Mr. Henri Petit reports

EMERGIA INC. ANNOUNCES A TRANSACTION IN ONTARIO

On April 22, 2024, Emergia Inc. entered a firm purchase and sale agreement for its land located in Alliston, Ont., with a closing scheduled on June 13, 2024, subject to the usual terms and conditions. The details of the transaction will be provided after closing.

"This is an interesting and important transaction for Emergia as it will allow to generate cash flow and allow the corporation to consider other transactions, in line with its business model, which is to own and operate a portfolio composed of 70 per cent of income-producing properties and 30 per cent of development assets," mentioned Henri Petit, president and chief executive officer.

About Emergia Inc.

Emergia operates mainly in Canada in development, acquisition and management of multipurpose real estate, including retail, multifamily, industrial and office buildings as well as land for future development. The corporation's investment platform is based on an integrated, agile and efficient develop-to-own strategy. This strategy enables Emergia to benefit from development profits and any added values while securing stable long-term returns.

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