Business
CanaDream Corporation, a Market Leader in Canadian RV Rental & Sales, Reports Record Financial Results for Six Months Ending October 31, 2016 - Video News Alert on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2016) - CanaDream Corporation (TSX...

About this update from Cdn Maverick Capital Corp
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2016) - CanaDream Corporation (TSXV: CDN), a market leader in the Canadian recreational vehicle rental & sales industry, continues to report record financial results. For the six months ended October 31, 2016, revenues hit $34.8 million, an increase of 17% over the $29.8 million reported in the six months ending October 31, 2015. InvestmentPitch.com has produced a " video news alert " which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "CanaDream" in the search box. It is also available for viewing on YouTube ( click here ). Cannot view this video? Visit: http://www.investmentpitch.com/video/0_ndi01gqx/CanaDream-Corporation-TSXV-CDN-Continues-to-Report-Record-Financial-Results Net income of $8.4 million was up 7% from the $7.9 million reported in the comparable six month period in 2015, with earnings per share of 43.2 cents, up 6% from the 40.6 cents reported in comparable period in 2015. At October, 2016, investment in the Guest fleet was $34.6 million, an increase of $9.3 million from April 30, 2016, net of fleet purchases and disposals. Guest revenue increased 10% due to increased average nightly revenue. Fleet sales revenue increased 33% due to a higher volume of unit sales of Guest fleet and fleet inventory. The company turns over its inventory of recreational vehicles and fleet inventory on a continuous basis throughout the year, on both a wholesale and retail basis, with sales generally strongest from January to early summer. The company's core business, promoting the opportunity to "experience Canada at your own pace™" is seasonal in nature, with the company entering its slower period between November and April, when it normally experiences operating losses. The company utilizes its proprietary B-to-B web-enabled system, www.canadasbest.com , and its business-to-consumer on-line internet reservation system, www.canadream.com , to operate and expand its network of RV rental locations in Canada. CanaDream maintains 6 company-operated locations in Calgary, Vancouver, Whitehorse, Toronto, Montreal, and Halifax. CanaDream offers a global RV solution by partnering with Apollo Motorhome Holidays in Australia, New Zealand and the USA. The company is also leveraging its proprietary technology to build a collective membership network of associate dealers that are fully interconnected to CanaDream's e-commerce systems, and currently has one associate dealer franchisee in Edmonton, Alberta. The shares are trading at $1.64 and with 19.5 million shares outstanding, the company is capitalized at $32 million. For more information, please visit the company's website www.CanaDream.com or contact Brian Gronberg, President & CEO at 800-461-7368 or email [email protected] . About InvestmentPitch Media InvestmentPitch Media is arguably the largest producer and distributer of video news content, primarily for small and mid-cap companies. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors. CONTACT: InvestmentPitch Media Barry Morgan, CFO [email protected] copyright (c) newsfile corp. 2016
View stock analysis, news, and events for Cdn Maverick Capital Corp