Global Education Communities Corp. Updates on Atmosphere Project Litigation

Global Education Communities Corp. (GECC) has announced a pivotal legal update regarding its subsidiary, GEC (Richmond) GP Inc., involved in a lawsuit against a Toronto-based lender over the Atmosphere Project in Richmond, B.C. Recently, the Supreme Court of Canada dismissed the lender's appeal against the BC Court of Appeal's decision. A two-week liability trial is set for October 13, 2026.

GECC, a leader in student housing in Canada, is focused on providing comprehensive housing solutions. They manage student-centric rental apartments and are known for their "Education Super-Centre" concept. The company holds a strong presence with 1,300 operational beds and 2,500 in development, serving students worldwide. Further updates will follow as the case progresses.