PenderFund Capital Management

Conifex Timber Inc is a Canadian forestry company engaged in timber harvesting, reforestation, forest management, and sawmilling, which produces lumber and wood chips. The company also focuses on value-added lumber finishing and distribution. Conifex's products are marketed primarily in the United States, Canada, China, and Japan. In addition to its lumber operations, the company has expanded into bioenergy, operating a power generation facility in Mackenzie, British Columbia. This facility not only generates electrical power but also explores further opportunities in bioenergy and bioproducts that complement its core harvesting and manufacturing activities.

Checkfront, Inc. is a cloud-based booking management and e-commerce platform designed for tour providers, accommodation managers, and rental businesses globally. Founded in 2008 and headquartered in Victoria, Canada, with an additional office in Vancouver, Checkfront serves over 45,000 customers across 120 countries. The platform enables users to efficiently manage various aspects of their operations, including activities, tours, accommodations, events, and rentals, while also facilitating reservations and customer tracking. Operating on a Software as a Service model, Checkfront offers a fully managed solution that includes automated updates, backups, and robust security, ensuring high-speed and reliable service for its clients.

Boreal Genomics Inc. is a biotechnology company that focuses on the development and commercialization of technologies for blood-based detection and monitoring of circulating tumor DNA. Founded in 2007 and headquartered in Los Altos, California, with an additional office in Vancouver, Canada, the company offers products like OnTarget, which allows for the sensitive detection and quantification of tumor mutations in plasma or tissue. Boreal's platform is designed to enable healthcare professionals to perform accurate genomic profiling and monitor tumor evolution from cell-free DNA in plasma, thereby improving cancer patient care. The OnTarget assay, available as a research-use service, reveals tumor mutations that may be undetectable by other methods, assisting in therapy selection, enhancing clinical trial efficiency, and expediting drug development. Additionally, Boreal provides DNA enrichment and library construction solutions tailored for high accuracy sequencing in liquid biopsy applications.

General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.

Radiant Communications Corp. specializes in providing broadband and managed network solutions primarily to businesses in Canada and the United States. The company offers a range of Internet protocol (IP)-based services, including high-speed Internet access, managed virtual private networks, IP-based payment processing gateways, hosted exchanges, web hosting, and content management solutions. Radiant serves a diverse clientele, including retailers, financial services organizations, and service-oriented businesses. With a strong presence in major cities such as Toronto, Montreal, Calgary, Edmonton, and Vancouver, the company supports approximately 17,000 business connections. Additionally, Radiant provides enterprise cloud hosting services, virtual data centers, and network monitoring, facilitating secure connectivity for companies with multiple locations. Based in Vancouver, Canada, Radiant Communications is committed to customizing IT infrastructure solutions for its customers.