A2Z Smart Technologies Corp

A2Z Cust2Mate Solutions Corp. has completed its acquisition of Hedia, an Israeli retail media company with FY25 audited revenue of approximately $20 million. At closing, A2Z paid approximately $8.4 million in cash and issued 833,333 restricted common shares to the sellers, subject to a lockup period of up to 36 months, with approximately $7 million of the cash consideration expected to be funded by a term loan from a commercial bank. The sellers are also eligible for up to approximately $6.7 million in additional performance-based cash consideration tied to 2027 and 2028 targets, and A2Z estimates Hedia would have contributed annual Adjusted EBITDA of approximately $2.3 million. Founded in 1988, Hedia will continue operating under its existing brand, with Meron Gal remaining CEO and founder Ofer Gal staying on as Chairman. A2Z said the deal combines its smart cart technology, retail media inventory and shopper data with Hedia's advertiser relationships and campaign execution capabilities, including ties to Unilever, Kimberly-Clark, Procter & Gamble, Nike and Henkel.

A2Z Cust2Mate Solutions Corp reported second quarter 2026 revenue of $5.9 million, up 78% sequentially from $3.3 million in the first quarter, driven by smart cart deliveries nearly doubling to 950 units. Gross margin improved significantly to 42.6% from 4.2% in Q1, helped by higher volumes and the new China manufacturing facility. The company expanded its partnership with SuperSapir, increasing their total commitment to 7,000 smart carts, and added new customer HaStok. A2Z secured a $30 million credit line with Bank Leumi and expects to deliver 10,000 smart carts by end of 2026 and at least 19,000 by end of 2027. Operating loss remained high at $7.6 million, and net loss per share was $0.16.