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Thunderbird Entertainment Group says Voss Capital has acquired more than 10% of its stock

Voss said Thunderbird’s animation studio, Atomic Cartoons, “has tremendous growth opportunities ahead”

Thunderbird Entertainment Group Inc -
Voss Capital chief investment officer Travis Cocke called Thunderbird's stock "an attractive long-term investment" that is "undervalued in the public markets”

Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) has noted that Voss Capital, LLC has acquired about 10.5% of Thunderbird’s outstanding common shares.  

In a statement, Voss spokesperson Taylor Henderson said Thunderbird’s animation studio, Atomic Cartoons, “has tremendous growth opportunities ahead,” due to its demonstrated ability to “successfully develop hit shows.”

“We believe Thunderbird is perfectly positioned to continue to benefit from this secular growth in content spend as the company has proven itself to be a trusted partner to the largest media companies in the world,” Henderson added.

READ: Thunderbird Entertainment confirms Bell has renewed Highway Thru Hell, Heavy Rescue: 401 and Mud Mountain Haulers

Voss Capital chief investment officer Travis Cocke also commented, stating: “We believe Thunderbird stock represents an attractive long-term investment and continues to be underfollowed and undervalued in the public markets.”

Houston-based investment management firm Voss Capital is a “contrarian value" investors focused on underfollowed special situations.

Thunderbird Entertainment Group is building global entertainment brands for the world’s biggest broadcasters and streaming giants.

The Vancouver-based global multi-platform entertainment company produces award-winning scripted, unscripted and animated programming for the world’s leading digital platforms, as well as for Canadian and international broadcasters such as Netflix, Amazon Prime and Disney.

Contact Sean at sean@proactiveinvestors.com

Quick facts: Thunderbird Entertainment Group Inc

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Price: 4.35 CAD

Market Cap: $211.58 m

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