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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.
Jamieson Wellness Inc. (JWEL-T) says its fourth-quarter revenue increased 28 per cent year-over-year to $84.3-million, versus expectations of $85.9-million.
Net Income was $3.7-million compared to net loss of $18.7-million in the fourth quarter of 2016. Adjusted earnings came in at $9.7-million or 25 cents per share versus $5.1-million or 13 cents in the fourth quarter of 2016. Analysts were expecting adjusted earnings of 26 cents per share in the most recent quarter.
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Guardian Capital Group Ltd (GCG-T) reported revenue of $39.1-million in the fourth quarter which beat expectations of $37.2-million and compared to $38.2-million a year ago. Net earnings available to shareholders were $31.3-million or $1.07 per share versus $19.4-million or 65 cents a year ago.
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Step Energy Services Ltd. (STEP-T) says it has an agreement to acquire privately owned Tucker Energy Services Holdings, Inc. for about US$275 million.
"The acquisition represents an incredibly exciting and unique opportunity for Step and its shareholders," stated CEO Regan Davis. "Expansion into the U.S. fracturing and completion solutions business has been a strategic goal and part of the company's growth plan. The acquisition of Tucker provides Step with a launching pad into the U.S. fracturing market ... ."
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Canfor Pulp Products Inc. (CFX-T) reported fourth-quarter net income of $45-million or 69 cents per share up from $10.1-million or 15 cents a year ago. Sales were $322.9-million compared to $257.8-million a year earlier. Analysts were expecting earnings of 60 cents and sales of $294-million.
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Tahoe Resources Inc. (THO-T; TAHO-N) reported revenue of $117.7-million for the fourth quarter compared to $189.4-million a year earlier. Its loss was $18-million or 6 cents per share versus a profit of $300,000 or nil per share the year before. Analysts were expecting a loss of 4 cents and revenue of $129.9-million.
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BlackPearl Resources Inc. (PXX-T) reported net income of $6.5-million or 2 cents per share in the fourth quarter compared to a loss of $2.2-million or a penny per share a year earlier. Oil and natural gas sales increased 23 per cent in the fourth quarter to $43.5-million compared with $35.4-million in the same period in 2016.
"The increase in oil and gas sales is primarily attributable to a 21-per-cent increase in average sales price received in the fourth quarter," the company stated. Analysts were expecting revenue of $34.5-million and earnings of a penny per share.
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Enerflex Ltd. (EFX-T) reported revenue of $450.1-million in the fourth quarter up from $343.4-million a year earlier. Analysts were expecting revenue of $418.5-million in the most recent quarter. Net earnings were $26.7-million or 30 cents per share versus a loss of $45.5-million or 54 cents a year ago.
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Pivot Pharmaceuticals Inc. (PVOT-CN) says it plans to buy Agro-Biotech Inc., a licensed cannabis producer in Quebec. Agro-Biotech will continue to operate on a standalone basis, the company said.
The proposed deal is valued at about $100-million in cash and shares. Pivot will also invest $15-million in the development of Agro-Biotech's business.
Pivot said it expects to have to complete a financing to satisfy its financial obligations related to the proposed deal.
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Dream Office REIT (D.UN-T) reported net income of $100.7-million in the fourth quarter compared to a loss of $100.7-million a year ago.
Funds from operations were 40 cents per unit, compared to expectations of 41 cents and compared to 59 cents a year earlier.
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Altus Group Limited (AIF-T) said consolidated revenue came in at $122.7-million in the fourth quarter, up 6 per cent from a year earlier. Analysts were expecting revenue of 124.7-million.
The company reported a loss of $3.4-million or 9 cents share compared to a profit of $8.9-million and 23 cents during the same period in 2016.
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SSR Mining Inc. (SSRM-Q; SSRM-T) reported net income of US$16.9-million or 14 cents per share compared to US$12.1-million or 10 cents a year earlier.
Revenue was US$107.9-million or US$127.3-million a year earlier.
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Glance Technologies Inc. (GET-CN) executives released a letter to shareholders regarding a recent executive change. CEO Desmond Griffin and chief technology officer Angela Griffin — a husband and wife team — issued the letter defending the company's decision to recently "terminate another member of our family, Penny Green, as president and chief operating officer."
The executives said in the letter that they, "can no longer work with Penny, and Glance Technologies was not functioning properly with Penny in a management role."
The letter discusses how Ms. Green requisitioned a meeting to change the board of directors and "give her control of Glance Technologies," including removing all three of Glance independent directors and replacing them with three of her nominees.
The executives also stated that Ms. Green was the sister in law of the CEO and sister to the CTO.
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Centerra Gold Inc. (CG-T) reported net earnings of US$130-million or 43 cents per diluted share in the fourth quarter compared to net earnings of US$63.6-million or 23 cents per common share a year earlier.
Revenues were US$358.2-million, up from US$305.7-million in the fourth quarter of 2016.
Analysts were expecting revenue of US$351.5-million and earnings or 26 cents.
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A&W Revenue Royalties Income Fund (AW.UN-T) says A&W of Canada Inc. the parent company of A&W Food Services of Canada, has completed a reorganization "to provide liquidity for, and accommodate the individual estate planning purposes of, some of its long-standing shareholders."
As part of the reorganization, several shareholders of A&W Canada have collectively sold a "significant minority, indirect ownership interest" in Food Services to funds managed by TorQuest Partners, the company stated.
"The reorganization does not constitute a change of control of Food Services, as existing shareholders will continue to maintain majority control of Food Services," the company said. "There will also be no change in management or operations of the Food Services' business."
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EnWave Corp. (ENW-X) reported revenues of $4.5-million in its first quarter ended Dec. 31, versus expectations of $4.7-million an an increase from $3.5-million for the same period a year earlier. Its net loss was $397,000 or a penny per share versus a loss of $618,000 or a penny per share last year.