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Jeffs’ Brands Sells 6.3% of Fort Technology’s Outstanding Shares ; Company to Retain Majority Stake Valued at Approximately $24 Million Valuation
Globenewswire· 2026-02-23 14:05
Core Viewpoint - Company is divesting retail assets to concentrate on homeland security and advanced technologies, leveraging AI-driven solutions for growth in this sector [1][2]. Group 1: Transaction Details - Company has closed a share transfer agreement to sell 714,286 common shares of Fort Technology Inc. for a total consideration of CAD $928,571, which is approximately CAD $1.3 per share [1]. - The shares sold represent about 8.1% of Company’s holdings in Fort and approximately 6.3% of Fort's outstanding shares [1]. - Following the transaction, Company retains a 71.55% equity stake in Fort [2]. Group 2: Strategic Focus - Company is shifting its focus towards the global homeland security sector through its subsidiary, KeepZone AI Inc., following a distribution agreement with Scanary Ltd. in December 2025 [3]. - The aim is to create comprehensive security ecosystems for critical infrastructure worldwide, capitalizing on the significant growth potential of the homeland security market [3].
Jeffs' Brands Sells 6.3% of Fort Technology's Outstanding Shares ; Company to Retain Majority Stake Valued at Approximately $24 Million Valuation
Globenewswire· 2026-02-23 14:05
Core Viewpoint - Company is divesting retail assets to concentrate on homeland security and advanced technologies, leveraging AI-driven solutions [1][2] Group 1: Transaction Details - Company closed a share transfer agreement to sell 714,286 common shares of Fort Technology Inc. for a total consideration of CAD $928,571, approximately CAD $1.3 per share [1] - The shares sold represent about 8.1% of Company’s holdings in Fort and approximately 6.3% of Fort's outstanding shares [1] Group 2: Current Holdings and Strategy - Following the transaction, Company holds a 71.55% equity stake in Fort, indicating a partial divestment of its majority-owned subsidiary [2] - This divestment is expected to provide additional liquidity as Company continues to focus on homeland security and advanced technologies [2] Group 3: Business Focus - Company has pivoted into the global homeland security sector through its subsidiary, KeepZone AI Inc., after entering a distribution agreement with Scanary Ltd. in December 2025 [2] - Company aims to deliver comprehensive security ecosystems for critical infrastructure worldwide, capitalizing on the growth potential of the homeland security market [2]
SRx Health Solutions to Consider Allocating Up to 10% of Future Cash Flows and Cash Reserves to Bitcoin, Solana and Gold
Globenewswire· 2025-05-01 13:15
Core Viewpoint - SRx Health Solutions, Inc. plans to allocate up to 10% of future cash flows and cash reserves into cryptocurrencies and precious metals to enhance financial resilience and create long-term value for shareholders [1][2]. Company Overview - SRx Health Solutions, Inc. is a leading integrated healthcare services provider in Canada, operating within the specialty healthcare industry across all ten provinces [2]. - The company focuses on delivering comprehensive, integrated, and customized specialty healthcare services, leveraging industry knowledge and technology to improve patient care [2]. Strategic Initiative - The initiative to diversify into cryptocurrencies and precious metals, including Bitcoin (BTC) and Solana (SOL), aims to protect capital and strengthen the company's balance sheet in a changing economic environment [1][2].