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Venzee Announces an Additional Set of New Retail Connection Requests
Venzee Announces an Additional Set of New Retail Connection Requests Canada NewsWi...
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[{"type":"text","content":"\n\n\n\nVenzee Announces an Additional Set of New Retail Connection Requests\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCHICAGO, May 12, 2020\n\n\n\nCHICAGO, May 12, 2020 /CNW/ - Venzee Technologies Inc. (TSX-V:VENZ) (\"Venzee\" or the \"Company\")  is pleased to announce it has received an additional 92 revenue-generating channel connection requests (work orders) from its channel partners and brands. \n\n \n \n \n \n \n \n\n \nNow with a total of 451 channel requests, the Company continues to satisfy this first wave of activation requests from leading brands and manufacturers using the Venzee distribution platform.\nJohn Abrams, Chief Executive Officer of Venzee, comments: \"These retail connection requests continue to demonstrate demand from large brands and manufacturers to move product content quicker, and more accurately without manual labor as part of their retail growth strategy. The Venzee platform is system agnostic and infinitely scalable - providing brands and manufacturers digital reach and product distribution not possible with legacy manual or paper-based supply chain processes.\"\nBrands driving additional retail connection requests -- scheduled through Q4 2020 -- include a major pharmaceutical manufacturer, two global hard lines manufacturers, and a Canadian wellness brand among others.\nBrands, suppliers, and manufacturers connect to the Venzee platform through technically integrated partners, primarily leading Content Management Solutions. The Company has previously announced relationships with a total of 11 partners, three of which are operational, and four of which are completing Venzee platform integration.\nAdditionally, the Company intends to complete a non-brokered private placement of 20,000,000 units of the Company (\"Units\") at a price of $.05 per Unit, for anticipated aggregate gross proceeds to the Company of approximately $1,000,000 (the \"Offering\").\nEach Unit is comprised of one common share of the Company (\"Common Share\") and one common share purchase warrant (\"Warrant\"), with each Warrant being ex...