Announcement • 4h
Tenet Fintech Group Inc. announced that it expects to receive CAD 1.2 million in funding Tenet Fintech Group Inc. has a non-brokered private placement financing by issuing up to 24,000,000 common shares at a price of CAD 0.05 per share for aggregate gross proceeds of CAD 12,00,000. The private placement will be conducted on a prospectus-exempt basis with investors: (i) resident in Canada in reliance upon the accredited investor exemption under Section 73.3 of the Securities Act (Ontario) or Section 2.3 of National Instrument 45-106 (Prospectus Exemptions), as applicable; and (ii) resident in offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable securities laws. Announcement • May 02
Tenet Fintech Group Inc., Annual General Meeting, Jun 30, 2025 Tenet Fintech Group Inc., Annual General Meeting, Jun 30, 2025. Announcement • Mar 16
Tenet Fintech Group Inc. announced that it has received CAD 3.649167 million in funding On March 14, 2025, Tenet Fintech Group Inc. closed the transaction. The company issued 72,983,340 units at issue price of CAD 0.05 for gross proceeds of CAD 3,649,167 in the transaction. The company paid CAD 291,933.36 as cash finder's fee and 5,838,667 finder's warrants. Each finder's warrant entitles the holder thereof to subscribe for one common share at a price of CAD 0.15 during the 24 months following its issuance, subject to the accelerated expiry date conditions. Announcement • Mar 07
Tenet Fintech Group Inc. announced that it expects to receive CAD 3 million in funding Tenet Fintech Group Inc. announced a non-brokered private placement to issue 60,000,000 units at issue price of CAD 0.05 for gross proceeds of CAD 3,000,000 on March 6, 2025. Each unit of the Offering will be comprised of one common share of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.15 for a period of 24 months from the date of issuance thereof. Certain qualified individuals and registered investment dealers may assist the Company with respect to the Offering by introducing potential subscribers to the Company, and in connection therewith, may receive from the Company, if agreed upon between the Company and the applicable Finders and subject to compliance with securities laws, a cash finder's fee equal to 8% of the gross proceeds raised and a number of finder's warrants equal to 8% of the number of Units placed. Each Finder's Warrant will entitle the holder thereof to subscribe for one Common Share at a price of CAD 0.20 during the 36 months following their issuance, subject to the Accelerated Expiry Date conditions. The securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date of the Offering. Completion of the Offering is subject to certain conditions,
including compliance with the policies of the Canadian Securities Exchange. Announcement • Mar 06
Tenet Fintech Group Inc. Launches ie-Pulse Microeconomic Data Platform Tenet Fintech Group Inc. announced that it has launched its ie-Pulse macroeconomic data platform aimed at providing a sense of economic activity by leveraging small and medium sized enterprise (SME) financial and operational data gathered through the Company's Business Hub platform. While the platform is only launched with a single index (the Canada Professional, Scientific and Technical Services Sales Index) and it's not yet providing macroeconomic data on the Chinese economy, the idea is to eventually be able to expand and leverage the Business Hub to give clients a sense of how economies around the world are performing on a daily basis. With the development of the ie-Pulse platform completed and the initial index launched, Tenet plans to launch new indexes every month while systematically increasing the number of SMEs in each index to be gradually more representative of the industrial sectors covered by the indexes. To be considered for inclusion in an index, SMEs need to meet specific criteria, including keeping their books up to date and having at least a year of complete data in their accounting software systems. This allows Tenet to create historical values for the indexes, which can then be back-tested against official macroeconomic data previously released by the government and, thus, establish performance benchmarks for the indexes. The Company plans to work on ie-Pulse enhancements and improvements with capital market advisors, economists, government representatives and academics going forward to ensure that ie-Pulse continues to deliver value to its intended clientele, and ultimately, to Tenet shareholders. Announcement • Jan 09
