Pineapple Financial Inc. Responds to NYSE Commencement of Proceedings to Delist
Toronto, Ontario--(Newsfile Corp. - May 19, 2025) - Pineapple Financial (OTC Pink: PAPLF) announced today that it is working on certain curative actions to regain compliance to maintain its listing and appeal the NYSE's determination to delist its common shares to the Listings Qualifications Panel of the Exchange. The Company's common shares will be suspended from trading on the NYSE American during this time. The NYSE Regulation commenced delisting proceedings in connection with its determination and announced on May...
2025-05-19 4:00 PM EDT
Pineapple Financial Inc. Announces Proposed Share Consolidation to Strengthen Capital Structure and Support Long-Term Growth
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Pineapple Financial Inc. (NYSE: PAPL) ("Pineapple" or the "Company"), a tech-enabled mortgage brokerage and fintech platform, today announced that its Board of Directors has approved the submission of a special resolution to shareholders to authorize a consolidation (the "Consolidation") of the Company's issued and outstanding common shares on the basis of between 10 and 20 pre-Consolidation shares for each one post-Consolidation share.The proposed Consolidation will be presented to shareholders for approval at...
2025-05-13 6:09 PM EDT
Pineapple Financial Issues Statement on False Claims Regarding Reverse Split
Toronto, Ontario--(Newsfile Corp. - May 12, 2025) - Pineapple Financial (NYSE American: PAPL) categorically denies the misleading and false information presented in a tweet by Flash Alert, a Financial news source, regarding the company's stock structure. The claims about a 1-for-90 reverse split and the reduction of shares outstanding from 1M to 90M are entirely inaccurate. Pineapple Financial has not authorized any such reverse stock split nor the issuance of 450,000,000 free shares as stated in the tweet.We are actively...
2025-05-12 11:05 AM EDT
Pineapple Financial Inc. (PAPL) Announces Closing of $1.5 Million Public Offering
Toronto, Ontario--(Newsfile Corp. - May 5, 2025) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or the "Company"), a leading Canadian mortgage technology and brokerage firm, today announced the closing of its public offering (the "Offering") with aggregate gross proceeds to the Company of $1,500,000, prior to deducting fees and other expenses payable by the Company. The Offering consisted of 10,000,000 units, each unit consisting of one common share of the Company and one warrant to purchase one common share...
2025-05-05 4:31 PM EDT
Pineapple Financial Inc. (PAPL) Announces Pricing of $1.5 Million Public Offering
Toronto, Ontario--(Newsfile Corp. - May 2, 2025) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or the "Company"), a leading Canadian mortgage technology and brokerage firm, today announced the pricing of a public offering of 10,000,000 units, each unit consisting of either one share of the Company's common stock and one warrant to purchase one share of the Company's common stock at a public offering price of $0.15 per unit. The offering is expected to close on or about...
2025-05-02 9:00 AM EDT
Pineapple Financial Inc. Partners with CPP to Expand Pineapple Insurance Offering Building on Success and Unlocking a Multi-Billion Dollar Opportunity in Life, Creditor, and Disability Insurance for Mortgage Clients
Toronto, Ontario--(Newsfile Corp. - May 2, 2025) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian fintech platform, is thrilled to announce a new strategic partnership with CPP (Canadian Protection Plan) to further enhance its Pineapple Insurance division. This collaboration is designed to broaden the suite of life, creditor, and disability insurance offerings available to clients, continuing to position Pineapple as a key player in the growing Canadian insurance market.Following the successful launch of Pineapple Insurance earlier this year,...
2025-05-02 8:00 AM EDT
Pineapple Financial Launches Pineapple+, Slashes $1M in Costs, Strengthens Profitability and Growth Strategy
Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or the "Company"), a leading Canadian mortgage technology and brokerage firm, today announced what it believes is a transformational milestone, official launch of Pineapple+, its fully proprietary, end-to-end broker platform that is expected to eliminate nearly $1 million in annual third-party technology, development and licensing costs while advancing the Company's strategy to streamline operations, accelerate revenue growth, and achieve sustained profitability.We believe that, Pineapple+...
