"Freshlocal Solutions" has been adopted as the new name of our parent company - the entity from which our common shares are issued. The name Freshlocal Solutions ("Freshlocal") embodies our corporate mission of “using innovation and technology to reduce the environmental impacts while creating a safe and sustainable food ecosystem for everyone”. Our brands in grocery and eGrocery (Blush Lane, Be Fresh, SPUD.ca and FoodX) will continue unchanged.
No, not at all. Each of our businesses and their employees remain dedicated to sustainably and profitably delivering exceptional customer experiences every day.
Freshlocal's common shares will trade on the TSX under the ticker symbol "LOCL".
Freshlocal has now completed the steps necessary to list its common shares on the TSX. The shares are scheduled to be listed and begin to trade on Wednesday, April 21, 2021.
Our Transfer Agent is Computershare. Their contact details can be found in the Investor Relations section of our website.
Freshlocal is dedicated to its pursuit of new market and business opportunities, and our financial resources are focused on investment in our business to support these efforts. We currently have no plans to consider offering a dividend to investors.
eGMS stands for "eGrocery Management Solution", which is Freshlocal's SaaS-based technology platform which operates under the “FoodX” banner. We believe the FoodX eGMS is a highly prospective business segment, and we partner with global retailers of any size to offer a complete solution for logistics, automation and supply chain management for the eGrocery services.
Freshlocal's current business arrangement with its FoodX eGMS clients involves up-front fees paid for engineering and implementation, and long-term (estimated 5 to 7 years) recurring revenues calculated as a % of the sales handled by the eGMS.
Carrefour is a committed customer for the FoodX SaaS-based eGMS and efforts are well underway to deploy our eGMS in Carrefour's fulfillment facilities in Belgium. We expect implementation to be complete within calendar H1 of 2021.
The April 9, 2021 Filing Statement posted on SEDAR (see www.SEDAR.com) outlines the details regarding Carrefour's equity participation right.