Venzee Technologies, Inc. (TSE:VENZ) has released an update.
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Venzee Technologies Inc. has just announced an exciting strategic partnership with Digital Commerce Payments Inc. by securing an exclusive software right-of-use agreement. This deal, valued at CDN$4.25 million, payable in cash or stock, is set to significantly enhance Venzee’s e-commerce software offerings, promising to increase revenue and expand market capabilities with features like AI-enabled product descriptions and multi-lingual support. The transaction is contingent on regulatory and shareholder approvals, with the potential issue of over 19 million new shares at CDN$0.22 each.
For further insights into TSE:VENZ stock, check out TipRanks’ Stock Analysis page.