TGS Esports has completed its previously announced arm’s length acquisition of Volcanic Media Inc.
The deal is pursuant to the terms of a share exchange agreement dated November 13, 2020 among the Company, Volcanic and the shareholders of Volcanic.
Volcanic is at the forefront of scholastic esports in Canada and it has created an inter-district high school esports league and scholarship program for players within the league—both firsts of their kind in Canada.
Additionally, Volcanic is in partnership with various indigenous communities and organizations, such as the Binche Keyoh First Nations, to provide esports events experiences, career growth opportunities and reconciliation through gaming.
Future programs include nation to nation esports leagues, skills development programming and much more.
Since the Acquisition was announced, Volcanic entered into a new partnership with a post-secondary institution that includes a twelve-week esports business program set to launch in spring 2021.
Volcanic has also recently partnered with a Canadian high school to run a pilot in-class esports program that will launch in Fall 2021.
“Our work with Volcanic has already seen success in the form of a high school league that features twelve schools across two esports, League of Legends and Rocket League,” said Spiro Khouri, CEO of TGS.
“Onboarding schools and developing scholastic esports leagues is core to increasing our user base and leveraging the tools we are developing with the Pepper platform to provide our customers with a complete and unparalleled esports experience.”
Shawn Caldera, former President of Volcanic added; “Over the past few years, we have been able to build a solid foundation with Volcanic. With the support of TGS we now have the ability to scale quickly and implement programs without hesitation. We are already seeing new partnerships emerge and the growth has been amazing in such a short time.
“We are incredibly thankful for the communities, people and organizations that have help us get to where we are, and are incredibly excited to see what new innovations and growth can happen with the TGS family’s support.”