FIRSTFUND REPORTS 2023 FIRST QUARTER RESULTS

About this update from Consolidated Firstfund Capital Corp.

[{"type":"text","content":"\n \n \n \n FIRSTFUND REPORTS 2023 FIRST QUARTER RESULTS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSXV Trading Symbol:  FFP\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 30, 2023\n \n \n /CNW/ - The financial results of Consolidated Firstfund Capital Corp. (TSXV: FFP) (the \"Company\" or \"Firstfund\") for the three months ended\n \n March 31, 2023\n \n show a net loss of\n \n $15,407\n \n or\n \n $0.00\n \n per share (2022 -\n \n $124,743\n \n or\n \n $0.02\n \n per share).  The Company recorded an unrealized net loss of\n \n $35,043\n \n in 2023 (2022 -\n \n $140,173\n \n ) on the revaluation of the investments in Vitality Products Inc. (TSXV: VPI) measured at fair value through profit or loss.  The Company's fee income increased to\n \n $85,608\n \n for the three months ended\n \n March 31, 2023\n \n (2022 -\n \n $80,480\n \n ).\n \n \n The Company's condensed consolidated interim financial statements and management's discussion and analysis for the three months ended\n \n March 31, 2023\n \n and 2022 are available on SEDAR at\n \n www.sedar.com\n \n .\n \n \n \n \n About Firstfund\n \n \n \n \n Consolidated Firstfund Capital Corp. (TSXV: FFP) is a venture capital and property development and management company doing business primarily in\n \n Canada\n \n and the West Coast of the United States.  The Company is an investment issuer listed on the TSX Venture Exchange.  Firstfund has invested its capital in both private companies and publicly traded companies since 1983.  The Company continues to investigate other investment opportunities for its portfolio.  Firstfund earns fee income for real estate development and property management activities performed on properties owned by other companies and limited partnerships managed by companies under common control.\n \n \n On behalf of the Board of\n \n \n CONSOLIDATED FIRSTFUND CAPITAL CORP.\n \n \n \n \n \"W.\n \n Douglas Grant\n \n \" (signed)\n \n \n \n ______________________________\n \n W.\n \n...

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