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GVHGF on OTC

Visionary Holdings Inc.

Visionary Holdings Inc. is a Canadian educational services company based in Toronto, listed on OTC (GVHGF).1

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Last updated Oct 21, 2026.

Overview

$5.0MRevenue, fiscal 20252
-$15.8MNet income, fiscal 20252

Compare with Lixiang Education Holding Co. Ltd., PCS Edventures!, Inc. or Wah Fu Education & Technology Group Ltd., or pick any stock.

  • TickerGVHGF on OTC1
  • IndustryServices-Educational Services1
  • HeadquartersToronto, Canada1
  • Incorporated inOntario, Canada3
  • Business address105 Moatfield Drive, Unit 1003, Toronto, A6 M3B 0A43
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

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Visionary Education Technology Holdings Group Company was founded by Ms. Fan Zhou, a Canadian vocational educator. It was incorporated by Ms. Fan Zhou on August 20, 2013 under the Ontario Business Corporations Act as 123 Natural Food Ontario Limited, a corporation. The name was later changed to Visionary Education Technology Holdings Group Company and further changed to Visionary Holdings Inc. on January 30, 2024. Our original goal was to develop and operate an international education platform focusing on vocational education. However, due to market barriers and a limited market caused by the over-specialization of this concept, we did not pursue this goal.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

28.0%Gross margin2
-68.8%Operating margin2
-314.1%Net margin2
-46.2%Revenue growth, 20252
-309.6%Return on equity2
0.10×Debt to equity2
-$3.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Rent brought in 55% of the revenue Visionary Holdings Inc. broke down this way in fiscal 2025.

  1. Rent$2.8M255%down 65% from 2024
  2. Tuition and fees$1.2M223%down 13% from 2024
  3. Product$1.1M221%
Products and services by year
Products and services202320242025
Rent$7.1M$8.0M$2.8M
Tuition and fees$1.3M$1.4M$1.2M
Product$0$0$1.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue42¢$3.6M
  • Interest58¢$5.0M
  • Income tax0¢$960

Out of $5.0M in revenue.2 The company lost money this year.

Financial statements

Revenue5672$5.0M in 2025+441% since 2020
0$2.5M$5.0M$7.5M$10.0M2020: $932.7K$932.7K20202021: $7.7M$7.7M2021+728%2022: $5.2M$5.2M2022−32%2023: $8.4M$8.4M2023+61%2024: $9.4M$9.4M2024+11%2025: $5.0M$5.0M2025−46%
Gross profit5672$1.4M in 2025+145% since 2020
0$2.0M$4.0M$6.0M2020: $576.4K$576.4K20202021: $4.3M$4.3M2021+640%2022: $2.6M$2.6M2022−39%2023: $3.8M$3.8M2023+44%2024: $2.5M$2.5M2024−33%2025: $1.4M$1.4M2025−44%
Operating income5672-$3.5M in 2025
-$4.0M-$2.0M0$2.0M$4.0M2020: $381.2K$381.2K20202021: $3.7M$3.7M2021+878%2022: $1.0M$1.0M2022−72%2023: $430.8K$430.8K2023−58%2024: -$2.3M-$2.3M20242025: -$3.5M-$3.5M2025+49%
Net income5672-$15.8M in 2025
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2020: $215.7K$215.7K20202021: $2.9M$2.9M2021+1229%2022: $9.7K$9.7K2022−100%2023: -$3.5M-$3.5M20232024: $1.0M$1.0M20242025: -$15.8M-$15.8M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-03-312024-03-312023-03-31
Total Revenues$5.0M$9.4M$8.4M
Total cost of revenues-$3.6M-$6.8M-$4.7M
Gross Profit$1.4M$2.5M$3.8M
General and administrative expenses-$2.2M-$1.1M-$1.2M
Professional fees-$2.1M-$2.9M-$968.4K
Salaries-$580.9K-$812.4K-$1.1M
Total operating expenses-$4.9M-$4.9M-$3.3M
(Loss) Income from operations-$3.5M-$2.3M$430.8K
Interest expense-$5.0M-$5.8M-$3.0M
Accretion interest$0-$285.6K-$320.5K
Impairment loss of property, plant and equipment-$4.7M-$49.8K$0
Gain on disposal of properties$0$8.6M$0
Government subsidies$0$0$109.7K
Change in fair value of derivative liability-$1.8M$1.5M-$1.6M
Change in fair value of convertible debenture-$329.9K$367.7K-$157.0K
Loss on disposal of subsidiaries-$368.6K-$163.4K$0
Loss on investment deposit$0-$336.9K$0
Other income$5.0K$22.8K$23.6K
Total other (expense) income, net-$12.2M$3.9M-$4.9M
(Loss) income before income taxes-$15.6M$1.5M-$4.4M
(Provision) credit for income taxes - current-$960$0$64.8K
(Provision) credit for income taxes - deferred-$99.9K-$574.2K$797.1K
Net (loss) income-$15.7M$967.2K-$3.6M
Less: net income (loss) attributable to non-controlling interest$96.1K-$55.7K-$97.6K
Net (loss) income attributable to Visionary Holdings Inc.-$15.8M$1.0M-$3.5M
Foreign currency translation (loss) gain-$732.0K$457.1K-$750.8K
Comprehensive (loss) income-$16.5M$1.4M-$4.3M
Less: comprehensive income (loss) attributable to non-controlling interest$93.9K-$54.4K-$113.5K
Comprehensive (loss) income attributable to Visionary Holdings Inc.-$16.6M$1.5M-$4.2M
(Loss) Earnings Per Share - Basic-$3.66$0.32-$1.35
Weighted Average Shares Outstanding - Basic4.3M shares3.2M shares2.6M shares
(Loss) Earnings Per Share - Diluted-$3.66$0.32-$1.35
Weighted Average Shares Outstanding - Diluted4.3M shares3.2M shares2.6M shares

