ROGERS, Ark., April 7, 2025 /PRNewswire/ — Engine, a leading omni-analytics and data science firm, today announced the launch of Auto Insights Engine, an “always-on AI analyst” that continuously monitors data to detect shifts in trends, uncover root causes, and surface proactive, actionable insights for CPG and Retail.

Traditional reporting requires teams to manually search for insights, often leading to delayed reactions to critical changes. Auto Insights Engine solves this challenge by acting as a 24/7 analyst, an additional resource that helps teams quickly identify what changed, why it happened and the recommended course of action.

How Auto Insights Engine Works

Proactive Monitoring: Provides round-the-clock analysis, ensuring teams proactively respond to emerging trends and opportunities before they impact performance.

Root Cause Identification: Uses a sophisticated AI-powered decision tree to uncover potential drivers of sales fluctuations, including pricing and inventory changes, assortment shifts and external market factors.

Automated Intel Briefing: Delivers an action list through the Engine Data Platform and via email, alerting teams to critical changes, root causes, and potential business impacts.

Engine AI Assistant: With a Gen AI-powered assistant, teams can explore their results through interactive conversations, uncovering deeper insights and context behind the data shifts detected by the Auto Insights Engine.

Use Case: How Auto Insights Engine Quantified Millions in Missed Sales Due to Pricing and Shelf Space Shifts

Detect Changes in Trends

A leading snack manufacturer had spent weeks trying to determine what was causing a sudden decrease in sales the month prior. They engaged Engine to help, who turned on Auto Insights Engine and within hours of being briefed, the key drivers behind the sudden performance changes were uncovered. The AI-powered tool scanned millions of data points, and it alerted the team to two critical shifts:

A 15% decline in sales across 130,000 points of distribution.An 11% decline in sales across an additional 100,000 PODs during the same period.

Analyze the Root Cause

With these trends identified, the Auto Insights Engine immediately investigated the potential root causes by analyzing fluctuations in drivers such as out-of-stocks, promotions, shelf capacity, and price changes. It uncovered two key findings:

Price: The 15% decline in sales correlated with a 21% price increaseShelf Space: The 11% drop in sales across the other PODs was tied to a 45% reduction in shelf capacity.The deleted facings made way for the introduction of new items and while the new items were trending upward in sales, they were delivering significantly less revenue than what was lost sales from the reduced facings of core items.

Recommendations

The Auto Insights Engine not only detected these operational shifts, but it also quantified their direct business impact with precision. Armed with these insights, the manufacturer can take targeted steps to recover revenue and protect valuable shelf space. With Auto Insights Engine, the manufacturer can keep Auto Insights Engine running to continuously scan millions of data points to identify and turn unsurfaced problems into actionable insights with speed.

About Engine

Engine is the leading omni-analytics and data science firm enabling CPGs and retailers to transform their data into actionable insights for smarter decisions that drive sales and optimize operations.

Seamlessly connecting real-time POS, inventory and syndicated data from top retailers and distributors, Engine gives its clients unparalleled access to their data through customizable reports and an interactive data platform.

With Engine’s AI-powered data science solutions teams can swiftly identify emerging challenges, unlock hidden opportunities, and implement data-driven strategies.

For more information, please contact: josephine.hardy@engine.net

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SOURCE Engine

/NOT FOR DISTRIBUTION IN THE USA/

LONDON, April 7, 2025 /CNW/ – The Financial Times has named Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or “Company”) (TSXV: DPF) to its list of ‘The Americas’ Fastest Growing Companies 2025′. Dr. Phone Fix, a multiple award-winning growth leader in Canada’s cell phone repair and resell industry, joins the Financial Times’ 6th annual list, which in past, has included Amazon, Tesla, Zoom, Door Dash, Pfizer, Shopify and Lululemon. The list can be viewed on its website – FT.com. The listing is also due to be published in a special supplement in the Financial Times later this month.

The ranking of growth companies is based on their Compounded Annual Revenue Growth (CAGR) over a three-year period from 2020 to 2023.