Tenet Fintech Group Inc.'S Business Hub Onboards Some 400 Smes in A Single Day to Make First Microeconomic Indexes Viable Tenet Fintech Group Inc. announced that a recent single-day influx of data from almost 400 small and medium-sized enterprise on its Business Hub platform has now made the commercialization of the Company's first macroeconomic indicator indexes viable. Tenet initially targeted the launch of its first ie-Pulse macroeconomic indicator indexes by the end of 2024. However, the lack of sufficient SME data shared through the Business Hub at that time made the launch unfeasible. Tenet worked closely with its bookkeeping service partners in late 2024 to speed up SME registrations on the Business Hub in preparation for the ie-Pulse launch. The Company updated the platform to allow its bookkeeping service partners, with their clients' consent, to register multiple SMEs on the platform at a time. Previously, the platform was designed to connect only with individual SMEs' accounting software systems. This adjustment introduced technical complexities that required additional time to address, which contributed to the delayed launch of the ie-Pulse offering. With the enhancements now complete, Tenet will be looking to release the initial version of the ie-Pulse indexes following a short two-to-three-week internal testing period. Announcement • Dec 19
Tenet Fintech Group Inc. announced that it has received CAD 1.055 million in funding On December 18, 2024. Tenet Fintech Group Inc. has closed the transaction. it has issued 1,900,000 units at a price of CAD 0.1 for proceeds of CAD 190,000 in its final tranche. Announcement • Dec 04
Tenet Fintech Group Inc. announced that it has received CAD 1.966 million in funding On December 3, 2024, Tenet FintechGroup Inc closed the transaction. The company announced that it has issued 11,010,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,101,000 in second and final tranche. Each unit of the Offering will be comprised of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.20 for a period of 36 months from the date of issuance thereof. The securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date of the Offering. Certain qualified individuals and registered investment dealers , who assisted the Company with respect to the Financing, received from the Company, in compliance with securities laws, a cash finder's fee equal to 8% of the gross proceeds raised and a number of finder's warrants equal to 8% of the number of Units placed. Each Finder's Warrant entitles the holder thereof to subscribe for one Common Share at a price of CAD 0.20 during the 36 months following its issuance, subject to the Accelerated Expiry Date conditions. Announcement • Nov 13
Tenet Fintech Group Inc. announced that it expects to receive CAD 2 million in funding Tenet Fintech Group Inc. announced a private placement of up to 20,000,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 2,000,000 on November 12, 2024. Each unit of the Offering will be comprised of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.20 for a period of 36 months from the date of issuance thereof. The securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date of the Offering. A first tranche of the Offering is expected to close on or before November 15, 2024. Completion of the Offering is subject to certain conditions, including compliance with the policies of the Canadian Securities Exchange. The company may pay a cash finder's fee equal to 8% of the gross proceeds raised and a number of finder's warrants equal to 8% of the number of units placed. New Risk • Nov 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.87m (US$9.65m) 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 (34% average weekly change). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Market cap is less than US$10m (€8.87m market cap, or US$9.65m). Announcement • Oct 10
Tenet Fintech Group Inc. Releases Beta Versions of Networking and Advertising Modules of Business Hub Tenet Fintech Group Inc. announced that it has released beta versions of the networking and advertising modules of its Business Hub to a select group of the platform's existing clients. The beta release of the new modules constitutes what the Company deems to be a "soft launch" of the features to allow some existing members to test the new functionalities and provide their feedback and comments to the Company before a planned Canada-wide release following the beta phase. Those taking part in the soft launch will receive 1,000 Cubeler Points, which they will be able to redeem to download market intelligence reports, unlock additional platform features or run advertising campaigns on the Business Hub to promote their products or services. Board Change • Oct 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO of Tenet China & Director Golden Qiu is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 82% 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 Share price has been highly volatile over the past 3 months (59% average weekly change). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€11.0m market cap, or US$12.2m). Board Change • Sep 11
