Announcement • Apr 29
Montfort Capital Corp. Announces Resignation of Board Members, Effective April 26, 2026 Montfort Capital Corp. announced that Janice Lederman and Paul Geyer have resigned from the Company's Board of Directors, effective April 26, 2026. The Company does not intend to appoint replacement directors at this time, as the Board's current composition is appropriate for the Company's scale of operations. Board Change • Feb 24
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Mike McKenna was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 23
Third quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.023 loss in 3Q 2024) Third quarter 2025 results: CA$0.002 loss per share (improved from CA$0.023 loss in 3Q 2024). Net loss: CA$214.0k (loss narrowed 91% from 3Q 2024). Announcement • Nov 22
Montfort Capital Corp. Announces Departure of Sam Hall as Chief Financial Officer Montfort Capital Corp. announced that Sam Hall is no longer serving as Chief Financial Officer of the Company. Montfort retained Catapult Consulting Group ("Catapult") to manage its financial reporting and accounting activities. Catapult has extensive experience in such roles with public and private companies. The Company intends appoint a replacement Chief Financial Officer as soon as possible. Reported Earnings • Aug 31
Second quarter 2025 earnings released: CA$0.038 loss per share (vs CA$0.035 loss in 2Q 2024) Second quarter 2025 results: CA$0.038 loss per share (further deteriorated from CA$0.035 loss in 2Q 2024). Net loss: CA$3.40m (loss widened 4.5% from 2Q 2024). Board Change • Jul 23
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Mike McKenna was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 21
Montfort Capital Corp., Annual General Meeting, Sep 25, 2025 Montfort Capital Corp., Annual General Meeting, Sep 25, 2025. Location: ontario, toronto Canada Announcement • Jun 12
Montfort Capital Corp. Announces Chief Financial Officer Changes, Effective June 20, 2025 Montfort Capital Corp. announced the upcoming departure of Mr. Josh Reusing, Chief Financial Officer for the Company. Mr. Reusing will be replaced by Mr. Sam Hall, effective June 20, 2025. Announcement • Apr 03
Blake Albright completed the acquisition of Brightpath Capital Corporation from Montfort Capital Corp. Blake Albright entered into a non-binding letter of intent to acquire Brightpath Capital Corporation from Montfort Capital Corp. (TSXV:MONT) on November 26, 2024. Blake Albright agreed to acquire Brightpath Capital Corporation from Montfort Capital Corp. (TSXV:MONT) for CAD 16.6 million on February 3, 2025. As consideration for the transaction, Blake Albright, a director of Montfort Capital Corp. (TSXV:MONT) and the founder and current Chief executive officer of Brightpath, will exchange his shares of Montfort Capital Corp. (TSXV:MONT) for shares of Brightpath Capital Corporation and will assume the $13 million of indebtedness owing from Montfort Capital Corp. (TSXV:MONT) to Brightpath. The deal is subject to requisite regulatory and third-party approvals, including the TSXV and certain lenders of Brightpath Capital Corporation. As of February 6, 2025, Montfort Capital Corp. received conditional acceptance for the transaction from the Toronto stock exchange. As of March 19, 2025, Montfort Capital Corp. has obtained an exemption order and agreed to not close the Sale Transaction for at least five business days from the granting of the Exemption Order. The transaction is expected to close on March 26, 2025.
Blake Albright completed the acquisition of Brightpath Capital Corporation from Montfort Capital Corp. (TSXV:MONT) on April 2, 2025. Board Change • Feb 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Mike McKenna was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 28
Blake Albright entered into a non-binding letter of intent to acquire Brightpath Capital Corporation from Montfort Capital Corp. (TSXV:MONT). Blake Albright entered into a non-binding letter of intent to acquire Brightpath Capital Corporation from Montfort Capital Corp. (TSXV:MONT) on November 26, 2024. As consideration for the transaction, Blake Albright, a director of Montfort Capital Corp. (TSXV:MONT) and the founder and current Chief executive officer of Brightpath, will exchange his shares of Montfort Capital Corp. (TSXV:MONT) for shares of Brightpath Capital Corporation. The deal is subject to requisite regulatory and third-party approvals, including the TSXV and certain lenders of Brightpath Capital Corporation. Reported Earnings • Nov 27
Third quarter 2024 earnings released: CA$0.023 loss per share (vs CA$0.042 loss in 3Q 2023) Third quarter 2024 results: CA$0.023 loss per share (improved from CA$0.042 loss in 3Q 2023). Revenue: CA$12.6m (down 3.0% from 3Q 2023). Net loss: CA$2.32m (loss narrowed 41% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 16 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 22
Second quarter 2024 earnings released: CA$0.035 loss per share (vs CA$0.012 loss in 2Q 2023) Second quarter 2024 results: CA$0.035 loss per share (further deteriorated from CA$0.012 loss in 2Q 2023). Revenue: CA$11.3m (down 15% from 2Q 2023). Net loss: CA$3.25m (loss widened 192% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Announcement • Aug 16
Montfort Capital Corp. Announces Chief Financial Officer Changes Montfort Capital Corp. announced that it has hired Josh Reusing as its Chief Financial Officer. Mr. Reusing is a chartered accountant who brings extensive experience in senior finance and accounting roles. Most recently, Josh was Chief Financial Officer of a federally-regulated Schedule I Canadian bank with over $3 billion of assets. Mr. Reusing replaces Brooke Jutzi who has been serving as Interim Chief Financial Officer. Announcement • Jun 28
