Victory Sq. Portfolio Firm, Hydreight Applied sciences Inc. Declares Begin of Buying and selling On The TSX Enterprise Trade

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VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) — Victory Sq. Applied sciences Inc. (“Victory Sq.” or “VST”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is happy to announce that its portfolio firm, Hydreight Applied sciences Inc. (previously Perihelion Capital Ltd.) (“Hydreight” or the “Firm”) (TSXV: NURS) has acquired last approval for its qualifying transaction as principally described in its submitting assertion dated November 10, 2022, from the TSX Enterprise Trade (the “TSXV”) and its frequent shares have commenced buying and selling on the TSXV underneath the image ‘NURS’ efficient at market open on December 1, 2022.

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“The VST enterprise mannequin is targeted on figuring out alternatives early, mitigating threat and creating outsized returns. However the final objective is to search out an outlier (or outliers) inside these investments. And, we consider that Hydreight is that outlier,” mentioned VST CEO Shafin Diamond Tejani. “I’m delighted for Shane and your complete workforce at Hydreight, that is an opportune time for Hydreight to proceed its exponential progress and likewise present worth to VST and our shareholders as our newest incubated firm to publicly record on the TSX-V.”

The general public itemizing of Hydreight on the TSX-V follows the profitable acquisition of Hydreight by the VST in February 2021 for an combination buy value of USD $1,600,000. Hydreight then entered right into a Definitive Settlement to Full a Qualifying Transaction With Perihelion Capital Ltd. in July 2022 for a deemed transaction worth of $22,575,000, of which roughly 78% is attributed to Hydreight and roughly 22% is attributed to PCL. On itemizing, Hydreight may have 37,842,847 frequent shares excellent and VST will personal roughly 73.72% of the issued and excellent frequent shares of Hydreight Applied sciences Inc.

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About Hydreight

Hydreight’s enterprise was based in April, 2018, within the State of Nevada, United States to fill an ever evolving void between sufferers, healthcare professionals and repair advisors, and bridge the hole between the company observe of drugs, authorized compliance and buyer comfort. Hydreight’s licenses, medical director providing, and know-how permit med-spas in addition to healthcare professionals, resembling nurses, to have the ability to provide their providers, which incorporates IV drip, Botox, COVID-19 testing, and different medical and medispa therapies all within the consolation of residence or at some other location of the client’s alternative (such because the workplace, accommodations, or different areas outdoors of hospitals and medical clinics). Hydreight goals to be a one cease store for service suppliers to monetize their credentials outdoors of a hard and fast setting resembling a hospital or medical clinic.

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Hydreight presently presents its cell and telehealth medical providers in 42 U.S. states and has established key relationships and provide community chains with main distributors together with: Medline, Mckesson, Allergan (Botox), Galderma and quite a few pharmacies. Hydreight goals to empower pharmacies to supply their merchandise to service suppliers in a direct and simply accessible method.

Hydreight had secured grasp vendor contracts with strategic 503B compounding pharmacies to facilitate the providing of its platform in all 50 states of america. Hydreight is appearing as an Uber for nurses that may provide their providers on an element time or full time foundation on to sufferers, permitting shoppers to e book appointments on-line, in individual or via telehealth platforms with licensed and registered well being professionals.

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In 2021 Hydreight welcomed roughly 101 new enterprise companions, and in 2022, Hydreight has obtained roughly 537 new enterprise companions as of the top of October, and expects to acquire an combination of 725 new enterprise companions by the top of the 12 months (an approx. 606% Progress Fee in YOY new enterprise associate sign-ups).

“We couldn’t be extra thrilled to start buying and selling on the TSXV,” Hydreight CEO Shane Madden mentioned. “It is a main step for the expansion of our firm as we proceed to supply enterprise companions, service suppliers, medspas, amenities and vendor companions with interactive, accessible, cell well being and wellness providers throughout america.”

Further info relating to Hydreight might be seen on its web site at www.hydreight.com.

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On behalf of the Board of Administrators
Shafin Diamond Tejani
CEO and Director
Victory Sq. Applied sciences

For additional details about Victory Sq., please contact:

Investor Relations Contact – Abbey Vogt
E-mail: [email protected]
Phone: 604 283-9166

Peter Smyrniotis – Director
Phone: 604 283-9166

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Sq. (VST) builds, acquires and invests in promising startups, then gives the senior management and assets wanted for fast-track progress. VST’s candy spot is cutting-edge tech that’s shaping the 4th Industrial Revolution. Our company portfolio consists of 25+ international corporations utilizing AI, VR/AR, and blockchain to disrupt sectors as various as fintech, insurance coverage, well being and gaming.

