CIBT Investor Webinar - April 19th at 1 PM (EST) Thesis Capital will be hosting an exclusive investor webinar for CIBT Education Group Inc. (TSX: MBA | OTCQX: MBAIF) on Tuesday, April 19, 2022 at 1 PM (EST) to discuss the company's quarterly financial results, recent developments, growth outlook and the current state of Vancouver's real estate market
Register here: https://bit.ly/3uHhHtH
Investment Highlights:
- CIBT Education Group Inc. is one of the largest education and student housing investment companies in Canada focused on the domestic and the global education market since 1994.
- Rental Crisis in Vancouver: One of the lowest vacancy rates (~2%) in Canada
- Education Business: 34 locations with approximately 10,000 students
- C$1.5 billion Real Estate Portfolio: Under the GEC® brand, CIBT operates 7 rental facilities in Metro Vancouver and has 8 additional buildings under development
- YTD F2022 Financials (six months ended February 28, 2022): CIBT generated roughly C$33.79 million in revenue and EBITDA of C$9.41 million
- REIT Listing: CIBT plans to spin off its real estate subsidiary as a separately listed entity on a recognized North American stock exchange
- Clean Capital Structure: No warrant overhang