Kadestone Capital Corp. Reports Q2 2026 Financial Results and Announces Letter of Agreement

(TSXV: KDSX) Kadestone Capital Corp. announced its financial results for the six months ended June 30, 2026, reporting a net loss of $3,096,690, or $0.07 per share. The increased loss was primarily driven by operating expenses including salaries and wages of $1,102,186, interest expense of $616,596, and loss from associates totaling $385,325, offset by a decrease in consulting fees which totaled $551,686. Net cash used in operating activities decreased to $1,971,861 for the six months ended June 30, 2026, compared to $2,733,134 in the prior year. On August 6, 2026, the Company, together with Attollo Management Inc. and Isthmus Projects Inc., entered into a Letter of Agreement with a British Columbia First Nation and related entities regarding the proposed real estate development of a future master-planned community. Under the LOA, the Company has agreed to advance funds for certain predevelopment, land carrying and project costs during the planning period, with these advances refundable if definitive partnership agreements are not executed. Kadestone operates five complementary business lines spanning building materials procurement and supply, property development and construction, construction finance, asset ownership and property management.

Kadestone Capital Corp. Closes $3,300,000 Convertible Note Private Placement

(TSXV:KDSX) Kadestone Capital Corp. has closed a non-brokered private placement of secured convertible notes and common share purchase warrants, issuing one Convertible Note in the aggregate principal amount of $3,300,000 and 8,250,000 Warrants. The Convertible Note will mature 36 months after issuance and bears interest at a rate of 10% per annum, compounded monthly and payable on redemption or conversion. Each Warrant entitles the holder to purchase one Common Share at a price of $0.50 per Common Share for a period of 36 months from issuance. The Convertible Notes are convertible at a price of $0.40 per Common Share, subject to a 9.9% ownership cap without TSXV approval. The proceeds will be used to pay down debt and for general corporate purposes. The securities issued are subject to a four-month and one day statutory hold period, expiring October 12, 2026. The Private Placement remains subject to the final approval of the TSXV.

Kadestone Capital Corp. Reports Q1 2026 Financial Results

Kadestone Capital Corp. (TSXV: KDSX), a vertically integrated property company based in British Columbia, Canada, announced its financial results for the three months ended March 31, 2026. The company reported a net loss of $1,448,588, or $0.03 per share, compared to a net loss of $1,152,507, or $0.02 per share, for the same period in the prior year. Operating expenses included salaries and wages of $502,582, consulting fees of $318,750, interest expense of $267,691, and loss from associates totaling $142,385. Net cash used in operating activities decreased to $840,812 from $1,700,161 in the prior year. The financial information is unaudited, expressed in Canadian dollars, and prepared in accordance with IFRS Accounting Standards. Kadestone operates five business lines in property and building materials, aiming to become a market leading vertically integrated property company. The company cautions that forward-looking statements are subject to risks and uncertainties, including the need for significant additional capital and the ability to secure sufficient financing.

Kadestone Capital Corp. Reports Q4 and Full Year 2025 Financial Results

Kadestone Capital Corp. (TSXV: KDSX) announced its financial results for the year ended December 31, 2025, reporting a net loss of $6,186,532, or $0.13 per share, compared to a restated net loss of $5,356,082, or $0.11 per share, for the prior year. The increased loss was mainly due to higher operating expenses, including salaries, consulting fees, interest, and professional fees. The company closed a non-brokered private placement, issuing six secured convertible notes totaling $1.98 million and 3,960,000 common share purchase warrants. Restatements were made to prior period financials due to errors in capitalization of certain costs. All figures are expressed in Canadian dollars and prepared in accordance with IFRS Accounting Standards.