Mezzi Holdings Inc. (TSXV:MZI) entered into an agreement to acquire 51% stake in Mekenix Commerce Inc. for $0.53 million on April 11, 2017. Under the transaction, Mekenix will receive from Mezzi, 7.65 million common shares of Mezzi in exchange for a 51% ownership stake in Mekenix. Mekenix will also receive up to $0.30 million in additional cash funding based upon hitting certain performance milestones based on revenue targets. The transaction is subject to certain conditions, including TSX Venture Exchange and regulatory approval.