Pathfinder Ventures Announces Q3 2021 (Pre-RTO) Financial Results
Three months ended September 30, 2021 Release Highlights:
(All figures are in Canadian dollars)
- Revenues of $1,175,226
- Adjusted EBITDA of $559,924
VANCOUVER, B.C., November 29, 2021 –Pathfinder Ventures Inc. (TSXV: RV) (the “Corporation,” “RV” or “Pathfinder.”) is pleased to announce it has filed on SEDAR the unaudited consolidated financial statements and Management Discussion and Analysis for it’s newly acquired operating subsidiary, Pacific Frontier Investment Inc. (PFI”), for the three and nine months (pre-acquisition) ended September 30, 2021, and 2020. These consolidated financial statements and MD&A are for PFI for the period immediately prior to the completion of the Corporation’s reverse takeover by PFI on October 14, 2021.
The consolidated financial statements and MD&A can be viewed at www.sedar.com. The financial information provided herein should be read in conjunction with and is qualified by additional information and disclosures contained in the consolidated financial statements, including the notes thereto, and the MD&A.
Mr. Joe Bleackley, CEO, Founder and Director of Pathfinder, commented, “We are proud to announce our Q3 2021 results which include revenues from our 3rd acquisition and improved Pathfinder Camp Resort location which opened in late July. All of 2021 is a planned investment period where we’re making key investments in team and infrastructure to lay the foundation for our future growth of Pathfinder Camp Resorts.”
Non-IFRS Financial Measures
The discussion of consolidated financial results in this press release includes references to “Adjusted EBITDA” (earnings before interest, taxes, depreciation, and amortization), which is a non-IFRS performance measure. The Company presents these measures to provide additional information regarding the Company’s financial results and performance. Please refer to the Company’s MD&A for the three and nine-month periods ended September 30, 2021 and 2020 for a reconciliation of these measures to reported IFRS results.
About Pathfinder Ventures
Pathfinder Ventures Inc. is developing a network of premier branded, upscale and family-friendly RV parks and campgrounds under the “Pathfinder Camp Resorts” name. Pathfinder currently has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and new construction. The Corporation is taking advantage of the rapidly growing market of Canadians who want to experience the great outdoors in an RV.
On behalf of the board of directors of the Corporation:
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
For further information, please contact:
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.