Toronto, Ontario--(Newsfile Corp. - March 19, 2026) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or "the Company"), a leading fintech platform, today announced that it has engaged Monarq Asset Management to lead the hands-on yield strategy and portfolio construction for its Digital Asset Treasury ("DAT"). Monarq was a key participant in Pineapple's $100 million private placement completed in September 2025 and is expanding its role to support the day-to-day execution of the Company's treas ...

Toronto, Ontario--(Newsfile Corp. - March 12, 2026) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or "the Company"), a leading fintech platform, today announced that its Board of Directors has authorized a share repurchase program for up to US$3,000,000 of the Company's common shares in the open market."Our decision to authorize this share repurchase program reflects our conviction in Pineapple's long-term strategy and the strength of the operating model we've built," said Shubha Dasgupta, ...

Core Insights - Pineapple Financial Inc. is undergoing a comprehensive operational restructuring as part of its 2026 Core Mortgage Platform strategy, aimed at significantly lowering its fixed cost base and improving operating leverage [1] - The company has implemented approximately $1.33 million (C$1.8 million) in annualized cost savings, with expectations to achieve over $2.5 million (C$3.4 million) in total annual expense reductions [2] - The restructuring includes a reduction of total headcount by over 60% and a shift towards a leaner, AI-enabled operating model [2][3] AI Integration and Growth Strategy - Pineapple is integrating artificial intelligence across core business functions to automate processes, enhance workflow, and improve customer engagement, which is expected to lead to higher EBITDA margins and near-term cash-flow breakeven [3] - The company is launching an AI-driven search and sales agent onboarding program to connect with over 40,000 agents across Canada, aiming to expand its national footprint and drive scalable revenue growth [4] Operational Focus - With the restructuring largely complete, Pineapple is now focused on execution and unit economics, implementing a recurring operating scorecard to track key performance metrics [5]

Core Insights - Pineapple Financial Inc. is participating in the Webull Crypto and Digital Asset Treasury Webinar on March 11, 2026, with Anthony Georgiades as the presenter [1] - The company focuses on a digital asset treasury strategy, specifically accumulating INJ tokens through disciplined open-market purchases [3] - Pineapple Financial is recognized as a leading fintech platform and Canadian mortgage brokerage network, emphasizing the success of agents and brokers while enhancing homeowner experiences [4] Group 1 - Pineapple Financial's leadership team member, Anthony Georgiades, will present at the Webull Crypto DAT Virtual Webinar on March 11, 2026, at 1:40 PM ET [1] - The company is committed to delivering shareholder value through strategic capital allocation in the digital asset landscape [3] - Pineapple Financial is an award-winning fintech company with a focus on creating cloud-based tools and AI-driven systems for brokers [4] Group 2 - The company has a network of hundreds of brokers aimed at helping Canadians achieve homeownership [4] - Pineapple Financial actively sponsors charities across Canada to improve the lives of fellow Canadians [4]

Core Insights - Pineapple Financial Inc. is actively participating in two investor conferences in February 2026, showcasing its leadership and commitment to engaging with investors [1][2]. Group 1: Conference Participation - Shubha Dasgupta, CEO and Co-Founder, will present at the Noble Capital Markets Emerging Growth Virtual Equity Conference on February 5, 2026, at 9:30 a.m. ET [2]. - Anthony Georgiades, Director, will participate in a panel discussion titled "Are Stablecoins Becoming a Money-Market Competitor?" at the Digital Assets Forum in London on February 5, 2026, from 3:45 to 4:35 p.m. BST [3]. Group 2: Company Overview - Pineapple Financial Inc. is a leading fintech platform and Canadian mortgage brokerage network, focusing on the success of agents and brokers as well as enhancing the homeowner experience [5]. - The company utilizes advanced cloud-based tools and AI-driven systems to assist brokers in helping Canadians achieve homeownership [5].

