Wellfield Closes Acquisition of Brane Trust Company Ltd., Advancing Institutional and Tokenized Gold Strategies
Enables Wellfield to serve the multifaceted demand of the digital real-world asset ecosystems and provides flexibility as decentralized finance continues to evolve.Toronto, Ontario--(Newsfile Corp. - December 29, 2023) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") today announced that,...
2023-12-29 7:30 AM EST
Wellfield Technologies Inc. Announces Planned Launch of Tokenized Gold Ecosystem
Wellfield announces a planned calendar Q1 2024 launch of its revolutionary tokenized gold ecosystem.Wellfield aims to transform gold - one of the world's most enduring and recognized assets - into a financial product on Ethereum.Toronto, Ontario--(Newsfile Corp. - December 8, 2023)...
2023-12-08 7:30 AM EST
Wellfield Technologies, Inc. Reports Q2 Financial Results for the Three Months Ended September 30, 2023 and Other Corporate Updates
Coinmama's enduring brand awareness and potential for further revenue growth.Toronto, Ontario--(Newsfile Corp. - November 30, 2023) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company"...
2023-11-30 7:30 AM EST
Wellfield Technologies, Inc. Announces Shareholder Meeting Results
Toronto, Ontario--(Newsfile Corp. - October 23, 2023) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") is pleased to announce the results of its annual general and special meeting of shareholders (the "Meeting"). At the Meeting, the Company's shareholders approved: (i) the re-election of the four nominated directors standing for re-election, being Levy Cohen, Chanan Steinhart, Neal Sample and Kristina Bates; (ii) the appointment of Kingston...
2023-10-23 7:30 AM EDT
Wellfield Announces Appointment of Neal Sample to Chair of the Board in Preparation for Real World Asset Launch and New Revenue Streams
Toronto, Ontario--(Newsfile Corp. - October 6, 2023) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") is pleased to share exciting updates regarding its Board of Directors, aimed at positioning the company for future success as it prepares to add new revenue streams to Tradewind Markets, acquired earlier in the year, and commercialize valuable technology that enables decentralized financial services.The Company is pleased to announce that...
2023-10-06 7:30 AM EDT
Wellfield Announces Partnership with Stablecorp and Canadian Growth Focus
Toronto, Ontario--(Newsfile Corp. - September 26, 2023) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") today announces, following its recent definitive agreement to acquire Alberta-based Brane Trust, a targeted growth effort aimed at the Canadian marketplace. Wellfield is now an Authorized Dealer of QCAD, a fully fiat-reserved Canadian Digital Dollar issued by Stablecorp Digital Currencies Inc.With this partnership, Wellfield aims to...
2023-09-26 7:30 AM EDT
Wellfield Releases Interim Consolidated Financial Statements for the First Quarter of Fiscal 2024
Toronto, Ontario--(Newsfile Corp. - August 30, 2023) - Wellfield Technology Services Inc. (TSXV: WFLD) (FSE: K8D) (the "Company" or "Wellfield"), announces the release of its unaudited financial results for the interim period ended June 30, 2023 (the "Interim Financial Statements"). The Interim Financial Statements reflect Wellfield's final full quarter of operations before the July 21 announced successful reorganization of Coinmama, which has led to improved margins. The documents are...
2023-08-30 7:30 AM EDT
Wellfield Announces Acquisition of Interest in Bosonic, Inc. and Closing of Private Placements
Toronto, Ontario--(Newsfile Corp. - August 4, 2023) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") announces that it has closed the transactions contemplated by a definitive share exchange agreement dated August 3, 2023 (the "Share Exchange Agreement") with Earth Corporation ("EarthCo") and Bosonic, Inc. ("Bosonic"). Under the Share Exchange Agreement, Wellfield has acquired 517,100 common shares and 1,155,000 series B preferred shares in...
2023-08-04 9:00 AM EDT
Wellfield Announces Strategic Investment in Bosonic Inc.
Toronto, Ontario--(Newsfile Corp. - July 28, 2023) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield"), today announced that it has signed a non-binding letter of intent (the " LOI") to enter into an agreement with Earth Corporation ("EarthCo") to acquire 517,100 common shares and 1,155,000 series B preferred shares in the capital of Bosonic, Inc. ("Bosonic") (the "Proposed Investment"), representing an approximately 9.7% interest in Bosonic on...
2023-07-28 8:30 AM EDT
Wellfield Technologies, Inc. Releases Annual Financial Statements, Announces Financings, and Provides Other Corporate Updates
Toronto, Ontario--(Newsfile Corp. - July 28, 2023) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield"), announces the release of its audited annual financial statements for the fifteen months ended March 31, 2023 (the "Financial Statements"), with comparatives for the twelve months ended December 31, 2021, as a result of the change of financial year-end of the Company previously announced in the Company's news release dated December 21, 2022....
2023-07-28 7:30 AM EDT
Wellfield Executes Definitive Agreement to Acquire Brane Trust Company Ltd.
Toronto, Ontario--(Newsfile Corp. - July 26, 2023) - Wellfield...
