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TORONTO, June 24, 2021 /CNW/ - VerticalScope Holdings Inc.
("VerticalScope") (TSX: FORA) announced today that it
completed the acquisition of Paddling.com. Paddling.com is a
leading paddlesports enthusiast community which provides
comprehensive resources for all types of paddling information used
each month by hundreds of thousands of kayakers, canoeists, and
paddle boarders.
Founder and CEO of Paddling.com Brian Van Drie said: "We have
spent the past 20 years building Paddling.com to be one of the
best destinations for paddlesport enthusiasts with the goal of
providing fun and useful information for all types of
paddlers. We are excited for the next phase of
Paddling.com's growth as part of VerticalScope."
"We are thrilled to add Paddling.com to our growing platform of
enthusiast communities. Paddling.com is a highly engaged and
passionate community and is a great fit with our outdoors-focused
enthusiast sites," said Chris
Goodridge, President and COO of VerticalScope.
About VerticalScope
Founded in 1999 and headquartered in Toronto, Ontario, VerticalScope is a
technology company that has built and operates a cloud-based
digital platform for online enthusiast communities in high-consumer
spending categories. VerticalScope's mission is to enable people
with common interests to connect, explore their passions and share
knowledge about the things they love. Through targeted acquisitions
and development, VerticalScope has built a portfolio of over 1,200
online communities and more than 100 million monthly active users.
VerticalScope is listed on the Toronto Stock Exchange (TSX:
FORA).
Forward-Looking Statements
This news release may contain forward-looking information within
the meaning of applicable securities legislation that reflects the
Company's current expectations regarding future events.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond the Company's control. Such risks and uncertainties
include, but are not limited to, the factors discussed under "Risk
Factors" in the supplemented PREP prospectus dated June 14, 2021. Actual results could differ
materially from those projected herein. VerticalScope does not
undertake any obligation to update such forward-looking
information, whether as a result of new information, future events
or otherwise, except as expressly required under applicable
securities laws.
SOURCE VerticalScope Inc.
