I agree this has all the characteristics of a land speculation bump and dump zoning.
The one document says Holdco Holdings Inc.
https://www.rbcroyalbank.com/en-ca/my-mo...-of-a-holding-company-for-your-business/
A holding company – or “Holdco” – doesn’t produce goods or services.
A Holdco is a place to park assets, such as excess cash, or shares of another company.
The main advantages of a Holdco include asset protection, a deferral of income taxes and estate planning.
It’s important to structure the Holdco properly and proactively in order to realize its benefits. Experts can help.