Pathfinder Ventures Inc. is growing its brand of Resorts with three resorts currently in operation. The company is committed to developing the business opportunities that exist given the growing trend of people looking to explore, , and reside in . achieved several milestones over the past year, while the industry remained strong and demand for modern continued.
Manufacturers: Shipments Break Multiple Records in 2020 and 2021
According to the RVIA Industry Report, 2020 saw a year-on-year increase inshipments in of 6% due to a surge in sales, despite an industry shutdown that lasted 2 months. shipments increased over 39% in 2021 compared to 2020. In March 2021, monthly shipments hit a record 54,291 units, which was broken in September, and then again in October for a total monthly shipment of 57,971 units.
- shipments in totaled 600,090 in 2021, a 39.45% increase from 2020.
- 11 out of 12 months broke shipment records for their respective months, the exception being December.
- The record for most shipments in one month was broken 3 times in 2021, with the new record of 57,971—an increase of 12.3% over the previous monthly record set in 2018.
Winnebago Industries (NYSE: WGO) saw Q4 revenues of $1B as reported in October 2021. The conglomerate experienced record-setting revenues of $3.6B for their fiscal 2021—a 54.1% increase from 2020.shipments remained strong to close out 2021. Total shipments hit a record high in Q4 2021 compared to any other Q4 on record, and an increase of 13.23% compared year-on-year with 2020.
maker (NYSE: THO) announced more than $18 billion in backlogged orders and says its dealers may not be fully restocked until 2023.
KOA (Kampgrounds of America) announced that 2021 saw a 33% growth in revenue from its previous best year in 2019. There are strong indications this surge in interest will continue as KOA has seen a 51% increase in advanced deposits on future business for 2022. (https://rvbusiness.com/koa-surpasses-record-year-by-impressive-33-in-2021).
2021Ventures Chronological Review
Significant milestones and achievements in 2021:
- Two Resorts fully renovated and open for business in 2021.
- Major infrastructure upgrades at two locations with respect to water, sewer, electrical & WiFi to accommodate the modern-day requirements.
- Three brand new playgrounds, 1 new pool, and 1 refurbished pool added to Agassiz and .
- Company reports strong Q3 financials, demonstrating steady and demand.
- 100% Winter Program occupancy at Fort in Fort Langley.
- Expansion plans in place as the company entered into an agreement to acquire a 1.892-acre property adjacent to its existing Resort location in Agassiz .
- Company goes public and begins trading on the TSX Venture Exchange under ticker symbol ‘ ’.
- Ventures adds two members with over 60 years combined experience to its Advisory Board, Shenoor Jadavji and .
Agassiz andUnder Extensive Renovations and Upgrades
During Q1 2021,was focused on major renovations at the newly acquired Agassiz-Harrison and Resort locations. Renovations included major upgrades to water, sewer, and power services; raised roadways and complete renovations with modern . New premium wi-fi was installed, along with other software infrastructure improvements.
Two NewResorts Open Summer 2021
Q2 and Q3 2021 saw the completion and opening of both Agassiz-Harrison &locations. Agassiz-Harrison opened May 19th, and opened mid-July. Both locations saw a strong and immediate demand for from customers on day one, proving Pathfinder’s business model and the industry’s need for more modern-day and locations.
Ventures Announces Q3 2021 (Pre-RTO) Financial Results
Three months ended September 30, 2021, Release Highlights:
(All figures are in Canadian dollars)
- Revenues of $1,175,226
- Adjusted EBITDA of $559,924
The consolidated financial statements and MD&A for the 3 and 9 months ending September 30, 2021, can be viewed at www.sedar.com.
Reports 100% Occupancy for Winter Program in Fraser Valley
Fall and Winterbegan during Q4 2021 where the Fort Langley resort, Fort , saw its second straight year of 100% occupancy for its winter stay program, despite US-Canada borders reopening.
Ventures Goes Public
Ventures went public on the TSX Venture Exchange during Q4 2021 and is now trading under the ticker symbol ‘ ’.
Strengthens Advisory Board
Ventures added two advisors to its Advisory Board in Q4. Shenoor Jadavji, Founder and President at Lotus Capital along with , Founder and CEO at United Park Brokers joined the Ventures Advisory Board. The new advisors add a combined 60 years of experience in the commercial realty and sectors.
Ventures Announces Expansion Plans
The company announced in December that it has entered into an agreement with an arms-length party to acquire a 100% interest in a 1.892-acre property adjacent to its existingResort location in Agassiz . for an aggregate purchase price of $750,000 in cash (excluding closing costs).
“This property offers significant growth potential for our newly renovatedResort in Agassiz . We have the staffing and in place, so we will plan to develop most of the 1.892 acres into additional offering full hook-up connections for our customers,” said Joe Bleackley, Founder and CEO.
Focused on Building Acquisition Pipeline Targets in 2022
Ventures plans to aggressively add to its three operating resorts under the Resorts brand. Plans are already in place to expand its Agassiz location while the company is also targeting a number of other properties in ., executing a roll-up strategy to increase assets and cash flow. Ventures is targeting additional properties in the Southern Okanagan, Kootenays, and Sea-to-Sky regions.
Diversified Asset Classes –& Self Storage / Communities
Strong, boat, and outdoor recreation sales have also led to an increased demand for & self-storage. To complement its resorts, Ventures is looking at acquiring operational or developable land suitable for & self-storage businesses within close proximity to its Resort locations.
“In 2022,is well-positioned to become the largest & Campground brand in , and we are excited to enter the & Self Storage market to complement our Resorts and better serve our customers year-round,” said Joe Bleackley, Founder and CEO.
Ventures Inc. is developing a network of premier branded, upscale and family-friendly and under the “ Resorts” name. currently has three resorts located in . and is focused on growing its network through both acquisitions and new construction. The Corporation is taking advantage of the rapidly growing market of Canadians who want to experience the great in an .