ThreeD Capital Inc. Releases Results for the Three Months Ended September 30, 2020

TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQB:IDKFF) a Canadian based venture capital firm that invests in disruptive companies and promising junior resources companies, is pleased to announce its results as at and for the three months ended September 30, 2020.

As at September 30, 2020, the Company had cash, investments and digital assets of $13.9 million.

As at September 30, 2020, net asset value per share was $0.41 as compared to $0.41 as at June 30, 2020. (See “Use of Non-GAAP Financial Measures” elsewhere)

Financial Highlights for the three months ending September 30, 2020 with comparatives:

Operating Results	Three months ended September 30,
		2020			2019
Net investment and digital assets gains (losses)	$	325,076		$	(8,616,653	)
Operating, general and administrative expenses		(794,542	)		(686,160	)
Net loss for the period		(408,176	)		(9,262,481	)
Total comprehensive loss for the period		(407,788	)		(9,262,690	)
Basic and diluted loss per common share		(0.01	)		(0.49	)

Consolidated statement of financial position highlights	September 30, 2020			June 30, 2020
Cash	$	26,924		$	69,730
Investments, at fair value		13,632,254			13,808,153
Digital assets, at fair value less cost to sell		259,111			255,910
Total assets		14,521,462			14,944,430
Due to brokers		612,323			850,698
Advances from officer		248,000			-
Total liabilities		1,613,966			1,712,368
Share capital, contributed surplus, warrants		142,810,352			142,727,130
Foreign currency translation reserve		875,568			875,180
Accumulated deficit		(130,778,424	)		(130,370,248	)

Sheldon Inwentash, Chairman and CEO stated, “Over the past 18 months we have been quietly but deliberately building our portfolio with very early-stage investments in highly prospective companies in industries including fintech, artificial intelligence, smart buildings, blockchain, and precious metals. We are now just starting to see the early phase returns on many of these strategic investments and have reason to believe in our accelerating growth in 2021.”