As we’ve seen this year, the world of technology is not stopping or slowing down and Victory Square Technologies Inc. (CANADA: VST) (U.S.: VSQTF) (EUROPE: 6F6) seems to not only keep up, but stay ahead of this curve.
NFTs have officially hit the mainstream (nearly a decade from inception), with artists like Grimes and The Weeknd successfully monetizing on their own art and music.
Crypto, including Bitcoin, Ethereum and Dogecoin have all reached new all-time highs, complete with ongoing, unprecedented institutional support (with BTC and ETH, that is).
Electric vehicles are becoming the norm, with automaker giants adopting to the earth-friendly movement. Solar energy is slowly making its way to market domination.
With the world advancing so rapidly, it’s difficult to even know about ‘the next big thing’, let alone invest accordingly.
Luckily, we have VST to help us diversify into the ever-changing future with the click of a button. Or, if you’re bullish on their public subsidiaries, a few buttons.
Here we are again to give you the latest on what this venture capital juggernaut is up to.
Next Decentrum
As a parent, it’s very fulfilling to see your children working together.
By that thread, as a parent company, having your two subsidiaries work together to launch a disruptive business must be an absolute pleasure.
Next Decentrum Technologies, an online learning platform, has partnered up with Cloud Nine Web3 Technologies (CANADA: CNI) (U.S.: CLGUF) (EUROPE: 1JIO) to launch a platform that is enabling artists and content creators to achieve a reliable source of revenue through NFT products and managed services.
This follows a strategic move on behalf of both companies, which saw the release of an educational platform and several educational programs. Among them are The Quick & Dirty Guide to Blockchain and The Quick & Dirty Guide to NFTs.
The goal of this partnership is to enable creators to utilize blockchain innovations such as NFTs as a reliable, measurable, and manageable source of revenue. Their programs involve fully managed software solutions and educational products that empower their clients to take advantage of the disruptive innovations making their way into our world.
Since 2018, Next Decentrum has made several strides over the course of their mission, including:
- Built blockchain education programs including The Quick & Dirty Guide to Blockchain and The Blockchain Business Masterclass.
- Managed the development and delivery of the education program “LAUNCH”, one of North America’s top tech hubs and startup incubators with over 6000 founders incubated, and 500 startups that have collectively raised more than $730 million.
- Built content platforms and technology products.
- Developed and delivered premier blockchain education programs for “Informa”, the world’s largest events producer, creating several thousand events annually and welcoming 150,000 delegates from over 70 countries.
From March 20 to April 30, over US$216 million art was sold on the NFT market. This accounted for over 50% of all NFT volume, according to data from NonFungible.com. Reports from Statista show that the global art market that Next Decentrum (and Cloud Nine Web3, through this partnership) are disrupting is worth over US$67 billion.
The products & managed services provided by Next Decentrum include:
- Fully customizable blockchain education products
- Fully customizable white label NFT marketplace
- End-to-end managed NFT production and deployment
- End-to-end managed blockchain education
“Beyond the hype, NFTs are fundamentally a technology innovation that solves problems affecting the music, art, and content creation industries,” said Hussein Hallak, CEO of Next Decentrum. “Through this initiative, we aim to help artists and content creators capitalize on the unique opportunity made possible with the intersection of education and technology.”
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Stardust Solar
Welcome a new addition into the VST family.
A binding letter of intent (LOI) was signed for VST to invest in Stardust Solar, a renewable energy company operating in both Canada and the U.S.
Incepted in 2017, Stardust Solar is one of the first companies in North America to utilize franchising when installing solar photovoltaic (PV) systems. They provide hands-on training for design and installation of their solar PV systems, which is approved by North American Board of Certified Energy Practitioners (NABCEP) and the Canadian Standards Association (CSA).
Did you know?: Photovoltaic (PV) materials and devices convert sunlight into electrical energy.
A quick background on Stardust Solar:
- Recently acquired the Canadian Solar Institute.
- Have a solar network of over 2000+ trained professionals in Canada and USA (all trained and certified in renewable energies).
- Provide training courses in Solar PV Installation, EV Charger Installation, Solar Hot Water, Wind Energy, and Wave Energy.
- Have CSA and NABCEP accredited training for those entering the renewable energies industry.
- Have successfully innovated their Solar PV Installation Franchise Model (developed in conjunction with Dale & Lessmann LLP, a leading franchise law firm).
The current franchise territories sold or reserved are:
- Vancouver GVRD, Kamloops, BC, Victoria, BC, Prince George, BC, Edmonton, AB, Barrie/Muskoka, ON, Halifax, NS, and Regina, SK.
- Have two future proprietary products in development:
- Environmental Panels (Generate Energy from Sun and Raindrops)
- Clothing made from Solar Cells
- Stand by their environmental pledge to plant 10 trees in a country affected by deforestation for every solar panel installed, and 25 trees for every solar student certified.
“We are very excited to be investing in Stardust Solar. This strategic investment aligns with our Company’s vision of working with technology and sustainability influencers as we endeavour to eradicate damage to our environment and create a more sustainable and eco-friendlier footprint,” said VST CEO Shafin Diamond Tejani. “And, it’s not just an environmental issue, it’s an economic opportunity as well. Good innovation investing focuses on technologies and companies that are likely to have a positive impact on the environment, our society, and the world’s ability to create further innovations.”
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Financials
Before we leave off, we should probably touch up on the financial side of things.
Let’s first peek at their entire fiscal year of 2020.
Year ending Dec 31, 2020:
2020 Net Income: $19,733,031
2019 Net Income: ($8,917,573)*
2020 VS 2019: +$28,650,604
2020 Earnings Per Share (EPS): $0.30
2019 Earnings Per Share: ($0.10)*
2020 VS 2019: +$0.40
Three-month period ending Dec 31, 2020 (AKA Q4)
2020 Net Income: $8,462,951
2019 Net Income: ($5,148,592)*
2020 VS 2019: +$13,611,543
2020 Earnings Per Share (EPS): $0.11
2019 Earnings Per Share: ($0.07)*
2020 VS 2019: +$0.18
Brackets indicate a negative report, so ($1.00) would represent a loss of $1.
Generally speaking, going from the red to the green is usually a good sign. VST has successfully brought many of its subsidiaries to scale with its expertise and been able to cash out to provide shareholder value as the companies’ valuations increase as the company develops and, eventually, hits the market. A positive EPS for a venture capital company is rare, and often unheard of… kind of like a unicorn.
“I am very pleased with our year-end results; we are well-funded, have a solid portfolio, a strong team and a robust pipeline of catalysts to continue this aggressive growth trajectory. We are confident that this momentum will continue in 2021 and beyond. We’d like to thank our loyal shareholders and look forward to the next phase of this exciting journey,” reported CEO Shafin Diamond Tejani.
Disclaimer: Victory Square Technologies is a communications client of Edge Investments, and we own shares in the company.
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