Tenet Fintech Group Inc

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Tenet Fintech Group, Inc. is an information technology portfolio management company, which engages in assembling, financing, and managing a portfolio of companies and assets in some of the tech sectors. It operates through the following segments: Fintech Platform, Financial Services, and Other. The Fintech Platform segment consists of procurement and distribution of products within supply chain or facilitating transactions in the commercial lending industry through technology platforms and the Canadian operating entities. The Financial Services segment provides commercial loans to entrepreneurs and SMEs and the activity of providing turn-key credit outsourcing services to banks and other lending institutions. The Other segment includes activity and unallocated portion of the Canadian parent company's services and all non-operating holdings registered in Hong Kong and China. The company was founded on May 13, 2008 and is headquartered in Toronto, Canada.

Toronto, Ontario--(Newsfile Corp. - July 22, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced that it has secured a credit facility of up to $5,000,000 from Petiana Capital Inc. ("PCI"), and has terminated its ongoing private placement of units of convertible debentures and warrants whereby the Company was looking to raise an additional $5,000,000 (the "Financing"). The credit facility agreement between Tenet and PCI allows Tenet to drawdown up to $5,000,000 over a twelve-month period by sending drawdown notices to PCI (the "Credit Facility").

Tenet Secures Credit Facility of Up to $5M and Terminates Private Placement Financing

Toronto, Ontario--(Newsfile Corp. - July 5, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today provided the following update related to its ongoing private placement financing of units of convertible debentures and warrants (the "Financing"). The Company reiterated its intention to close the Financing as quickly as possible as it continues to try to accommodate a group of strategic investors who have requested an extension to the deadline previously appointed by Tenet to close the Financing.

Tenet Provides Update on Private Placement Financing

Tenet Fintech Group Inc. (OTCPK:PKKFF) Q1 2024 Earnings Conference Call June 7, 2024 5:00 PM ET Company Participants Johnson Joseph - CEO, President & Director Conference Call Participants Cathy Hume - CEO, CHF Capital Markets Cathy Hume Hello to all Tenet Shareholders and a special thank you to those of you that sent in questions about the company's First Quarter 2024 Financial Results. My name is Cathy Hume from CHF Capital and I'll be asking Johnson Joseph, Tenet CEO, your questions related to the Q1 2024 results.

Tenet Fintech Group Inc. (PKKFF) Q1 2024 Earnings Call Transcript

Toronto, Ontario--(Newsfile Corp. - June 7, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today published the interview conducted with Company CEO Johnson Joseph on the first quarter 2024 financial results filed on May 30, 2024. The interview is available on the Tenet website and can be access by clicking on the following link: Tenet Q1-2024 Results QandA.

Tenet Publishes CEO Q&A Interview on First Quarter 2024 Financial Results

Toronto, Ontario--(Newsfile Corp. - May 30, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced its financial results and operating highlights for the three-month period ended March 31, 2024. Tenet reported revenue of $765,635, adjusted EBITDA of ($3,100,250) and a net loss of $5,414,117 for the quarter.

Tenet Reports First Quarter 2024 Financial Results

Toronto, Ontario and Shanghai, China--(Newsfile Corp. - May 21, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, and Able View Global Inc. (NASDAQ: ABLV) ("Able View"), China's second largest international beauty and personal care brand manager, today announced that they have signed an agreement in principle for the distribution of Canadian brands in China. The parties will develop a program that will help identify brands owned by members of the Cubeler® Business Hub that could successfully be distributed in China through Able View's services under a negotiated revenue sharing structure between Able View and Tenet.

Tenet and Able View Global Sign Agreement in Principle for Distribution of Canadian Brands in China

Toronto, Ontario--(Newsfile Corp. - May 3, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today published the interview conducted with Company CEO Johnson Joseph on the year-end 2023 financial results filed on April 29, 2024. The interview is available on the Tenet website and can be access by clicking on the following link: Tenet_Year-end_2023_Results_QandA.

Tenet Publishes CEO Q&A Interview on Year-End 2023 Financial Results

Toronto, Ontario--(Newsfile Corp. - April 30, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), today announced its financial results for the year ended December 31, 2023. The Company reported revenue of $42.08 million, compared to $109.88 in 2022, and a net loss of $78.33 million for the year, of which a total of $47.93 million was attributed to amortization of intangible assets, impairment of goodwill and impairment of intangible assets.

Tenet Reports Year-End 2023 Financial Results

Toronto, Ontario--(Newsfile Corp. - April 17, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), further to its press releases of December 12, 2023, January 29, 2024, February 2, 2024 and February 27, 2024 (the "Prior Press Releases"), announced today that it has completed a third tranche closing (the "Third Tranche Closing") of its previously announced offering of the sale of securities, on a private placement basis, of the Company for gross proceeds of up to $10,000,000 (the "Offering"). The Company sold a total of 2,015 convertible debenture units of the Company (the "CD Units") at a price of $1,000 per CD Unit, for aggregate gross proceeds in the Third Tranche Closing of $2,015,000.

