Facedrive provides new information on company operations following OSC request
Toronto-based ride-sharing company Facedrive recently provided what it called “clarifying information” on its acquisitions and projects launched in the third and second quarters of 2020.
Facedrive claimed to be providing the information after being requested to do so by the Ontario Securities Commission’s Corporate Finance Branch as part of a continuous disclosure review that dates back to 2020.
The recent clarifications come in the wake of two reports questioning Facedrive’s valuation, leadership, and purported growth.
The company statement notes Facedrive was requested to provide “clarifying information” about its Foodora asset acquisition, the HiRide acquisition, a consulting agreement with US medical device company Medtronics as well as the status of Facedrive’s early stage and non-revenue generating “projects” during fiscal Q2 and Q3 2020.
Facedrive” or the “
Company”) (TSXV:FD) (OTCQX:FDVRF), a Canadian “people-and-planet first” tech ecosystem is pleased to provide this general corporate update and growth report as at the completion of the first fiscal quarter of 2021.
Facedrive is a multi-faceted “people-and-planet first” tech ecosystem offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. As part of this commitment, Facedrive’s vision is to fulfil its mandate through a number of services and offerings that either leverage existing technologies of the Company or project initiatives with existing lines of business. Facedrive’s services and offerings include: (i) its eco-friendly rideshare business, Facedrive Rideshare; (ii) its food delivery service, Facedrive Foods; (iii) its contact-tracing and connected health services business, Facedrive Health; (iv) its e-commerce platform, Facedrive Marketplace; and (v) its e-
Facedrive Announces Changes to Board of Directors and Executive Team
Facedrive Inc. a Canadian “people-and-planet first” tech ecosystem, today announced changes to the composition of the Company’s board of directors and the Company’s executive team. On April 7, 2021, the Company appointed two new members to the Board, each of whom bring a wealth of experience and talents. The new members of the Board are Susan Uthayakumar and Suman Pushparajah . Concurrent with these … Facedrive Inc. (“ Facedrive ” or the “ Company ”) (TSXV:FD), (OTC:FDVRF), a Canadian “people-and-planet first” tech ecosystem, today announced changes to the composition of the Company’s board of directors (the “
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