Visionary Holdings Inc. (NASDAQ: GV) experienced a notable increase in its stock value on the US charts last Friday, with shares rising by 16.67%, closing at $5.25. This positive movement in GV stock was primarily attributed to an optimistic opportunity report which highlighted new developments for the company.
Impact Of Canadian Immigration Policies On Visionary Holdings
Visionary Holdings (GV) announced a strategic cooperation with the Canadian International Career College (CICC), suggesting broader developmental prospects. It is expected that this alliance would create new opportunities for development and expansion, especially in the Asian market.
Two pilot projects that have a big influence on caregivers applying for permanent residency (PR) in Canada were presented on June 3, 2024 by the Honourable Marc Miller, Minister of Immigration, Refugees, and Citizenship.
As long as they meet the following requirements, caregivers can apply for PR status through these programs and receive PR status upon arrival: full-time home care job offer, relevant work experience, language proficiency at Canadian Language Benchmarks (CLB) level 4, and education level equivalent to a Canadian high school diploma.
This streamlined immigration process is designed to facilitate the entry of caregivers who will provide essential services to children, the elderly, and individuals with disabilities. Furthermore, these caregivers can also be employed by organizations offering temporary or part-time care to semi-independent individuals or those recovering from injuries.
This new immigration pathway is particularly advantageous for the Personal Support Worker (PSW) industry, as it simplifies the process for caregivers to find employment in Canada. Visionary Holdings is poised to benefit from this development through its subsidiary, Farvision Career Education Group Inc., which signed a cooperation agreement with CICC on May 9, 2024, to explore the Asian market.
Educational Opportunities With CICC
The cooperation between Visionary Holdings and CICC will facilitate the expansion of various educational programs tailored to the needs of the PSW industry. The CICC offers a diverse range of courses, including the Personal Support Worker Certificate, Medication Administration for PSW Certificate Course, Early Childcare Assistant (ECA) Diploma Course.
With the implementation of the new pilot programs and the collaboration with CICC, Visionary Holdings is well-positioned to accelerate its growth in the Asian market, providing robust support for caregivers and enhancing its educational offerings.
