Mobi724 Global Solutions, Inc. (CNSX:$MOS) has officially closed a $1 million financing deal with BDC Capital, the investment arm of BDC. MOS says it is excited about working with the financial arm of the Bank of Canada.
MOS is Canadian based company that works in the fields of digital marketing, payment solutions, loyalty programs, data analytics, and digital incentives. They also boast card-linked offers. They cater mostly to businesses looking to capitalize on promotions and mobile payment trends.
MOS has a Market Cap of $42.64 million and traded at $0.22 at the opening of Thursday trading. They have a 52 week high and low of $0.34 and $0.04 respectively. MOS currently has 185.40 million shares outstanding.
MOS currently has a ‘Hold’ rating from the Royal Bank of Canada, with a Target Price of $23.00.
MOS says it is hoping to use the financing and partnership to grow the company and develop scalable technologies. They also signed an agreement with Visa earlier this year.
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