Pathfinder Awarded Top Ten Campground in Canada, Provides Corporate Updates
- Pathfinder Ventures Inc. recognized as a top 10 campground in Canada by Campspot.
- 15% growth in occupied site nights in July 2023 compared to July 2022.
- Board of Directors welcomed real estate entrepreneur Mark Accardi.
- Exclusive sales agreement signed with ResortHQ for affordable RV options.
- Engaged Jacob Barbati for investor relations and corporate communication support.
- RV wholesale shipments projected to increase in 2024.
- Positive economic indicators suggest favorable environment for RV purchases.
- Pathfinder focused on growth opportunities and M&A in the RV resort industry.
- None.
VANCOUVER, BC / ACCESSWIRE / April 5, 2024 / Pathfinder Ventures Inc. (TSXV:RV) ("Pathfinder" or the "Company") is pleased to announce that its Agassiz-Harrison Pathfinder Camp Resorts location has been honored as one of the top 10 campgrounds in Canada. Pathfinder Camp Resorts Agassiz-Harrison proudly secured the 4th position on this prestigious list.
Pathfinder Camp Resorts Awarded "Top 10 Campgrounds in Canada 2024" by Campspot:
The accolade was bestowed by Campspot, the foremost online marketplace for premier RV resorts, family campgrounds, cabins, glamping options, and more. Campspot's evaluation criteria for the "Top 10 Campgrounds in Canada" award encompassed a thorough review of reservation data, customer ratings, park features, and overall quality within the Campspot marketplace.
Link: https://software.campspot.com/campspot-awards/
Pathfinder achieved several other milestones recently, while the RV industry remained strong and demand for modern RV parks continued.
Key Achievements:
2023 Pathfinder Achieves Growth Milestones
- Occupied site nights increased by
15% in July 2023 compared July 2022. - The Company reports demand from repeat and new customers remained strong and drove the increase.
- Pathfinder also added additional camping sites to its resorts, which added to the total occupied site nights.
December 2023 Board of Directors Transition
- Pathfinder welcomed real estate entrepreneur and investor Mark Accardi to its Board of Directors.
- Mark currently spearheads Corporate Development at Forge & Foster Investment Management, overseeing a real estate asset portfolio valued at
$450 million , including over 21 RV Resorts across Canada worth an estimated$100 million .
December 2023 Strategic Partnership with ResortHQ
- Pathfinder signs an exclusive sales agreement with ResortHQ, offering British Columbia customers affordable options for RVs, park models, and tiny homes at participating Pathfinder Camp Resort locations.
- Customers purchasing these units will enjoy a "Cottage Vacation Lifestyle" at a fraction of the cost of traditional cottage ownership, with the option to place their unit in the rental pool when not in use, generating shared revenue managed by Pathfinder Camp-Resorts.
- ResortHQ sales process has commenced at Pathfinder Resorts with a pipeline of qualified leads currently in place.
March 2024 Pathfinder Retains Additional Investor Relations Support
- Pathfinder Ventures Inc. announced it has engaged Jacob Barbati to support the company with investor relations and corporate communication.
- Jacob is an experienced investment professional with a background in investment banking, private equity, and consulting at prominent firms in Canada. His prior role at Valitas Capital Partners involved contributing to middle-market investment banking transactions across a diverse range of sectors.
- Jacob will engage with retail brokers, portfolio managers, analysts, and individual investors for an initial term of three months, extendable by mutual consent. In consideration for the service, he will be paid
$5,000 per month. Jacob owns less than1% of outstanding common shares in Pathfinder Ventures.
RV Industry Outlook:
- RV wholesale shipments are projected to increase throughout 2024, with estimates indicating a range between 334,700 to 365,500 units.
- This forecast, provided by ITR Economics for the RV Industry Association, suggests a potential
8.8% to18.8% rise compared to 2023's total of 313,200 units. - Economic indicators, including housing starts and expected lower interest rates, indicate a positive trend for RV shipments in the coming year.
- Receding inflation and rising incomes are anticipated to create a favorable environment for consumer purchases, including RVs.
Source: RV Shipments Expected to Rise Throughout 2024 | RVIA
Forward-looking Outlook and M&A Pipeline
Pathfinder remains steadfast in its pursuit of growth opportunities within the RV resort industry, buoyed by a robust M&A pipeline and the prospect of declining interest rates, which are anticipated to spur increased activity and expansion in 2024.
Management Commentary
Management remains optimistic about the future of the RV industry, particularly in light of anticipated interest rate declines. Pathfinder is well-positioned to capitalize on emerging opportunities, leveraging its expertise, strategic partnerships, and innovative solutions to deliver exceptional value to stakeholders.
Incentive Stock Options Grant
The Company has issued 3,200,000 stock options to officers, directors, and consultants, with an exercise price of
About Pathfinder Ventures Inc. (TSXV:RV):
Pathfinder Ventures Inc. is a leading provider of premium RV camping experiences, committed to delivering exceptional hospitality and modern amenities to outdoor enthusiasts. With a portfolio of strategically located resorts, Pathfinder offers unparalleled opportunities for memorable RV vacations.
To learn more about Pathfinder Camp Resorts, click the link below:
On behalf of the board of directors of the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Company Contact:
Joe Bleackley
Chief Executive Officer, and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca || PathfinderCampResorts.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information Cautionary Statement
This news release contains forward-looking statement related to Pathfinder's board of directors. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Corporation does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release.
In the case of RV, this news release includes certain "forward-looking statements" which are particular to RV and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe RV's future plans, objectives or goals, including words to the effect that RV or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to RV, RV provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, RV's objectives, goals or future plans, statements, and refinancing and funding. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the RV to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect RV' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding RV's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement or other disclosure document prepared and supplied on Sedar. Although RV believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Pathfinder Ventures Inc.
View the original press release on accesswire.com
FAQ
What accolade did Pathfinder Ventures Inc. recently receive?
How much did occupied site nights increase in July 2023 compared to July 2022?
Who joined Pathfinder's Board of Directors in December 2023?
What exclusive sales agreement did Pathfinder sign in December 2023?
Who is supporting Pathfinder with investor relations and corporate communication?
What are the projected RV wholesale shipment increases for 2024?
What is Pathfinder's focus in terms of growth opportunities?
