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A cannabis plant is shown in southwest Quebec on Oct. 8, 201

Justin Tang/THE CANADIAN 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.

Stingray Digital Group Inc. (RAY.A-T) has hired former Montreal mayor Denis Coderre as a special adviser to help push its expansion into international markets.

The media firm, best known in Canada for its commercial-free streaming service Stingray Music, has been an active industry consolidator since it went public in 2015. It has made six acquisitions in the past year alone, including a deal for Israel-based application developer Yokee Music Ltd., and now derives more than half its revenue from international sales.

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Mr. Coderre will help Stingray hone its political insight, build alliances with industry players and secure high-level meetings with decision makers key to its global development, the company said in a news release. The job is understood to be part-time.

- Nicolas Van Praet

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Fiera Capital Corp. (FSZ-T) is buying CGOV Asset Management, an Ontario-based investment management firm focused on high-net-worth and institutional investors with approximately $5.3-billion in assets under management.

"We are excited to combine CGOV with Fiera Capital to enhance our leading Canadian high-net-worth platform and further strengthen our institutional investment management capabilities. CGOV has a rich history of success and growth and brings a proven management team," said Fiera CEO Jean-Guy.

The purchase price is $114.2-million, the company stated in a release.

Fiera Capital also reported fourth-quarter revenue of $142-million, up from $121-million for the same period a year earlier. Analysts were expecting revenue to be $126.6-million.

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Net earnings attributable to shareholders came in at $800,000 or a penny per share versus $5.2-million or 7 cents per share for the quarter ended Dec. 31, 2016.

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LGC Capital Ltd. (LG-X) says it has "formally terminated" its option to acquire a 30-per-cent interest in South Africa-based House of Hemp (Pty) Ltd, "in favour of focusing LGC's resources and cash-strong balance sheet on developing its fast-growing investments in Australia, Montreal/Canada, Jamaica and Europe."

The company also said it is "examining new near-term cash-flowing investment opportunities in Europe and southern Africa."

The company said its 50/50 joint venture with AfriAg (Pty) Ltd had the exclusive right to acquire a 60-per-cent interest in House of Hemp.

"The South African government has not put in place the legislative framework for the legalization of medical cannabis in that country," it stated. "Although House of Hemp is still actively seeking a full set of commercial licenses, its lack of licenses at present means that it does not meet LGC's strict criteria for near-term production and cash-flow.As a result, House of Hemp no longer fits with LGC's investment objectives."

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Sierra Metals Inc
. (SMT-T) reported revenue of US$51.2-million in the fourth quarter, up from US$41.8-million a year earlier.

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Net income was US$2.1-million versus a loss of US$5.1-million a year earlier.

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Westport Fuel Systems Inc. (WPRT-T; WPRT-Q) reported fourth-quarter revenues of US$64.2-million up from US$60.1-million. Analysts were expecting revenue of $54-million.

Its net loss from continuing operations was $19.2-million or 14 cents per share versus a loss of $44.4-million or 43 cents per share.

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Delta 9 Cannabis Inc. (NINE-X) says it has signed a an agreement with Fort Garry Brewing Company LP to jointly produce and market a hemp beer in Manitoba, for sales nationally. "The beer is expected to be on the market in the summer to mark the expected legalization of recreational cannabis in Canada," the company said.

The companies will split the research and development costs.

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SDX Energy Inc. (SDX-X) reported fourth-quarter revenues of US$11-milion up from US$5.4-million a year earlier.

Its loss was US$2.6-million versus income of $100,000 a year earlier.

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InMed Pharmaceuticals Inc. (IN-CN) says it has received final approval to list on the Toronto Stock Exchange. The shares will commence trading on the TSX on March 26.

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Grande West Transportation Group Inc. (BUS-X) announced a new order for its Vicinity buses valued at $1.6-million. "The order is a follow-on for new Vicinity buses to be delivered to the Société de transport du Saguenay (STS) in 2018," the company stated in a release.

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