Mr.
Sheldon Inwentash reports
THREED CAPITAL INC. RELEASES RESULTS FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2023
ThreeD Capital Inc. has released its unaudited results as at and for the three and nine months ended March 31, 2023.
As at March 31, 2023, the company had cash, investments and digital assets of $37.5-million.
As at March 31, 2023, net asset value per share was 78 cents as compared with $1.06 as at June 30, 2022.
Sheldon Inwentash, chairman and chief executive officer of ThreeD, stated: "During the past nine months, the company has maintained a net realized gain on the disposal of investments, while operating in unfavourable market conditions. As high inflation and interest rates continue to contribute to volatile market conditions, ThreeD's approach to harnessing strategic relationships, that lead to opportunistic investments, will enable the company to navigate through a challenging environment and maximize value on its investments. The company is seeing early signs of success on its recent digital asset investments that we believe will provide ThreeD with strong future returns and lead to significant opportunities for the company to meet its long-term objectives."
About ThreeD Capital Inc.
ThreeD is a publicly traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early-stage, promising companies where it may be the lead investor, and can additionally provide investees with advisory services and access to the company's ecosystem.
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