EpicQuest Education acquires remaining stake in EduGlobal College

EpicQuest Education’s wholly-owned subsidiary in the Canadian market, Highrim Holding, acquired 20% of the remaining equity of EduGlobal College from Canada EduGlobal Holdings. The acquisition price for the remaining 20% of the equity in EduGlobal was C$250K, or $186,131. On January 15, 2022, Highrim acquired 80% of the issued and outstanding shares of EduGlobal from Global for C$1.0M, or $0.8M, and the assumption of up to C$200K in liabilities. The acquisition of the 20% of the remaining equity in EduGlobal results in the college being 100% owned by Highrim. EduGlobal was approved for Education Quality Assurance designation in British Columbia which allows it to host international students on study permits and allows the college to participate in overseas recruitment and partnership events organized by the federal Department of Global Affairs Canada.