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What we do otherwise for startups

VST isn’t your strange investor. With actual pores and skin within the sport, we’re dedicated to making sure every firm in our portfolio succeeds. Our secret sauce begins with deciding on startups which have actual options, not simply concepts. We pair you with senior expertise in product, engineering, buyer acquisition and extra. Then we allow you to do what you do greatest — construct, innovate and disrupt. In 24-36 months, you’ll scale and be able to monetize.

What we do otherwise for traders

For traders, we provide early-stage entry to the subsequent unicorns earlier than they’re unicorns. Our portfolio represents a uniquely liquid and safe method for traders to get entry to the newest cutting-edge applied sciences. As a result of we concentrate on market-ready options that scale shortly, we’re capable of present robust and secure returns whereas additionally tapping into rising international developments with large upsides.

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Victory Sq. integrates a powerful ESG (environmental, social and company governance) element all through its operations. Our portfolio highlights minority entrepreneurs, usually neglected by conventional traders, together with many from creating international locations. We’re additionally devoted to giving again to the communities through which we serve and function. The Firm’s mandate is to help organizations via its time, expertise and treasure. The Firm is dedicated to organizations that present providers within the youth, psychological well being, particular wants, sport, tech, schooling, marginalized teams, First Nations, and accessibility sectors.
VST is a publicly-traded firm headquartered in Vancouver, Canada, and listed on the Canadian Securities Trade (VST), Frankfurt Trade (6F6) and the OTCQX (VSQTF).

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For extra info, please go to www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Trade, or CSE, is operated by CNSX Markets Inc. Acknowledged as a inventory alternate in 2004, the CSE started operations in 2003 to supply a contemporary and environment friendly various for corporations trying to entry the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This information launch accommodates “forward-looking info” throughout the which means of relevant securities legal guidelines regarding the outlook of the enterprise of Victory Sq. and its portfolio corporations, together with, with out limitation, statements regarding future efficiency, execution of enterprise technique, future progress, enterprise prospects and alternatives of Victory Sq. and its associated subsidiaries and portfolio corporations, together with these gadgets listed underneath the heading “Web Asset Worth (“NAV”) Replace”, “Notable Portfolio Highlights” and different elements past our management. Such forward-looking statements might, with out limitation, be preceded by, adopted by, or embody phrases resembling “believes”, “expects”, “to be”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “challenge”, “potential”, “attainable”, “ponder”, “search”, “objective”, “aims”, “outlook” or comparable expressions, or might make use of such future or conditional verbs as “might”, “may”, “will”, “might”, “ought to” or “would”, or might in any other case be indicated as forward-looking statements by grammatical building, phrasing or context. All statements aside from statements of historic information contained on this information launch are forward-looking statements. Ahead-looking info relies on sure key expectations and assumptions made by the administration of Victory Sq.. Though Victory Sq. believes that the expectations and assumptions on which such ahead trying info relies are cheap, undue reliance shouldn’t be positioned on them as a result of Victory Sq. can provide no assurance that they are going to show to be appropriate. Though Victory Sq. believes that the expectations mirrored in forward-looking statements on this press launch are cheap, such forward-looking statements has been primarily based on expectations, elements and assumptions regarding future occasions which can show to be inaccurate and are topic to quite a few dangers and uncertainties, sure of that are past the Victory Sq.’s management, together with, however not restricted to, the chance elements mentioned within the steady disclosure supplies of the Victory Sq. which can be found underneath the Victory Sq.’s profile on SEDAR at www.sedar.com. The forward-looking statements contained on this press launch are expressly certified by this cautionary assertion and are made as of the date hereof. Precise outcomes and developments might differ materially from these contemplated by these statements. The statements contained on this information launch are made as of the date of this information launch. Victory Sq. disclaims any intent or obligation to replace publicly any forward-looking info, whether or not on account of new info, future occasions or outcomes or in any other case, aside from as required by relevant securities legal guidelines.

The Canadian Securities Trade has neither accepted nor disapproved the contents of this information launch and accepts no accountability for the adequacy or accuracy hereof.