Expecting 20% YOY Net Revenue Growth in early 2025, on Track for Ongoing Profitability by April 2025Toronto, Canada--(Newsfile Corp. - December 23, 2024) - Pineapple Financial Inc. (NYSE: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 volume growth, 13.9% YOY gross billing growth, and 20.8% YOY ne

New alliance positions Pineapple for continued growth in mortgage origination with the launch of BMO BrokerEdge(TM) channel.Toronto, Ontario--(Newsfile Corp. - November 25, 2024) - Pineapple Financial (NYSE: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 financing solutions.This pa

Toronto, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Pineapple Financial, Inc. (NYSE:PAPL) (the "Company"), Canada's tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across the country, today announced the closing of its registered direct offering (the "Offering") with aggregate gross proceeds to the Company of approximately $1,000,000, prior to deducting fees and other expenses payable by the Company. The Offering consisted of 1,666,667 common shares and pre-funded warrants. Each common share (or pre-funded warrant in lieu thereof) was sold at a purchase price of $0.60 per share (or $0.5999 per pre-funded warrant after reducing $0.0001 attributable to the

Toronto, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Pineapple Financial, Inc. (NYSE:PAPL) (the "Company"), Canada's tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across the country, today announced that it entered into a securities purchase agreement with a certain institutional investor to purchase approximately $1.0 million worth of its common shares (or common share equivalents in lieu thereof)  in a registered direct offering at a purchase price of $0.60 per share. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.0 million, before deducting the placement agent's fees and other estimated of

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: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 mortgage renewal market, driving a 20% increase in annual renewals and achiev

Toronto, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Pineapple Financial, Inc. (NYSE:PAPL) (the "Company"), Canada's tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across the country, today announced that it entered into a securities purchase agreement with a certain institutional investor to purchase approximately $1.0 million worth of its common shares (or common share equivalents in lieu thereof)  in a registered direct offering. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.0 million, before deducting the placement agent's fees and other estimated offering expenses. The offering is expec

Toronto, Ontario--(Newsfile Corp. - November 12, 2024) - Pineapple Financial Inc. (NYSE: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 2023 fiscal year, Pineapple's affiliate broker network accounted for 36.8% of the company's total funded volume, generating the same percentage of ove

Toronto, Ontario--(Newsfile Corp. - November 5, 2024) - Pineapple Financial (NYSE: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 real estate and mortgage industry, Pineapple XChange provides an invaluable opportunity for professionals to reinforce refer

Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - Pineapple Financial Inc. (NYSE: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 a remarkable 166% growth over the past three fiscal years, securing a spot amongst 416 companies. This achievement highlights the compa

Toronto, Ontario--(Newsfile Corp. - September 24, 2024) - Pineapple Financial (NYSE: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 to capture market share and drive growth in the coming quarters.New Mortgage Rule Changes: A Catalyst for Market GrowthT

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