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Our roundup of Canadian small-caps in the news today.

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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Aurora Cannabis Inc. (ACB-T) says it's buying H2 Biopharma Inc., based in Lachute, Que. for $25-million. It said the price will be "satisfied through the issuance of Aurora common shares."

Aurora said it will make an initial payment of $10-million and further payments based on performance-related milestones, including completion of a cannabis-production facility the company is building.

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"The latest Aurora acquisition will be the company's fourth production facility in Canada - and second site in Quebec, in addition to its 40,000-square-foot production "Aurora Vie" facility in Pointe-Claire, on the island of Montreal," the company stated.

In a separate release, Aurora said it has formally commenced its offer to buy CanniMed Therapeutics Inc. (CMED-T) for $24 per share. A condition of the offer is that Aurora's takeover of Newstrike Resources Inc. (HIP-X) be terminated.

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Semafo Inc. (SMF-T) says board chairman Jean Lamarre passed away on Wednesday following a short illness. Mr. Lamarre joined the board in 1997 and was appointed chairman in 2000.

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Scientific Games Corp. (SGMS-Q) has increased its stake in  NYX Gaming Group Ltd. (NYX-X) to more than 36 per cent from 10.7 per cent through various share transactions.

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Valener Inc. (VNR-T) reported a loss of $2.2-million in the fourth quarter compared to a loss of $800,000 a year earlier.

The loss was 7 cents per share compared to 2 cents a year earlier. Analysts were expecting a loss of 11 cents per share in the latest quarter.

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About the Author
Contributor

Brenda Bouw is a freelance writer and editor based in Vancouver. She has more than 20 years of experience as a business reporter, including at The Globe and Mail, The Canadian Press, the Financial Post and was executive producer at BNN (formerly ROBTv). Brenda was also part of the Globe and Mail reporting team that won the 2010 National Newspaper Award for business journalism. More

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