WeCommerce Holdings Ltd. (TSXV:WE) is looking for acquisitions. Alexander Persson Chief Executive Officer said, "Our Orbit Apps business is more sensitive to new merchant additions, and that is reflected in the results. We continue to have productive discussions with multiple acquisition targets that the uncertainly highlighted last quarter continues to persist, resulting in wide bid-ask spreads and an overall sentiment of let's wait and see.

We remain highly optimistic over the long run and are well positioned to take advantage of any near-term pessimism to partner with wonderful businesses at attractive pricing. We're looking at both tuck-in acquisitions in the span of $1 million to $5 million ARR as well as larger platform acquisitions that are well north of $10 million ARR. The valuations get more attractive with each passing month that we believe they can fall further.

We're proud of the results and profitability of our businesses. We continue to build the team, capital base and systems to scale WeCommerce both organically and through targeted complementary acquisitions".