New Risk • Dec 31
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 20% 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.58m market cap, or US$6.26m). Announcement • Nov 25
Anonymous Intelligence Company Inc. announced that it has received CAD 0.725 million in funding On November 24, 2025, Anonymous Intelligence Company Inc. closed the transaction. The company announced that it has 3,625,000 units (each, a “Unit”) at CAD 0.20 per Unit for gross proceeds of CAD 725,000. Each Unit consists of one common share and one Common Share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Common Share (each, a “Warrant Share”) at a price of CAD 0.25 per Warrant Share until November 24, 2027. Announcement • Oct 16
Anonymous Intelligence Company Inc., Annual General Meeting, Dec 05, 2025 Anonymous Intelligence Company Inc., Annual General Meeting, Dec 05, 2025. Announcement • Sep 19
Anonymous Intelligence Company Inc. announced that it expects to receive CAD 0.35 million in funding Anonymous Intelligence Company Inc. announced a non-brokered private placement under the listed issuer financing exemption to issue 1,750,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 350,000 on September 18, 2025. In addition, the company may, at its discretion, increase the offering by up to CAD 0.50 or an additional 875,000 units, under an overallotment option, bringing the total gross proceeds to CAD 525,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of CAD 0.25 per share for a period of 24 months from closing. If, at any time during the term of the warrants, the company's common shares trade at or above CAD 0.50 for 10 consecutive trading days on the Canadian Securities Exchange, the company may accelerate the expiry of the warrants by providing 30 days of notice to holders by way of news release. The closing of the LIFE financing is expected to occur on or about October 31, 2025, or such later date as the company may determine, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Announcement • Aug 14
Anonymous Intelligence Company Inc. announced that it has received CAD 0.797033 million in funding On August 13, 2025, Anonymous Intelligence Company Inc. closed the transaction. The company issued an aggregate of 5,313,552 units at
a price of CAD 0.15 per Unit for gross proceeds of CAD 797,032.8. Each Unit consists of one common share in the capital of the Company and one transferable common share purchase warrant. Each Warrant entitles the holder to purchase one additional Share at an exercise price of CAD 0.25 per Share for a period of two years from the date of issuance. In connection with the brokered portion of Offering, the Company paid a cash finder’s fee of CAD 20,469.75 and issued 136,465 non-transferable finder’s warrants to Canaccord Genuity Corp.,having the same terms as the Warrants issued under the Offering. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. New Risk • Jul 16
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 Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.48m market cap, or US$2.54m). Announcement • Jul 13
Anonymous Intelligence Company Inc. announced that it expects to receive CAD 0.75 million in funding Anonymous Intelligence Company Inc announces a non-brokered private placement of up to 5 million units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 750,000 on July 11, 2025. Each unit will consist of one common share and one common purchase warrant with a 24-month expiration. Each warrant exercisable at CAD 0.25 per share. All securities to be issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation in Canada. New Risk • Oct 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major 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$673k free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.19m market cap, or US$1.58m). Announcement • Oct 12
Anonymous Intelligence Company Inc. Appoints Kevin Kowbel as A Director Anonymous Intelligence Company Inc. announced the appointment of Kevin Kowbel as a director of the Company effective immediately. Over the past 25 years, Kevin Kowbel has grown into a dynamic, engineering-driven executive, contributing to five E&P companies. As a business leader, he has successfully overseen the delivery of over $30 billion in global capital projects, on time and under budget. In addition to his operational leadership, Kevin has been instrumental in fostering innovation, contributing to the development of patented and black-box technologies aimed at optimizing well performance and enhancing efficiency. His impact extends beyond the energy sector, where he has driven growth in both public and private companies across various industries. Kevin's commitment to technology and innovation is central to his work, with a strong focus on creating solutions that shape better futures. More than just an