Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Stock Trend Capital Inc. (CSE: PUMP) (FSE: P0G) (OTC Pink: STOCF) (the "Company" or "Stock Trend") is pleased to announce that the Company has closed a transaction selling its interest in Alkaline Spring Inc. ("Alkaline") for net proceeds of approximately $1.3 Million. The Company originally invested in Alkaline in 2019 and the Company wrote down this investment in Alkaline to zero back in 2020.
Anthony Durkacz, Chief Executive Officer and Chairman of Stock Trend Capital commented: "We are thrilled to have managed to recover such a significant sum for an investment that the company had previously valued at nothing, demonstrating the diligence of management of unlocking value within our current portfolio."
About Stock Trend
Stock Trend Capital Inc. is an investment issuer primarily focused on the AI sector and the Canadian cannabis industry. The issuer intends to focus on investing in private and public entities with strong intellectual property, exceptional management and high growth potential that may be strategically positioned in the market.
On behalf of the Board of Directors of
STOCK TREND CAPITAL INC.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Anthony Durkacz
CEO, Director
Telephone: (416) 720-4360
Email: anthony@stocktrend.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are based on the opinions, assumptions, factors and estimates of management considered reasonable at the date the statements are made. The opinions, assumptions, factors and estimates which may prove to be incorrect.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others: general economic, market, or business conditions; uninsured risks; regulatory changes; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations, or statements made by third parties in respect of the Company or its financial or operating results.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232668
SOURCE: Stock Trend Capital Inc.
