Visionary Holdings expands with two new joint ventures

Visionary Holdings Inc. (OTC:VHLD), a micro-cap company with a market value of $5.8 million and currently trading at $1.50, announced today the formation of two new joint ventures, signaling a strategic expansion into digital currency technology and healthcare sectors.

According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, suggesting potential upside for investors willing to consider small-cap opportunities. The educational services provider entered into agreements on December 30, 2024, with UBX Technology Inc. and Gensea International Co. Limited to establish separate joint ventures named Goldmine Technology Finance Group Inc. and American Precision Biotech Inc., respectively.

Under the agreement with UBX Technology, Visionary Holdings will invest $1.5 million for a 51% stake in Goldmine, which will focus on digital currency exchange and technology. UBX will contribute various assets, including patents and personnel, for a 49% share in the venture. This deal is anticipated to conclude in the first half of 2025, pending the fulfillment of standard closing conditions.

Concurrently, Visionary Holdings will also invest $1 million into American Precision Biotech Inc., acquiring a 51% equity interest. The joint venture with Gensea International will engage in the development, manufacturing, and sales of cancer self-test kits. This expansion comes as the company reports annual revenue of $9.38 million with 11.25% growth.

InvestingPro subscribers can access detailed analysis of the company’s growth metrics and 12+ additional ProTips to evaluate this strategic move. Gensea is set to invest resources such as patent licenses and customer projects, securing a 49% stake in APB. Similar to the Goldmine deal, this transaction is expected to close within the first half of 2025, subject to customary closing conditions.

These joint ventures represent a diversification strategy for Visionary Holdings, which traditionally operates in the education sector.

The expansion into these two ventures aligns with Visionary Holdings’ growth strategy and allows the company to tap into new markets, leveraging its resources and the expertise of its partners. With a beta of 1.43, investors should note the stock’s higher volatility compared to the market.

For comprehensive risk analysis and detailed financial metrics, consider accessing InvestingPro’s extensive database of financial indicators and expert insights. The financial impact of these joint ventures on Visionary Holdings’ performance will be closely watched by investors as the deals progress towards completion.

This news is based on a press release statement.

In other recent news, Visionary Holdings Inc. has been active with a series of strategic moves. The company has sold its entire equity interest in New Canaan, a subsidiary with two properties in Toronto, Canada, to SunShine Whale Path E-Commerce Co., Ltd. This move comes as part of an effort to offset operating losses due to liabilities exceeding CA$24 million.

Simultaneously, Visionary Holdings has disclosed a Merger and Listing Agreement with Smarco Building Solutions Inc. Under the terms, Visionary Holdings will acquire 60% of Smarco’s outstanding shares by issuing over half a million of its own common shares to Smarco’s shareholders. This transaction is expected to close in the first quarter of 2025, pending regulatory approvals.

Additionally, the educational services provider has entered into a Securities Purchase Agreement with certain investors. Visionary Holdings has agreed to sell 21 million common shares at a price of $1.00 per share, totaling $21 million in aggregate consideration. This transaction is also anticipated to close in the first quarter of 2025, subject to necessary regulatory approvals.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.