Pathfinder Ventures Inc. Expands Operations into Eastern Canada

Pathfinder Ventures Inc. (TSXV:RV) has announced an agreement to manage five RV resorts in Eastern Canada, starting in 2024. This expansion adds to their existing operations and brings their total to nine RV resorts. Pathfinder has also secured a 24-month Right of First Refusal (ROFR) on these sites, which are located in Ontario and Nova Scotia. This allows them not only management rights but also the potential for future acquisition under favorable conditions.

The RV resorts included in this agreement are located in prominent vacation spots such as Haliburton, Muskoka, Marmora, Niagara, and Cheticamp in Nova Scotia. Known for their tourist appeal, these resorts align well with Pathfinder’s growth strategy of targeting areas with high tourism potential. The agreement is expected to boost the company's revenue and facilitate further integration into their existing portfolio.

Joe Bleackley, CEO of Pathfinder, highlighted the strategic importance of this expansion in tapping into thriving markets in both provinces. He noted that securing the ROFR and managing these prime locations positions Pathfinder for substantial growth within Canada’s RV park industry.