News & Resources

Vertex Resource Group Ltd. Reports First Quarter 2022 Results

May 11, 2022

Record Q1 revenue of $45.4 million, and adjusted EBITDA of $5.7 million for the first quarter of 2022. Sherwood Park, Alberta, May 11, 2022 (TSXV: VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the first quarter ended March 31, 2022. The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the audited consolidated financials statements of Vertex for the year ended December 31, 2021, which are available on SEDAR at www.sedar.com. The first quarter of 2022 was a robust quarter which produced historically high first-quarter revenue. Vertex’s diversification efforts with continued expansion in the utilities, telecommunications, and government sectors have helped to grow revenue. The Company is continuing to maintain its focus on cost containment, operating efficiencies, geographic diversification, and sector diversification.


Modern West Climate Finance Group and Vertex Resource Group Announce Integrated Joint Venture to Accelerate the Development of Atmospheric Carbon Removal Projects.

May 5, 2022

Calgary, Alberta: Vertex Resource Group Ltd. (“Vertex”) (TSXV: VTX) and Modern West Climate Finance Group (“Modern West”) have come together to create Wallaby Climate Solutions (“Wallaby”), a strategic joint venture focused on accelerating the development of nature-based climate solutions to reduce atmospheric carbon emissions and enhance biodiversity for customers across North America. As a developer of nature-based offset solutions and emission removal projects both Vertex and Modern West see Wallaby as a timely response to a growing problem in carbon offset markets which is a lack of both quantity and quality of carbon elimination offsets.


Vertex Completes Acquisition of Cordy Oilfield Services

Apr 25, 2022

Sherwood Park, Alberta and Calgary, Alberta, April 25, 2022 (TSXV: VTX) – Vertex Resource Group Ltd. (“Vertex”) and Cordy Oilfield Services Inc.  (TSXV: CKK) (“Cordy Oilfield”), with reference to their previous news release dated February 25, 2022 are pleased to announce the completion of the previously announced acquisition of Cordy Oilfield.


Vertex Resource Group Ltd. Reports Fourth Quarter and Fiscal 2021 Results

Mar 22, 2022

Sherwood Park, Alberta, March 22, 2022 (TSXV:VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the fourth quarter and year ended December 31, 2021. The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the audited consolidated financials statements of Vertex for the year ended December 31, 2021, which are available on SEDAR at www.sedar.com.


Vertex Closes $15,000,000 Convertible Debenture Financing

Mar 7, 2022

Sherwood Park, Alberta March 7, 2022 (TSXV: VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Corporation”), with reference to its previous news release dated February 25, 2022, is pleased to announce that it closed the previously announced non-brokered private placement (the “Private Placement”) of $15,000,000 principal amount of a secured subordinated convertible debenture (“Convertible Debenture”). The completion of the Private Placement is a condition precedent to the proposed amalgamation with Cordy Oilfield Services Inc. (the “Amalgamation”) that was also announced in the Corporation’s prior news release dated February 24, 2022.


Vertex Signs Amalgamation Agreement With Cordy Oilfield Services And Announces Concurrent Financing

Feb 25, 2022

Sherwood Park, Alberta and Calgary, Alberta, February 25, 2022 (TSXV: VTX) – Vertex Resource Group Ltd. (“Vertex”) and Cordy Oilfield Services Inc. (TSXV: CKK) (“Cordy Oilfield”) are pleased to announce that they have entered into a definitive amalgamation agreement (the “Amalgamation Agreement”) pursuant to which Vertex has agreed to acquire all of the issued and outstanding shares of Cordy Oilfield. The acquisition of Cordy Oilfield will increase the strength and service offerings of Vertex across its operations.


Put us to
work for you.

Tell us about your project

Whether you're seeking equipment rentals, specialized services, or end-to-end project management, Vertex can help you find a solution. Contact us today.