Wellfield Technologies Inc (TSE:WFLD) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Wellfield Technologies Inc. is set to resume trading on the TSX Venture Exchange and is progressing with the spin-off of its subsidiary, Tradewind Markets Inc., aimed at enhancing shareholder value. The spin-off aligns with Wellfield’s strategy to focus on its core businesses in crypto and decentralized finance, leveraging its Coinmama brand and proprietary blockchain technology. Wellfield anticipates the spin-off will allow Tradewind to grow independently, with its own management, and provide Wellfield with $20M in Tradewind stock to bolster its financial position or fuel growth.
For further insights into TSE:WFLD stock, check out TipRanks’ Stock Analysis page.