Dr. Phone Fix posted an Absolute Growth Rate of 366.4% and an 67.1% Compound Annual Growth Rate (CARG). Dr. Phone Fix is #121 on the list of 300 companies. Forty-eight companies are based in Canada. The list includes countries in both North and South America.

“We’re excited to be included in rankings by a distinguished business financial publication like the storied Financial Times. It reflects our vision, leadership and execution and is a tribute to our exceptional hard working and talented employees. I am also grateful to our loyal customers, more than 27,000 who have posted positive online reviews. They have made this growth possible,” says Dr. Phone Fix founder and CEO, Piyush Sawhney.

Dr. Phone Fix is a Canadian awards leader which is a two-time winner of the Globe and Mail prestigious list of Canada’s growth leaders including ranking it as # 10 nationwide with a three-year growth rate pegged at 3055%.

The Company is the winner of eight gold trophies announced at International Business Awards galas in London (2022), Rome (2023) and Istanbul in (2024) and has shared the world’s award stage with BMO, Bell, TELUS and Canadian Tire.

The Financial Times engaged the international data research company, Statista, to compile these rankings.

About Dr. Phone Fix

DPF is an award-winning, eco-friendly, customer-centric growth leader in Canada’s cell phone and electronics repair and pre-owned resale industry. Founded in 2019, DPF operates a nationwide network of 35 corporately owned cell phone and electronics repair stores. In addition to its repair services, DPF sells certified pre-owned devices and a wide selection of accessories. DPF has well established networks to acquire and resell a wide variety of used and refurbished electronic devices from certified vendors.

Dr. Phone Fix is traded on the TSX Venture Exchange under the symbol “DPF”

For more information visit: https://www.docphonefix.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: “intend”, “believe”, “estimate”, “expect”, “may”, “will” and similar references to future periods. Examples of forward-looking information include, among others, the future plans of the Company, the expected trading date of the Resulting Issuer Shares on the TSXV, as well as information relating to the Company. Although the Company believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks (i) that the future plans of the Company may differ from those that currently are contemplated; and (ii) that the expected trading date of the Resulting Issuer Shares may change. Additional risks include those disclosed in the Filing Statement, which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

www.docphonefix.com 

SOURCE Dr. Phone Fix

 Acquisition expected to bring EMERGE to cash flow positive

Tee 2 Green Ltd. (“T2G”) generated revenue of $6.4M, Adjusted EBITDA(1) of $1M, and net income of $700K in 2024 (unaudited)Purchase price of $2.2M, including $1.1M cash, $900K deferred consideration over a 5-year payment plan, and $200K in EMERGE shares issued at $0.065/ share (180-day escrow)In 2024, combined revenue (EMERGE + T2G) exceeded $25M with positive Adjusted EBITDA (1)EMERGE’s portfolio now includes 4 brands across 2 verticals:Grocery: truLOCAL (Meat & Seafood Subscription)Golf: UnderPar, JustGolfStuff, and Tee 2 GreenAlongside the Transaction, EMERGE entered into an amended credit facility with its existing lender offering an up to 24-month termWebcast: EMERGE CEO and Golf COO to host virtual webcast on Thursday, April 10, 2025 at 11.00am ET (Register Below)

TORONTO, April 7, 2025 /CNW/ – EMERGE Commerce Ltd. (TSXV: ECOM) (“EMERGE” or the “Company”), a premium e-commerce brand portfolio, is pleased to announce that it has closed the acquisition of all the issued and outstanding shares of Tee 2 Green Ltd. (“T2G”), effective April 4 (the “Transaction”).

Ghassan Halazon, founder and CEO of EMERGE commented, “The acquisition of Tee 2 Green marks the beginning of our next chapter at EMERGE which entails combining our organically growing business with this accretive, profitable, bolt-on acquisition, at favorable terms, and immediate synergies with our golf brand portfolio. On behalf of the EMERGE team, we would like to extend a warm welcome to the dedicated Tee 2 Green staff joining us on this journey.”