Core Insights - Pineapple Financial Inc. reported Q1 2026 gross billings of $4.1 million and revenue of $0.7 million, with expectations for FY 2026 gross billings between $17.5 million and $20.8 million and revenue between $7.7 million and $9.5 million [1][9] - The company has transitioned from an infrastructure build-out phase to an execution-focused operating phase, emphasizing operating discipline, earnings quality, and capital efficiency [2][3] Financial Performance - Q1 2026 gross billings decreased to $4.1 million from $4.4 million in Q1 2025, while revenue fell to $0.7 million from $0.8 million in the same period [14] - Total expenses for Q1 2026 were $7.3 million, significantly higher than $1.5 million in Q1 2025, primarily due to a $6.1 million non-cash change in fair value related to the Digital Asset Treasury [14] - Loss from operations was $6.6 million compared to $0.7 million in Q1 2025, but net cash used in operations improved to $0.5 million from $0.7 million [18] Strategic Developments - The company has launched a mortgage tokenization platform, converting real-world mortgage records into secure digital assets on the INJ blockchain, marking a significant advancement in its financial infrastructure strategy [5] - Nearly $1 billion in originated mortgages have been tokenized, with plans to migrate a full historical portfolio of over 29,000 funded mortgages, totaling approximately $13.7 billion CAD [6] - The tokenization initiative supports the rollout of a Mortgage Data Marketplace and Pineapple Prime, aimed at generating high-margin, recurring revenue streams [7] Market Outlook - The Canadian mortgage market is expected to remain resilient, with over 1.1 million households anticipated to renew their mortgages in 2026, providing consistent opportunities for mortgage providers [13] - Pineapple expects to expand its agent network to between 700-1000 agents during fiscal 2026, supported by targeted recruitment and improved retention strategies [11] - The company projects continued improvement in unit economics and operational efficiency as it scales its platform [12]

Financial Performance - For the three months ended November 30, 2025, the company reported a net loss of approximately $6.4 million, compared to a net loss of approximately $0.7 million for the same period in the prior year, reflecting an increase in net loss driven by a non-cash loss related to digital asset holdings [160]. - Revenue for the three months ended November 30, 2025, was approximately $0.7 million, a decrease of approximately $44 thousand, or 5.8%, compared to $0.8 million in the prior-year period, attributed to continued softness in mortgage origination activity [161]. - The company recorded a net loss of $6.4 million for the three months ended November 30, 2025, with negative operating cash flows of $498,367 [208]. Operating Expenses - Total operating expenses increased to approximately $7.3 million for the three months ended November 30, 2025, compared to approximately $1.5 million in the same period of the prior year, primarily due to a $6.1 million non-cash loss from digital asset fair value changes [162]. - Selling, general and administrative expenses decreased by approximately 5.4%, while advertising and marketing expenses declined by approximately 54% due to reduced discretionary spending [163]. - SG&A expenses decreased to $394,851 for the three months ended November 30, 2025, from $417,406 in the prior-year period, representing a decrease of approximately 5.4% [191]. - Advertising and marketing expenses decreased by approximately 54.4% to $124,398 for the three months ended November 30, 2025, compared to $273,009 in the same period last year [202]. Mortgage Activity - Mortgage origination volume increased to approximately $457.1 million for the three months ended November 30, 2025, compared to $424.1 million in the prior-year period, representing an increase of approximately 7.8% driven by higher renewal and refinance activity [184]. - Early indicators in the fourth quarter reflected increased mortgage application volumes and lead-generation activity, primarily driven by renewal and refinance demand, positioning the company for a gradual recovery in mortgage activity [159]. Digital Assets - The company invested approximately $11.8 million in Injective digital assets during the quarter, with plans to pursue up to $100 million in aggregate investment, subject to market conditions [158]. - The company recognized a fair value loss of $6.1 million on digital assets during the quarter, which is presented within operating expenses [165]. Cash Flow and Liquidity - Net cash used in operating activities improved to $489,745 for the three months ended November 30, 2025, compared to $663,597 in the prior-year period, representing a reduction of $173,852 [215]. - Net cash provided by financing activities totaled $11.95 million for the three months ended November 30, 2025, compared to $1.19 million in the prior-year period, primarily due to additional borrowings [217]. - Net cash used in investing activities was $12.11 million for the three months ended November 30, 2025, compared to $0.28 million in the prior-year period, driven by purchases of Injective digital assets [218]. - As of November 30, 2025, the Company had cash and cash equivalents of $1.48 million, down from $2.34 million at the same time last year, reflecting significant investing outflows [219]. Assets and Liabilities - As of November 30, 2025, the Company's total current assets decreased to $1,789,874 from $2,319,595 as of August 31, 2025, representing a decrease of approximately $529,721 [221]. - Total current liabilities increased significantly to $14,793,034 as of November 30, 2025, from $3,001,691 as of August 31, 2025, driven by the recognition of a loan payable of $11,983,087 [224]. - Trade and other receivables increased to $143,732 as of November 30, 2025, compared to $92,223 at August 31, 2025, reflecting the timing of billings and collections [223]. - Prepaid expenses and deposits increased to $166,975 as of November 30, 2025, from $110,001 as of August 31, 2025, due to advance payments for various services [223]. - Accounts payable and accrued liabilities decreased modestly to $2,001,934 from $2,125,160, reflecting the timing of vendor payments [224]. Strategic Investments - The Company invested in a commercial mortgage firm, MCommercial, representing 5% of the total issued shares, enhancing product offerings and service levels [239]. - The Company acquired 5% of the total issued shares of Mortgage Alliance Corporation, expanding its presence in the mortgage brokerage sector [240]. Management Outlook - Management believes existing cash resources and expected operating cash flows are sufficient to meet short-term obligations [225]. - The Company operates under U.S. GAAP, requiring estimates and assumptions that may differ from actual results [226].

