{"id":389146,"date":"2020-11-27T17:03:21","date_gmt":"2020-11-27T22:03:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389146"},"modified":"2020-11-27T17:03:21","modified_gmt":"2020-11-27T22:03:21","slug":"facedrive-reports-third-quarter-2020-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/facedrive-reports-third-quarter-2020-financial-results\/","title":{"rendered":"Facedrive Reports Third Quarter 2020 Financial Results"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Facedrive Reports Third Quarter 2020 Financial Results<\/b><\/p>\n<p>TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Facedrive Inc.<\/b> (\u201c<b>Facedrive<\/b>\u201d) (TSXV: FD), a Canadian \u201cpeople-and-planet first\u201d tech ecosystem, today announced its financial results for its third quarter ended September 30, 2020 (\u201c<b>Q3 2020<\/b>\u201d). Condensed Consolidated Interim Financial Statements and accompanying Management\u2019s Discussion and Analysis of Financial Condition and Results of Operations for Q3 2020 can be found on SEDAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=52338616&amp;newsitemid=20201127005599&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=1&amp;md5=bd0ea45ab7b49e7835d14a9ff01cddca\">www.sedar.com<\/a>.\n<\/p>\n<p><b>About Facedrive<\/b><\/p>\n<p>\nFacedrive is a multi-faceted \u201cpeople-and-planet first\u201d tech ecosystem offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. As part of this commitment, Facedrive\u2019s vision is to fulfil its mandate through a number of verticals that either leverage existing technologies of the Company or project synergies with existing lines of business (the \u201c<b>Facedrive Verticals<\/b>\u201d). The Facedrive Verticals include its rideshare business (\u201c<b>Facedrive Rideshare<\/b>\u201d), sustainable e-commerce platform (\u201c<b>Facedrive Marketplace<\/b>\u201d), food-delivery service (\u201c<b>Facedrive Foods<\/b>\u201d), e-social platform (\u201c<b>Facedrive Social<\/b>\u201d) and<i \/>its contact-tracing and sustainable health services business (\u201c<b>Facedrive Health<\/b>\u201d).\n<\/p>\n<p>\nFacedrive Rideshare was among the first to offer a wide variety of environmentally and socially responsible solutions in the Transportation as a Service (TaaS) space, planting thousands of trees based on user consumption and offering choices between electric, hybrid and conventional vehicles (including, more recently, electric and hybrid vehicles on a subscription basis through Steer). Facedrive Marketplace offers curated merchandise created from sustainably sourced materials. Facedrive Foods offers contactless delivery of a wide variety of foods right to consumers\u2019 doorsteps, with a focus on doing so in a socially and environmentally-conscious manner. Facedrive Social strives to keep people connected in a physically-distanced world through its HiQ and other e-socialization platforms that invite users to interact based on common interests and by offering gamification and mutual community support features. Facedrive Health strives to develop and offer innovative technological solutions to the most acute health challenges including its proprietary TraceSCAN wearable technology for contact tracing. Facedrive envisions changing the ridesharing, food delivery, e-commerce, social and health tech narratives for the better, for everyone, and is currently operational in Canada and the United States. For more about Facedrive, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facedrive.com%2F&amp;esheet=52338616&amp;newsitemid=20201127005599&amp;lan=en-US&amp;anchor=www.facedrive.com&amp;index=2&amp;md5=ab0770e21840c3b156f259bdb1a40bd3\">www.facedrive.com<\/a>.\n<\/p>\n<p>\nFacedrive Inc.<br \/>\n<br \/>100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facedrive.com%2F&amp;esheet=52338616&amp;newsitemid=20201127005599&amp;lan=en-US&amp;anchor=www.facedrive.com&amp;index=3&amp;md5=f78442668f49d2fd03aa6087f2a015c6\">www.facedrive.com<\/a><\/p>\n<p><b>Forward-Looking Information <\/b><\/p>\n<p>\nCertain information in this press release contains forward-looking information. This information is based on management\u2019s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management\u2019s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.\n<\/p>\n<p>\nSee \u201cForward-Looking Information\u201d and \u201cRisk Factors\u201d in Facedrive\u2019s Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.