2025-05-01 7:30 AM EDT
Pineapple Financial Inc. Reports 15.2% Increase in Gross Billing and 3.60% Reduction in SG&A, with Continued Cost Cutting and Scalable Revenue Growth for the Six Months Ended February 28, 2025
Toronto, Ontario--(Newsfile Corp. - April 15, 2025) - Pineapple Financial Inc. (NYSE American: PAPL), a leading provider of tech-enabled mortgage brokerage solutions, today announced its unaudited financial results for the three and six months ended February 28, 2025. The company continues to demonstrate strong progress, with notable improvements in gross billings, significant operational efficiencies, and a clear path toward achieving profitability.Six-Month Period ended February 28, 2025 Financial Highlights (Compared to Prior-Year Period):Revenue increased 11.8% to $1,512,236, up from $1,352,858 for...
2025-04-15 9:00 AM EDT
Pineapple Financial Inc. Reports 34.6% Revenue Growth and 26.8% Reduction in Net Loss for First Quarter of Fiscal 2025
Toronto, Ontario--(Newsfile Corp. - January 21, 2025) - Pineapple Financial Inc. (NYSE American: PAPL), a leading provider of innovative financial solutions in the mortgage industry, today announced its financial results for the first quarter ended November 30, 2024. The company continues to make significant progress in its journey toward sustained growth and profitability, driven by operational efficiency improvements from past investments and a strong increase in customer demand.Key Financial Highlights:Revenue Growth: Pineapple Financial reported a 34.6% increase in revenue, totaling...
2025-01-21 8:00 AM EST
Pineapple Financial Inc. Reports 7.5% Revenue Growth in 2024, and Accelerates Growth to Start 2025
Toronto, Canada--(Newsfile Corp. - December 23, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian mortgage and insurance fintech, today reported its audited financial results for the fiscal year ended August 31, 2024. The company achieved a 7.5% increase in net revenue year-over-year, driven by growth in its subscription services and strong mortgage sales. Early reporting indicated Pineapple is expecting to experience a strong start to fiscal year 2025, with significant growth across key metrics, including 13.3% YOY...
2024-12-23 8:00 AM EST
Pineapple Announces Strategic Partnership with BMO to Expand Homeownership Accessibility in Canada
Toronto, Ontario--(Newsfile Corp. - November 25, 2024) - Pineapple Financial (NYSE American: PAPL) is excited to announce its strategic partnership with Bank of Montreal (TSX: BMO), one of Canada's top financial institutions, marking a transformative step for Pineapple as BMO re-enters the mortgage broker channel through its new BMO BrokerEdge™ initiative. This collaboration positions Pineapple to further extend its influence and revenue potential in the mortgage space while providing greater access for Canadian homebuyers to BMO's leading suite of home...
2024-11-25 8:00 AM EST
Pineapple Financial Unveils Renewals+ Platform, Improves Customer Retention, Adds New Revenue Streams
With Renewals+, PAPL achieves 30% higher repeat business than industry standardsLeveraging advanced data analytics & personalized customer engagement, Renewals+ is expected to drive substantial revenue growth and shareholder valueToronto, Ontario--(Newsfile Corp. - November 13, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) proudly introduces Renewals+, an innovative addition to its PineappleONE platform, purpose-built to optimize mortgage renewals and elevate customer loyalty. By integrating cutting-edge data analytics and personalization tools, Renewals+ has positioned Pineapple as a leader in Canada's $300 billion...
2024-11-13 8:30 AM EST
Pineapple Financial Expands Network with Addition of Two New Affiliate Brokerages and Reports Record Growth in Agent Network
Toronto, Ontario--(Newsfile Corp. - November 12, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) ("the Company" or "Pineapple"), an award winning mortgage and insurance fin-tech with a national footprint, is excited to announce the addition of two new affiliate brokerages, Luxe Lending Corp. and Mortgage Magic, expanding its reach and capabilities across Canada. This expansion strengthens Pineapple's position as a leader in the Canadian mortgage industry and aligns with its strategy to offer technology-enabled solutions to a wider audience.In the...
