Parkit Enterprise Inc. (TSXV:PKT) entered into an asset purchase agreement to acquire Portfolio of 10 industrial properties located in Winnipeg and Saskatchewan from two unknown sellers for CAD 90.3 million on January 16, 2023. The purchase price for the Acquisition is CAD 90,250,000, subject to adjustments. The purchase price will be satisfied with a mortgage and funds on hand. Depending on the satisfaction of certain closing conditions, closing is expected to occur in quarter 1 of 2023. The obligations of Parkit and the Vendor to complete the Acquisition is subject to the satisfaction of customary closing conditions.

Parkit Enterprise Inc. (TSXV:PKT) completed the acquisition of Portfolio of 10 industrial properties located in Winnipeg and Saskatchewan from two unknown sellers on March 20, 2023.