Tenet Closes Third Tranche of Brokered Private Placement for Gross Proceeds of $2M

Toronto, Ontario--(Newsfile Corp. - April 8, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) ("Tenet" or the "Company"), is pleased to announce the settlement of a presumed class action lawsuit brought against the Company and two of its executives on November 19, 2021 in the United States District Court for the Eastern District of New York, originally captioned Bram Van Boxtel v. Tenet Fintech Group Inc., et al.

Tenet Settles US Class Action Lawsuit

Toronto, Ontario--(Newsfile Corp. - February 27, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), further to its press releases of December 12, 2023, January 29, 2024 and February 2, 2024 (the "Prior Press Releases"), announced today that it has completed a second tranche closing (the "Second Tranche Closing") of its previously announced offering of the sale of securities, on a private placement basis, of the Company for gross proceeds of up to $10,000,000 (the "Offering"). The Company sold a total of 1,000 convertible debenture units of the Company (the "CD Units") at a price of $1,000 per CD Unit, for aggregate gross proceeds in the Second Tranche Closing of $1,000,000.

Tenet Closes Second Tranche of Brokered Private Placement for Gross Proceeds of $1M

Toronto, Ontario--(Newsfile Corp. - February 2, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), further to its press releases of December 12, 2023 and January 29, 2024 (the "Prior Press Releases"), announced today that it has completed the first tranche closing (the "First Tranche Closing") of its previously announced offering of the sale of securities, on a private placement basis, of the Company for gross proceeds of up to $10,000,000 (the "Offering"). The Company sold a total of 1,610 convertible debenture units of the Company (the "CD Units") at a price of $1,000 per CD Unit, for aggregate gross proceeds in the First Tranche Closing of $1,610,000.

Tenet Closes First Tranche of Brokered Private Placement for Gross Proceeds of Approximately $1.6 Million

Toronto, Ontario--(Newsfile Corp. - January 29, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), further to its press release of December 12, 2023 (the "Prior Press Release"), today announced that it has amended the terms of its brokered private placement financing of up to $10,000,000 of securities of the Company (the "Offering") led by Research Capital Corporation as lead agent and sole bookrunner (the "Agent") in connection with the Offering. Given the preference shown by investors for the convertible debenture units of the Company (the "CD Units"), and after further discussions, the Company and the Agent have determined not to proceed with the offer or sale of Equity Units (as such term is defined in the Prior Press Release) pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") (the "Listed Issuer Financing Exemption").

Tenet Amends Terms of Brokered Private Placement

Toronto, Ontario--(Newsfile Corp. - December 12, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), further to its press releases of June 29, 2023, August 1, 2023, August 18, 2023 and September 8, 2023 (the "Prior Press Releases"), in which it announced a financing of up to $20,000,000 (the "Financing"), is pleased to announce that in connection with the Financing it has entered into an agreement with Research Capital Corporation as the lead agent and sole bookrunner (the "Agent") in connection with a marketed private placement offering of securities of the Company for gross proceeds of up to $10,000,000 (the "RCC Financing"). As disclosed in the Prior Press Releases, the Company has raised a total of $10,943,000 gross proceeds to date in the Financing and proposes to raise the remainder in the RCC Financing.

Tenet Announces Brokered Private Placement Financing of Up to $10M

Toronto, Ontario--(Newsfile Corp. - December 5, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced that its program to bring better distribution and delivery efficiency to online consumer goods retailers and distributors in China, processed and delivered over 10,000 parcels worth approximately CAD$2,000,000 during this year's Singles' Day shopping event. Tenet released an updated version of its Fast Duck Supply-chain Management software just before Singles' Day, which allowed 60 participating micro distribution hubs and about 150 delivery trucks, cars, and bikes from Fast Duck Logistics Ltd.

Tenet Product Distribution Program Processes and Delivers Over 10,000 Parcels During Singles Day Shopping Event

Toronto, Ontario--(Newsfile Corp. - December 4, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and owner and operator of the Cubeler® Business Hub, today announced that activity from the Cubeler® Business Hub's "Financing" pillar during the month of November 2023 pushed the platform over $1,250,000 in loans facilitated in Canada. In addition to hitting the credit milestone, the Cubeler® Business Hub also continued to attract new lenders and small and medium-sized enterprises (SMEs) during the month.

Tenet's Cubeler(R) Business Hub Eclipses $1M Milestone in Credit Facilitated in Canada as More Lenders and SMEs Continue to Join the Platform

Toronto, Ontario--(Newsfile Corp. - November 29, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and owner and operator of the Cubeler® Business Hub, today announced its financial results and operating highlights for the three-month and nine-month periods ended September 30, 2023, and September 30, 2022. The impact of the disruption in the Company's operations in both China and Canada during the second quarter of 2023 continued to take its toll on the Company's revenue during the third quarter.