T2G is a profitable, discount golf apparel and equipment business with a 38-year track record of operations, focused on the Canadian market. T2G achieved revenue of $6.4M, Adjusted EBITDA(1) of $1M and net income of $700K in 2024 (unaudited). T2G is based in Ontario, Canada and was founded in 1987 by Robert J. Fell, who will continue to support T2G under EMERGE in his capacity as a consultant. T2G has a diversified revenue stream comprising two retail stores, dozens of roadshows, an online store, and a private label golf apparel brand, NORTHERN SPIRIT.

Immediate Synergies

T2G will benefit from EMERGE’s extensive golf business, which includes UnderPar and JustGolfStuff, an organically growing and profitable vertical for EMERGE in 2024. T2G and EMERGE’s golf business already have a multi-year history of partnership and collaboration. EMERGE expects to utilize its 400,000+ golf subscriber database to help scale T2G’s business cost-effectively.

“We have seen great success with JustGolfStuff, our golf apparel and products business that we have grown nearly 10x over the last 5 years since acquiring it alongside UnderPar in late 2019. We already work closely with T2G, and the teams are intimately familiar and collaborative, thus reducing operational risk. The addition of T2G, expands our strategic golf roadmap which will now include discounted golf experiences, apparel, and products, both online and offline,” commented Maurice Finn, COO of EMERGE’s Golf business.

Acquisition Funded with Cash on Hand

Given EMERGE’s recently bolstered cash position from the sale of the SHOP domains to Shopify (TSX: SHOP) and the sale of the Carnivore Club assets announced in January 2025, as well as the flexible deal structure negotiated with T2G, the Company closed the transaction utilizing existing cash on hand.

Transaction Overview

Pursuant to the Agreement and in consideration for the Transaction, EMERGE paid T2G cash consideration of $1.1M on closing of the Transaction (“Closing”), and will pay $900K in deferred cash consideration over a 5-year period.

EMERGE has issued 3,076,923 common shares in the capital of EMERGE (the “Common Shares” and the Common Shares issued pursuant to the Transaction, the “Compensation Shares”) at a deemed price of $0.065 per Compensation Shares, with the aggregate approximate value of $200,000. All shares issued in relation to the Transaction are subject to a four months hold period pursuant to securities laws and additional restrictions from trading for 180 days from date of issuance pursuant to contractual lock ups.

As part of the transaction, EMERGE has also acquired approximately $2.4M inventory, over an 8-year payment plan. At December 31, 2024, T2G had total assets of $5.3M (including $2.9M in inventory) and total liabilities of $1.1M. Prior to the Closing, T2G has deposited $200,000 in a redeemable guaranteed investment certificate for a one-year term sold by the Royal Bank of Canada (the “GIC”). The parties agreed that on maturity of the GIC, the aggregate amount of the GIC (being principal plus interest) will be paid to the vendors.

No finder’s fees are expected to be paid in connection with the Transaction.

All conditions precedent to the completion of the Transaction have been satisfied, including receipt of TSXV approval,

The Transaction constituted an Expedited Acquisition in accordance with Policy 5.3 of the TSX Venture Exchange.

Go Forward Business

Following the Transaction, EMERGE retains 4 brands across 2 main verticals. truLOCAL is our flagship grocery brand, a Canadian meat and seafood subscription service, and the golf vertical, which now includes UnderPar, JustGolfStuff, and Tee 2 Green.

T2G is expected to substantially enhance the Company’s revenue, profitability and cash flow profile, and in the process, strengthen its balance sheet, and potentially improve its cost of capital over time.

Amended Credit Facility

Alongside the Transaction, the Company has also entered to enter into a first amendment (the “Amended Facility”) to the second amended and restated credit agreement dated January 31,2024 with its existing lender, which amends the Company’s current credit agreement.