\n<\/p>\n<p><i>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201127005599r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201127005599\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201127005599\/en\/<\/a><\/span><\/p>\n<p><i>Media Contact: <\/i><b>Sana Srithas<\/b> | <a rel=\"nofollow\" href=\"mailto:sana@facedrive.com\">sana@facedrive.com<br \/>\n<\/a><\/p>\n<p>Sayan Navaratnam<br \/>\n<br \/>Chief Executive Officer and Director<br \/>\n<br \/>Tel: 1-888-300-2228\n<\/p>\n<p>\n\u00a0\n<\/p>\n<p>\n\u00a0\n<\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Philanthropy Retail Other Consumer Consumer Environment Other Philanthropy Food\/Beverage<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201127005599\/en\/777442\/3\/Facedrive_logo_suite_140716-01.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Facedrive Reports Third Quarter 2020 Financial Results TORONTO&#8211;(BUSINESS WIRE)&#8211;Facedrive Inc. (\u201cFacedrive\u201d) (TSXV: FD), a Canadian \u201cpeople-and-planet first\u201d tech ecosystem, today announced its financial results for its third quarter ended September 30, 2020 (\u201cQ3 2020\u201d). Condensed Consolidated Interim Financial Statements and accompanying Management\u2019s Discussion and Analysis of Financial Condition and Results of Operations for Q3 2020 can be found on SEDAR at www.sedar.com. About Facedrive Facedrive is a multi-faceted \u201cpeople-and-planet first\u201d tech ecosystem offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. As part of this commitment, Facedrive\u2019s vision is to fulfil its mandate through a number of verticals that either leverage existing technologies of the Company or project synergies with existing lines &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/facedrive-reports-third-quarter-2020-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Facedrive Reports Third Quarter 2020 Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389146","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Facedrive Reports Third Quarter 2020 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/facedrive-reports-third-quarter-2020-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facedrive Reports Third Quarter 2020 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Facedrive Reports Third Quarter 2020 Financial Results TORONTO&#8211;(BUSINESS WIRE)&#8211;Facedrive Inc. (\u201cFacedrive\u201d) (TSXV: FD), a Canadian \u201cpeople-and-planet first\u201d tech ecosystem, today announced its financial results for its third quarter ended September 30, 2020 (\u201cQ3 2020\u201d). Condensed Consolidated Interim Financial Statements and accompanying Management\u2019s Discussion and Analysis of Financial Condition and Results of Operations for Q3 2020 can be found on SEDAR at www.sedar.com. About Facedrive Facedrive is a multi-faceted \u201cpeople-and-planet first\u201d tech ecosystem offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. As part of this commitment, Facedrive\u2019s vision is to fulfil its mandate through a number of verticals that either leverage existing technologies of the Company or project synergies with existing lines &hellip; Continue reading &quot;Facedrive Reports Third Quarter 2020 Financial Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/facedrive-reports-third-quarter-2020-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-27T22:03:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201127005599r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/facedrive-reports-third-quarter-2020-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/facedrive-reports-third-quarter-2020-financial-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Facedrive Reports Third Quarter 2020 Financial Results\",\"datePublished\":\"2020-11-27T22:03:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/facedrive-reports-third-quarter-2020-financial-results\\\/\"},\"wordCount\":670,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/facedrive-reports-third-quarter-2020-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201127005599r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/facedrive-reports-third-quarter-2020-financial-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/facedrive-reports-third-quarter-2020-financial-results\\\/\",\"name\":\"Facedrive Reports Third Quarter 2020 Financial Results - 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(\u201cFacedrive\u201d) (TSXV: FD), a Canadian \u201cpeople-and-planet first\u201d tech ecosystem, today announced its financial results for its third quarter ended September 30, 2020 (\u201cQ3 2020\u201d). Condensed Consolidated Interim Financial Statements and accompanying Management\u2019s Discussion and Analysis of Financial Condition and Results of Operations for Q3 2020 can be found on SEDAR at www.sedar.com. About Facedrive Facedrive is a multi-faceted \u201cpeople-and-planet first\u201d tech ecosystem offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. 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