Tenet Reports Third Quarter 2023 Financial Results as it Continues to Prepare Data-Driven Revenue Phase of its Strategic Plan and Focus on North American Operations

Toronto, Ontario--(Newsfile Corp. - November 16, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and owner and operator of the Cubeler® Business Hub, today announced that the Company's data science subsidiary Tenoris3 Inc. ("Tenoris3") launched its long-awaited website, which provides previews of its upcoming ie-Pulse1 and Equity Insider2 product offerings. Tenoris3 leverages data gathered through the Cubeler® Business Hub to develop and commercialize a series of AI and analytics-based products aimed at capital markets professionals, the average stock trader, economists, governments, and anyone with an interest in global economic activity, macroeconomic indicators, and the capital markets.

Tenet Data Science Subsidiary Tenoris3 Launches Website Featuring AI and Analytics-Based Product Offerings

Toronto, Ontario--(Newsfile Corp. - November 10, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and owner and operator of the Cubeler® Business Hub, today released selected statistics related to overall activity on the Cubeler® Business Hub in China as the Company's Tenoris3 data science subsidiary, which will leverage and transform data coming from the Cubeler® Business Hub into unique AI and analytics-based product offerings, prepares to officially launch its website. Since it was first launched in China in 2018, through the end of October 2023, the Cubeler® Business Hub has helped facilitate loans and credit worth over CAD$ 3.5 billion for over 100,000 Chinese SMEs.

Tenet Releases Cubeler(R) Business Hub Chinese Operations Statistics Ahead of Launch of Data Science Subsidiary Website

Toronto, Ontario--(Newsfile Corp. - November 3, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and operator of the Cubeler® Business Hub, today provided an update on the credit activity facilitated by the platform's "Financing" pillar in Canada while it continues with the development of the remaining "Networking", "Advertising" and "Insights" pillars. The Company reported that loans and credit in the form of working capital loans, merchant cash advances, term loans, and lines of credit totaling a little more than $980,000 were awarded on the platform through the end of October 2023.

Tenet Provides Cubeler(R) Business Hub Credit Activity Update as Platform Nears $1M in Credit Facilitated in Canada

Toronto, Ontario--(Newsfile Corp. - October 26, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and operator of the Cubeler® Business Hub, further to its press release of September 26, 2023 is pleased to announce the results of the special meeting of shareholders held Thursday, October 26, 2023 (the "Meeting"). At the Meeting, shareholders approved the increase of the size of the Board of Directors to five, and elected Yves C.

Tenet Announces Results of Special Meeting of Shareholders and Appoints Mayco Quiroz Chief Operating Officer

Toronto, Ontario--(Newsfile Corp. - October 24, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and operator of the Cubeler® Business Hub, today announced that it has signed a new agreement with the Industrial Bank Co. Ltd. ("CIB") to add payment processing, financing and other Cubeler® Business Hub related services to their existing service agreement following a tighter integration of the Cubeler® Business Hub's Gold River module to CIB's systems.

Tenet and the Industrial Bank Co. Add New Services to Existing Agreement Following Tighter System Integration

Toronto, Ontario--(Newsfile Corp. - October 19, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and operator of the Cubeler® Business Hub, is pleased to announce it has signed a lead generation agreement with leading international alternative SME lender eCapital to bring even greater funding options to Cubeler® Business Hub members. "The average size of the loans and credit facilitated on the Cubeler® Business Hub in Canada as of the date of today's announcement was about $78,000, with $300,000 as the largest amount awarded on the platform," said Evrard Nkwemi, Director of Financial Institution Relationships at Cubeler.

Tenet Signs Credit Lead Generation Agreement with Leading International Alternative Lender eCapital

Toronto, Ontario--(Newsfile Corp. - October 16, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and operator of the Cubeler® Business Hub, today announced that its program launched in October 2022, with the objective of bringing better distribution and delivery efficiency to online consumer goods retailers and distributors in China, is now processing over 3,000 orders per day. The program, launched in partnership with Fast Duck Logistics Ltd.

Tenet Online Purchase Product Distribution Program Now Processing and Delivering Over 3,000 Daily Orders in China

Toronto, Ontario--(Newsfile Corp. - October 12, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and operator of the Cubeler® Business Hub ("Cubeler"), is pleased to announce that it has signed a strategic alliance agreement with the Canadian Chamber of Commerce's ("CCC") SME Institute as a provider of value added products and services that SMEs can use to grow their businesses. The SME Institute (https://www.smeinstitute.ca) was launched by the CCC to serve as a one-stop shop where businesses can find access to products and to services that are meant to help Canadian businesses prosper.

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