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Management believes GMS provides a useful measure for the dollar volume of e-commerce transactions made through our platforms and an indicator for our business performance. GMS as defined by management is the total dollar value of customer purchases of goods and services, excluding applicable taxes and net of discounts and refunds. GMS does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. Gross Merchandise Sales ("GMS") should not be construed as alternatives to revenue determined in accordance with IFRS. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the financial information of the Company reported under IFRS. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of results of operations from management's perspective. These non-GAAP measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.
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This press release makes reference to certain non-GAAP measures. 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. EMERGE was named one of the fastest growing companies in Canada by the Startup 50, and the Globe and Mail's 2020 Canada's Top Growing Companies. Our portfolio houses some of North America's most coveted online destinations including, trulocal.ca,, , JustGolfStuff.ca,, , and BeRightBack.ca. Our subscription and marketplace e-commerce properties provide our members with access to pet products, premium meat, outdoor gear, golf, and other curated experiences. Refer to section "Non-GAAP Financial Measures" below for additional information.ĮMERGE (TSXV: ECOM) is a leading acquirer and operator of profitable niche e-commerce brands.