VICTORIA, British Columbia - WeCommerce Holdings Ltd. ('WeCommerce' or 'the 'Company') (TSXV: WE), a leading provider of ecommerce enablement software and tools for merchants, announced its financial results for the three-month period ended March 31, 2022 ('Q1 2022'). Currency amounts are expressed in Canadian dollars unless otherwise noted.

Management Commentary

'In the first quarter, we continued to drive healthy year-over-year growth in Apps and Themes and bolstered our leadership in our Agency business to reinvigorate growth in that segment. Our core portfolio companies, including Stamped, Archetype, and Foursixty, continue to perform well, providing stability in an otherwise turbulent ecommerce market. We continue to generate significant cash flow, with over 30% operating cash flow margins once again this quarter. With our favorable liquidity position, supported by more than $26 million in cash on hand, we will continue to be opportunistic in evaluating a highly compelling M&A landscape while reinvesting in the growth and success of our existing portfolio in the meantime.'

About WeCommerce Holdings Ltd

WeCommerce provides merchants with a suite of ecommerce software tools to start and grow their online stores. Our family of companies and brands includes Pixel Union, Out of the Sandbox, KnoCommerce, Archetype, Yopify, SuppleApps, Rehash, Foursixty and Stamped. As one of Shopify's first partners since 2010, WeCommerce is focused on building, acquiring, and investing in leading technology businesses operating in the Shopify partner ecosystem.

Contact:

David Charron

Chief Financial Officer

Phone: 416-418-3881

Email: david@wecommerce.co

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