2023-07-26 7:30 AM EDT
Wellfield Technologies, Inc. See Significant Improvement in Financial Results Attributed to the Announced Successful Reorganization of Coinmama
Toronto, Ontario--(Newsfile Corp. - July 21, 2023) - Wellfield Technologies, Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield"), is pleased to announce the successful implementation of its operational reorganization for its business line Coinmama (the "Reorganization"), which was previously announced in the Company's news release, dated May 18, 2023. The Reorganization is indicating signs of enhanced margins.Initiated in May 2023 and completed in July 2023, the...
2023-07-21 7:30 AM EDT
Wellfield Capital Launches VaultChain Gold Direct to Investors After Successful Integration of Tradewind Markets Acquisition
Toronto, Ontario--(Newsfile Corp. - June 30, 2023) - Wellfield Technologies (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield"), a fintech company leveraging blockchain technology to provide comprehensive digital asset solutions, is proud to announce that following the acquisition of Tradewind Markets in Q1 2023, Wellfield Capital has begun selling VaultChain™ Gold to institutional and accredited investors. VaultChain™ Gold is physical investment grade gold vaulted at the...
2023-06-30 7:30 AM EDT
Wellfield Announces Operational Reorganization to Drive Margin Improvement
Toronto, Ontario--(Newsfile Corp. - May 18, 2023) - Wellfield Technologies, Inc. (TSXV: WFLD) (FSE: K8D) (the "Company" or "Wellfield"), today announces reorganization of core business operations for Coinmama, including enhancing and deepening the utilization of operational partnerships and a reduction of approximately half of its workforce. These improvements are expected to create sustainable gross profit enhancements without impeding Coinmama's ability to service its existing customers and...
2023-05-18 8:30 AM EDT
Wellfield Reports Financial Results for the Three Months Ended December 31, 2022
Wellfield generated revenue of $42.1 million for the quarter ended December 31, 2022, at approximately breakeven gross margin. On track to continue growing revenue through 2023 driven by growth at Wellfield Capital, increases in Coinmama.com organic traffic, early success with new user acquisition efforts, and initiatives aimed to enhance monetization of Coinmama's over 3.5 million registered users.VaultChain™ Gold and VaultChain™ Silver businesses expected to add to revenue in 2023 as...
2023-02-28 7:30 AM EST
Wellfield Announces $42 Million Preliminary Unaudited Revenue for Three Months Ended December 31st, +118% Compared to Q3
On track to continue growing through 2023 driven by growth at Wellfield Capital, increases in organic Coinmama.com traffic, early success with new user acquisition efforts, and efforts aimed to enhance monetization of Coinmama's over 3.5 million registered users. The Company expects gross margin in Q4 to be approximately breakeven, consistent with Q3 2022.Recently closed acquisition of Tradewind Markets expected to add to Revenue in 2023 as Wellfield opens access to VaultChain™ Gold and...
2023-02-10 7:30 AM EST
Wellfield Closes Acquisition of Tradewind Markets and Private Placement - Creates Transformational Platform for Precious Metals Investors and Producers
Making precious metals holdings easier to manage for investors through blockchain-based solutions, fully backed by deliverable physical metal custodied at the Royal Canadian Mint - ultimate in security, fungibility, and efficiency.Transforming gold and silver into income-generating assets through the application of Wellfield's proprietary IP, beginning with the decentralized fixed income and volatility products it launched in December 2022.Opportunity to create new distribution channels for...
2023-02-08 7:45 AM EST
Wellfield Announces Definitive Agreement to Acquire Tradewind Markets, Inc. and Private Placement
Toronto, Ontario--(Newsfile Corp. - January 23, 2023) - Wellfield Technologies, Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield"), today announced that, further to its press release dated December 21, 2022 it has signed a definitive agreement (the "Definitive Agreement") to acquire Tradewind Markets, Inc. ("Tradewind"), a US-based operator of a global digital precious metals platform (the "Transaction"). Tradewind's core products include VaultChain™ Gold and...
2023-01-23 7:30 AM EST
Wellfield Announces Letter of Intent to Acquire Leading Blockchain Based Precious Metals Platform and Provides Corporate Updates
Toronto, Ontario--(Newsfile Corp. - December 21, 2022) - Wellfield Technologies, Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield"), today announced that it has signed a non-binding letter of intent (the "LOI") to enter into an agreement to acquire a North American business that operates a blockchain-based, digital platform to manage title, custody, trade and settlement of physical precious metals for institutional clients (the "Proposed Acquisition Target"). Wellfield...
2022-12-21 7:45 AM EST
Wellfield Deploys Powerful Decentralized Volatility & Fixed Income Products Based on Uniswap Liquidity
Wellfield has deployed a novel ecosystem of smart contracts that create decentralized trading, hedging, and fixed income products with built in liquidity, directly connected to the billions of dollars of capital already deployed on Uniswap.This technology fills a significant market gap as institutional capital continues to move off centralized platforms and onto DEXs, like Uniswap, which generated over US$40 billion in volume in November 2022[1]. These new spot trading venues are limited by...
2022-12-13 7:45 AM EST