Announcement • May 29
Parvis Invest Inc. announced that it expects to receive CAD 3 million in funding Parvis Invest Inc. a non-brokered private placement to issue 5,454,545 units at a price of CAD 0.55 per unit for gross proceeds of CAD 2,999,999.75 on May 28, 2026. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.65 for 24 months from closing. The company has granted an overallotment option of up to 25% of the proceeds. The offering is anticipated to close on or about July 2, 2026, subject to TSX Venture Exchange acceptance and satisfaction of customary closing conditions. All securities issued will be subject to a statutory hold period of four months and one day from the closing date. The proposed offering price remains subject to Exchange acceptance. Announcement • May 22
Parvis Invest Inc. (TSXV:PVIS) signed a letter of intent to acquire FavorPoint Capital. Parvis Invest Inc. (TSXV:PVIS) has entered into a binding Letter of Intent to acquire FavorPoint Capital on May 21, 2026.
The transaction is subject to customary closing conditions, approval by regulatory board / committee, consummation of due diligence investigation and third party approval needed. The expected completion of the transaction is June 15, 2026.
Parvis will acquire an initial 24.9% minority interest in FavorPoint, with the remaining 75.1% interest to be acquired following the approval of a Continuing Membership Application ("CMA") by the Financial Industry Regulatory Authority ("FINRA"). New Risk • Apr 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$754k free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (CA$7.01m market cap, or US$5.05m). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Revenue is less than US$5m (CA$2.2m revenue, or US$1.6m). Reported Earnings • Mar 05
Third quarter 2026 earnings released: CA$0.009 loss per share (vs CA$0.019 loss in 3Q 2025) Third quarter 2026 results: CA$0.009 loss per share (improved from CA$0.019 loss in 3Q 2025). Revenue: CA$638.4k (up 204% from 3Q 2025). Net loss: CA$234.5k (loss narrowed 53% from 3Q 2025). New Risk • Mar 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (CA$6.29m market cap, or US$4.60m). Minor Risk Revenue is less than US$5m (CA$1.8m revenue, or US$1.3m). Reported Earnings • Dec 05
Second quarter 2026 earnings released: EPS: CA$0.005 (vs CA$0.014 loss in 2Q 2025) Second quarter 2026 results: EPS: CA$0.005 (up from CA$0.014 loss in 2Q 2025). Revenue: CA$715.9k (up 190% from 2Q 2025). Net income: CA$129.5k (up CA$496.9k from 2Q 2025). Profit margin: 18% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 3.9% per year over the past 5 years. Revenue is less than US$1m (CA$1.3m revenue, or US$946k). Market cap is less than US$10m (CA$2.41m market cap, or US$1.75m). Reported Earnings • Aug 03
Full year 2025 earnings released: CA$0.059 loss per share (vs CA$0.069 loss in FY 2024) Full year 2025 results: CA$0.059 loss per share (improved from CA$0.069 loss in FY 2024). Revenue: CA$954.8k (up 427% from FY 2024). Net loss: CA$1.58m (loss narrowed 14% from FY 2024). Announcement • Jul 30
Parvis Invest Inc., Annual General Meeting, Oct 10, 2025 Parvis Invest Inc., Annual General Meeting, Oct 10, 2025. Announcement • Jun 05
Parvis Invest Inc. announced that it expects to receive CAD 0.8 million in funding from Lankin Investments Inc. and another investor Parvis Invest Inc. announced a non-brokered private placement of unsecured convertible debentures for aggregate gross proceeds of up to CAD 800,000 on June 4, 2025. The debentured will have a coupon rate of 10% per annum. Each tranche of Debentures will be convertible into common shares of the Company at the option of the holder at a fixed conversion price of CAD 0.06 per share during the first 12 months following issuance of the first tranche, and CAD 0.10 per share thereafter. The second and third tranches will have fixed conversion prices of CAD 0.20 and CAD 0.35 per share, respectively. The offering is subject to customary closing conditions, including the conditional and final approvals of the TSXV. All securities issued pursuant to the Offering, including any common shares issuable upon conversion of the Debentures, will be subject to a statutory hold period of four months and one day from the date of issuance of the Debentures, in accordance with applicable securities laws and TSXV policies. The transaction will include participation from Lankin Investments Inc., Bluestar Flagship Fund. The transaction will be completed in three tranches, consisting of CAD 300,000 in each of the first two tranches and CAD 200,000 in the final tranche. The company intends to proceed with the closing of the first tranche of CCAD 300,000 in principal amount in the near term. Board Change • Apr 25
