A2Z Smart Technologies Corp (OTCMKTS:AAZZF) Stock Falls 38% in a Month: A Good Buy?
Innovative Technology Company specializing in modern automation and electronics, A2Z Smart Technologies Corp (OTCMKTS:AAZZF), on August 13, 2021, announced a pilot initiative for Cust2mate smart carts with a leading grocery store chain in Mexico.
The retail chain, which operates over 250 stores, will engage in a two-month pilot initiative deploying twenty Cust2Mate smart carts, and the success of this will lead to the launch of smart cards at the premium branches.
CEO Ben Tsur Joseph of A2Z said that the firm is having an opportunity to engage with a leading grocery retailer in Mexico. Joseph added that Cust2Mate will streamline the in-store shopping experience, harnessing technology that scans bought items and enables in-cart payment to avoid long queues. A retail partner representative said that it is looking forward to exploring the advantages of Cust2Mate smart carts that would enhance the shopping experience and ameliorate the firm’s capability of moving inventory and streamlining operational capacity.
A2Z Smart Technologies Corp confirmed on consolidating issued as well as outstanding common shares of the firm. This will entail post-consolidation Common shares for each three and pre-consolidation Common Shares.
The company’s board of directors has set August 19, 2021, for Consolidation. It is estimated that 71,308,707 Common Shares that are issued and outstanding presently would be reduced to about 23,769,569 Common Shares on a post-Consolidation basis. This consolidation will meet NASDAQ’s initial listing requirement.
