EMERGE Commerce Ltd. (“EMERGE” or the “Company”) (TSXV: ECOM), a diversified acquirer and operator of e-commerce brands, announces that it has closed the acquisition of all the issued and outstanding shares of Retail Store Networks, Inc. (dba, “WholesalePet.com”) (www.WholesalePet.com) effective November 16, 2021 (the “Transaction”) for a purchase price of up to US$25 million, comprised of US$12 million in cash, US$2 million in EMERGE common shares, US$2 million in deferred consideration payable over 2 years, and contingent earn-out consideration of up to US$9 million over a 2-year period.