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Parvis Invest Inc
Symbol PVIS
Shares Issued 26,771,736
Close 2024-05-17 C$ 0.08
Market Cap C$ 2,141,739
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Parvis adds new EMD issuer client Core Development

2024-05-21 14:25 ET - News Release

Mr. David Michaud reports

PARVIS ANNOUNCES PARTNERSHIP WITH CORE DEVELOPMENT GROUP

Parvis Invest Inc. has onboarded a new exempt market dealer (EMD) issuer client, Core Development Group Ltd.

Core is a Toronto-based real estate development company that actively sources, capitalizes, develops and manages a wide range of real estate projects and has an impressive portfolio of over 2,275 residential units with over $1.55-billion in projected completion value.

As part of its agreement with Core, Parvis will become their dedicated investment platform as an exempt market dealer (EMD) via its subsidiary, Parvis Investment Services Inc. This partnership will unlock efficiency improvements with compliance and regulatory services, and fast-track the creation of an investor portal for Core.

"We are thrilled to share the news of our latest investor agreement with Core," said David Michaud, Parvis's chief executive officer. "Our team has been focused on building Parvis's EMD solutions vertical through our growing portfolio of products and partners -- Core is a significant addition to our roster. Their team delivers quality projects across the GTA, Burlington and Hamilton markets, and are known for their distinct urban mixed-use developments combining innovative architectural design with high-quality construction. We are excited to make their product accessible to a wider audience via Parvis," continued Mr. Michaud.

These partnerships underscore Parvis's commitment to broadening the scope and accessibility of real estate investments, leveraging our cutting-edge platform to serve an expanding array of issuer clients. This strategic move not only enhances liquidity in the private asset space but also significantly propels Parvis's market footprint, revenue streams and investment handling efficiencies.

About Parvis Invest Inc.

Parvis is a technology-driven real estate investing platform. Focused on broadening access to institutional quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking and maximizing investments an experience that is both frictionless and empowering. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, Kelowna and Montreal.

We seek Safe Harbor.

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