MONTREAL, Nov. 17, 2022 (GLOBE NEWSWIRE) -- (CSE: EMER) Emergia Inc. (the “Corporation” or “EMERGIA”) announces that it has filed Wednesday, at the end of the day, its Q3-2022 Quarterly Report, including its Q3-2022 financial statements, Management’s Discussion & Analysis, and the related certifications for the three-month and nine-month periods ended September 30, 2022.
“We are proud of the results for the nine-month period ended on September 30, 2022, that shows a significant improvement on a year-over-year basis. Emergia has reached its turning point, after having improved its balance sheet by reducing its global debt ratio by 20% and increased the total assets by 62% in the last twelve months. Emergia has now entered the phase of growth and building value for its stakeholders,” said Henri Petit, President and Chief Executive Officer of the Corporation. “Furthermore, we are in the process of refinancing the current liabilities into long-term debt and in discussions to make acquisitions aiming to increase, in the short-term, the income producing properties asset base of Emergia’s portfolio,” added Henri Petit.
More detailed information is contained in the Q3-2022 Quarterly Report available under the Corporation’s profile on SEDAR at www.sedar.com.
ABOUT EMERGIA INC.
EMERGIA operates mainly in Canada in the development, acquisition, and management of multi-purpose real estate, including retail, multifamily, industrial, and office buildings as well as land for future development. The Corporation’s investment platform is based on an integrated, agile, and efficient develop-to-own strategy that enables EMERGIA to benefit from development profits and the value-add while securing stable long-term returns.
For more information, please visit www.emergia.com and www.sedar.com. EMER.CN
Source: Emergia Inc. For more Information, please contact:
Henri Petit CEO T: 1.888.520.1414 (Ext. 231) E: hpetit@emergia.com