The team at
CIBT Education Group Inc. (TSX: MBA, OTCQX: MBAIF, Forum) reported this week that it had filed its consolidated financial statements and related management's discussion and analysis for its first quarter of fiscal 2021 ended November 30th, 2020. Total revenues were $14,402, EBITDA (non-IFRS) was at $5,054, while Adjusted EBITDA (non-IFRS) was $4,308.
To find the Q1 Filing in its entirety, click
here.
One of the largest education and student housing investment companies in Canada, CIBT recently engaged in a partnership on the
GEC King Edward Project, a four-storey rental apartment with six two-storey townhouses, and acquired three parcels of land to develop student-centric rental apartments to be combined with allocated floors for Vancouver’s burgeoning corporate housing sector. The construction period will be approximately 18 months, slated for a mid-2022 completion.
FULL DISCLOSURE: CIBT Education Group Inc. is a client of Stockhouse Publishing.