Plurilock Sells CloudCodes Assets to Focus on Core Services

Plurilock Security Inc ( (TSE:PLUR) ) has issued an announcement.

Plurilock Security Inc. has announced the sale of its CloudCodes assets to Scope Technologies Corp. for $1,780,000 in cash and stock. This strategic divestiture allows Plurilock to streamline its operations and focus on its core services, particularly in serving large enterprises and government clients. The transaction is expected to close by mid-September 2025, subject to customary conditions and regulatory approvals. This move aligns with Plurilock’s shift away from the SME market segment, allowing it to concentrate on critical services and support CloudCodes’ growth under new leadership.

Spark’s Take on TSE:PLUR Stock

According to Spark, TipRanks’ AI Analyst, TSE:PLUR is a Neutral.

Plurilock Security Inc. is currently facing substantial financial difficulties, with negative profit margins and solvency issues being the most significant concerns. Technical analysis indicates bearish momentum, while its valuation is hampered by lack of profitability. However, recent corporate events, including strategic partnerships and contracts, provide a positive outlook and potential for improved market positioning and revenue growth.

To see Spark’s full report on TSE:PLUR stock, click here.

More about Plurilock Security Inc

Plurilock is an AI-native cybersecurity company specializing in solving complex cyber problems in high-stakes environments. It is trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises to defend critical infrastructure and safeguard essential systems. The company’s Critical Services division provides operational resilience through expertise, proprietary IP, and AI-driven playbooks.

Average Trading Volume: 75,397

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$15.71M

Find detailed analytics on PLUR stock on TipRanks’ Stock Analysis page.