Montfort Capital Corp. (TSXV:MONT) completed the acquisition of remaining 21.98% stake in Langhaus Financial Corporation from John Harris Limited and Godsoe Financial Capital Limited. Montfort Capital Corp. (TSXV:MONT) agreed to acquire remaining 21.98% stake in Langhaus Financial Corporation from John Harris Limited and Godsoe Financial Capital Limited on March 19, 2024. As per the terms, Montfort Capital Corp. will acquire 1,333 target shares from John Harris Limited and 1,598 target shares from Godsoe Financial Capital Limited. As a part of consideration, Montfort Capital Corp. will issue 5.27 million common shares at a deemed price of $0.50 per Consideration Share to John Harris Limited and Godsoe Financial Capital Limited. The transaction is subject to TSX Venture Exchange's approval and is expected to close within two working days once approved. All Consideration Shares issued in connection with the Acquisition will be subject to a restricted period ending on the date that is four months plus one day following the date of their issuance.Montfort Capital Corp. (TSXV:MONT) completed the acquisition of remaining 21.98% stake in Langhaus Financial Corporation from John Harris Limited and Godsoe Financial Capital Limited on June 27, 2024. New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$66m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (CA$10.8m market cap, or US$7.86m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Reported Earnings • May 29
First quarter 2024 earnings released: CA$0.023 loss per share (vs CA$0.02 loss in 1Q 2023) First quarter 2024 results: CA$0.023 loss per share (further deteriorated from CA$0.02 loss in 1Q 2023). Revenue: CA$12.0m (down 8.3% from 1Q 2023). Net loss: CA$2.17m (loss widened 16% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
Full year 2023 earnings released: CA$0.13 loss per share (vs CA$0.014 loss in FY 2022) Full year 2023 results: CA$0.13 loss per share (further deteriorated from CA$0.014 loss in FY 2022). Revenue: CA$51.5m (up 69% from FY 2022). Net loss: CA$12.4m (loss widened CA$11.4m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Announcement • Apr 12
Montfort Capital Corp., Annual General Meeting, Jun 12, 2024 Montfort Capital Corp., Annual General Meeting, Jun 12, 2024. New Risk • Apr 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (CA$13.1m market cap, or US$9.58m). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). New Risk • Apr 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.0m (US$9.55m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (CA$13.0m market cap, or US$9.55m). Announcement • Mar 20
Montfort Capital Corp. (TSXV:MONT) agreed to acquire remaining 21.8% stake in Langhaus Financial Corporation from John Harris Limited and Godsoe Financial Capital Limited . Montfort Capital Corp. (TSXV:MONT) agreed to acquire remaining 21.8% stake in Langhaus Financial Corporation from John Harris Limited and Godsoe Financial Capital Limited on March 19, 2024. As per the terms, Montfort Capital Corp. will acquire 0.001 million shares of John Harris Limited and 0.001 million shares of Godsoe Financial Capital Limited. As a part of consideration, Montfort Capital Corp. will issue 5.27 million common shares at a deemed price of $0.50 per Consideration Share to John Harris Limited and Godsoe Financial Capital Limited. The transaction is subject to TSX Venture Exchange's approval and is expected to close within two working days once approved. Announcement • Mar 08
Montfort Capital Corp. announced that it has received CAD 1.5 million in funding Montfort Capital Corp. announced a private placement of unsecured demand non-convertible promissory notes for a gross proceeds of CAD 1,500,000 on March 7, 2024. The transaction included participation from certain officers, individual investors, directors of the company and insiders, will not exceed 25% of the company's market capitalization . The note carries a fixed coupon of 12% per annum. New Risk • Mar 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$24m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$19.4m market cap, or US$14.3m). Announcement • Feb 23
Montfort Capital Corp. Announces Chief Executive Officer Changes Montfort Capital Corp. announced that Ken Thomson has been named the new CEO, stepping up from his role as Chief Strategy Officer. This transition marks a significant moment for Montfort, reflecting the company's growth and its strategic vision for the future. Andrew Abouchar, having provided steady leadership as Interim CEO through a period of significant growth and change, will continue as Executive Director and Board Member. Mr. Thomson joined Montfort Capital as Chief Strategy Officer in 2021 following the acquisition of Pivot Financial, a private credit company he founded in 2015, and played a key role at Montfort during the acquisitions of Brightpath Capital and Langhaus Financial Partners. Mr. Thomson brings over 20 years of investment and management experience, having founded and managed several investment businesses in senior roles. He is the chair of the Independent Review Committee of Educators Financial Group and Hazelview Securities Inc., and a member of the Independent Review Committee of Algonquin Capital and Goodwood Inc. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.042 loss per share (vs CA$0.015 loss in 3Q 2022) Third quarter 2023 results: CA$0.042 loss per share (further deteriorated from CA$0.015 loss in 3Q 2022). Revenue: CA$13.0m (down 1.0% from 3Q 2022). Net loss: CA$3.91m (loss widened 188% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Nov 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.0m (US$8.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$32m free cash flow). Earnings have declined by 43% per year over the past 5 years. Market cap is less than US$10m (CA$12.0m market cap, or US$8.86m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Reported Earnings • Aug 25
