 10
Luxxfolio Holdings Inc. Announces Board Changes Luxxfolio Holdings Inc. announced the following changes to the Board of Directors: Dr. Michael Byron resigned from the Board effective December 2, 2022. Messer's Geoffrey McCord and Kien Tran have been appointed to the Board, effective December 7, 2022. Announcement • Nov 06
An undisclosed buyer acquired an unknown minority stake in Luxxfolio Holdings Inc. (CNSX:LUXX) from BIGG Digital Assets Inc. (CNSX:BIGG). An undisclosed buyer acquired an unknown minority stake in Luxxfolio Holdings Inc. (CNSX:LUXX) from BIGG Digital Assets Inc. (CNSX:BIGG) on November 4, 2022. Post the transaction, BIGG Digital Assets doesn't hold any stake in Luxxfolio.
An undisclosed buyer completed the acquisition of an unknown minority stake in Luxxfolio Holdings Inc. (CNSX:LUXX) from BIGG Digital Assets Inc. (CNSX:BIGG) on November 4, 2022. Announcement • Nov 03
Luxxfolio Announces Board Resignations Kelly Klatik and David Gens resigned from LUXXFOLIO's Board effective November 1, 2022. Announcement • Oct 29
Luxxfolio Holdings Inc. Announces Bradley D. Farquhar Has Resigned His Position as A Director Luxxfolio Holdings Inc. announced that Bradley D. Farquhar has resigned his position as a Director of the Company effective October 26, 2022. Announcement • Jun 10
Luxxfolio Holdings Inc. announced that it has received CAD 2 million in funding from BIGG Digital Assets Inc. Luxxfolio Holdings Inc. announced a private placement of 12,500,000 units at a price of CAD 0.16 for gross proceeds of CAD 2,000,000 on June 9, 2022. The unit offering is comprised of one common share issued at CAD 0.16 per share with one whole warrant exercisable into one common share at CAD 0.21 for a period of 2 years. The transaction included participation from new investor, BIGG Digital Assets Inc. for 15% stake in the company. As part of the transaction, a representative from BIGG Digital Assets Inc. has joined the company's board of directors and and will maintain certain pre-emptive rights. If over a period of 20 consecutive trading days, occurring at any time after
the closing date of the unit offering, the volume-weighted average market closing price for the company's common shares on the Canadian Securities Exchange is equal to or greater than a VWAM of CAD 0.50, then the expiry date of the warrants may be accelerated by the company to a date not later than the 20th day that immediately follows the acceleration event. Announcement • Mar 05
Luxxfolio Holdings Inc. Announces Operational Update Luxxfolio Holdings Inc. announced the following operational update: Mining Overview (as at or for the month of February 2022): Bitcoin Mine site operating at 139 PH/s (Jan. 31, 2022 - 139 PH/s); Total monthly Bitcoin mined of 19.70 (Jan 2022 - 22.01 Bitcoin); Bitcoin equivalent reserves at end of the month of 85.3 (83 BTC and 31 ETH) (Jan 31, 2022 -82.6); The first phase of the expansion of the New Mexico mining operation is expected to be completed this month and will add an additional 2MW of capacity. The final completion of the expansion is scheduled to be finished by the end of April, which will take total capacity to 15MW.Miner shipments continue on schedule and capacity will be available to deploy miners when received. Announcement • Dec 09
Luxxfolio Holdings Inc. has completed a Composite Units Offering in the amount of CAD 9.1 million. Luxxfolio Holdings Inc. has completed a Composite Units Offering in the amount of CAD 9.1 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 13,000,000
Price\Range: CAD 0.7
Discount Per Security: CAD 0.042
Transaction Features: Regulation S Announcement • Sep 03
Luxxfolio Holdings Inc. (CNSX:LUXX) entered into an agreement to acquire Isotechnics. Luxxfolio Holdings Inc. (CNSX:LUXX) entered into an agreement to acquire Isotechnics on September 2, 2021. Pursuant to the transaction, Luxxfolio will issue 550,000 common shares of Luxxfolio to the principals of Isotechnics upon closing. Shares issued for this transaction will vest and be released one year after they are issued. Transaction is subject to signing of definitive agreement which is conditional upon Luxxfolio first completing a satisfactory due diligence review of isotechnics and the acquisition and subject to applicable statutory and regulatory approvals. The transaction is expected to close on October 31, 2021, if the transactions is not closed by this time, the agreement will terminate. Board Change • Sep 02
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. No experienced directors. No highly experienced directors. Director Anthony Wong is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 16
