Emerge Commerce Ltd V.ECOM

Todays webinar with Ghasson (CEO)

[Dunworkin2]

ECOM - $57 million trailing revenue....$4.8 million trailing EBITA.......7 brands......4 verticals (experiences, golf, meat, outdoors)......2 counties

Battlbox - #1 company for outdoor gear, market leader in the USA (78% repeat customers, $23.5 million revenue, only had 13 employees, 250,000 followers on Tik Tok)

Carnivore club - cured meat subscription business in USA and Canada

[Dunworkin2]

...cont'd - near term goal is another acquisition about the same size as Battlbox. Ghasson wants to get ECOM to a $100 million size GMS (Gross Merchandise Sales) business 

[Dunworkin2]

...cont'd - Subscription revenue about 80% of Emerge revenue. 

[Dunworkin2]

cont'd.... - future potential target acquisitions are in: 1) Pets marketplace 2) Wellness & Beauty 3) Golf marketplace 4) E-Bikes Each of the above are EBITDA positive Future acquisitions will be debt based to limit/minimize dilution Ghasson did a great job, very impressed with his knowledge and where he is taking Emerge.

[BCdude]

Thanks for the summary, Dunworkin. I wasn't able to attend. Did Ghasson say if the webinar would be posted on their website after the fact? Also, did he say what segment of the E-Bikes industry he has in mind?

[Dunworkin2]

Hey BCdude, the webinar was recorded, so I expect it will get released at some point. As for the E-bikes, i don't recall him getting into specifics, but on that slide he listed specific data on 4 un-named businesses, so it was real data and included stats such as EBITDA for each business. I expect him to pull the trigger on another acquisition and expect it to be debt financed (non-equity

[Dunworkin2]

To clarify, he reported stats on 4 businesses; one in each of the 4 categories (ie. one E-bike business)

[BCdude]

Hey Dunworkin, Thanks for the extra colour. I'll look forward to watching it when it's posted. I agree with your assessment about pets. I hope that is the next category they pursue, as it has excellent long-term fundamentals supporting it's growth. And it is recession proof in that people will always find a way to pay for their pets' needs. I'm less confident about Battlbox

[Dunworkin2]

https://twitter.com/instajee/status/1448738572912189446?s=21