Announcement • Nov 20
Emergia Inc. Announces Board of Directors Appointment Emergia Inc. announced at the meeting of shareholders held on November 15, 2024, approved SET THE NUMBER OF DIRECTORS: ROY SCAINI, JOSEPH CIANCI, CAROLD BRETON and GUERY E. GOYO. Announcement • Apr 30
Emergia Inc. announced that it expects to receive funding from Palos Capital Corporation Emergia Inc announced signing of a non-binding Term Sheet with new investor, Palos Capital Corporation to issue convertible debentures on April 29, 2024. The non-binding Term Sheet is subject to a 90-day exclusivity period for the completion of due diligence and to negotiate definitive, binding agreements Announcement • Jun 29
Emergia Inc. announced that it has received CAD 0.15 million in funding Emergia Inc. announced a private placement of 600,000 class A common shares at a price of CAD 0.25 per share for the gross proceeds of CAD 0.15 million on June 28, 2023. New Risk • Jun 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.0m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (27% average weekly change). High level of non-cash earnings (32% accrual ratio). Revenue is less than US$1m (CA$663k revenue, or US$503k). Market cap is less than US$10m (CA$13.0m market cap, or US$9.88m). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Nov 17
Third quarter 2022 earnings released: CA$0.012 loss per share (vs CA$0.032 loss in 3Q 2021) Third quarter 2022 results: CA$0.012 loss per share (improved from CA$0.032 loss in 3Q 2021). Net loss: CA$564.1k (loss narrowed 40% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.024 loss per share (vs CA$0.014 profit in 2Q 2021) Second quarter 2022 results: CA$0.024 loss per share (down from CA$0.014 profit in 2Q 2021). Net loss: CA$1.11m (down 449% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 10
Full year 2021 earnings released: EPS: CA$1.10 (vs CA$1.43 loss in FY 2020) Full year 2021 results: EPS: CA$1.10 (up from CA$1.43 loss in FY 2020). Net income: CA$32.6m (up CA$59.8m from FY 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Apr 19
Emergia Inc., Annual General Meeting, Jun 23, 2022 Emergia Inc., Annual General Meeting, Jun 23, 2022. Announcement • Apr 14
Emergia Inc. announced that it has received funding On April 13, 2022 Emergia Inc. closed the transaction. On the same day, the company announced that it has amended the terms of the transaction. The company has issued $705,000 of convertible debentures and $600,000 in units of the Corporation at a price of $0.80 per Unit for gross proceeds of $1,305,000 for its third tranche. Announcement • Apr 06
Emergia Inc. (CNSX:EMER) completed the acquisition of 30.5% stake in a Portfolio of six Retail Plazas in six cities in Ontario for CAD 40.3 million. Emergia Inc. (CNSX:EMER) entered into a binding agreement to acquire a 31% stake in Portfolio of six Retail Plazas in six cities in Ontario for CAD 40.7 million on February 22, 2022. The purchase price for the acquisition is approximately CAD 40.69 million and is anticipated to be paid through a combination of cash, assumption of debt and the issuance to the vendors of up to approximately CAD 10.14 million of class “A” common shares at a price of CAD 1.00 per Share. The closing is subject to customary conditions and expected to take place on February 28, 2022.
As of March 2, 2022 Emergia Inc. (CNSX:EMER) has completed the first closing of the transaction. The first Closing represents approximately 90.7% of the purchase price for the acquisition of the Interest in the Portfolio, representing approximately CAD 36.9 million out of the CAD 40.7 million total purchase price, which has been paid through a combination of assumption of debt and the issuance to the vendors of CAD 9.4947 million worth of class “A” common shares of the Corporation at a price of CAD 1.00 per share. The transaction was unanimously approved by the Board of the Corporation. The closing for the balance of the transaction, is expected to take place on March 15, 2022.
Emergia Inc. (CNSX:EMER) completed the acquisition of 30.5% stake in a Portfolio of six Retail Plazas in six cities in Ontario for CAD 40.3 million on April 5, 2022. The total purchase price of approximately CAD 40.3 million has been paid through a combination of assumption of the existing mortgages, the issuance of 9.7768 million Class “A” common shares of Emergia Inc. (CNSX:EMER), and the balance being paid in cash. Buying Opportunity • Mar 18
Now 29% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be CA$1.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10% per annum over the last 3 years. Announcement • Feb 24
Emergia Inc. (CNSX:EMER) entered into a binding agreement to acquire a 31% stake in Portfolio of six Retail Plazas in six cities in Ontario for CAD 40.7 million. Emergia Inc. (CNSX:EMER) entered into a binding agreement to acquire a 31% stake in Portfolio of six Retail Plazas in six cities in Ontario for CAD 40.7 million on February 22, 2022. The purchase price for the acquisition is approximately CAD 40.69 million and is anticipated to be paid through a combination of cash, assumption of debt and the issuance to the vendors of up to approximately CAD 10.14 million of class “A” common shares at a price of CAD 1.00 per Share. The closing is subject to customary conditions and expected to take place on February 28, 2022. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Net loss: CA$940.1k (loss narrowed 77% from 3Q 2020). Revenue was in line with analyst estimates. Reported Earnings • Aug 27
Second quarter 2021 earnings released Second quarter 2021 results: Net income: CA$319.1k (up CA$1.49m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 03
First quarter 2021 earnings released First quarter 2021 results: Net loss: CA$153.4k (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Reported Earnings • May 22
Full year 2020 earnings released Full year 2020 results: Net loss: CA$27.2m (loss widened 354% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • May 21
Emergia Inc. (CNSX:EMER) entered into a binding agreement to acquire a 85% stake in Portfolio of 6 retail plazas located in Ontario for approximately CAD 120 million. Emergia Inc. (CNSX:EMER) entered into a binding agreement to acquire a 85% stake in Portfolio of 6 retail plazas located in Ontario for approximately CAD 120 million in second quarter of 2021. Total consideration for the transaction consists of approximately CAD 89.3 million which is payable by the assumption of debt and approximately CAD 32 million which is payable in a combination of cash and shares of the Emergia Inc. The transaction is subject to customary conditions. The closing of the transaction is expected to take place in the third quarter of 2021. Announcement • Feb 10
Emergia Inc. Announces Board Changes Emergia Inc. announced that M. Yves Séguin has to step down from his current position as director and chairman of the Board, due to professional reasons. The Board of Directors of the Corporation has appointed Henri Petit, who had been serving as Chief Executive Officer since the end of 2018, as the chairman of the Board. Executive Departure • Feb 10
Chairman of the Board Yves Seguin has left the company On the 9th of February, Yves Seguin's tenure as Chairman of the Board ended after 1.6 years in the role. As of September 2020, Yves personally held only 48.00k shares (CA$43k worth at the time). Yves is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 06
New 90-day high: CA$1.15 The company is up 130% from its price of CA$0.50 on 06 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: CA$1.05 The company is up 5.0% from its price of CA$1.00 on 10 September 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: CA$0.85 The company is down 26% from its price of CA$1.15 on 07 July 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 13% over the same period. 