- The Real Brokerage ( NASDAQ: REAX ) shares gained 1% premarket after it acquired all of the issued and outstanding common shares of Redline Real Estate Group.
- Financial terms were not disclosed.
- Founded in 2005, Redline Realty has approximately 90 agents serving clients throughout the provinces of Alberta, Ontario and British Columbia.
- The acquisition, which includes Redline's real estate license to operate in British Columbia, will fuel Real's expansion into Canada’s third largest province.
For further details see:
Real Brokerage acquires Redline Real Estate Group