Core Insights - flyExclusive, Inc. has seen a stock price increase to $6.94, representing a 121.02% rise, driven by its expansion in private jet operations and strategic positioning for long-term growth [1][5] - China SXT Pharmaceuticals, Inc. has climbed to $4.87, a 143.75% increase, with its focus on traditional Chinese medicine and the Strategic AI Insights Initiative as key growth drivers [2][5] - Pineapple Financial Inc. has experienced a stock price rise to $2.73, a 91.26% increase, attributed to its innovative MyPineapple technology platform and the appointment of Anthony Georgiades to its Board of Directors [3][5] Company Developments - flyExclusive is enhancing its operations in Raleigh, North Carolina, to attract top talent and improve collaboration [1] - China SXT Pharmaceuticals is integrating advanced technology into its operations through AI-supported clinic deployment [2] - Pineapple Financial's strategic positioning is strengthened by the expertise of its new board member in digital assets and institutional investment [3] Market Trends - The movements of these companies indicate strong investor interest in innovation within their sectors, highlighting opportunities for growth in diverse market segments [4]

Core Viewpoint - Pineapple Financial Inc. has appointed Anthony Georgiades to its Board of Directors and the newly formed Special Advisory Committee to oversee its digital asset treasury strategy focused on accumulating Injective ($INJ) tokens [1][2]. Group 1: Appointment and Role - Anthony Georgiades, General Partner at Innovating Capital, will guide governance, risk management, and strategic execution of Pineapple's digital asset treasury [2][3]. - His experience in digital assets, institutional investing, and technology infrastructure is seen as a valuable addition to the Board and Special Advisory Committee [3]. Group 2: Company Strategy - Pineapple aims to modernize financial services through AI, data, and blockchain technology, integrating on-chain infrastructure into its operating and capital framework [2][3]. - The company is combining a modern mortgage technology platform with an Injective-based digital asset treasury to bring real-world mortgage data on-chain [3]. Group 3: Company Background - Pineapple Financial Inc. is a leading Canadian fintech and mortgage brokerage network, focusing on the success of agents and brokers as well as enhancing the homeowner experience [4]. - The company develops cloud-based tools and AI-driven systems to assist brokers in helping Canadians achieve homeownership [4].

Core Insights - Pineapple Financial Inc. will host a virtual fireside chat on January 8, 2026, at 11:00 A.M. ET to discuss its strategic growth trajectory and recent developments in tokenization and blockchain integration [1][2][3] Group 1: Company Overview - Pineapple Financial Inc. is a leading fintech platform and Canadian mortgage brokerage network, focusing on the success of agents and brokers as well as enhancing the homeowner experience [4] - The company utilizes cloud-based tools and AI-driven systems to assist brokers in helping Canadians achieve homeownership [4] Group 2: Upcoming Event Details - The virtual fireside chat will include a Q&A session, and a recording will be available on the company's Investor Relations website afterward [3] - Participants are encouraged to submit questions in advance to ensure they are addressed during the discussion [3] Group 3: Strategic Focus - The chat will feature CEO Shubha Dasgupta and members of the Injective Foundation, highlighting Pineapple's collaboration to optimize its digital asset treasury [2] - The discussion will cover recent milestones in tokenization and the integration of blockchain infrastructure [2]