EMERGE Announces Consulting Engagement and Actions for Services Arrangement

TORONTO, March 11, 2022 /CNW/ – EMERGE Commerce Ltd. (TSXV: ECOM) (“EMERGE“or the”Company“), a diversified acquirer and operator of niche e-commerce brands, today announced that it has engaged Gravitas Securities Inc. (“GSI“) to provide financial and capital markets advisory services to the Company for a period of 12 months, pursuant to a services agreement between the parties (the “Service contract“).

Under the terms of the services agreement, the company will pay GSI $17,500 per month for the provision of the services during the term of the service contract with $12,500 payable in cash, and $5,000 payable by the issue of ordinary shares in the capital of EMERGE (each a “Ordinary share“). The Company plans to issue to GSI $30,000 of common shares on each of the six and twelve month anniversaries of the date of the service agreement. The Common Shares will be issued at a deemed price per Common Share equal to the greater of (a) the 90-day consecutive volume-weighted average trading price of the Common Shares on the TSX Venture Exchange (the “TSXV“) calculated on a monthly basis in respect of the common equity portion of each monthly retainer and (b) the maximum discount price permitted by the TSXV.

The issuance of the Common Shares to GSI pursuant to the Services Agreement is subject to the approval of the TSX Venture Exchange. All common shares issued to GSI will be subject to a hold period in accordance with Canadian securities laws. No new insider will be created and no change of control will occur as a result of the issuance of Common Shares to GSI pursuant to the Services Agreement.

EMERGE Commerce Ltd. (TSXV: ECOM) is a diversified acquirer and operator of profitable niche e-commerce brands. EMERGE’s subscription and marketplace e-commerce properties offer their members access to premium pet products, meat and groceries, outdoor gear, golf and other organized experiences.

EMERGE’s portfolio is home to some of North America’s most coveted online destinations including WholesalePet.com, truLOCAL.ca, BattlBox.com, UnderPar.com, JustGolfStuff.ca, CarnivoreClub.co, WagJag.com and BeRightBack .that. EMERGE was named one of Canada’s fastest growing companies by the Startup 50 and The Globe and Mail’s 2020 Canada’s Top Growing Companies.

Our model involves acquiring category-defining e-commerce brands along with exceptional management teams, after which we apply our shared services platform and playbook with the goal of onboarding and accelerating these brands to new heights, leveraging the combined benefits of scale and expansive expertise. has emerged.

To learn more about EMERGE, visit https://www.emerge-brands.com/

Follow EMERGE:
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Caution notice

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice Regarding Forward-Looking Statements

This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities laws, which are not based on historical fact, including, without limitation, statements containing the words “believe”, “plans”, “plans”, “intends”, “will”, “should”, “expects”, “continues”, “estimates”, “plans” and others similar expressions. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by such statements, including statements regarding the services agreement. The Company assumes no obligation comment on analyses, expectations or statements made by third parties regarding the Company, its securities or its financial or operating results (as applicable). Forward-looking statements contained in this press release are reasonable, such forward-looking information is based on expectations, factors and assumptions regarding future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, some of which are beyond our control. of the Company, including the risk factors discussed in the Company’s Annual Information Form, which are available on SEDAR at www.sedar.com. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and is made as of the date hereof. The Company disclaims any intention and has no obligation or liability, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

On behalf of the board
Ghassan Halazon
Director and CEO



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