Year: 2020

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Keep up to date with the latest CIBT developments through our most recent news.

CIBT Subsidiary Signs Formal Agreement to Purchase the 15th and 16th GEC branded Buildings in Metro Vancouver

June 10, 2020

Vancouver, BC, June 9th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its subsidiaries has signed a binding agreement to purchase two apartment buildings located in Metro Vancouver (“GEC® Project #11”).  This transaction marks the eleventh GEC® branded project in Metro Vancouver comprising, upon closing, a total of sixteen buildings located in Burnaby, Vancouver, Richmond and Surrey.  This transaction scheduled to close...

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CIBT Group Provides Answers to Frequently Asked COVID-19 Related Questions

May 26, 2020

Vancouver, BC, May 26th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") provides the following answers to questions frequently asked by our shareholders with respect to the impact of COVID-19 on the Company. Present situation:   Q: Is the pandemic affecting rent collection at properties in the GEC® student apartment portfolio? A: In the traditional rental apartment scenario, some tenants are facing financial hardship and are under the pressure...

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CIBT Group Pledges its Support to Take a Stand Against Racism

May 21, 2020

Vancouver, BC, May 21, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") pledges its support to take a stand against racism.  The following statement was issued today by the Business Council of British Columbia: B.C. business and community leaders take a stand against racism We Say No to Hate… It Must Stop Now   As business and community leaders, British Columbians, and human beings we cannot sit idly by....

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CIBT Named One of The Americas’ Fastest Growing Companies 2020 by Financial Times

May 4, 2020

  Vancouver, BC, May 4, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that the Company was ranked number 372 among the Americas' Top 500 Fastest-Growing Companies 2020 by the Financial Times. The ranking included companies from across the United States, Canada, Mexico and South America, including Brazil and Colombia. This prestigious ranking comes at an unprecedented time for many companies, yet highlights the innovation...

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Sprott Shaw College Joins the Fight Against COVID-19

April 15, 2020

For immediate release: April 15th, 2020, Vancouver, BC. Sprott Shaw College (“Sprott Shaw”) announces that it will join the fight against COVID-19.  Sprott Shaw will donate approximately 5,000 pieces of medical supplies to the healthcare sector in Metro Vancouver.  Also, Sprott Shaw has organized qualified staff, healthcare faculty members and student volunteers in fighting the frontline battles at hospitals, senior care homes, and other community centres.  Collectively, Sprott Shaw has donated gloves, surgical and N95...

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CIBT Announces New Appointments to the Executive Team

April 15, 2020

Vancouver, B.C., April 15, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to announce the following appointments to its executive team. Mr. Victor Tesan, currently President of Sprott Shaw College, is appointed Chief Operating Officer and President of Education Services of CIBT Education Group Inc.  Mr. Tesan will oversee all the education-related businesses in Canada, totalling 20 campus locations of Sprott Shaw College, Sprott Shaw Language College...

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CIBT Reports Financial Results for Second Quarter of Fiscal 2020

April 14, 2020

Vancouver, B.C., April 14, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that it has filed on SEDAR its consolidated financial statements and related management's discussion and analysis for its second quarter of fiscal 2020 ending February 29, 2020 (collectively, the "Q2 Filing"). The following is selected financial information for the second quarter of fiscal 2020 ended February 29, 2020 ("Q2 2020") and comparative results....

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CIBT Provides Update on Student Housing Operations

April 2, 2020

Vancouver, B.C., April 1st, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company"), is pleased to provide a corporate update to investors regarding the operational status of its GEC® student housing portfolio and the impact of the outbreak of COVID-19 on the student housing operations. MANAGEMENT COMMENTARY With COVID-19 numbers continuing to rise across the globe and in Canada, CIBT Education Group is pleased to report that, to date, most...

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CIBT Featured in the Globe and Mail Newspaper

March 27, 2020

Vancouver, B.C., March 27, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") reports that the Company was featured in the March 25, 2020 issue of the Globe and Mail newspaper in an article titled: "Student housing companies expanding despite pandemic." To view the article, please visit the Globe and Mail website at https://www.theglobeandmail.com/real-estate/vancouver/article-student-housing-companies-expanding-despite-pandemic/   About CIBT Education Group: CIBT Education Group Inc. is one of the largest education, and...

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CIBT Subsidiary Closes on GEC Oakridge Land Purchase

March 17, 2020

Vancouver, B.C., March 17th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that its subsidiary, GEC Oakridge Acquisition Limited Partnership has completed the purchase of three parcels of land designated for the GEC® Oakridge project (the “Project”). The total purchase price for the three parcels of land was $30.3 million, excluding closing costs and property transfer tax. During the past year, GEC® Oakridge continued to...

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