Liquid Media Group Ltd. (YVR) shares declined 5.36% in after-hours on Thursday, December 23, 2021, and closed the weekly trading at $1.06. However, in the regular trading session of Thursday, YVR’s stock gained 2.75%. YVR shares have fallen 26.32% over the last 12 months, and they have moved down 0.88% in the past week. Over the past three months, the stock has lost 30.00%, while over the past six months, it has plunged 33.73%.
Let’s briefly discuss its recent news and developments.
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YVR update about production funding unit
On December 07, 2021, Liquid Media Group Ltd. ((YVR) reported that it is in the final stages of an agreement to provide recoupable last-mile financing for three films through the Company’s newly formed production funding unit Liquid Media Production Funding Ltd. All three films completed Liquid’s Phase I review with high-performing scores from Liquid’s analytics partner, Slated Inc., together with strong financial underpinnings for each film.
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YVR to Acquire iGEMStv
On December 06, 2021, Liquid Media Group Ltd. (YVR) executed a definitive agreement to acquire iGEMStv, Inc. This recent acquisition will add another key asset in stage IV of Liquid’s four-stage business engine.
According to the agreement, Liquid will acquire iGEMStv for up to 850,000 common shares of Liquid at a deemed price of $2.00 per share. the company will do more cash investment in iGEMStv’s ongoing operations, applied towards working capital, technology infrastructure, and marketing.
YVR at Playback Film Summit
On November 17, 2021, Liquid Media Group Ltd. (YVR) Chairman Joshua Jackson and CEO Ronald Thomson were keynote speakers at the inaugural Playback Film Summit, a conference focused on accelerating the Canadian independent film industry. The conversation touched on the value Liquid is creating for independents, the future of film, and how creators can take bigger steps towards the limelight.
YVR new appointment
On November 04, 2021, Liquid Media Group Ltd. (YVR) announced that iNDIEFLIX, a member of the Liquid Media family of companies, has promoted Christine Laskin to the position of Chief Operating Officer (COO).
YVR project intake procedures
On November 02, 2021, Liquid Media Group Ltd. (YVR) announced its project intake procedures following a significant increase in demand for the Company’s four-phase solution engine to help drive content from inception through monetization.
The new project submission portal is now the principal way for all producers and content creators seeking to work with Liquid to submit projects for financing, distribution, and monetization.
Well, we have no reason whatsoever for its early gains and later decline in after-hours on Thursday. there is no recent news available to justify its mixed performance. We hope that it will commence Monday trading with positive energy.