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. - 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.

Tenet Enters into Strategic Alliance Agreement with the Canadian Chamber of Commerce's SME Institute

Toronto, Ontario--(Newsfile Corp. - October 5, 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 strategic marketing and promotional agreement with Blubooks (https://www.blubooks.co), a cloud accounting firm specializing in bookkeeping, income tax and sales tax compliance globally. "We are very excited about this new partnership with Blubooks which we believe will help to further grow Cubeler® Business Hub membership in Canada," said Marc Pearson, VP, Global Channels and Alliances at Tenet subsidiary, Cubeler Inc." It is through partnerships like these that we'll be able to promote the benefits of the Hub more effectively to the Canadian SME community.

Tenet Welcomes SME Bookkeeping and Related Service Provider Blubooks to the Cubeler Business Hub

Toronto, Ontario--(Newsfile Corp. - October 2, 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 won the bid to develop software that will help East China Electric Power Design Institute (ECEPDI) determine storage requirements and battery configurations for hydrogen battery projects. The software will be built as a module of Tenet's i3060 Clean Energy platform and made available to ECEPDI through a web interface.

Tenet Wins Contract to Develop Clean Energy Software for East China Electric Power Design Institute

Toronto, Ontario--(Newsfile Corp. - September 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, is pleased to announce that it has filed the meeting materials (the "Meeting Materials") in connection with a special meeting of shareholders of the Company to be held on October 26, 2023 at 10:00am EST (the "Meeting"). Registered shareholders and duly appointed proxyholders will be able to attend and vote at the Meeting in-person and also access the Meeting via the Internet or by telephone.

Tenet Fintech Group Inc. Files Special Meeting Materials

Toronto, Ontario--(Newsfile Corp. - September 20, 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 Heartbeat insurance product management and brokerage platform recently reached a major milestone by facilitating the sale of over 3,000,000 insurance policies worth an aggregate value of more than 5.7 billion RMB (approximately CAD$1.05 billion). As of the date of this news release, more than 400 Chinese insurance brokerage companies from across the country were using Tenet's Heartbeat platform to connect with, access, and sell insurance products from some of China's largest insurance companies, including Ping An Insurance (https://group.pingan.com/), China Life Property & Casualty Insurance Company (https://www.chinalife-p.com.cn/), The People's Insurance Company of China (https://www.picc.com/) and Bank of China Insurance Company (https://www.boc.cn/), all of whom the platform is linked with.

Tenet's Heartbeat Insurance Platform Reaches Major Milestone with over 3 Million Insurance Policies Facilitated

Toronto, Ontario--(Newsfile Corp. - September 15, 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 Cubeler Inc. subsidiary ("Cubeler") and Certified Professional Bookkeepers of Canada ("CPB Canada"), have entered into a strategic alliance agreement related to the marketing and promotion of the Cubeler® Business Hub and CPB Canada's service offering. "With this partnership, Cubeler will have the opportunity to work very closely with Certified Professional Bookkeepers of Canada (https://cpbcan.ca/) and its membership base, which aligns perfectly with Cubeler's core target market," said Marc Pearson, VP, Global Channels and Alliances at Cubeler.

Tenet and Certified Professional Bookkeepers of Canada Sign Strategic Alliance Agreement

Montreal, Québec--(Newsfile Corp. - September 11, 2023) - Johnson Joseph, the President, Chief Executive Officer and a director of Tenet Fintech Group Inc. (the "Company"), acquired ownership and control of 350 units of the Company (705 - 119 Spadina Ave., Suite 2702, Toronto, Ontario M5V 2L1) (the "Units") on September 8, 2023, for a purchase price of $350,000.

Tenet Fintech Group CEO Provides Update on Interest in the Company

Toronto, Ontario--(Newsfile Corp. - September 8, 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 June 29, 2023 in which it disclosed an intention to complete financings for gross proceeds of up to $20,000,000 (the "Financing"), is pleased to announce that it has issued and completed a third tranche closing of the Financing (the "Third Tranche Closing") with the sale of 710 units (the "Units") to insiders of the Company by way of non-brokered private placement financing at a price of $1,000 per Unit for gross proceeds of CAD$710,000. Each Unit sold in the Third Tranche Closing is comprised of: (i) one 10.0% non-secured convertible debenture of the Company in the principal amount of $1,000 (a "Convertible Debenture") and (ii) 4,000 warrants (the "Warrants") to purchase common shares of the Company (the "Common Shares").

Tenet Closes Third Tranche of Private Placement of Convertible Debenture Units with CAD$710,000 Investment from Company Insiders

Toronto, Ontario--(Newsfile Corp. - August 29, 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 its financial results and operating highlights for the three-month and six-month periods ended June 30, 2023, and June 30, 2022. A disruption at the Company's executive management level during about two-thirds of the second quarter resulted in limited business development and operational progress for the Company in both China and Canada.

Tenet Fintech Reports Second Quarter 2023 Financial Results

Toronto, Ontario--(Newsfile Corp. - August 18, 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 June 29, 2023 in which it disclosed an intention to complete financings for gross proceeds of up to $20,000,000 (the "Financing"), is pleased to announce that it has issued and completed a second tranche closing of the Financing (the "Second Tranche Closing") with the sale of 7,625 units (the "Units") comprised of convertible debentures and warrants by way of non-brokered private placement financing at a price of $1,000 per Unit for gross proceeds of approximately CAD$7,625,000. Certain directors and officers of Tenet (the "Insiders") had intended to purchase a total of 710 Units from the Second Tranche Closing, but given the fact that the Company intends to file its second quarter 2023 results on August 29, 2023, the purchase of the Units by the Insiders will now take place in a third tranche closing of the Financing shortly after the filing of Tenet's second quarter 2023 results in order to respect the Company's insider trading policy.

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