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). CEO of Tenet China & Director Golden Qiu is the most experienced director on the board, commencing their role in 2017. Independent Director Yves Renaud was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Sep 05
Tenet Fintech Group Inc. announced that it has received CAD 3.9075 million in funding On September 4, 2024 the company closed the transaction. The company has issued 39,075,000 units to accredited investors, with each unit priced at CAD 0.10 for gross proceeds of CAD 3,907,500. Reported Earnings • Sep 01
Second quarter 2024 earnings released: CA$0.088 loss per share (vs CA$0.059 loss in 2Q 2023) Second quarter 2024 results: CA$0.088 loss per share (further deteriorated from CA$0.059 loss in 2Q 2023). Revenue: CA$713.9k (down 96% from 2Q 2023). Net loss: CA$12.7m (loss widened 107% from 2Q 2023). Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.036 loss per share (vs CA$0.085 loss in 1Q 2023) First quarter 2024 results: CA$0.036 loss per share (improved from CA$0.085 loss in 1Q 2023). Revenue: CA$765.6k (down 92% from 1Q 2023). Net loss: CA$5.19m (loss narrowed 39% from 1Q 2023). Reported Earnings • May 02
Full year 2023 earnings released: CA$0.69 loss per share (vs CA$0.54 loss in FY 2022) Full year 2023 results: CA$0.69 loss per share (further deteriorated from CA$0.54 loss in FY 2022). Revenue: CA$42.1m (down 62% from FY 2022). Net loss: CA$76.8m (loss widened 45% from FY 2022). Announcement • Apr 28
Tenet Fintech Group Inc., Annual General Meeting, Jun 26, 2024 Tenet Fintech Group Inc., Annual General Meeting, Jun 26, 2024. New Risk • Apr 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.84m (US$9.60m) 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 (22% average weekly change). Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (€8.84m market cap, or US$9.60m). Minor Risk Shareholders have been diluted in the past year (45% increase in shares outstanding). New Risk • Feb 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.94m (US$9.58m) 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$15m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (€8.94m market cap, or US$9.58m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Dec 02
Third quarter 2023 earnings released: CA$0.37 loss per share (vs CA$0.078 loss in 3Q 2022) Third quarter 2023 results: CA$0.37 loss per share (further deteriorated from CA$0.078 loss in 3Q 2022). Revenue: CA$9.24m (down 57% from 3Q 2022). Net loss: CA$42.7m (loss widened 447% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Board Change • Nov 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO of Tenet China & Director Golden Qiu is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Jean Leblond was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Tenet Fintech Group Inc. Announces Board Appointments Tenet Fintech Group Inc. announced the results of the special meeting of shareholders held 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. Renaud and Sanjay Sharma to the Board. Mayco Quiroz, who was elected to the Board of Directors of the Company on June 27, 2023, resigned his position effective as of the close of the Meeting and was appointed to the position of Chief Operating Officer of the Company. Mr. Quiroz is a Chartered Professional Accountant (CPA) specializing in strategic and operations management, legal and financial compliance, treasury management and financing. He brings close to 25 years of professional experience, including 15 years working with Fintech companies, to Tenet's executive and leadership team. Mr. Quiroz is expected to work in close collaboration with Tenet CEO Johnson Joseph and Tenet Chief Analytics Officer Dr. Luis Rocha on the development and commercialization of the Company's data-driven products through Tenet's Tenoris3 subsidiary. Tenet's Board of Directors is now comprised of three independent directors, namely Jean Leblond, Yves C. Renaud and Sanjay Sharma, and two non-independent directors in CEO Johnson Joseph and Liang Qiu who serves as CEO of Tenet's Chinese operations. Board Change • Sep 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Mayco Quiroz was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 02
