Welcome to our dedicated page for Kadestone Cap news (Ticker: KDCCF), a resource for investors and traders seeking the latest updates and insights on Kadestone Cap stock.
Kadestone Capital Corp. (KDCCF, TSXV: KDSX) is a vertically integrated property company active in the Canadian real estate development and investment sector. Its news flow reflects its focus on residential and commercial income-producing properties, building materials procurement and supply, and related property activities in major urban centres and high-growth, emerging markets in Canada.
On this page, readers can follow Kadestone’s disclosed financial performance and corporate updates. The company regularly issues news releases detailing quarterly and annual financial results, including net income or loss, operating expenses such as salaries, consulting fees, professional fees and interest expense, and contributions from income from associates and investments in a mortgage fund. These announcements also describe cash used in operating activities and the accounting standards applied.
Kadestone’s news also covers governance and corporate developments. Examples include the results of annual general meetings, where shareholders vote on the election of directors, the appointment of auditors and the approval of stock option plans. The company has also reported senior management appointments related to its development activities, reflecting its emphasis on pursuing, obtaining and executing development projects.
Because Kadestone operates complementary business lines in development and construction, construction finance, asset ownership, property management and building materials procurement and supply, its updates provide insight into how these areas support its vertically integrated model. Investors and observers can use this news feed to review the company’s public disclosures, forward-looking statements and strategic positioning within the Canadian real estate development context.
Kadestone Capital Corp (TSXV: KDSX, OTCQB: KDCCF) has released its financial results for Q4 and full year 2024. The company reported a significant increase in net loss to $4.65 million ($0.10 per share), compared to $1.79 million ($0.04 per share) in 2023.
Key financial activities included amending a $10 million term loan to $10.97 million and settling a convertible note worth $5.74 million. Operating expenses increased substantially, with major costs including salaries ($1.63 million), consulting fees ($1.56 million), interest expense ($1.36 million), and professional fees ($0.56 million). The company partially offset these expenses with income from associates ($0.83 million) and mortgage fund investments ($0.33 million).
Net cash used in operations more than doubled to $5.01 million in 2024 from $2.38 million in 2023, indicating increased operational spending.
Kadestone Capital Corp (TSXV: KDSX, OTCQB: KDCCF) reported its Q3 2024 financial results, showing a net loss of $2,761,871 ($0.06 per share) for the nine months ended September 30, 2024, compared to a loss of $2,319,692 ($0.05 per share) in the same period last year. The loss was attributed to operational expenses, including consulting fees ($1,110,683), salaries ($551,012), professional fees ($478,574), share-based compensation ($243,810), and interest expense ($1,090,082). These were partially offset by income from associates ($938,728) and mortgage fund investments ($172,461). Net cash used in operations increased to $2,606,385 from $1,943,623 year-over-year.
Kadestone Capital Corp. (TSXV: KDSX) (OTCB: KDCCF) has reported its financial results for Q2 2024. The company recorded a net loss of $1,703,048 or $0.04 per share for the six months ended June 30, 2024, compared to a net loss of $1,646,416 or $0.04 per share for the same period last year. The loss was primarily attributed to operational expenses, including consulting fees of $661,183, professional fees of $377,039, and salaries of $368,809. These were partially offset by income from associates of $909,605. Net cash used in operating activities increased to $1,767,546 compared to $1,726,485 for the same period in 2023.
Kadestone Capital Corp. (TSXV: KDSX) (OTCQB: KDCCF), a vertically integrated property company, has appointed Kevin Hoffman as Chief Development Officer, effective November 1, 2024. Mr. Hoffman, currently CEO of Vanprop Investments, brings extensive experience from roles at Aquilini Development and Construction, Concord Pacific, and Bluestone Construction
In his new role, Hoffman will be responsible for pursuing, obtaining, and executing development projects for Kadestone. CEO Brent Billey expressed confidence in Hoffman's track record in building capabilities, forging strategic partnerships, and advancing projects. Hoffman, based in Vancouver, B.C., stated his excitement about joining Kadestone and helping the company achieve its strategic goals.
Kadestone Capital Corp. (TSXV: KDSX, OTCQB: KDCCF), a vertically integrated property company, has announced the results of its annual general meeting held on July 11, 2024, in Vancouver, BC.
At the meeting, shareholders elected Brent Billey, Anthony Holler, David Negrin, Norm Mayr, and Kent Sillars to the board of directors until the next annual meeting or until their successors are elected or appointed. Additionally, shareholders approved the re-appointment of KPMG LLP as auditors and the company's existing stock option plan.
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