investor, Kevin has taken on ownership and key leadership in numerous companies that have thrived under his expertise, guidance, and business acumen. As a co-founder of QuantaSphere Technology Inc., Kevin is leading the mass commercialization of patented encapsulation technology designed to reduce chemical-borne illnesses, with potential applications across multiple industries. Building on his extensive experience in the in oil and gas sector, Kevin recently founded an oil and gas technology company poised to revolutionize global heavy oil and bitumen production. This innovative technology seeks to transform heavy `dirty' oils into medium `cleaner' oils while reducing carbon emissions and reliance on chemicals. Fueled by his passion for machine-based learning, Kevin was appointed Chairman and CEO of a technology development company that uses advanced mathematics to drive stakeholder value. He is eager to leverage ANON's VPN, SDK, and developing AI technologies to tackle real-world challenges and create value for ANON's subscribers, collaborators, and shareholders. Announcement • Oct 09
Anonymous Intelligence Company Inc., Annual General Meeting, Dec 11, 2024 Anonymous Intelligence Company Inc., Annual General Meeting, Dec 11, 2024. Location: british columbia, vancouver Canada New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$673k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$673k free cash flow). Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.05m market cap, or US$780.5k). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 (36% average weekly change). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.17m market cap, or US$855.3k). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Apr 23
Anonymous Intelligence Company Inc. announced that it has received CAD 0.05 million in funding On April 22, 2024, Anonymous Intelligence Company Inc. closed the transaction. The company issued 1,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 50,000 in the transaction. Announcement • Feb 23
Anonymous Intelligence Company Inc. announced that it expects to receive CAD 0.8 million in funding Anonymous Intelligence Company Inc. announced a non-brokered private placement of 16,000,000 units at a price of CAD 0.5 per unit for the gross proceeds of CAD 800,000 on February 22, 2024. Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of CAD 0.1 per share for a period of two years from the closing date of the offering. The closing date of the offering is subject to the completion of the share consolidation and certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Announcement • Nov 24
Anonymous Intelligence Company Inc. Announces Board Changes Anonymous Intelligence Company Inc. announced that Allan Larmour is returning to assume the role of independent director of the Companyeffective immediately. Mr. Larmour previously served as the Company's President &CEO for four years, in addition to his six-year tenure as a director. He steps into this position following the departure of Kant Trivedi and Tyler Koverko from the board. Mr. Larmour is a serial entrepreneur with extensive experience for over 35 years in Fortune 500 companies, start-up companies, international sales and business development, and executive management as vice-president of sales and marketing and CEO for both private and public companies. He has managed several technology companies to three successful exits that involved selling them to large operations in the United States. Mr. Larmour also consults to start-up companies, along with raising capital and providing strategic planning for marketing, sales, channel development and product direction. Mr. Larmour has been the CEO and director of several public companies in the technology and mining sectors. Announcement • Oct 26
Anonymous Intelligence Company Inc. Announces the Security Features Will Be Included in the Upcoming Turminal.ai Beta Release Anonymous Intelligence Company Inc. announced the security features that will be included in the upcoming Turminal.ai beta release. To address concerns surrounding privacy and data security, ANON has developed cutting-edge security features for Turminal.ai. Given the potential risks to user data in today's AI applications, ANON aims to mitigate these concerns with its innovative security measures. One of the key features introduced in the beta release is proprietary word mixing, which obfuscates the names, places, and a proprietary list of terms used by Chat GPT to protect the original person's voice. To further enhance security, Turminal.ai utilizes Secure Sockets Layer (SSL) and a secure tunnel to establish a connection with the ANON servers. This server then communicates with Chat GPT, obfuscating the user's IP address. ANON prioritizes safeguarding message history by implementing encryption at rest across