XTM Inc. (OTCMKTS:XTMIF) announced being chosen by Terroir to provide food and beverage staff, with their same-day event earnings using XTM’s Today platform. XTM is launching its earned wage access (EWA) offering across Canada. It provides frontline workers immediate access to their pay, thus giving more financial freedom and control that isn’t offered by conventional financial services.
Trading Data
On Friday, XTMIF stock moved down 3.02% to $0.1156 with more than 21.50K shares, compared to volume of 36.24K shares. The stock moved within a range of $0.1154 – 0.1184 after opening trade at $0.1183.
Terroir Symposium Selects XTM’s Today™ Platform for EWA Pay-Out
Over the last 15 years, Terroir has built a reputation as the premium place for leaders in hospitality to convene, seek new ideas and create connections that support strategic initiatives. More than 200 companies are set to come together in Calgary, Alberta on September 20th, to learn new ideas, share practices and identify emerging opportunities.
Arlene Stein, President, and Founder of Terroir Hospitality said that the hospitality industry is going through hurdles in recruiting and retaining staff – this topic will be discussed at the symposium. Same-day pay is a crucial solution, and once they saw the convenience of XTM’s Today Platform, they decided to integrate it for the event.
Featured at Terroir is hospitality executive and head of XTM’s US and Canadian business development, Jason Giagrande, along with XTM’s VP, Hospitality, Dylan Erlendson, presenting a topic on the mind of all restaurateurs, especially post-pandemic – Resiliency And Restaurants: How Technology Empowers Success.
Key Quote
“When we saw XTM’s Today Platform, we were immediately intrigued,” said Arlene Stein, President, and Founder of Terroir Hospitality. “The hospitality industry is facing the challenge of recruiting and retaining staff, a topic that will be covered at our symposium. Same-day pay is an important solution, and once we saw how easy the platform was to implement and use, it was a no brainer to integrate it for our own event.”
Technical Data
XTMIF stock is trading above the 20-Day and 50-Day Moving averages of $0.27 and $0.26 respectively. However, the stock is trading below the 200-Day moving average of $0.31. The company has a total market capitalization of $20 million.
