VANCOUVER, BC, Feb. 10, 2021 /CNW/ - LEAF Mobile Inc. (TSX:
LEAF) ("LEAF" or the "Company") is pleased to provide
the following update in relation to year-to-date highlights to
coincide with the company's graduation to Toronto Stock Exchange
("TSX") and resumption of trading.
Highlights:
- LEAF commences trading on TSX February
10, 2021 and is scheduled to participate in the virtual
market open ceremony on February 18,
2021 to celebrate LEAF's graduation to TSX.
- Two of LEAF Group's studios awarded App
Annie's Level Up Top Publisher Awards 2021 for top 10
publishers based in Canada by
worldwide revenue.
- Completed the $159M acquisition
of East Side Games Inc. ("ESG"), previously announced on
February 5, 2021, creating
Canada's largest publicly traded
mobile gaming company.
Darcy Taylor, CEO of LEAF
commented:
"We've had an incredible start to the year closing a
$23M public offering, closing a
$159M acquisition of ESG, naming 4
new board members, and having both our studios be recognized by
App Annie as top Canadian
publishers, all in the last week. Our momentum continues this week
as we reach another milestone with our graduation to the TSX.
The acquisition of ESG establishes LEAF as the largest Canadian
publicly traded mobile game company. Combined with LEAF's TSX
graduation, this provides for greater awareness and access to
capital to support LEAF's growth strategy. Our new board members
bring robust skills and experience that will serve as valuable
resources as our company continues to grow.
We believe ESG's entrepreneurial mindset, that has driven their
success, will fit perfectly with LEAF's decentralized
organizational structure. Our studios are independently operated by
local teams with governance and services supported by LEAF.
We expect the mobile game industry to continue to be dynamic and
are looking forward to being a big part of that as our studios
launch exciting games throughout the year."
Jason Bailey, CRO of LEAF and
founder of ESG commented:
"The founders of ESG are extremely excited to take this massive
next step in our journey. We worked hard since 2011 to build a
company we are very proud of from a cultural, technological and
industry vantage. Now with this merger of assets with LEAF, we are
poised to become much more than a mobile game company. We have a
great set of assets in our publishing catalog, but the real
opportunity lies in the IdleKit platform and partnerships we are
developing. As far as we have come, we are just getting
started."
EAST SIDE GAMES ACQUISITION
With the completion of the $159M
acquisition of East Side Games Inc (previously announced on
Feb. 5, 2021), an award-winning
Canadian game studio joins the LEAF Group.
East Side Games will continue to be led by Josh Nilson, whose stewardship has empowered the
studio to garner many other awards over its history, including "Top
50 Mobile Game Makers 2020" from Pocket Gamer Biz, and "Top 400
Canada's Top Growing Companies: 2020" from The Globe and Mail
Report, 2020.
East Side Games, founded in 2011, has become the most recognised
independent developer and publisher of free to play mobile games
with a track record of over a decade of producing successful
titles. Headquartered in Vancouver,
British Columbia, they have focused on making the best
narrative idle games in the business, and creating technology
platforms for developers to tell amazing stories.
East Side Games, and their 120+ employees, strongly believe in
community-driven design, making games built for fans by fans, and
having the best culture around. Their games and their team have the
same goal; to be inclusive and for everyone.
RECENT AWARDS
We are pleased to announce that LEAF Group studios, ESG and
LDRLY (Technologies) Inc. ("LDRLY"), were both recently
awarded App Annie's Level Up Top
Publisher Award 2021 for top 10 publishers based in
Canada by worldwide revenue.
Each year since 2012, App Annie
recognizes the most innovative and successful companies on mobile
from around the world. The awards include best-in-class global and
regional categories including Gaming, Streaming, Food & Drink,
Finance, Shopping, Entertainment, Health & Fitness, and Photo
& Video.
App Annie is the industry's most trusted mobile data and
analytics platform.
VIRTUAL MARKET OPEN CEREMONY AND GRADUATION TO TSX
LEAF to participate in the virtual market open ceremony
scheduled for February 18, 2021 to
celebrate LEAF's graduation to TSX which commences on February 10, 2021. The TSX ceremony
will be broadcast on its digital display in downtown Toronto as well as in the TSX
studio.
As previously noted in the release dated February 5, 2021, LEAF has voluntarily delisted
its common shares from the TSX Venture Exchange ("TSXV") to
coincide with the commencement of trading of its common shares on
the TSX.
About LEAF
LEAF Mobile Inc. (TSX:LEAF) is a leading free-to-play
mobile game group, creating engaging games that produce enduring
player loyalty. Our studio groups entrepreneurial culture is
anchored in creativity, execution, and growth through a diverse
portfolio of original and licensed IP mobile games that include:
Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech &
Chong Bud Farm, The Goldbergs: Back
to the 80s, It's Always Sunny: The Gang Goes Mobile and Trailer
Park Boys Grea$y Money.
We are headquartered in Vancouver,
Canada and our games are available worldwide on the App
Store and Google Play. For further information, please visit:
www.leafmobile.io and join our online communities at LinkedIn,
Twitter, Facebook, and Instagram.
Additional information about LEAF Mobile Inc. is available at
www.sedar.com.
SOURCE Leaf Mobile Inc.
