On December 21, 2017, Venzee Inc. completed its going public transaction through the reverse takeover of a TSX Venture Exchange listed issuer renamed Venzee Technologies Inc. and a concurrent brokered financing of $7.5 million, representing at closing a total market capitalization of approximately $31 million.
Venzee offers a retail and supply chain SaaS platform that provides system connectivity and data transformation services, and seeks to leverage its technology to offer new solutions including integration of blockchain networks with conventional databases. Venzee’s platform automatically turns product information from suppliers and manufacturers into the requirements of their retailers, removing an unnecessary and labour-intensive step in their workflow.
Osler, Hoskin and Harcourt LLP represented Venzee Inc. with a team consisting of Eric Levy, Bastien Gauthier, and Jeremy Brisset (Corporate), and Jennifer Lee and Alain Fournier (Tax).