This increase over the prior year is attributable to the acquisitions of the three camp resort parks, which resulted in the operating results of those parks being consolidated into the Company’s financials. Operating expenses for Q4 and fiscal 2021 were $1,132,313 and $4,154,618, respectively, compared to 2020 operating expenses of $663,812 and $775,516, respectively. Based on management’s experience, these conditions are not indicative of regular ongoing camp operations. Revenues for fiscal 2021 were adversely impacted by (i) extensive renovations to the Agassiz and Parksville campgrounds that limited the number of campsites available during Q1 and Q2 (ii) extreme heat conditions during the summer and (iii) extreme flooding and freezing during the winter. This increase over the prior year is attributable to the acquisitions of the three camp resorts in the latter part of Q4 2020. (2) Occupied Site Nights is the sum of all actual nights the sites were occupied by visitors to the camp resorts when summing all occupied sites across the Company’s three camp resorts (for example: 1 camp site is available 7 Site Nights per week). (1) Note that the fiscal 2020 numbers presented only reflect the Company’s ownership of the camp resort parks from their date of acquisition, which occurred as follow: Pathfinder Agassiz on OctoPathfinder Fort Langley on Decemand Pathfinder Parksville on December 15, 2020. The consolidated financial statements and MD&A can be viewed at The financial information provided herein should be read in conjunction with and is qualified by additional information and disclosures contained in the consolidated financial statements, including the notes thereto, and the MD&A.įinancial Summary $, except where noted (1) We’re looking forward to announcing more RV resort locations and fine-tuning operations on our 3 fully operational parks in 2022.” Not only was 2021 our first year in operation but it was also the year we listed on the TSXV. Pathfinder is focused on delivering the best possible experience for our RV guests and we are thrilled to see the increase in interest and reservations at our Pathfinder Camp Resorts. Joe Bleackley, CEO, Founder and Director of Pathfinder, commented, “In 2021, the Pathfinder team did an incredible job laying the foundation and groundwork for a successful future in Canada’s growing RV Resort industry. The mortgage is secured by a first charge over the property, an existing commercial security agreement and an assignment of rents.

The purchase was funded by cash on hand and a $600,000 mortgage.

Pathfinder plans, subject to land-use and rezoning approvals, to use this 1.892-acre property to expand the Agassiz campground. On April 7, 2022, the Company completed the purchase of property adjacent to its existing Pathfinder Camp Resorts location in Agassiz B.C.Completion of qualifying transaction and listing on the TSX Venture Exchange.Net loss of $3,369,887 in 2021, compared to $667,633 during fiscal 2020, primarily driven by expenses incurred as part of the Company’s public listing, and the prior year having significantly reduced activity as project acquisitions occurred during Q4 2020.51,481 camp resort site nights (as defined below) occupied in 2021, compared to 31,994 camp resort site nights occupied in 2020.Cash used in operating activities was $767,729, compared to $687,574 during fiscal 2020.Cash and cash equivalents at Decemwere $2,092,893, compared to $1,110,950 at Decem.Adjusted EBITDA loss of $323,212, compared to $557,615 during fiscal 2020.Consolidated revenue of $2,462,427, in 2021 compared to $108,936 during fiscal 2020 (noting that Pathfinder’s three camp resort parks were only acquired by the Company during Q4 2020).(TSXV: RV) (OTCQB: RVRVF) (the “Company,” or “Pathfinder.”) is pleased to announce its audited consolidated financial statements and Management Discussion and Analysis (“MD&A”) for the three months and years ended Decemand 2020. VANCOUVER, B.C., – Pathfinder Ventures Inc. Pathfinder Announces Fourth Quarter and 2021 Financial Results

2021 path finder