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Founder, CEO & Director David Michaud is the most experienced director on the board, commencing their role in 2023. Independent Director Jeff McCann was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Mar 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.4m free cash flow). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (CA$654k revenue, or US$455k). Market cap is less than US$10m (CA$2.41m market cap, or US$1.68m). Announcement • Jan 26
Parvis Invest Inc. Announces Chief Financial Officer Changes Parvis Invest Inc. announced that Jas Bagry has submitted his resignation as Chief Financial Officer (CFO) of the Company, effective January 31, 2025. Bagry will remain on the Board of Directors. Following Bagry's resignation, Thomas Chan, the Company's Director of Finance, will assume the role of Interim CFO. Tommy Chan brings over 15 years of experience in corporate finance, financial planning and analysis, and leadership across a variety of industries, including InsurTech, retail, and investment banking. Before joining Parvis, Mr. Chan held senior roles at Apollo Insurance, Trader Corporation, Walmart Canada, Deloitte Corporate Finance, and NewPoint Capital Partners. He is a CFA Charterholder and holds a Bachelor of Business Administration from Wilfrid Laurier University. Announcement • Jan 25
Parvis Invest Inc. Announces Executive and Board Changes The team updates include the promotion of Zoe Seguev to Chief Compliance Officer (CCO) & Head of Operations and Guillermo O'Byrne to Director of Product. Since joining Parvis in March 2023, Zoe Seguev has been instrumental in building the company's operational and compliance framework. With over a decade of regulatory compliance and operational leadership experience, she previously held senior roles at Soho House &Co, WeWork, and Coinsquare, where she contributed to securing Canada's first IIROC-regulated crypto broker-dealer status. In her expanded role, Zoe will oversee compliance, align operations with regulatory standards, and play a key role in launching the Parvis Direct Access Fund and expanding the Secondary Market. Guillermo O'Byrne, promoted to Director of Product, has been integral to advancing Parvis' platform and technology initiatives since joining in 2022 during the company's early days. With over seven years of experience in product management, Guillermo has a proven track record of delivering impactful results at Method:CRM and BMO Capital Markets. He holds a bachelor's degree in Industrial Engineering from the University of Toronto. In his role, Guillermo will lead product strategy and innovation, ensuring Parvis continues to deliver exceptional solutions for its investors while driving the platform's evolution as a leader in private real estate investing. Board Change • Jul 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 1 independent director (5 non-independent directors). Founder, CFO & Director Jas Bagry is the most experienced director on the board, commencing their role in 2023. Independent Director Jeff McCann was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jul 18
Parvis Invest Inc., Annual General Meeting, Sep 24, 2024 Parvis Invest Inc., Annual General Meeting, Sep 24, 2024. New Risk • Dec 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Revenue is less than US$1m (CA$64k revenue, or US$49k). Market cap is less than US$10m (CA$913.9k market cap, or US$692.3k). Announcement • Jul 26
Parvis Invest Inc., Annual General Meeting, Aug 31, 2023 Parvis Invest Inc., Annual General Meeting, Aug 31, 2023. New Risk • Jul 26
New major risk - Revenue and earnings growth Revenue has declined by 100% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 100% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (CA$645.1k market cap, or US$489.7k). Minor Risk Less than 3 years of financial data is available. Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Jeff McCann was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Blair McCreadie was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 