Parkit Enterprise Inc.

Recent News

  • Parkit Enterprise Announces Purchase of 5610 Finch Ave East

    Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has entered into an asset purchase agreement (the "Purchase Agreement"), with a private company (the "Vendor"), pursuant to which Parkit has agreed to purchase one property, located at 5610 Finch Ave East, Toronto, Ontario (the "Property"), for an aggregate purchase price of $12,250,000, subject to customary adjustments (the "Proposed Acquisition"). It is anticipated that...

    2021-01-25 5:23 PM EST
  • Parkit Enterprise Completes $36.25MM Industrial Real Estate Acquisition and $10MM Private Placement and Announces Board Changes

    Vancouver, British Columbia--(Newsfile Corp. - December 29, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit") is pleased to announce that it has completed its previously announced (see press release dated November 24, 2020) acquisition of two industrial properties, one located at 5600 Finch Ave East, Toronto, Ontario and the other at 4390 Paletta Court, Burlington, Ontario (the "Properties"), for an aggregate purchase price of $36,250,000. Concurrent with the closing of the acquisitions, Parkit also completed its previously...

    2020-12-29 5:43 PM EST
  • Parkit Enterprise Announces Sale of Riccio Lot

    Vancouver, British Columbia--(Newsfile Corp. - December 7, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") today announced that the Riccio parking lot in Connecticut, USA, which was held within the OP Holdings Joint Venture, has been disposed of at a price of USD $4,550,000. Parkit's share of the proceeds is approximately USD $2,000,000 with such funds remaining in the joint venture. About PARKITParkit Enterprise Inc. is engaged in the acquisition, optimization and...

    2020-12-07 8:00 AM EST
  • Parkit Enterprise Announces Proposed $36.25MM Industrial Real Estate Acquisition and $10MM Private Placement

    Toronto, Ontario--(Newsfile Corp. - November 24, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC Pink: PKTEF) ("Parkit") has entered into an asset purchase agreement dated November 24, 2020 (the "Purchase Agreement"), with two private companies (collectively, referred to as the "Vendors"), pursuant to which Parkit has agreed to purchase two properties, located at 5600 Finch Ave East, Toronto, Ontario and 4390 Paletta Court, Burlington, Ontario (the "Properties"), for an aggregate purchase price of $36,250,000, subject to customary adjustments (the "Proposed Acquisition"). The...

    2020-11-24 9:50 AM EST
  • Parkit Enterprise Releases Q2 2020 Results

    Vancouver, British Columbia--(Newsfile Corp. - July 3, 2020) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") has recently filed its interim financial statements and management discussion and analysis for the quarter ended April 30, 2020 ("Q2 2020") on SEDAR (www.sedar.com). The financial highlights for the period include the following:Loss of $322,927 from joint venture for the quarter.Net loss of $374,383 for the quarter, representing a $0.01 loss per share. Reduced general and administrative expenses...

    2020-07-03 5:10 PM EDT