Acquisition of Five Additional Western Canada Centres

CALGARY /CNW/ – Edleun Group, Inc.

Edleun is purchasing three operating child care centres as well as the underlying real estate from a single vendor for $5.3 million. Two of the centres are located in the city of Calgary ….

In addition, Edleun is purchasing an operating child care centre in Vernon, BC for $300,000. …the Company will enter into a long term lease commitment that will provide Edleun with a right of first refusal to purchase the underlying real estate. This acquisition will add 85 licensed childcare spaces to the Company’s portfolio….

In total, the new acquisitions announced today will add 421 licensed child care spaces to the Company’s portfolio representing an increase of 12.3%. This brings the total, including centres owned and transactions previously announced to acquire, redevelop or build new centres, to 3,801 licensed spaces in 39 Early Learning & Care centres….