Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Maple Leaf Green World (MGW-X) says Matt Berger, also known as Bubba Kush, has joined the company as chief grower for its Nevada marijuana project.
"Bubba will be personally overseeing the cultivation process at our Nevada site, and he will also be growing some of his most prized genetics for the company," Maple Leaf said in a release.
Maple Leaf called him "a formidable figure in the cannabis industry" who plans to bring "his most prized genetic cannabis strains to California and Canada for the company."
Mr. Berger has been cultivating cannabis for 25 years, "developing genetics, gathering awards, and starting various cannabis-related businesses along the way," the company said.
Aurora Cannabis Inc. (ACB-X) reported first-quarter revenue of $3.1-million, up from zero revenues for the 2015 comparable period, and up 152 per cent or $1.2-million from the fourth quarter.
The company said it sold 435,720 grams of cannabis, which is up 117.5 per cent from the previous quarter.
Its net loss was $5.6 -million, "attributable to a decrease in unrealized gain on changes in fair value of biological assets, increased expenditures due to the commencement of commercial operations, and increased corporate activities related to the acquisition of CanvasRx and various equity and debt financings."
New Flyer Industries Inc. (NFI-T) says Transdev, a private operator for public transit authorities, has awarded it a contract for up to 47 heavy-duty 40-foot Xcelsior clean diesel buses.
The contract includes a firm order for 40 buses with options for an additional seven, which will expire at the end of August, 2017.
The company said Transdev will operate the buses to provide student transportation for North Carolina State University.
Ballard Power Systems (BLDP-N; BLD-T) says it has signed a long-term sales agreement with Solaris Bus & Coach of Poland for the sale and supply of fuel cell modules for its fuel cell buses in Europe.
Ballard said it has an initial order for 10 of its fuel cell modules, with deliveries planned to start in 2017.
Uni-Select Inc. (UNS-T) says one of its subsidiaries has completed the acquisition Pacific Parts Ltd., with two locations in the greater Vancouver area.
"Pacific Parts is a terrific addition to the Bumper to Bumper store group. We will continue to add further store locations to complement our very strong network of independent jobbers," stated Uni-Select CEO Henry Buckley in a release.
MTY Food Group Inc. (MTY-T) is buying 60 per cent of the assets of La Diperie through a newly formed subsidiary.
"La Diperie is a young, trendy and dynamic ice cream dip concept. It represents a good addition to MTY's portfolio of brands and has great expansion potential for the future," stated MTY chairman and CEO Stanely Ma in a release.
La Diperie franchises five restaurants in Quebec and Ontario.
MTY said its interest in La Diperie is expected to be about $900,000.
Pivot Technology Solutions, Inc. (PTG-X) says it has received conditional approval from the Toronto Stock Exchange to list its common shares on the TSX starting on Dec. 19.
"Graduating to the TSX will fulfill a key commitment to our shareholders and among other advantages, will increase our access to the capital markets and elevate our corporate profile," stated CEO Kevin Shank in a release.
Firm Capital Mortgage Investment Corp. (FC-T) is raising $22.5-million in a bought deal financing.
It has an agreement with a syndicate of underwriters led by CIBC Capital Markets and TD Securities Inc. for convertible unsecured subordinated debentures due Dec. 31, 2023.
It said net proceeds are intended to repay debt, including the redemption of certain of the corporation's outstanding debentures maturing in 2017, and to fund new investments.
NGEx Resources Inc. (NGQ-T; OMX-Q) plans to raise $10-million in a private placement by selling up to eight million common shares at a price of $1.25 each.
It said net proceeds will be used towards "ongoing work programs in Chile and Argentina as well as for general corporate purposes."
Symbility Solutions Inc. (SY-X) said its revenue for the third quarter was $8.7-million compared to $7.8 million in the same period in 2015.
Analysts were expecting revenue of $6.4-million.
Its net loss for the third quarter was $530,000 compared to a loss of $864,000 a year ago.