its databases and servers. In the event of a server breach, hackers will not be able to gain access to the data. Additionally, user information is cryptographically encoded within the pre-existing encrypted databases, providing an additional layer of protection and obfuscation. Account deletion is another important security feature within Turminal.ai. When a user deletes its account, the associated key is simultaneously erased, guaranteeing that no data is stored or harvested for potential future use or sale. Looking ahead, Turminal.ai has several additional features in the pipeline. Encrypted sharing, work chat capabilities and user group building with encryption for users coming and going will be introduced to provide enhanced privacy and security. Unlike other privacy-enabled apps, Turminal.ai is designed to make encryption seamless without compromising functionality. Furthermore, Turminal.ai is developing its own in-house AI technology stack, eliminating the need for data sharing with third parties. This feature will be third-party verified as secure, similar to the Proton suite of products. The public beta release of Turminal.ai on October 26 marks a significant milestone for ANON in revolutionizing the AI and data technology industry. ANON's commitment to privacy and security sets Turminal.ai apart as a leading AI application, assuring users that they can confidently utilize AI technology without compromising personal data. Announcement • Oct 20
Anon Intelligence Company Inc. Announces New Version of Turminal.ai Application to Enter Public Beta on October 26, 2023 anonymous Intelligence Company Inc. announced that its Turminal.ai application will enter public beta on October 26, 2023, at 2 pm PST. Turminal.ai. With the newest version of Turminal.ai, users can expect faster speeds and smoother interaction, allowing them to enjoy all the benefits of LLM connectivity while being able to maintain privacy and security. The team and ANON have also implemented new cutting-edge privacy protection features, which will be unveiled upon launch, guaranteeing the confidentiality and security of online activities. Turminal.ai will also be launched to its waitlist of over 37,000 users adding to its already committed base of early closed beta testers. The ANON SDK is now actively running in both the Turminal.ai and Limitless VPN platform. ANON has begun to actively seek partners to help privately and securely monetize their applications. Announcement • Sep 07
Anonymous Intelligence Company Announces Limitless Vpn’s Launch of Enhanced Vpn, Rollout to Existing Users and Revenue Generation; Provides Corporate Update Anonymous Intelligence Company Inc. announced that its legacy Limitless suite of technology products has launched a new version of its Limitless VPN, featuring updated servers, streamlined signup process, new features and built in monetization. With the newest version of Limitless VPN, users can expect faster speeds and smoother browsing, allowing them to enjoy seamless streaming, instant downloads, and uninterrupted access to their favorite content. The team and ANON have also implemented cutting-edge privacy protection features, ensuring online activities remain private and secure. The Limitless VPN has also streamlined its signup process allowing users to access the VPN service in under one minute. The Limitless VPN is the first public release of a program featuring the ANON SDK that uses public data to monetize applications without compromising user security. Users of the VPN simply agree to allow the SDK to run alongside the VPN for access to a premium VPN service for free. New Risk • Jul 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major 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$927k free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$13.8m market cap, or US$10.4m). Announcement • Jun 29
Anonymous Intelligence Company Inc. Announces Beta Launch Date of Turminal.ai Anonymous Intelligence Company Inc. announced that “Turminal.ai”, a privacy-focused AI curation platform, will begin deploying invitations to supporters who have signed up to its Beta program on July 10, 2023, at 1 pm PST. The Company also announced that it has launched a redesigned Turminal.ai website and initiated alpha testing of the Turminal.ai mobile app. The Turminal.ai beta launch (the "Beta") is an eagerly anticipated event and the Company aims to ensure a positive user experience by controlling the volume during the initial rollout. The full public Beta is expected to take place in Third Quarter 2023, after addressing any issues and receiving feedback from the beta users. This staggered rollout approach demonstrates the Company's commitment to delivering a high-quality product while actively addressing any bugs or concerns that arise. Insiders of the Company have been invited to participate in the early alpha testing of the Turminal.ai mobile app. The app is expected to launch in Third Quarter 2023, initially on iOS and later on Android. Beta testing for the iOS app will be distributed first to active Beta users on the desktop platform. New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$11.3m (US$8.55m) 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 Less than 1 year of cash runway based on free cash flow trend (-CA$927k free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$11.3m market cap, or US$8.55m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Announcement • Jun 23
