Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports, payments, technology and its applications within media and gaming, is pleased to provide the following update regarding its investee company Leaf Mobile Inc (“Leaf”).
Leaf (TSX.V: LEAF), a company in which Blue Star holds an investment, has reported a significant rise in turnover from its mobile gaming portfolio for the first quarter of 2020 to CAD$5.6m, an increase of more than 420 per cent. on the prior year. Revenue growth was attributed to the success of its new mobile games and stable revenue from its portfolio of legacy games. The first quarter of 2020 represents the best first quarter in Leaf’s trading history.
Blue Star made its investment in Leaf in April 2020 at a price of CAD0.16 per share. The share price for Leaf is currently trading at approximately CAD0.37 per share.
Tony Fabrizi, CEO of Blue Star, said: “We are pleased to see Leaf performing strongly and the successful launch of Leaf’s new game, Cheech and Chong Bud Farm.”
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