COVID has taught us how vital logistics are, how essential the supply chain is, and how crucial it is to embrace emerging technologies. Fortunately, for investors, this Canadian company is equipped to deal with this. Quietly, Pushfor Investments (OTC US:PUSOF) is angling to become the next big emerging tech conglomerate through focusing on strategic investments and acquisitions in these areas.
Pushfor invests in both public and private companies in the technology space along with various other cutting-edge solutions in Canada and the United States. The company’s services involve giving its investors a technology-based portfolio of the latest products in an integrated model as a cross-technology investment platform. Its common shares are listed for public trading on the Canadian Securities Exchange, the U.S. over the counter market, and Germany on the Frankfurt exchange. (CSE: PUSH, OTC: PUSOF, FFT: 713) (Source 1)
As per a recent press Pushfor Investments (CSE:PUSH) announced that it has closed the share and asset acquisition of AFX Networks Inc. – dba American Freight X-change – (“AFX”), a shipping and logistics Blockchain platform focused on the trucking industry, in consideration of 15,000,000 shares of the Company at a per-share price of CAD $0.10 and USD $250,000 paid in cash at the closing. The AFX shares were acquired from Professional Trading Services S.A., a privately held corporation. (1)
The press release further states that the trucking industry is the dominant freight model for hauling goods within North America and is essential for a growing global economy. Transportation companies are excellent problem solvers; however, many of these companies operate with 20 or fewer trucks. They simply do not have the capital or means to develop digital platforms that can provide seamless communications and digital interactions within the numerous trucking companies across the continent. (1)
So why is Pushfor Investments (CSE:PUSH) (OTC:PUSOF) positioned to take the world by storm? Its next acquisition is a large part of the investment thesis.
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Other companies in the logistic space to consider would be Landstar System (NASDAQ:LSTR), Saia (NASDAQ:SAIA), Bird Global (NYSE:BRDS), Daseke (NASDAQ:DSKE), ArcBest (NASDAQ:ARCB). Hertz Global Holdings (NASDAQ:HTZ) and Old Dominion Freight Line (NASDAQ:ODFL). As always, conduct your own due diligence.
Source 1: https://finance.yahoo.com/news/pushfor-investments-inc-closes-acquisition-120000958.html
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