Second quarter 2023 earnings released Second quarter 2023 results: CA$0.012 loss per share. Net loss: CA$1.11m (flat on 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 01
First quarter 2023 earnings released First quarter 2023 results: CA$0.02 loss per share. Net loss: CA$1.87m (flat on 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Jan 12
Montfort Capital Corporation Appoints Monique Morden as the New President of TIMIA Capital Corporation, A Wholly-Owned Montfort Company Montfort Capital Corporation appointed Monique Morden as the new President of TIMIA Capital Corporation, a wholly-owned Montfort company. Founder and former CEO of TIMIA, Mike Walkinshaw, is now primarily focusing on his role as CEO of Montfort. Morden is a serial entrepreneur, angel investor, and advisor to technology startups, particularly in the fintech space. She founded JUDI.AI, a technology company that serves the SMB banking space, and served as its Chief Executive Officer, Chief Revenue Officer, and remains as an advisor to the board. TIMIA Capital provides private credit solutions to recurring revenue technology companies across North America. Morden's role as President will see her leading the day-to-day operations at TIMIA, including both the underwriting and origination sides of the business. Recent Insider Transactions • Nov 21
Insider recently bought CA$168k worth of stock On the 16th of November, Cory Bast bought around 337k shares on-market at roughly CA$0.50 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$304k. Insiders have collectively bought CA$99k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 24
Chief Strategy Officer & Director recently bought CA$82k worth of stock On the 15th of August, Kenneth Thomson bought around 206k shares on-market at roughly CA$0.40 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$465k more in shares than they bought in the last 12 months. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Chief Strategy Officer & Director Ken Thomson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 13
Independent Director recently sold CA$664k worth of stock On the 5th of January, David Demers sold around 2m shares on-market at roughly CA$0.40 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$448k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 14
CFO & Chief Credit Officer exercised options to buy CA$246k worth of stock. On the 11th of November, Andrew Abouchar exercised options to buy 600k shares at a strike price of around CA$0.14, costing a total of CA$84k. This transaction amounted to 35% of their direct individual holding at the time of the trade. Since March 2021, Andrew's direct individual holding has increased from 1.67m shares to 2.33m. Company insiders have collectively bought CA$354k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Strategy Officer & Director Ken Thomson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Third quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.001 loss in 3Q 2020) Third quarter 2021 results: Net loss: CA$249.8k (loss widened CA$226.2k from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Strategy Officer & Director Ken Thomson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 25
Second quarter 2021 earnings released: CA$0.006 loss per share (vs CA$0.007 loss in 2Q 2020) Second quarter 2021 results: Net loss: CA$255.6k (loss narrowed 5.0% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 09
Independent Director recently bought CA$66k worth of stock On the 5th of May, Paul Geyer bought around 300k shares on-market at roughly CA$0.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$221k more in shares than they have sold in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: CA$0.007 loss per share (vs CA$0.003 loss in 1Q 2020) First quarter 2021 results: Net loss: CA$315.4k (loss widened 129% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Recent Insider Transactions • Apr 11
Independent Director recently bought CA$52k worth of stock On the 8th of April, David Demers bought around 186k shares on-market at roughly CA$0.28 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$111k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 14
Full year 2020 earnings released: CA$0.014 loss per share (vs CA$0.041 loss in FY 2019) Full year 2020 results: Net loss: CA$586.3k (loss narrowed 62% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 07
New 90-day high: CA$0.22 The company is up 10.0% from its price of CA$0.20 on 07 August 2020. The Canadian market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Diversified Financial industry, which is up 15% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of CA$883.4k, with losses narrowing by 42% from the prior year. Recent Insider Transactions Derivative • Oct 21
CEO & Director exercised options to buy CA$136k worth of stock. On the 15th of October, Michael Walkinshaw exercised options to buy 714.29k shares at a strike price of around CA$0.14, costing a total of CA$100k. This transaction amounted to 20% of their direct individual holding at the time of the trade. Since March 2020, Michael's direct individual holding has increased from 2.84m shares to 3.55m. Company insiders have collectively bought CA$112k more than they sold, via options and on-market transactions, in the last 12 months. 