Luxxfolio Holdings Inc. (CNSX:LUXX) completed the acquisition of Westblock Capital Inc. Luxxfolio Holdings Inc. (CNSX:LUXX) entered into a binding term sheet to acquire Westblock Capital Inc. for approximately CAD 5.6 million on February 9, 2021. Luxxfolio Holdings Inc. (CNSX:LUXX) entered into a definitive agreement to acquire Westblock Capital Inc. for approximately on April 6, 2021. Under the transaction, Luxxfolio Holdings will acquire all of the issued and outstanding shares of WestBlock Capital for a consideration of 16 million common shares and 2.5 million share purchase warrants of Luxxfolio Holdings. In the transaction, each WestBlock shareholder will receive, for each WestBlock share held by them, 3.64 Shares and 0.569 of a Warrant, with each whole Warrant being exercisable for one common share of Luxxfolio for a period of 24 months at an exercise price of CAD 0.40 per share if exercised in the first 12 months and CAD 0.50 per share if exercised thereafter. In connection with the transaction, Luxxfolio Holdings is undertaking a non-brokered private placement of up to a maximum of 10 million common shares at an offering price of CAD 0.35 per share for maximum gross proceeds of CAD 3.5 million. The Performance Warrants will be subject to a financing condition such that they will not be exercisable unless an aggregate of $2 million is raised via an equity financing or series of related equity financings undertaken by or for the Company. If the financing condition is not satisfied by the date that is 12 months from the date of issuance of the performance warrants, then the performance warrants will expire. It is anticipated that WestBlock’s President and Chief Operating Officer (WestBlock Management) will join the Luxxfolio’s business team upon closing of the transaction. 50% of WestBlock Management’s Shares will be subject to a 6-month escrow period and the remaining 50% will be escrowed for a 12-month period. The management of WestBlock will join the Luxxfolio team by carrying on with their leadership roles for the WestBlock business, as WestBlock continues to operate as a wholly owned subsidiary of Luxxfolio, post closing. The management team of WestBlock includes: Ken MacLean and Kien Tran.
The closing of the transaction is subject to the parties completing satisfactory due diligence reviews, the execution by all parties of a long form amalgamation agreement by March 5, 2021, approval by WestBlock's shareholders, and compliance with all applicable statutory and regulatory requirements and other customary closing conditions. The transaction is scheduled to close within 60 days after the signing of the amalgamation agreement. As of March 8, 2021, the term sheet expiry date has been extended to March 20, 2021. As of March 10, 2021, the term sheet expiry date has been extended to March 20, 2021. On March 18, 2021, the Luxxfolio Holdings Inc. signed an amendment to extend the term sheet expiry date of its binding term sheet with WestBlock Capital Inc. (“WestBlock”) to acquire the issued and outstanding shares of WestBlock (the “Acquisition”) to April 2, 2021. The Luxxfolio Holdings Inc. proposes to issue the remaining 2.5 million warrants to new principals it intends to hire upon the closing of the acquisition. The transaction is expected to close within 45 days. As of May 19, 2021 the transaction is expected to close by the end of June 2021.
Luxxfolio Holdings Inc. (CNSX:LUXX) completed the acquisition of Westblock Capital Inc. on June 15, 2021. Announcement • Feb 11
Luxxfolio Holdings Inc. announced that it expects to receive CAD 3.5 million in funding Luxxfolio Holdings Inc. (CNSX:LUXX) announced a non-brokered private placement of up to a maximum of 10,000,000 for common shares at an offering price of CAD 0.35 per share for maximum gross proceeds of CAD 3,500,000 on February 10, 2021. Announcement • Dec 19
Luxxfolio Holdings Inc. announced that it expects to receive CAD 0.3 million in funding Luxxfolio Holdings Inc. (CNSX:LUXX) announced a non-brokered private placement of up to 4,000,000 common shares at a price of CAD 0.075 per share for gross proceeds of up to CAD 300,000 on December 17, 2020. The securities will be subject to a four month and one day hold period. The transaction is subject to approval of the Canadian Securities Exchange. Announcement • Dec 02
Luxxfolio Holdings Inc. Appoints Brad Farquhar to Board of Directors and Audit Committee LUXXFOLIO Holdings Inc. announced the appointment of Mr. Brad Farquhar to the Company's Board of Directors. Mr. Farquhar is the Executive Vice-President, Chief Financial Officer, and a member of the Board of Directors at Input Capital Corp., the world's first agriculture commodity streaming company. Previously, he co- founded, developed, and sold the largest farmland investment company in Canada to the Canada Pension Plan Investment Board. Mr. Farquhar will also be appointed to the Company's Audit Committee. Announcement • Nov 25
Luxxfolio Holdings Inc. (CNSX:LUXX) entered into a non-binding term sheet to acquire Ocean Falls Blockchain Corp. for approximately CAD 0.7 million. Luxxfolio Holdings Inc. (CNSX:LUXX) entered into a non-binding term sheet to acquire Ocean Falls Blockchain Corp. for approximately CAD 0.7 million on November 24, 2020. The purchase price will be paid for by the issuance of shares in the capital of Luxxfolio. The transaction is not expected to result in a change of business nor change of control. The closing of the transaction is subject to the negotiation and execution of definitive documentation, the satisfactory completion of due diligence, the receipt of all required consents and approvals, a minimum raise of CAD 0.1 by Luxxfolio via a common share offering, the purchase or lease of certain crypto server equipment and other conditions. The transaction is expected to close by January 8, 2021. 