Topic: How To Invest

Q: Patrick and associates, may I have your analysis of Facedrive? Thanks.

Article Excerpt

A: Facedrive Inc., $11.23, symbol FD on the Toronto Venture Exchange (Shares outstanding: 83.3 million; Market cap: $935.5 million;, has several businesses, both in development and already operating: Through its Facedrive Rideshare, the company offers “green” transportation solutions, letting members choose between hailing an EV, hybrid or conventional vehicle. It also plants thousands of trees each year. Another of the company’s divisions is its Facedrive Marketplace. It plans to distribute merchandise created from sustainably sourced materials, while its Facedrive Foods business will offer contactless delivery of healthy foods to consumers’ doorsteps. The company’s shares moved up sharply in mid-May when it announced it planned to purchase certain assets of money-losing food ordering and delivery service Foodora Canada from Germany-based Foodora. The acquisition will include access to Foodora Canada’s customers (subject to customer consent), as well as 5,500 restaurant partners previously served by Foodora Canada. Facedrive Health aims to develop innovative technological solutions to the most acute health challenges of the day. That includes…

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