Newtopia Inc. (“Newtopia” or the “Company”) , a tech-enabled habit change provider focused on preventing, slowing and reversing chronic disease, announced that it has engaged Stonegate Capital Partners, Inc. (“Stonegate”), in conjunction with its current investor relations firm, to raise awareness of the Company’s business and long-term growth story with a broader U.S. audience.
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“Newtopia looks forward to partnering with Stonegate to continue to expand our investor communication efforts in the U.S.” said Jeff Ruby, Founder and CEO of Newtopia. “The vast majority of Newtopia’s revenues are derived from innovative U.S. based health insurers. Following our quotation on the OTCQB Venture Market this past August, we believe now is the right time to share our growth story more broadly in the U.S. by leveraging Stonegate’s expertise, in addition to continuing to actively communicate with our longstanding Canadian shareholders.”
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Pursuant to the terms of an advisory services agreement (the “Agreement”), Stonegate will receive a month fee of US$5,000 commencing on January 4, 2022. The Agreement has no fixed term and may be terminated upon five days’ written notice. The Agreement is subject to the acceptance of the TSX Venture Exchange.
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