Wee-CIG International Corporation (OTCMKTS:WCIG) is up 25% in a week. The company has announced the acquisition of a leading blockchain innovator, EZ Exchange OU.
Market Action
On Wednesday, WCIG stock ended flat at $0.14 with more than 45k shares, compared to its average volume of 149k shares. The stock has moved within a range of $0.1251 – 0.1438 after opening the trade at $0.1438.
Latest Development
EZ Exchange OU is an Estonian company and the owner of EZ365 plus all its associated divisions, including EZ Win, EZ Academy, EZ Exchange, and EZ NFT. Wee-Cig is thrilled to acquire a unique and proven blockchain-based ecosystem that allows users to invest, trade, play, and learn in one integrated, user-friendly platform, recognizing the huge disruptive potential of the blockchain across several industries.
This acquisition will give EZ365 with the necessary operating capital to realize its long-term goal of creating the world’s most user-friendly blockchain-based platform allowing mass adoption of digital assets through a combination of the best features of digital asset trading, NFTs, online gaming, and blockchain education. EZ365 founder and CEO Russell Korus has been named Wee-Cig CEO and president in connection to the acquisition. With WCIG making moves in the blockchain sector, it is worth watching.
Key Quote
“This acquisition marks a critical and exciting step in the EZ365 journey,” said Korus. “In addition to expanding our investor and capital base, we will be exposed to a much larger market and better positioned to drive value to a broader audience. Wee-Cig recognizes the value of the EZ365 assets and shares our belief in the transformative potential of the blockchain and the role we can play in driving that transformation.”
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