Anonymous Intelligence Company Inc. Announces Turminal AI+ AI Gain of Function to Turminal.ai Platform, Adds Photo Editing Capabilities Anonymous Intelligence Company Inc. announced that Turminal.ai, a privacy-focused AI curation app, has successfully demonstrated how it can give users a unique Turminal AI+ experience with its new AI platform and extensive features. To date, the platform has received over 31,000 signups for its upcoming Beta release. An example of this functionality is Turminal.ai’s ability to provide users with instructions on building an outdoor sprinkler system for their yard or a pergola for shade, and a comprehensive shopping list of parts required to build the projects according to the required specifications, including live online links for purchase. Announcement • Jun 03
Anon Intelligence Company Inc. Announces Turminal.Ai A Revolutionary Privacy Protected Ai Dashboard anonymous Intelligence Company Inc. announced "Turminal.ai". Turminal.ai provides access to Chat GPT, and eventually a curated sweet of image creation, programming, HR, marketing, and other AI-powered programs while providing users an integrated layer of security to make user privacy a priority. The app is built on ANON's Limitless privacy technology that creates a private tunnel between users and the AI infrastructure system. The app is being developed in response to multiple thought leaders and governments expressing their comfort with the data and privacy-breaching capability of AI in its current form. Italy has gone as far as to ban Chat GPT from its borders and multiple countries have announced privacy task forces to investigate potential AI breaches. Turminal.ai aims to relieve users of these problems and provide the world with safe and secure access to modern AI technology. The Turminal.ai App is just step one in ANON's plans to de-risk AI from privacy and data breaches. The ANON SDK is a monetization program developed by the Anonymous Intelligence Company that collects public data in return for providing premium web3 applications for its privacy minded user base. The data scraped from users never identifies, logs, or keeps personal data, and instead gathers freely available data from users as they use Various ANON apps. This data goes on to build data sets for AI, and other applications. Currently the ANON SDK is being tested in the Limitless VPN platform and is soon to be launched with the Turminal.ai app as well as future ANON products. Announcement • May 25
Anonymous Intelligence Company Inc. (CNSX:ANON) entered into a letter of intent to acquire Haller.AI Technologies Inc for CAD 3.2 million. Anonymous Intelligence Company Inc. (CNSX:ANON) entered into a letter of intent to acquire Haller.AI Technologies Inc for CAD 3.2 million on May 23, 2023. The Purchase Price shall be paid to the Vendor subject to the following resale restrictions and releases based on certain milestones achieved: 25% of the Consideration Shares shall be released after 4 months +1 day from the date of closing of the Acquisition (the “Closing Date”); 25% of the Consideration Shares shall be released after 8 months from the Closing Date; 25% of the Consideration Shares shall be released upon initial commercial product launch; 25% of the Consideration Shares shall be released upon ANON achieving revenues of CAD 50,000 in a month; and 10,000,000 Consideration Warrants shall be issued upon ANON achieving revenues of CAD 150,000 in one quarter. The Consideration Shares, Consideration Warrants and the Finder’s Shares issuable in connection with the Acquisition will be subject to a four month hold period in accordance with applicable securities laws. The Acquisition is subject to completion of due diligence, negotiation of a definitive agreement, satisfaction of the conditions negotiated therein and receipt of all necessary regulatory approvals, including, as applicable, all required filings with the Canadian Securities Exchange. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. Director Al Larmour is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 31
