Mr. David Michaud reports
PARVIS COMPLETES ACQUISITION OF 100% OWNERSHIP OF RICHMOND GLOBAL WEALTH
Further to the news releases dated Feb. 19, 2026, and March 3, 2026, Parvis Invest Inc. has completed its acquisition of Richmond Global Wealth Inc., a full-service wealth, tax and investment advisory firm under the Bluestar Equity umbrella.
Pursuant to the acquisition, Parvis acquired all of the securities of RGW by issuing 1.6 million common shares in the capital of Parvis to the shareholders of RGW, at a deemed price of 50 cents per common share, for aggregate value of $800,000. A key RGW shareholder is Bluestar Equity Inc., which received 1.12 million common shares and now holds approximately 3.35 per cent of the issued and outstanding common shares.
The acquisition was unanimously approved by the boards of directors of both Parvis and RGW, and received disinterested shareholder approval by written consent in accordance with TSX Venture Exchange policies. The acquisition constitutes a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions), but is exempt from the formal valuation and minority approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(a) of MI 61-101. The acquisition remains subject to the final acceptance of the TSX-V.
This marks Parvis's first strategic acquisition and represents a key step in the company's plan to build a modern, integrated investment platform for Canadian investors.
RGW provides full-service financial advisory capabilities, including planning, tax optimization and long-term portfolio strategy. Integrating these services into the Parvis ecosystem expands the support and guidance available to investors alongside curated private market opportunities.
"Completing this acquisition is a meaningful step in our mission to give investors clarity, choice and confidence," said David Michaud, founder and chief executive officer of Parvis. "By integrating RGW's advisory expertise, Parvis now offers a truly comprehensive platform where traditional and private market opportunities converge. We have created a unified ecosystem that supports Canadian investors with full-service planning, tax and advisory capabilities at every stage of their wealth journey."
As Parvis continues to grow its network of issuers, advisers and private investment opportunities, RGW's advisory infrastructure will enhance the company's ability to support both new and experienced investors across the exempt market and Canadian Investment Regulatory Organization-regulated investment dealer channels. The combined capabilities are expected to create a more integrated on-boarding experience, consistent portfolio oversight and richer planning insights throughout the investor journey.
About Parvis Invest Inc.
Parvis is a technology-driven investment platform dedicated to democratizing access to institutional-quality opportunities. Utilizing artificial intelligence and blockchain technology, Parvis streamlines the investment process, making it more accessible and efficient. Headquartered in Vancouver, Parvis operates with experts in Toronto, Vancouver, Kelowna and Montreal.
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