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)
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Ottawa’s growth is at an inflection point
One thing the Welch LLP Business Growth Survey taught us this year is most of the business community thinks we’re on track, but have a ways to go.
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Get ready to ROCK! The Lumière Gala returns to the Brookstreet this September
Brookstreet has always been a rock star in the world of hospitality. Now, the hotel is truly embracing the rock and roll vibe with this year’s themed gala in support