Armada Mercantile Ltd. has completed the launch of RichGrandDad Ltd. (“RichGrandDad”), a British Colombia commercial finance subsidiary (51%) company. RichGrandDad plans to fund opportunities prospected by its affiliated group of established brands (https://richgranddad.com ) targeting real estate and commercial lending. The management team of RichGrandDad is comprised of individuals with solid backgrounds in prospecting businesses, … Read More
Aquaborne LLC is conducting a Regulation Crowdfunding offering via the Wefunder Portal LLC (https://wefunder.com/aquaborne) platform. Armada Mercantile Ltd., (“Armada” CSE: ARM OTC: AAMTF), is acting as the required lead investor for Aquaborne LLC, who is raising capital under Regulation C. Aquaborne LLC plans to launch its first commercial scale eco-friendly aquatic leather tannery in … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has reached an all-time high of its commercial finance operations. Record Monthly Invoice Portfolio: Our “high margin small ticket” invoice portfolio reached an all-time high of US$8,708,202.13 up from US$7,368,805.97 in December. The continued growth in business is attributable to ongoing demand for capital to fund … Read More
Zero Nox, Inc. (“Zero Nox”), an affiliated (approximately 10%) ownership portfolio company of Armada Mercantile Ltd. (Symbol: AAMTF), is seeking to enter the US public markets by way of a NASDAQ listing or merger with a Special Purpose Vehicle or “SPAC”. Management of Armada is working with Zero Nox to facilitate the going public process. … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has reached an all-time high of its commercial finance operations. Record Monthly Invoice Portfolio: The “high margin small ticket” invoice portfolio reached an all-time high of US$$7,852,957.77 up from US$7,071,104.99 in October. October was a good month for invoice collections and fee income, which is a … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has reached an all-time high of its commercial finance operations. Record Monthly Invoice Portfolio: The “high margin small ticket” invoice portfolio reached an all-time high of US$7,071,104.99 up from US$5,932,690.32 in September. September was an average month for invoice collections and fee income, which is normal … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) announces certain updates regarding Zero Nox, Inc. (“Zero Nox”), our affiliated (approximately 10%) ownership portfolio company. Zero Nox is headquartered in the San Joaquin Valley, California and specializes in the development, manufacture and sale of battery technology and its integration into electric vehicles. Zero Nox has … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has increased the size and income of its commercial finance operations. Monthly Collections: July was a record month for invoice collections and fee income for the “small ticket” invoice portfolio, which is $5,932,690.32. During the month invoice collections reached US$3,926,343.30 and total discount fee income was … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has increased the size and income of its commercial finance operations. Monthly Collections: June was a record month for invoice collections and fee income. During the month invoice collections reached US$2,752,638.34 and total paid discount fee income was US$125,814.62. At this point, we have not seen … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) would like to provide a short update to shareholders regarding its commercial finance operations. Monthly Collections: April was a good month for invoice collections and fee income. During the month invoice collections reached US$2,363,226.02 and total paid discount fee income was US$114,893.49. At this point, we … Read More