Cloud Nine Web3 Technologies Inc. Announces Board Changes Cloud Nine Web3 Technologies Inc. announced the appointment of John Bean to the Board of Directors effective immediately. Mr. Bean is an experienced cannabis and real estate sector CFO who provides corporate finance leadership and strategic business development guidance; and who strengthens corporate governance. He has joined the board as an independent director, where he will bring to bear his financial management, capital markets, strategic acquisitions and corporate governance experience. Mr. Bean was the CFO of Aurora Cannabis Inc., a Canadian federally licensed producer of medical cannabis, during its first two years as a public company, when it obtained its license to grow, became licensed to sell, and then received customer revenues. Aurora Cannabis grew from $100m market capitalization to multi-billion market capitalization under Mr. Bean's initial financial stewardship. Mr. Bean is currently a director of Norsemont Mining Inc. and Cullinan Metals Corp. and has served on the board of Prescient Mining Corp., which became Aurora Cannabis Inc., General Fusion Inc., SyncWave Energy Inc., TAP Ventures Inc., RSI International, BC Technologies Industry Association, Accenture's CSTaR (Center for Strategic Technology Research) and Bobolink Daycare Society for Deaf Children. Mr. Kulwant Sandher has resigned from the Company's Board of Directors. Cloud Nine wishes to thank Mr. Sandher for his contributions and wishes him well in his current and future ventures. Announcement • Jul 26
Cloud Nine Web3 Technologies Inc. Appoints Anthony Zelen to the Board of Directors Cloud Nine Web3 Technologies Inc. announced the appointment of Anthony Zelen to the Board of Directors, effective immediately. Mr. Zelen, a serial entrepreneur, has over 27 years of experience in finance, investor relations, sales, and corporate development. He was a co-founder of BIGG Digital Assets Inc. which reached a market cap of over $900 million. He is the owner and president of Senergy Communications Capital Inc. since 2006, which is focused on the public markets and is involved in investor relations, public relations, social media and strategic marketing for the technology, cannabis, pharmaceutical, mining and oil & gas sectors. Mr. Zelen has served as an officer and director of over 16 publicly listed companies for the last 27 years. His business activities within the venture capital arena has enabled him to establish a network of angel investors, family offices, accredited investors, and investment banking contacts throughout North America, Europe and Asia. He has also been involved with more than a dozen startups including Diitalk Communications and Blockchain Intelligence Group. Announcement • Jul 12
Cloud Nine Web3 Technologies Inc., Annual General Meeting, Sep 20, 2022 Cloud Nine Web3 Technologies Inc., Annual General Meeting, Sep 20, 2022. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Director Kulwant Sandher is the most experienced director on the board, commencing their role in 2015. Independent Director Kant Trivedi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Sep 24
Cloud Nine Announces the Initial Release of the Limitless Platform Cloud Nine Web3 Technologies Inc. announces the initial release of its recently acquired "Limitless Platform". The Limitless Platform is a hybrid distributed network designed to share the resources of its users. The initial product is a virtual private network (VPN), where users trade their unused computing power for access to secure internet access and better privacy. Versions for most common devices such as, Windows, Mac, Mobile and later Xbox/common network storage devices such as Synology NAS, are anticipated to be available in the coming days, and the Company encourages users to try out the platform and provide feedback. After an initial startup period or “calibration”, the Company intends to reward/compensate users for sharing resources with the platform through discounted service offerings such as data storage services. The rewards or discounts for users will be determined at a later time after the initial launch, and after feedback has been received. This computational power could be used for a variety of use cases including network and storage sharing, proof of stake cryptocurrency mining, movie rendering and content delivery networks. Infrastructure is one of the largest expenses of a software as a service company or a cloud provider. By democratizing it for the users, management believes it will save money for the Company and for the platform’s users. Executive Departure • Aug 09
Independent Chairman Dalton Larson has left the company On the 5th of August, Dalton Larson's tenure as Independent Chairman ended. As of March 2021, Dalton still personally held 358.75k shares (CA$613k worth at the time). Dalton is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.17 years. Announcement • Mar 21