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What it owns

What Visionary Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$66.5M2 Mar 31, 2025$87.6M2 Mar 31, 2024−24.0%
Accumulated depreciation$4.4M2 Mar 31, 2025$4.0M2 Mar 31, 2024+9.7%
Property and equipment, net$57.6M2 Mar 31, 2025$83.6M2 Mar 31, 2024−31.1%
Operating-lease assets (leased space)$02 Mar 31, 2025$41.8K2 Mar 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Marketable securities, current$07 Mar 31, 2024$51.7K7 Mar 31, 2023−100.0%
Long-term investments$235.0K2 Mar 31, 2025$02 Mar 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$895.5K2 Mar 31, 2025$951.0K2 Mar 31, 2024−5.8%
Intangible assets, net (excluding goodwill)$848.6K2 Mar 31, 2025$933.6K2 Mar 31, 2024−9.1%
Finite-lived intangibles, net$848.6K2 Mar 31, 2025$933.6K2 Mar 31, 2024−9.1%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Director and Executive Director as of date of offeringFan Zhou named Feb 24, 20238
  • Chief Executive Officer as of date of offeringGuiping M Xu named Feb 24, 20238
  • Chief Financial OfficerKaty M Liu named Feb 24, 20238
  • Director as of date of offeringDodds M Colin named Feb 24, 20238
  • Director as of date of offeringHaipeng M Xie named Feb 24, 20238
  • Director as of date of offeringPeter M Milliken named Feb 24, 20238
  • DirectorSimon Tang named Feb 24, 20238
  • Chairman of the Board as of date of offeringThomas Traves named Feb 24, 20238
  • Director as of date of offeringZaiyi Liao named Feb 24, 20238

Former names

  • Visionary Education Technology Holdings Group Inc.Nov 23, 2021 to Feb 8, 20243

Filings

92 filings to the SEC since October 2021: 5 annual reports, 1 private raises, 86 other. The latest 20:

  1. Jan 28, 20266-K EDGAR
  2. Jan 28, 202620-F EDGAR
  3. May 7, 20256-K EDGAR
  4. Apr 10, 20256-K EDGAR
  5. Apr 10, 20256-K EDGAR
  6. Apr 9, 20256-K EDGAR
  7. Apr 7, 20256-K EDGAR
  8. Mar 28, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Mar 27, 20256-K EDGAR
  10. Mar 27, 20256-K EDGAR
  11. Mar 21, 20256-K EDGAR
  12. Feb 11, 20256-K EDGAR
  13. Jan 31, 20256-K EDGAR
  14. Jan 10, 20256-K EDGAR
  15. Jan 3, 20256-K EDGAR
  16. Nov 20, 2024S-8 EDGAR
  17. Oct 3, 20246-K EDGAR
  18. Sep 17, 20246-K CURRENT REPORT EDGAR
  19. Sep 9, 20246-K CURRENT REPORT EDGAR
  20. Aug 16, 20246-K CURRENT REPORT EDGAR

The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$1.5M 2022–2022
Money received by yearMoney received by year, 2022–2022: $1.5M in all. Private raises (Form D) $1.5M.$0$500K$1M$1.5M2022 · Private raises (Form D): $1.5M2022
Figures by year
YearPrivate raises (Form D)Total
2022$1.5M$1.5M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Sep 19, 2022Raised $1.5 million in a private offering of debt8 Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jane Street Group, LLC150,704$30.9K0.0%New
Citadel Advisors LLC50,807$10.4K0.0%New
StoneX Group Inc.12,460$3.4K0.0%−3,551
Jones Financial Companies Lllp563$1100.0%No change
Virtu Financial LLC74,776$150.0%+54,786
Morgan Stanley24$50.0%−7
Hrt Financial LP21,370$40.0%New
Caitong International Asset Management Co., Ltd1$00.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Visionary Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVisionary Holdings Inc.1
  • CIK0001892274
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCanada4
  • Fiscal year endsMarch 311
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address105 Moatfield Drive, Unit 1003, Toronto, A6 M3B 0A41
  • Phone905-739-05931
  • Shares outstanding5,607,348 shares as of Mar 31, 20254
  • AuditorAssentsure PAC, Singapore PCAOB ID 6783; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceNov 23, 20211
  • Filings92 in all: 6-K (60), 20-F (4), F-1/A (4), CORRESP (3), DRS/A (3), NT 20-F (3), UPLOAD (3), 20-F/A (1)1
    All 19 form types

    424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), D (1), DRS (1), DRSLTR (1), EFFECT (1), F-1 (1), FWP (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Jan 28, 2026

Securities registered for trading

ClassSymbolExchange
Common SharesGVNasdaq

From the cover page of the 20-F filed Jan 28, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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