Visionary Holdings Inc (OQ:GV)

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Company Contact

Address:	105 Moatfield Drive, Unit 1003 MARKHAM ON M3B 0A4
Tel:	N/A
Website:	https://visiongroupca.com
IR:	See website

Key People

Thomas Traves Chairman of the Board	Xu Guiping Chief Executive Officer, Chief Operating Officer	Katy Liu Chief Financial Officer
Fan Zhou Executive Director	Harley Dentremont Chief Academic Officer

Business Overview

Visionary Holdings Inc., formerly Visionary Education Technology Holdings Group Inc., is a Canada-based private education provider. The Company with subsidiaries in Canada and market partners in China offers education resources to students around the globe. It is engaged in education-related businesses that includes high school education programs, real estate development, animation education, vocational education, online education, and other education-related consulting services. Its businesses are organized into three clusters: degree-oriented education, vocational education, and education services. It operates education services to support its students enrolled in both the degree-oriented and vocational education programs. Such support includes study visa and immigration visa services, student housing, job placement, and funding. It offers four levels of degree-oriented education programs: Ontario Secondary School Diploma, college, university bachelor's degree, and master's degree.

Financial Overview

For the six months ended 30 September 2023, Visionary Holdings Inc revenues increased from $1.9M to $5M. Net income totaled $4M vs. loss of $2.7M. Revenues reflect Revenue rent increase from $1.3M to $4.5M. Net Income reflects Loss on derivative liabilities valuation increase from $1.5M (expense) to $368K (income), Salaries decrease of 45% to $445K (expense), Other income increase from $28K to $72K (income).

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