Tenet Fintech Group Inc. announced that it expects to receive CAD 3 million in funding Tenet Fintech Group Inc. announced a non-brokered private placement of up to 21,428,571.42 units at the price of CAD 0.14 per unit for gross proceeds of up to CAD 3,000,000 on June 1, 2023. Each Unit sold is comprised of one common share and one common share purchase warrant to purchase one common share at a price of CAD 0.175 per share any time prior to two years following the closing of the first tranche dffering, subject to certain terms and conditions. The transaction will happen in tranches of a minimum of CAD 300,000 per tranche over a period of six months. The first tranche offering 2,142,858 units is offered at a price of CAD 0.14 per unit, for gross proceeds of CAD 300,000.12. The first tranche offering will take place by way of a private placement to a Cayman segregated portfolio company, Open–Ended Fund, managed by an investment firm headquartered in Hong Kong. It is the intention of the parties that the offering of the units will be made in reliance on the exemptions available in OSC Rule 72-503 distributions outside canada. The Company expects to close the first tranche offering on Thursday June 7, 2023. Subsequent tranches of units in the offering will be priced at the time of each such tranche, within the pricing policies of the Canadian Securities Exchange. Announcement • May 20
Tenet Fintech Group Inc. Announces Cessation of Jean Landreville as Chief Financial Officer Tenet Fintech Group Inc. announced as part of the Company's management transition, Jean Landreville has left the Company as Chief Financial Officer, effective immediately. A search for a new CFO is underway. Announcement • May 09
Tenet Fintech Group Inc. Announces CEO Changes Tenet Fintech Group Inc. announced that Carol Penhale, the Company's Chair, has been appointed Interim CEO, while the Board remains committed in its on-going focus on securing financing for the Company. Ms. Penhale will act as the Interim-CEO for a period of three months while the Company's search continues for permanent Chief Executive Officer candidates since Mr. Wahidy has informed the Board that he would no longer serve as Acting CEO of the Company. Ms. Penhale has spent more than 35 years in financial services in a variety of roles across capital markets, banks and asset management organizations including Broadridge Financial, Mackenzie Investments and DST International. Ms. Penhale has significant business experience, and a background in technology and data transformation initiatives in strategic consulting and interim C-level management roles. Her experience crosses many layers of financial services globally, including strategic planning, operations recalibration, systems development, program management, business development and customer experience handling enhancements. She has B.A. from the University of Toronto, a certificate from the University of Edinburgh and has a degree in programming and systems analysis from The Institute for Computer Studies. The independent board members of the Company continue to have active discussions with various firms to assist the Company with its financing efforts. These firms recognize Tenet's efforts to streamline operations to reduce the Company's costs and the market opportunity that is available to Tenet. Reported Earnings • Apr 08
Full year 2022 earnings released: CA$0.54 loss per share (vs CA$0.66 loss in FY 2021) Full year 2022 results: CA$0.54 loss per share. Revenue: CA$109.9m (up 6.0% from FY 2021). Net loss: CA$53.1m (loss widened 6.7% from FY 2021). Reported Earnings • Dec 01
Third quarter 2022 earnings released: CA$0.078 loss per share (vs CA$0.017 profit in 3Q 2021) Third quarter 2022 results: CA$0.078 loss per share (down from CA$0.017 profit in 3Q 2021). Revenue: CA$21.6m (down 16% from 3Q 2021). Net loss: CA$7.79m (down CA$9.15m from profit in 3Q 2021). Revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Carol Penhale was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Michael Pesner was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Sep 11
Forecast to breakeven in 2023 The analyst covering Tenet Fintech Group expects the company to break even for the first time. New forecast suggests losses will reduce by 70% to 2022. The company is expected to make a profit of CA$3.82m in 2023. Average annual earnings growth of 148% is required to achieve expected profit on schedule. Breakeven Date Change • Jul 07
No longer forecast to breakeven The analyst covering Tenet Fintech Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of CA$926.9k in 2023. New forecast suggests the company will make a loss of CA$1.48m in 2023. Breakeven Date Change • Sep 15
Forecast to breakeven in 2022 The 2 analysts covering Peak Fintech Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$10.4m in 2022. Average annual earnings growth of 190% is required to achieve expected profit on schedule. Reported Earnings • Jun 03
First quarter 2021 earnings released: CA$0.006 loss per share (vs CA$0.012 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$14.2m (up 261% from 1Q 2020). Net loss: CA$765.6k (loss narrowed 14% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. 
