Starbucks breakfast sandwich supplier Premium Brands Holdings Corp. has bought a U.S. meat producer.TED S. WARREN/The Associated Press
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Premium Brands Holdings Corp. (PBH-T) says it has bought Washington state-based Fletcher's Fine Foods, which sells bacon and sausage in the Pacific Northwest, for $5-million (U.S.).
Premium Brands said the acquisition was made through its Hempler Foods Group LLC division.
Hempler's will be purchasing Fletcher's U.S.'s business and production equipment but not its plant in Algona, Wash., the company said.
"This transaction fits perfectly with our
strategy of investing in companies with strong regional brands then providing
their talented management teams with the resources needed to further strengthen
their business and help accelerate their growth," stated Premium Brands
CEO George
Paleologou in a release.
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MAG
Silver Corp. (MAG-T,
MAG-N) reported a net loss of $2.3-million (U.S.) or 3 cents per share in the second quarter, which was in line with analysts'
expectations.
The results compared to a loss of $2.1-million or 5 cents for the
same quarter a year earlier.
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Avigilon
Corp. (AVO-T)
reported second-quarter revenue of $85.7 -million (U.S.),
an increase of 17 per cent over $73-million in the year-earlier quarter, "reflecting greater customer adoption in existing markets, further
penetration of new target regions, sales of new products, and the pricing
adjustment," the company said.
Analysts were
expecting revenue of $83.7-million in the most recent
quarter.
Adjusted EBITDA was $8-million, compared
with $12.5-million a
year ago.
Its
net loss was $2 -million,
compared with net income of $1.8 -million last year.
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RMP Energy Inc.
(RMP-T) reported second quarter petroleum and natural gas revenue of $20.3 -million, down from $49.3-million in the second quarter of 2015.
Analysts were expecting revenue
of $15.6-million in the most recent quarter.
Second quarter funds from
operations amounted to $7.4-million or 5 cents per basic share, down from $31-million or 25 cents for the same quarter last year.
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D-Box Technologies Inc. (DBO-T) has signed an agreement with Link Digital Cinema China Technology (Beijing) Co., Ltd., one of the largest distributors of cinema equipment in China.
Under the terms of the agreement, Link DC has rights to distribute D-Box technology throughout the country, the company said.
"Their
track record and reputation opens up a world of exciting opportunities for us,"
said D-Box CEO Claude McMaster in a release.
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Osisko Gold Royalties Ltd (OR-T, OR-N) has granted Osisko Mining Inc. an option to earn 100 per cent of its interest on its portfolio of exploration properties held in Québec's James Bay and Labrador Trough areas.
Osisko Royalties said the move is part of streamlining its operations to focus on royalties and incubation investment.
Under terms of the agreement Osisko Mining has the right to acquire 100 per cent of its ownership of the portfolio in return for time-based exploration expenditures.
"Osisko Mining will benefit from the years of expertise brought to bear on these projects from the former Virginia Mines exploration team (acquired by Osisko Royalties in 2015), and will be able to continue significant exploration programs through the integration of this team into Osisko Mining as part of the transaction," the company said.
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Knight Therapeutics Inc. (GUD-T) has committed to invest $1-million in the Genesys Ventures III LP, a Canadian-based life sciences venture capital fund managed by Genesys Capital Management, Inc.
"The investment in Genesys Fund is the eighth life sciences equity fund investment Knight has made to date, having committed over $125-million of the $130-million earmarked for this innovative strategy," Knight said in a release.
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