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Added to YB: 2026-06-05

Pitch date: 2026-06-03

PNP.TO [neutral]

Pinetree Capital Ltd.

-0.67%

current return

Author Info

Company Info

Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies.

Market Cap

CAD 85.7M

Pitch Price

CAD 9.01

Price Target

N/A

Dividend

N/A

EV/EBITDA

N/A

P/E

-4.33

EV/Sales

-4.75

Sector

Capital Markets

Category

N/A

Show full summary:
More on Pinetree: Q1 2026 portfolio changes

PNP.TO (update): Q1 2026 detective work on Pinetree's VMS bets. Bought ~48k Topicus at CAD85 (27% above 2022 buys), value CAD17,395 total. Sold Enghouse at -32% loss (-26% CAGR, largest absolute loss)—cautionary tale on late mistake recognition. New guesses: Accesso (UK), Atturra (AU), Sylogist. Author not adding yet.

Read full article (4 min)