Vancouver, British Columbia--(Newsfile Corp. - September 1, 2022) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") today announced that it has entered into a definitive agreement (the "Agreement") to acquire all of the issued and outstanding shares of Blockchain Foundry Inc. ("BCF") (CSE: BCFN), a leading North American blockchain development firm (the "Transaction").
"This acquisition further solidifies WonderFi as the Canadian leader in the digital asset space," commented Ben Samaroo, CEO of WonderFi. "BCF is on a great trajectory with a diverse set of intellectual property, brand partnerships, and a revenue generating track-record. The current economic conditions in the crypto market have made it attractive for WonderFi to be able to acquire companies like BCF which carry the potential to compliment our core operating crypto asset trading platforms Bitbuy and Coinberry, while also adding cash, liquid digital assets, and a portfolio of private emerging crypto investments to WonderFi's balance sheet."
BCF reported revenue of approximately $1.67 million for the fifteen months ended March 31, 2022, and had cash and liquid digital assets of approximately $7.24 million, in addition to a portfolio of private emerging crypto investments of $500,000 as publicly reported as at June 30, 2022.
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