Dear Partners,

We hope you have all had a relaxing holiday season and that the new year is off to a great start. As we flip the calendar to 2021, I’m sure everyone’s wishes for the year are similar: Good health and the start of a post-COVID world.

We want nothing but the same here at Cannect. While we are proud of how the MIC weathered the COVID storm and provided steady returns during times of market volatility and economic uncertainty, we see 2021 as a year of growth and opportunity. Take a look at our article in the Financial Post.

The article describes Cannect competitive advantages, but no one knows better about how we bring value to borrowers and investors than you. When we started Cannect, we started with the premise that if we could just avoid making bad loans when things were good, we wouldn’t have to stop making good loans when things were bad. Now, just as then, our lending strategy simply comes down to two simple goals: lending to borrowers who have a credible and probable exit strategy, thereby minimizing the likelihood of default, and lending a conservative amount relative to the borrower’s home equity so as to protect our investors’ capital in the event that a default does occur. This is the strategy that Cannect adopted at inception, and we believe that it will be the strategy that will yield strong risk-adjusted returns for years to come.

Cannect has built a very strong team, and we have made a significant investment in a technology stack that we believe is a source of real competitive advantage. Our market continues to grow, and more investors are seeing the opportunity that Cannect offers for them to earn attractive yields while avoiding the volatility attendant in other investments. As a result, the quantity and quality of home equity loan opportunities we see every day is growing. We remind ourselves as we face attractive opportunities to grow our business that we are in the business of generating investment returns and not the business of simply gathering assets. We believe Cannect’s assets will soon reach $50 million. At this point, we will close subscriptions for new Preferred Shares until such time as we are comfortable that taking on new capital will not dilute the returns we are currently earning. We could not have gotten to this point without each and every one of you. It is because of your trust that we powered through 2020 and have a high level of optimism for the future.

Thank you very much for your confidence and capital.

Marcus Tzaferis and the Cannect Team

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Questions? Contact Nick Holland at 416.766.2666

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Note to investors:

Prospective investors should read the Offering Memorandum which details the risk factors and investment objectives before investing. Mortgage investments are not guaranteed, past performances may not be repeated, and investors may experience a gain or loss. Monthly distributions are not guaranteed and may be adjusted from time to time.

Cannect has retained Meadowbank Asset Management Inc. as agent to verify investor suitability and compliance with eligibility guidelines under the applicable securities laws. Meadowbank is registered as an Exempt Market Dealer in the Provinces of Alberta, Ontario and Quebec.

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