The Amended Facility provides an 18-month extension, and an additional 6-month extension option provided that lender consent is obtained. Inclusive of the 6-month extension, the Amended Facility would mature in April 2027. The Company remains in good standing with existing lender, which it has worked with since November 2019.

The interest rate on the principal amount owing under the Amended Facility remains variable rate, unchanged at the greater of 9% per annum and the TD Prime Rate + 6.55% per annum.

“We are pleased to see our lender continue to support our progress and plans over the next 18-24 months, including the accretive acquisition of T2G. We intend to use this extended facility term to continue to drive organic growth, which we have achieved for 3 consecutive quarters, along with improved profitability and cash flow. As this is a variable-rate credit facility, the recent and anticipated interest rate cuts are expected to result in substantial interest savings, and in turn, enhance cash flow, in addition to the significant improvements expected from T2G’s positive contribution,” continued Halazon.

Webcast Details

EMERGE management will be hosting a virtual webcast on Thursday, April 10, 2025 at 11.00am EST to discuss the Company’s recent acquisition, operational progress and upcoming plans. Registration details below:

Register: 
https://us06web.zoom.us/webinar/register/WN_oTHpkLGuTVaB7hGY0PI-Ow

Webinar (Zoom) ID: 832 9097 9100

Passcode: 015854

About EMERGE

EMERGE is a premium, Canadian e-commerce brand portfolio. Our subscription, marketplace, and retail businesses provide our members with access to offerings across our grocery and golf verticals. truLOCAL is our flagship Canadian meat and seafood subscription service, connecting local farmers with a health-conscious audience. Our golf vertical includes our discounted tee-times/ experiences brand, UnderPar, and our discounted golf apparel and equipment brands, JustGolfStuff and Tee 2 Green.

Follow EMERGE:
LinkedIn | X | Instagram | Facebook 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Non-GAAP Measures

This press release makes reference to certain non-GAAP measures. These non-GAAP measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the financial information of the Company reported under IFRS. Adjusted EBITDA should not be construed as an alternative to net income/loss determined in accordance with IFRS. Adjusted EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers.

Adjusted EBITDA as defined by management means earnings before interest and financing costs, income taxes, depreciation and amortization, transaction costs, foreign exchange gains/losses, discontinued operations, unrealized gains/losses on contingent consideration and share-based compensation. Management believes that Adjusted EBITDA is a useful measure because it provides information about the operating and financial performance of EMERGE and its ability to generate ongoing operating cash flow to fund future working capital needs and fund future capital expenditures or acquisitions.

Notice regarding forward-looking statements

This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including, without limitation, statements related to the closing of the Transaction and the timing thereof, the satisfaction of all conditions precedent to the closing of the Transaction, including, without limitation, TSXV approval in respect of the Transaction, any benefit that may be derived by the Company from the Transaction, including, without limitation, any material benefit to the working capital or financial position of the Company as a result of the Transaction, expectations regarding cash flow both as a result of the Transaction and in general, as well as other statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. There is no guarantee the Transaction will be completed as contemplated or at all, and the forward-looking information contained herein is based on the assumptions of management of the Company as of the date hereof including, without limitation, assumptions with respect to the financial position, cash flow, and working capital of the Company, the ability of the Company to obtain TSXV approval for the Transaction and the satisfaction of any other conditions thereto, and the conditions of the financial markets and the e-commerce markets generally, among others. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including risks related to the disposition of a operating business by the Company, risks that the benefits derived from the Transaction may not be as expected or that the Company may not see any benefit from the Transaction, risks that each party to the Agreement may not satisfy its obligations or covenants, risks that the Company may be subject to litigation as a result of the Transaction including allegations of misrepresentation or breach of conditions or covenants, risks that the TSXV may not approve the Transaction, as well as the risk factors discussed in the Company’s MD&A, which is available through SEDAR+ at www.sedarplus.ca. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

On Behalf of the Board
Ghassan Halazon
Director, President, and CEO
EMERGE Commerce Ltd.

SOURCE Emerge Commerce Ltd.