A local firm that provides gift card, loyalty and rewards technology and services says it’s poised to bolster its balance sheet with a $1 million private placement.
Ottawa-based Ackroo (TSX-V: AKR) said in a statement that it will issue 5 million shares at 20 cents each in connection with the investment. It will use the additional capital to fund its sales and technology development, as well as make strategic acquisitions.
Ackroo has purchased a string of companies and products in 2016 that’s expanded its geographic reach and customer base.
OBJ360 (Sponsored)

Brigil shapes sustainable communities where people feel connected, valued, and at home
Since 1985, Brigil has redefined what it means to be at home by creating exceptional living environments combining quality, sustainability, and well-being. Founded by Gilles Desjardins, this family-owned business has

The Hard Rock Hotel & Casino Ottawa includes a 150-room hotel, expanded gaming facilities, restaurants and performance spaces. The transformation of the Rideau Carleton Casino into the Hard Rock Hotel