Welcome to our dedicated page for Pathfinder Ventu news (Ticker: RVRVF), a resource for investors and traders seeking the latest updates and insights on Pathfinder Ventu stock.
Pathfinder Ventures Inc. (OTCQB:RVRVF, TSXV:RV) is active in the RV resort and manufactured housing community sectors, and its news flow reflects both operational updates and corporate developments. The company regularly publishes announcements about its RV resort portfolio in Western Canada, its Lifestyle Communities division, and its efforts in modular and manufactured housing projects.
Investors following Pathfinder’s news can expect updates on RV resort performance, such as reservation trends and portfolio activity across its Pathfinder Camp Resorts parks. The company has reported changes in booking patterns and has commented on how local travel preferences influence demand for its Western Canada RV destinations.
Pathfinder’s news releases also cover its housing initiatives, including land lease communities and modular housing developments. The company has highlighted its involvement with Westside Modular Home Park Ltd. and its intention to expand its ownership interest in that modular home community project in British Columbia, as well as partnerships and supply arrangements that support modular home development.
On the corporate side, Pathfinder issues news about private placements, warrant amendments, share consolidations, and other capital structure actions. Governance and leadership items, such as executive appointments, board changes, and operational reorganizations aimed at creating a leaner business model, are also disclosed through its news feed.
By monitoring RVRVF news, readers can track how Pathfinder advances its strategy in RV resorts, manufactured housing communities, and modular housing projects, along with the financing and organizational steps it takes to support these initiatives.
Pathfinder Ventures Inc. (RVRVF) has announced a successful close to its Q3 season, achieving a 71% occupancy rate from July 1 to September 30, representing a 17% year-over-year increase from 54%. Key contributors to this growth include a 36% increase in Agassiz-Harrison and a 40% increase in Parksville locations. The company plans to release its Q3 financial results on November 28.
Pathfinder continues to enhance guest experiences with new programs and anticipates growth in shoulder and winter occupancy.
Pathfinder Ventures Inc. (RVRVF), announced a significant growth in its financial performance for Q2 2022, achieving revenues of $916,938—an 81% increase from $507,891 in Q2 2021. Despite facing lower April occupancy rates due to severe winter conditions, the company saw occupancy surge at its Agassiz location. EBITDA improved to $54,395 from a loss of $398,367. However, operating expenses rose to $1,251,658, leading to a net loss from operations of $401,086. Pathfinder is focused on expanding its network of upscale RV parks, with ongoing developments in Agassiz.
Pathfinder Ventures (RVRVF) announces a robust outlook for the RV and camping market, with bookings increasing by 36.3% compared to last year, totaling 16,149 site nights booked from June 20 to September 4, 2022. Despite inflation and rising fuel costs, non-local customers are still drawn to the company’s offerings, as more locals choose nearby resorts. New hard-roofed accommodations and RV rentals have been introduced at Fort Langley and Parksville, meeting strong initial demand. Pathfinder is also targeting partnerships to attract European tourists.
Pathfinder Ventures Inc. (RVRVF) announced its Q1 2022 financial results, reporting revenues of $459,078, up from $313,735 in Q1 2021. Operating expenses increased to $1,178,862 from $746,497, leading to a net loss of $748,258 compared to $435,502 in the previous year. Cash and cash equivalents stood at $2,068,772. The company aims to expand operations and enhance guest experiences at its British Columbia campgrounds.
Pathfinder Ventures Inc. (OTCQB: RVRVF) announced 100% occupancy at its three British Columbia campgrounds during the Victoria Day long weekend (May 20-23, 2022). This marks the first full operational weekend for all parks, indicating a robust start to the summer season. The company operates 324 bookable sites, and the demand remains strong, despite Canadians having the option to travel across the U.S. border. This performance reflects Pathfinder's commitment to quality service and solidifies its reputation in the outdoor hospitality market.
Pathfinder Ventures Inc. (TSXV: RV, OTCQB: RVRVF) announced its audited financial results for fiscal 2021, reporting $2,462,427 in revenue, up from $108,936 in 2020 due to the acquisition of three camp resorts. The company posted an adjusted EBITDA loss of $323,212 and a net loss of $3,369,887, considerably higher than $667,633 in 2020. Cash and cash equivalents improved to $2,092,893. Notable challenges included extreme weather impacting operations. Subsequently, the company terminated a Letter of Intent with Black Sheep Income Corp. but plans to pursue other attractive acquisitions.
Pathfinder Ventures Inc. (RVRVF) provided an update on its acquisition of Black Sheep Income Corp. (BSIC), focusing on its RV and self-storage business. The Penticton location is reported at full capacity, with plans to expand by an additional 2,800 sqft. The acquisition, set to close in April 2022, involves a 100% interest in BSIC and two additional RV resorts in Canada. BSIC's innovative storage model has improved revenues since its establishment, reflecting a strong demand in recreational hubs. Cathy Butler of BSIC will join Pathfinder’s management team post-acquisition.
Pathfinder Ventures Inc. (TSXV: RV) (OTCQB: RVRVF) announced a 42% increase in advanced deposits for future overnight stays at Pathfinder Camp Resorts, totaling 16,961 bookings as of March 1, 2022, compared to 11,944 in 2021. The rise is attributed to returning and new RV customers. The company opened two new locations in mid-2021 and is enhancing the guest experience with increased activities as COVID restrictions ease. Pathfinder aims to expand its network of upscale RV parks and campgrounds.
Pathfinder Ventures Inc. (OTCQB: RVRVF) has announced its qualification for trading on the OTCQB Venture Market in the United States. The company’s common shares are now eligible for electronic clearing and settlement via the Depository Trust Company (DTC). This move aims to enhance share liquidity and broaden the investor base in the RV camping and storage industry. Pathfinder operates three camp resorts in B.C. and seeks to expand through acquisitions and new constructions. CEO Joe Bleackley emphasized that this listing simplifies access for U.S. investors.