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Media Co. Gets New Listing on CSE

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The Quick Take

  • Mijem Newcomm Tech Inc. closed its acquisition of Mijem Inc. on Jan. 6, 2022.
  • The new company began trading on the Canadian Securities Exchange under the symbol MJEM on Jan. 10, 2022 to better take advantage of the current global cryptocurrency trend.
  • Mijem Newcomm provides a community app-based marketplace in which users may buy, sell and trade goods and services.
  • With its loyalty rewards program, the tech firm gives buyers and sellers Bitcoin SV cryptocurrency each time a transaction is completed via the app.
  • Mijem Newcomm, targeting higher education students and their peers, has penetrated 72 college and university campuses in North America to date.

Mijem Newcomm Tech Inc. (MJEM:CSE) going public is the latest in a series of moves CEO Phuong Dinh has undertaken in 2021 to advance the company.

The listing on the Canadian Securities Exchange seemed a natural step after starting to offer, as a loyalty reward, Bitcoin SV (BSV) cryptocurrency to users of its community marketplace app, Dinh said in a news release. With the rewards program, the buyer and seller involved in each completed transaction may "get BSV back." Rewards recipients may create a crypto wallet in which to collect BSV and even exchange it for other cryptocurrencies.

"Now is strategically the right time to take the company public to better position us to capitalize on the major global trend of cryptocurrency, sustainable technologies and supporting local economies," Dinh said.

Earlier in the year, the social media and technology firm acquired Mijem Inc., a deal that just closed, on Jan. 6, 2022.

Preceding that, in March and July, Mijem Inc. carried out two financings that generated $3.2 million in gross proceeds.



1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Mijem Newcomm Tech Inc. Please click here for more information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

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