An update from Wellfield Technologies Inc ( (TSE:WFLD) ) is now available.
Wellfield Technologies Inc. has announced a shares for debt transaction to settle $244,500 of outstanding consulting payables by issuing 4,657,142 common shares at a price of $0.0525 per share. This strategic move is expected to impact the company’s financial structure positively by reducing debt and potentially improving its market positioning, subject to approval by the TSX Venture Exchange.
More about Wellfield Technologies Inc
Wellfield Technologies Inc. is a leading fintech company that specializes in innovative blockchain solutions for both consumers and institutions. Their retail platform, Coinmama, provides cryptocurrency market access to over 3.8 million users in 180 countries, offering self-custody solutions and DeFi services. Wellfield also operates Tradewind Markets, a tokenization platform for real-world assets, and is working towards becoming Canada’s second qualified digital asset custodian.
YTD Price Performance: -50.0%
Average Trading Volume: 360,670
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.24M
For an in-depth examination of WFLD stock, go to TipRanks’ Stock Analysis page.