2024-11-12 8:30 AM EST
Pineapple XChange 2024: A Premier Event for the Real Estate and Mortgage Community to Elevate Industry Connections and Insights
Toronto, Ontario--(Newsfile Corp. - November 5, 2024) - Pineapple Financial (NYSE American: PAPL) is excited to announce Pineapple XChange 2024, a unique education and networking event designed to bring realtors and mortgage brokers together in a collaborative space for business growth and relationship building. Taking place on November 6, 2024, at Paramount Eventspace in Woodbridge, Ontario, this premier gathering will offer exclusive insights, high-impact panels, and one-on-one connections with Pineapple leadership and Canada's leading lenders.As excitement builds for the 2025...
2024-11-05 8:00 AM EST
Pineapple Financial Ranks Among Canada's Fastest-Growing Companies for Second Year, Boasting 166% Growth
Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a tech-driven mortgage brokerage with an extensive network of partner brokerages and agents across Canada, proudly announced its inclusion in the Report on Business (Globe and Mail) Ranking of Canada's Top Growing Companies for the second consecutive year.The Globe and Mail list ranks Canadian companies based on three-year revenue growth, evaluating businesses across various sectors, including finance, technology, and retail. Pineapple Financial earned its place with...
2024-10-01 8:00 AM EDT
Pineapple Financial Positioned for Strategic Growth as Canadian Mortgage Rule Changes Ignite Market Opportunity
Toronto, Ontario--(Newsfile Corp. - September 24, 2024) - Pineapple Financial (NYSE American: PAPL) - With the recent reforms to Canada's mortgage rules, the real estate market is poised for a resurgence in activity, offering significant growth opportunities for Pineapple Financial. The government's initiatives to increase accessibility for first-time buyers and support move-up buyers, alongside the rise of insured mortgage limits, signal an environment ripe for expansion. These reforms align with Pineapple's strategic focus on providing innovative mortgage solutions, positioning us...
2024-09-24 7:45 AM EDT
Pineapple Financial Inc. Launches Pineapple Insurance
Toronto, Ontario--(Newsfile Corp. - September 19, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian fintech platform, is thrilled to announce the official launch of Pineapple Insurance, a transformative new business vertical that is designed to unlock significant growth potential for the company. This development not only allows Pineapple to tap into Canada's multi-billion dollar insurance market but also offers clients a more personalized, comprehensive financial solution that integrates seamlessly with their mortgage needs. Pineapple Insurance is expected...
2024-09-19 8:00 AM EDT
Pineapple Financial Anticipates Growth Surge Amid Bank of Canada's Consecutive Rate Cuts and Rising Housing Completions
Toronto, Ontario--(Newsfile Corp. - September 5, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading digital mortgage firm with an integrated network of partner brokerages and agents across Canada is strategically positioned to capture significant market share and drive revenue growth following the Bank of Canada's recent 25-basis-point rate cut, bringing the benchmark interest rate to 4.25%. As Canada enters a period of potential housing market upswing, Pineapple's scalable data-driven technology platform and market expertise are set to capitalize...
2024-09-05 8:00 AM EDT
The Impact of Future Interest Rate Cuts on the Canadian Mortgage Market and Pineapple's Growth Potential
Toronto, Ontario--(Newsfile Corp. - August 28, 2024) - As inflationary pressures ease and economic conditions stabilize, the Bank of Canada (BoC) is widely expected to implement a series of interest rate cuts, potentially bringing the overnight rate down to 2.75% by mid-2025. These anticipated cuts represent not just a correction of the monetary policy but a pivotal opportunity for the Canadian mortgage market to regain momentum. For Pineapple (NYSE American: PAPL), this macroeconomic shift presents a significant growth opportunity, positioning...
2024-08-28 7:50 AM EDT
PineappleONE Adoption Boosts Broker Efficiency, Leading to a 22.72% Increase in Loan Origination to $377 Million
Toronto, Ontario--(Newsfile Corp. - August 21, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian fintech company, today announced early-stage success showcasing the transformative impact of its PineappleONE platform. Designed to streamline mortgage processing, PineappleONE has significantly increased broker efficiency, resulting in a substantial rise in loan volumes and revenue for the company.Key Findings:Pineapple Financial's internal analysis revealed that brokers utilizing PineappleONE experienced a 32% reduction in deal processing time due to the platform's advanced automation features. This...
2024-08-21 7:49 AM EDT