Greenscape Capital Group Inc.(“Greenscape”) TSX‐V: GRN - is pleased to announce that it intends to change its name to “Parkit Enterprise Inc.” to better reflect the Company’s redefined strategy to acquire diversified portfolios of income producing parking facilities.
Concurrently, the Company intends to consolidate its issued and unissued common share capital on the basis of ten old shares for one new share. The share consolidation and change of name are subject to acceptance by the TSX Venture Exchange.
Greenscape also reports that the July interest payment was made to Maxam Opportunities fund and that the refinancing of the loan is proceeding with a near-term close anticipated. Year-over-year occupancy and yield continue to improve at the Canopy facility in Denver.
Rick Baxter, CEO states, “Today’s announcement lays the foundation for management’s growth strategy as a focused parking company. Leveraging the experience of our Canopy asset, Parkit Enterprise Inc. is actively seeking to acquire additional income producing parking facilities across North America.”
Greenscape Capital Group is headquartered in Vancouver, British Columbia. The company's core asset is the Canopy Airport Parking Facility, a 4,200 space state-of-the-art parking structure servicing the Denver International Airport. Canopy is known as North America's Greenest Parking Facility, is certified as a Demonstrator Site for the Green Parking Council and operates up to 75% more energy efficiently than competing parking facilities, thereby increasing the company's bottom line. Greenscape seeks to maximize shareholder value by exploring new opportunities in the parking industry. For more information visit www.greenscapecapital.com.