Gamesquare Esports Inc., the parent company of Code Red Esports, has announced that it expects to commence trading on the Canadian Securities Exchange.
The latest step from Gamesquare Esports comes following the completion of a reverse takeover transaction with Magnolia Colombia Ltd.
It is expected that following the listing, Gamesquare will continue pushing its agency and talent management services through Code Red, grow its roster of brand relationships and expand its list of potential future acquisitions.
The listing has coincided with a restructuring of the company’s executive board. Former Directors Chris Eben and Neil Said have resigned, with the latter taking on the role of Corporate Secretary and acting as General Counsel.
A new board of directors will consist of Maurice Colson, Craig Armitage and Kevin Wright. Additionally, Kevin Wright will serve as CEO and Paul Bozoki has been appointed as Gamesquare’s CFO.
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Newly appointed CEO of Gamesquare, Kevin Wright is excited for what the company has planned next considering “viewership has never been higher and the attention that the industry is attracting from major brands is incredible. Code Red has built a leading talent agency and esports is in their blood.
“I see tremendous potential within the agency business by expanding relationships with top talent and with leading global brands trying to reach an important group of consumers that are loyal to authentic gaming and non-gaming brands. Furthermore, there is a tremendous opportunity to acquire companies serving the esports market that we believe can benefit greatly from access to capital as part of the Gamesquare group of companies.”
Esports Insider says: Gamesquare appears to be expanding aggressively as of late. Along with making use of Code Red’s talent management services, diversifying the company’s business ventures is a solid step towards further success.