Cloud Nine Web3 Technologies Inc. Appoints Sefton Fincham as President, Effective April 1, 2021 Cloud Nine Web3 Technologies Inc. announced the appointment of successful technology investor and entrepreneur, Sefton Fincham as President of the Company effective April 1, 2021. Fincham is the founder of Look to the Sky Films and Thirty Six Financial Group, an investment firm focused on small-cap and special situation investing, in partnership with two-time Stanley Cup Chicago Blackhawks player, Dave Bolland. Under his leadership, Thirty Six Financial Group has successfully raised and deployed over $100 million into the small cap space over the past few years, which were primarily focused on earlier staged companies with a go public strategy. These strategic investments have been into select private and public companies at the forefront of innovation in the technology, health, education and clean energy sectors. Through Look to the Sky Films, Fincham has worked with Hollywood notables such as 50 Cent, Bruce Willis, Bella Thorne, Vince Vaughn and Academy Award Winners, Robert De Niro, Mel Gibson and Hilary Swank. He has done several significant deals in the entertainment space with companies such as NBC Universal, Lionsgate and Sony to name a few. Announcement • Feb 17
Cloud Nine Education Group Ltd. announced that it expects to receive CAD 5.00004 million in funding Cloud Nine Education Group Ltd. (CNSX:CNI) announced a non-brokered private placement to issue 3,676,500 units at a price of CAD 1.36 per unit for gross proceeds of CAD 5,000,040. The transaction is subject to a 100% over-allotment option exercisable in the sole discretion of the Company any time prior to closing. Each unit will comprise of one common share of the company and one-half of one transferrable share purchase warrant. Each warrant will entitle the holder to acquire one share at a price of CAD 1.75 per share for a period of twelve months following closing of the offering. The company may accelerate the expiry date of the warrants on not less than 30 days' notice, should the trading price of the Shares be at CAD 2.50 per share and above for ten consecutive trading days. Finders' fees and commissions may be paid by the Company in relation to the units sold in this offering. Announcement • Feb 05
Cloud Nine Education Group Ltd. announced a financing transaction Cloud Nine Education Group Ltd. (CNSX:CNI) announced a non-brokered private placement of units at a price of CAD 0.30 per share on February 3, 2021. Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of CAD 0.75 for the period of 12 months from the closing date. The company will pay finder's fee of CAD 30,456 and will issue 40,608 finder warrants. The finder warrants are non-transferable and exercisable on the same terms as the warrants issued under the transaction. All securities issued in the transaction will be subject to a four-month and one-day hold period in accordance with applicable Canadian securities laws.
On the same date, the company has issued 6,235,666 units for gross proceeds of CAD 1,870,700 in its first tranche. Is New 90 Day High Low • Feb 03
New 90-day high: CA$0.68 The company is up 1,033% from its price of CA$0.06 on 04 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 6.0% over the same period. Announcement • Jan 20
Cloud Nine Education Group Ltd. announced that it has received CAD 1.1996 million in funding Cloud Nine Education Group Ltd. (CNSX:CNI) announced a non-brokered private placement of secured convertible debentures for gross proceeds of CAD 1,199,600 on January 18, 2021. The debentures have a maturity date of one year from the date of issuance and the principal amount of the debenture, together with any accrued and unpaid interest, will be payable on the maturity date, debenture bears interest at the rate of 5% per annum, which Interest will be payable on the maturity date, unless earlier converted; and the principal amount of a Debenture, together with all accrued and unpaid interest thereon, is convertible into units of the company at the option of the holder at a conversion price of CAD 0.06 per debenture unit, with each debenture unit comprised of one common share of the company and one transferable share purchase warrant with each debenture warrant exercisable into one additional debenture share at an exercise price of CAD 0.07 per debenture warrant share for a period of two years from the date of conversion. Repayment by the company of amounts owing under the debentures is secured by a charge over all of the assets of the company. All subscribers to the debenture financing entered into an agency and inter-lender agreement with the company, pursuant to which the subscribers have appointed an agent to act on their behalf as to certain matters relating to the debentures, including with respect to enforcement of the security interest.