Greenbriar Moves Towards Closing Regional Real Estate Network
Aug 11, 2022
Newport Beach, California Aug 11, 2022 (Issuewire.com) - Greenbriar Capital Corp. ("Greenbriar") The Company is in the final stages of a formal binding offer to purchase an entire regional real estate franchise network ("Agency"). The purchase will have the sales, revenues, and net profits consolidated into a Greenbriar subsidiary.
The revenues we propose to buy, consist of the franchise ownership of 2,000 agents+, comprising USD $7.1 Billion of real estate sales and about USD $104 Million of consolidated commission income. This would have a major impact on the valuation of Greenbriar Capital Corp. Benefits to the real estate agency would be the merging into a public company, where the value of the merged company assets is far greater than the current share value, making this an accretive acquisition for both parties. The purchase price of the Agency is currently confidential, but can either be financed by bank loan for the full price, or common shares at a much higher market price (CDN $5.00), preferred shares, or any combination of the above. The Agency's CEO would become the Co-Executive Chairman, and Jeff Ciachurski would remain CEO of the merged entity. The agency's executives would become part of the merged entity. A news release will be issued upon closing to purchase.
The Agency's desire is to stay competitive in the brokerage business and to promote as a value-add, agent participation in the public stock, and direct participation in real estate asset growth.
About Greenbriar Capital Corp:
Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high-impact contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
For more information, please visit https://greenbriarcapitalcorp.ca/
Source :Blue Digital Media & Web Solutions
This article was originally published by IssueWire. Read the original article here.
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