Parvis Invest Defers Planned US Expansion, Will Not Acquire FavorPoint Capital

MT newswire2026/10/30 19:56

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03:56 PM EDT, 10/30/2026 (MT Newswires) -- Parvis Invest (PVIS.V) is deferring its planned US expansion and will not be acquiring FavorPoint Capital, the company said on Friday. The decision reflects Parvis' decision to maximize the value of the strategic acquisitions completed earlier this year, namely Atlas One Digital Securities and Richmond Global Wealth. Parvis also reported a swing to net income of CA$335,000 for the six months ended Sept. 30, compared with a loss of CA$88,900 in the previous corresponding period. It said revenue jumped 21% to CA$1.39 million, from CA$1.15 million over the same period. Parvis Invest shares were last seen edging up CA$0.035 to CA$0.285 on the TSX Venture Exchange. Price: 0.29, Change: +0.04, Percent Change: +14.00

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