On Monday, NexTech AR Solutions Corp (OTCQB: NEXCF) closed at $1.9910 per share after rising 13.13% and bringing its total market capitalization to $161.58M. NexTech stock traded 166.72K shares last session, which is less than its average daily volume of 313.25K. The outstanding shares of NEXCF stock are 81.16 million compared to the float of 61.82 million. A strategic partnership led to an increase in NEXCF stock price.
What was that collaboration?
NexTech develops and operates augmented reality platforms that enable users to experience 3D product visualizations, human holograms, and 360-degree immersive experiences. These platforms are applied to alter e-commerce, digital advertising, hybrid virtual events, and training practices. NEXCF creates AR solutions but the vast majority of its revenues are derived from three online shopping platforms:
- com (“VCM”),
- com (“IPL”), and
- com (“TruLyfe”).
On Friday, NexTech announced it was designated as a preferred vendor by Visit Tampa Bay. NEXCF can now effectively connect to conferences held in the City of Tampa Bay through this partnership. A major goal of NEXCF is to establish strategic partnerships with destination marketing organizations around the world and to assist them in reaching more travelers through virtual and hybrid events.
What will it look like?
NexTech (NEXCF)’s hybrid and virtual event platform will engage attendees at Tampa Bay events with stunning virtual conferences, tradeshows, meetings, and augmented reality experiences. Conference organizers, sponsors, and meeting attendees will all benefit from NEXCF’s platform in Tampa Bay.
