Solution Financial Inc.

Recent News

  • Solution Financial Reports Q3 2022 Financial Results

    Calgary, Alberta--(Newsfile Corp. - September 13, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company"), a leading provider of luxury automotive and yacht leasing in Canada, today announced its financial results for the third quarter ending July 31, 2022. Earnings Highlights for the Quarter:Margins were up to 36% compared to 26% for the prior year quarter as revenues were primarily from high margin leasing compared to lower margin vehicle sales.Net income was $376,928 compared to $406,455 during the...

    2022-09-13 8:01 PM EDT
  • Solution Financial Announces $15 Million Loan Facility with ATB Financial

    Calgary, Alberta--(Newsfile Corp. - September 9, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") a leading provider of luxury automotive and yacht leasing in Canada, today announced the close of a $15 million Credit Facility with ATB Financial ("ATB"). This facility is replacing the existing $12.5 million facility.HIGHLIGHTSAdds an additional $2.5 million of available creditIs more optimally structured to support future growth financing arrangementsMaintains the Company's non-dilutive and low interest capital necessary to continue to grow the...

    2022-09-09 2:12 PM EDT
  • Solution Financial Initiates Quarterly Dividend

    Vancouver, British Columbia--(Newsfile Corp. - August 5, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company" or "Solution") a leading provider of luxury automotive and yacht leasing in British Columbia, is pleased to announce that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on September 15, 2022 to common shareholders of record as of the close of business on August 31, 2022. This dividend is a...

    2022-08-05 6:33 PM EDT
  • Solution Financial Completes Convertible Debenture Financing

    Vancouver, British Columbia--(Newsfile Corp. - July 29, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") is pleased to announce that it has closed a non-brokered financing of unsecured convertible debentures (the "Debentures") with a principal amount of $3,175,400. The Debentures mature on the second anniversary of the date of issuance and bear interest at a rate of 5.00% per annum, calculated and paid semi-annually. The principal amount and any accrued and unpaid interest on the Debentures...

    2022-07-29 12:49 PM EDT
  • Solution Financial Reports Q2 2022 Financial Results

    Vancouver, British Columbia--(Newsfile Corp. - June 14, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") a leading provider of luxury automotive and yacht leasing in Canada, today announced its financial results for the second quarter ending April 30, 2022. Earnings Highlights for the Quarter:Revenues for the quarter increased moderately to $5,610,046 compared to $5,581,297 during the prior comparative quarter.Net income remained relatively consistent at $203,054 compared to $199,695 during the prior comparative quarter.Adjusted net income(1) increased to...

    2022-06-14 6:36 PM EDT
  • Solution Financial Initiates Quarterly Dividend

    Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") a leading provider of luxury automotive and yacht leasing in British Columbia, is pleased to announce that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on June 15, 2022 to common shareholders of record as of the close of business on May 31, 2022. This dividend is a "non-eligible...

    2022-05-09 1:09 PM EDT
  • Solution Financial Reports Q1 2022 Financial Results

    Vancouver, British Columbia--(Newsfile Corp. - March 16, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") a leading provider of luxury automotive and yacht leasing in Canada, today announced its financial results for the first quarter ending January 31, 2022. Earnings Highlights for the Quarter:Net income for the quarter increased to $226,724 from $94,133, an increase of 140% over the prior comparative quarter.Adjusted net income(1) increased to $308,751 from $267,451, an increase of 15% over the prior comparative...

    2022-03-16 6:00 PM EDT
  • Solution Financial Initiates Quarterly Dividend

    Vancouver, British Columbia--(Newsfile Corp. - February 10, 2022) - Solution Financial Inc. (TSX: SFI) (the "Company") a leading provider of luxury automotive and yacht leasing in British Columbia, is pleased to announce that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on March 15, 2022 to common shareholders of record as of the close of business on March 1, 2022. This dividend is a "non-eligible dividend" for...

    2022-02-10 1:22 PM EST