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 that serves tour providers, accommodation managers, and rental businesses in Canada and internationally. Established in 2008 and headquartered in Victoria, Canada, with an additional office in Vancouver, Checkfront offers a comprehensive solution that enables its customers to manage various aspects of their operations, including activities, tours, accommodations, events, and rentals. The platform supports over 45,000 customers across 120 countries by centralizing reservations, managing inventories, and processing payments. Designed on a SaaS model, Checkfront provides a fully managed solution featuring automated updates, backups, and high-level security, all supported by a robust and high-availability network.

SWITCH Materials Inc. is a Canadian company founded in 2007, specializing in advanced materials that enable innovative smart window solutions for automotive applications, particularly for OEMs and Tier 1 suppliers. The company focuses on developing proprietary organic molecules that can switch optical properties on command, allowing for functionalities such as automatic darkening of sunroofs in sunlight to reduce heat and glare. Their technology integrates seamlessly into various applications, including automotive glass, architectural glass, and eyewear. SWITCH Materials also conducts extensive research and development in its laboratories and at Simon Fraser University’s 4D LABS, leveraging the expertise of materials scientists skilled in synthetic chemistry, polymer processing, and optics. The company aims to contribute to lower emissions and enhanced customer experiences in electric vehicle markets, as well as in custom solar management applications.

Boreal Genomics Inc. is a biotechnology company that specializes in the development and marketing of technologies for the 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 focuses on improving cancer patient care through innovative diagnostic tools and research applications. Its OnTarget platform enables highly sensitive detection and quantification of tumor mutations in plasma, facilitating accurate tumor profiling and real-time monitoring of tumor evolution. Boreal Genomics also offers the Aurora tool, which purifies and concentrates nucleic acids from various sample types, enhancing the accuracy of sequencing in liquid biopsy applications. These technologies aim to guide therapy selection, improve the efficiency of clinical trials, and accelerate drug development processes.

D-Wave Systems Inc. is a pioneering company in the field of quantum computing, recognized as the world’s first commercial supplier of quantum computers. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave specializes in the development, fabrication, and integration of superconducting quantum computers. The company offers a range of products, including the D-Wave Two System, a commercial quantum computer, and D-Wave Hybrid, an open-source platform for creating hybrid quantum-classical applications. Leap, its cloud-based service, provides real-time access to quantum computing resources along with development tools and educational content. D-Wave’s quantum computers are applied across various sectors, addressing challenges in mission planning, logistics, machine learning, and optimization problems, among others. The company serves diverse industries, including defense, finance, energy, and academia, and also offers professional services, training, and customer support to enhance user experience and application development.

General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Radiant Communications Corp. is a provider of broadband solutions targeting the business market, primarily in Canada and the United States. The company specializes in Internet Protocol (IP) based services, offering high-speed Internet access, managed virtual private networks, hosted exchange services, web hosting, and content management solutions. Radiant serves a diverse clientele that includes retailers, financial services organizations, and service-oriented businesses. With a focus on customized IT infrastructure solutions, it also provides enterprise cloud hosting, virtual data centers, and network monitoring services to ensure secure connectivity for multi-site companies. Headquartered in Vancouver, Canada, Radiant Communications has established a significant presence, serving approximately 17,000 business connections across major Canadian cities such as Toronto, Montreal, Calgary, Edmonton, and Vancouver.

D-Wave Systems Inc. is a pioneering company in the field of quantum computing, recognized as the world’s first commercial supplier of quantum computers. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave specializes in the development, fabrication, and integration of superconducting quantum computers. The company offers a range of products, including the D-Wave Two System, a commercial quantum computer, and D-Wave Hybrid, an open-source platform for creating hybrid quantum-classical applications. Leap, its cloud-based service, provides real-time access to quantum computing resources along with development tools and educational content. D-Wave’s quantum computers are applied across various sectors, addressing challenges in mission planning, logistics, machine learning, and optimization problems, among others. The company serves diverse industries, including defense, finance, energy, and academia, and also offers professional services, training, and customer support to enhance user experience and application development.