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