Peak Fintech Responds to Short Seller Report

Rhea-AI Summary

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.

Positive

• Peak Fintech plans to pursue legal action against Grizzly Research, which may deter future baseless claims.
• The Company emphasizes the resilience of its operations in the face of unfounded allegations.

Negative

• The report from Grizzly Research could negatively impact investor confidence and influence stock performance.
• The Company’s reputation may suffer due to the serious nature of the allegations, even if they are proven false.

MONTREAL, Oct. 4, 2021 /PRNewswire/ - Peak Fintech Group Inc. (CSE: PKK) ("Peak" or the "Company"), an innovative Fintech service provider and manager of the Cubeler Business Hub, today addressed a baseless and irresponsible report produced by Grizzly Research (https://grizzlyreports.com/Research/PKK.pdf) in which Grizzly Research alleges that the Company has misappropriated millions in funds. The report goes on to make several defamatory claims about the Company and some of its executives, which are nothing more than lies and fabrications. The Company suspects that Grizzly Research is using the tactic to help drive the Company's stock price down in order to cover its short position.

Those reading the report should pay close attention to the following disclaimer provided by Grizzly Research:

"THIS REPORT AND ALL STATEMENTS CONTAINED HEREIN ARE THE OPINIONS OF GRIZZLY RESEARCH, AND ARE NOT STATEMENTS OF FACT."

Although Grizzly Research may attempt to use this disclaimer to try to protect itself against potential lawsuits, the Company will explore all legal avenues at its disposal to make sure Grizzly Research is held accountable for the harm that it has caused the Company and its shareholders.

About Peak Fintech Group Inc.:
Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating primarily in the commercial lending industry. Peak's subsidiaries bring together lending financial institutions and businesses to create the Cubeler Business Hub, an ecosystem where analytics and artificial intelligence are used to facilitate transactions among members of the ecosystem. For more information: http://www.peakfintechgroup.com

For more information, please contact:
CHF Capital Markets	MZ Group – MZ North America	Peak Fintech Group
Cathy Hume, CEO	Mark Schwalenberg, CFA	Barry Ellison, Director of Marketing and Communications
416-868-1079 ext.: 251	1-312-261-6430	514-340-7775 ext.: 521
cathy@chfir.com	PEAK@mzgroup.us	bellison@peakfintechgroup.com

Follow Peak Fintech Group Inc. on social media:

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

Forward-Looking Statements / Information:
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

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SOURCE Peak Fintech Group Inc.

FAQ

What allegations were made against Peak Fintech Group Inc. by Grizzly Research?

Grizzly Research alleged that Peak Fintech misappropriated millions in funds and made defamatory claims about its executives.

How is Peak Fintech Group responding to the allegations from Grizzly Research?

Peak Fintech asserts that the allegations are baseless and plans to explore all legal avenues against Grizzly Research.

What is Peak Fintech Group's stock symbol?

The stock symbol for Peak Fintech Group is PKKFF.

When was the press release issued regarding the Grizzly Research report?

The press release was issued on October 4, 2021.

What does Peak Fintech Group do?

Peak Fintech Group operates in the financial technology sector, managing the Cubeler Business Hub to facilitate commercial lending.