TENET FINTECH GROUP INC - PKKFF STOCK NEWS

Tenet Fintech Group Inc. has appointed Evrard D. Nkwemi as the Financial Institution Relationship Manager and Credit Analyst for its Cubeler subsidiary. With 18 years of experience in banking, Nkwemi has a strong background in credit risk and financing solutions, having worked with major banks like Bank of Nova Scotia and National Bank of Canada. This strategic hire aims to enhance the launch of financing transactions in North America within the Business Hub™, leveraging his expertise to build relationships with financial institutions.

Tenet Fintech Group Inc. (CSE: PKK, OTC PINK: PKKFF) announced a comprehensive rebranding, including a new name and logo, as part of its strategy for global expansion and business development. Effective November 1, 2021, this rebranding reflects the company's growth and evolving corporate vision. CEO Johnson Joseph emphasized that the modernized identity aligns better with their mission. A new website is set to launch in Q1 2022, aimed at enhancing their presence in new markets.

Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) announced the appointment of Raji Wahidy as Vice President of Operations for its Cubeler division. Mr. Wahidy brings over 17 years of experience from companies like Vodafone and Ericsson, showcasing expertise in operational leadership, strategic planning, and global expansion. He previously served as CEO of Virtual Rehab, leading it to become one of Canada's high-growth life sciences firms. This strategic hire aims to enhance Tenet's operational capabilities and bolster its global expansion efforts, particularly in the Chinese market.

Tenet Fintech Group Inc. has appointed Mark Paterson as its new General Counsel as of January 21, 2022. Paterson brings over 20 years of legal expertise, particularly in M&A, investment, and commercial matters, enhancing Tenet's legal strategy. His previous role included Director of Legal Affairs at Future Electronics. Mark expressed enthusiasm for Tenet's vision and aims to contribute to its continued growth. Tenet focuses on providing AI and fintech solutions through its Business Hub™.

Tenet Fintech Group Inc. (CSE: PKK, OTC PINK: PKKFF) has appointed Natalie Morrissette as Vice President of Marketing and Communications for its Tenoris3 division. With over 20 years of experience, she aims to enhance the Business Hub™ for small to medium-sized enterprises. Morrissette's background includes successful consultancy roles and senior positions at major brands. This leadership change indicates Tenet's strategy for global expansion and improved market positioning, aligning with their goals for revenue growth and enhanced services.

Tenet Fintech Group Inc. (CSE: PKK) (OTC: PKKFF) announced a revenue-sharing partnership with PetroChina to sell coffee at PetroChina gas station convenience stores. This initiative aims to capitalize on the growing coffee market in China, projected to reach USD $40 billion by 2025. The company will collaborate with Mellower Coffee Ltd. to install automated coffee machines, which will enhance product accessibility for consumers. Initial installations will occur in 20 stores in Guangxi by year-end 2021, with plans for expansion into additional locations in 2022.

Peak Fintech Group Inc. (CSE: PKK) has responded to allegations made by Grizzly Research, claiming misappropriation of funds and defamatory statements regarding its executives. The Company categorizes these allegations as false and believes they are designed to manipulate its stock price. Peak Fintech intends to pursue legal action against Grizzly Research for the harm caused to both the Company and its shareholders. Additionally, the Company highlights the need for cautious evaluation of such reports, emphasizing that they reflect the opinions of Grizzly Research rather than factual statements.

Peak Fintech Group announced the acquisition of analytics and AI company Cubeler for $1 million in cash and 11.1 million shares. This acquisition grants Peak worldwide commercial rights to the Cubeler Business Hub, which will expand operations to Canada later this year. The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, exempting it from certain valuation and approval requirements. CEO Johnson Joseph expressed enthusiasm for launching operations in Canada and acknowledged the support from Canadian financial partners and SMEs.

On September 28, 2021, Peak Fintech Group Inc. (CSE: PKK, NASDAQ: TNT) announced its voluntary withdrawal of Form 40-F filed with the SEC. This decision was made to comply with the SEC's recent guidance for companies operating in China. Consequently, without an effective Form 40-F, Peak's common shares will be delisted from NASDAQ on September 30, 2021. The company is cooperating with the SEC and plans to submit an amended Form 40-F to ensure compliance and restore its NASDAQ listing as soon as possible.