MetaWorks Completes Asset Purchase of FogDog Energy
METAWORKS PLATFORMS INC (MWRK)
Company Research
Source: GlobeNewswire
Company to Begin Waste to Energy Conversion Operations by Q4 Fairfield, CA., Aug. 23, 2024 (GLOBE NEWSWIRE) -- MetaWorks Platforms, Inc. ("MetaWorks" or the "Company"), (OTCQB: MWRK), an award-winning technology focused company, today announced that it has acquired the assets of FogDog Energy Solutions, Inc., (FDE). MetaWorks had previously made investments into FDE and this asset acquisition allows the Company to exchange its debt in full. The Company now seeks to use the acquired assets to quickly scale its new waste-to-energy business through its wholly owned subsidiary, EnergyWorks Corp. MetaWorks President Scott Gallagher stated, “We’re thrilled to have completed this transaction. Acquiring Fog Dog's assets will fast-track the launch of our waste-to-energy business. Notably, this deal includes an MOU with an Oklahoma municipality that will serve as the foundation for our new venture.” Gallagher went on to say, “With this deal now completed, we expect to begin revenue gene
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