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Fobi AI ( (TSE:FOBI) ) just unveiled an announcement.
Fobi AI Inc., a prominent AI and data intelligence company based in Vancouver, has announced the completion of the sale of its German subsidiary, Fobi AI Germany GmbH, to an independent third-party purchaser for EUR 1,540,000. This strategic move, which includes a non-exclusive license for Fobi to use the Passcreator Software, is expected to impact Fobi’s operational focus and market positioning by allowing it to streamline its operations and potentially enhance its data-driven services across its core markets.
More about Fobi AI
Founded in 2017 in Vancouver, Canada, Fobi is a leading AI and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. Fobi enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences, and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale. Fobi works with some of the largest global organizations across retail & CPG, insurance, sports & entertainment, casino gaming, and more. Fobi is a recognized technology and data intelligence leader across North America and Europe, and is the largest data aggregator in Canada’s hospitality & tourism industry.
Technical Sentiment Signal: Sell
Current Market Cap: C$8.98M
See more insights into FOBI stock on TipRanks’ Stock Analysis page.