Mr. Dvai Ghose reports

CANACCORD GENUITY GROUP INC. ANNOUNCES PROPOSED ACQUISITION OF JITNEYTRADE AND ITS RELATED TECHNOLOGY BUSINESS FINLOGIK

Canaccord Genuity Group Inc. has entered into an agreement to acquire Jitneytrade Inc. and Finlogik Inc. directly and through the purchase of Finlogik Capital Inc. This development serves to support Canaccord Genuity's mid-market growth strategy by enhancing its market share of equities trading and providing access to new areas of growth through accelerating its development of an enhanced fintech product offering.

Upon closing, the firm's clients will benefit from an expanded product offering, which will include futures, options and low-latency trading capabilities. This addition also brings deep technological expertise, leverages the firm's existing infrastructure, and can aid in the potential future development of discount brokerage and robo-advisory offerings to support the company's rapidly growing wealth management division.

"Jitneytrade and Finlogik offer a range of technological capabilities that create a compelling opportunity to accelerate revenue growth in our business and add key service offerings, as we continue to meet the evolving needs of our institutional and wealth management clients," said Dvai Ghose, head of strategic development for Canaccord Genuity Group. "We expect that the differentiated and highly scalable Jitneytrade platform for options and futures trading will benefit our existing clients through an enhanced product and service offering."

"On behalf of the partners of Jitneytrade and Finlogik, we are excited to partner with Canaccord Genuity to bring our product offerings to a broader and more diverse range of investors," said J.F. Sabourin, president and chief executive officer of Jitneytrade. "This development creates a unique opportunity for our business to leverage our trading capability and offer our clients better access to the global financial markets, while further expanding our fintech offering."

Founded in 2001, Jitneytrade is a direct access broker, the largest trader of futures and an active trader in equity options on the Montreal Exchange, with a diverse customer base, which includes discount brokerage clients, sophisticated trading groups and leading institutions in Canada and internationally. The business has been consistently ranked in the top tier by volume for MX futures and options and is one of the top-10 active trading brokers on the Toronto Stock Exchange. Jitneytrade will continue to be managed by Mr. Sabourin, as part of Canaccord Genuity's Canadian operations.

Finlogik has been delivering value-added fintech solutions in the Canadian market for over 15 years. This development will continue as part of the Canaccord Genuity platform. The company designs and manages cloud-based investment solutions, in addition to analytical dashboards that provide benchmarking, reporting and large-scale data processing tools to help investors assess portfolio risk, exposure and performance across a broad range of financial instruments. Finlogik will continue to be managed by Eric Cote as part of Canaccord Genuity in Canada.

Jitneytrade is a dealer registered with the Investment Industry Regulatory Organization of Canada (IIROC). The acquisition is subject to regulatory approvals and customary closing and preclosing conditions. It is expected that the integration process with the company's existing Canadian operations will commence immediately after closing and continue through to the end of the year. During this integration period and until the transition is complete, Jitneytrade will continue to operate as a separate broker dealer registered with IIROC offering its current products and services to its existing customers.

About Canaccord Genuity Group Inc.

Through its principal subsidiaries, Canaccord Genuity Group is a leading independent, full-service financial service firm, with operations in two principal segments of the securities industry: wealth management and capital markets. Since its establishment in 1950, the company has been driven by an unwavering commitment to building lasting client relationships. It achieves this by generating value for its individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The company has wealth management offices located in Canada, the United Kingdom, Guernsey, Jersey, the Isle of Man and Australia.

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