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FILE - This April 15, 2017 file photo shows marijuana plants for sale.

Richard Vogel/The Associated 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.

MacDonald, Dettwiler and Associates Ltd. (MDA-T) has signed a contract with Scanex, a satellite monitoring company.

MDA said it will provide a RADARSAT-2 ground station solution and "extend the provision of RADARSAT-2 data for an additional three years, enabling Scanex to continue serving and distributing RADARSAT-2 data products and information services to institutional and commercial clients."

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MDA said it has supplied Scanex with RADARSAT data products and information since 2004.


Aphria Inc. (APH-T) announced on Thursday its "first collaborative initiative" with the Labourers' International Union of North America (LiUNA).

The marijuana producer says it's partnering with LiUNA Local 625 as its primary provider of medical cannabis to members in Essex and Kent counties in Ontario.

It said Local 625's membership includes about 1,600 plus eligible dependents, "who will have immediate access to full coverage for certain medical cannabis products under the Aphria brand."

"Aphria is thrilled to be entering into a partnership with LiUNA, one of Canada's fastest growing unions," said Vic Neufeld, CEO of Aphria. "We're always looking for new and innovative ways to support patients and, in joining forces with Local 625, we'll be able to provide some of the hard-working Canadians in Essex and Kent counties access to our high-quality products at affordable pricing."

It said the program's objective is to "reduce usage and dependency on various opioids, which have reported negative side effects, by giving access to an alternate natural option for treating various chronic conditions."

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Prometic Life Sciences Inc. (PLI-T) is raising $53-million in a bought-deal offering.

It has an agreement with underwriters to buy 31.3 million shares at $1.70 each.

It said the net proceeds will be used for sales and marketing, the advancement of new clinical indications and clinical programs, among other uses.


Capstone Mining Corp. (CS-T) is selling its Kutcho development project to Desert Star Resources Ltd. (DSR-X) for $28.8-million in cash and common shares of Desert Star representing 9.9 per cent of the company.

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Capstone will have the right to nominate one representative to the Desert Star board of directors under certain circumstances.

"The divestiture of Kutcho is consistent with our strategy to focus on our core assets," said CEO Darren Pylot. "This agreement allows us to retain exposure to the Kutcho project, while strengthening our balance sheet. We look forward to seeing the Kutcho project advance under Desert Star's ownership."


Fairfax Financial Holdings Ltd. (FFH-T) said on Thursday that is sold 3.1 million shares of Tembec Inc. (TMB-T), representing approximately 3.1 per cent of the company's issued and outstanding shares.

Fairfax said the shares were sold between June 12 and June 15 on the TSX at an average price of approximately $4.30 per share.

Fairfax said it still hold 14.2 per cent of the company.

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It's the second time this month Fairfax has sold Tembec shares.


Home Capital Group Inc. (HCG-T) provided an update on its financial position as of June 14.

It said total available liquidity and credit capacity stood at approximately $1.11-billion versus $1.12-billion the day before.

Its Home Trust High-Interest Savings Account deposit balances stood at approximately $103.9-million versus $104.4-million the day before.

Total GIC deposits stood at approximately $12.06-billion versus $12.05-billion the day before.

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Norsat International Inc. (NII-T; NSAT-N) says Hytera Communications has amended its takeover offer for the company to $11.50 (U.S.) per share, matching a higher offer from Privet Fund Management.

The amended also increases both the Norsat and Hytera termination fees from $2.5-million to $3-million, the company said.

"The independent directors have determined that based on the amended offer from Hytera, the Privet subsequent acquisition proposal ceases to be a superior proposal, and subject to obtaining approval from the Industrial Technologies Office representing the Strategic Aerospace and Defence Initiative program will enter into a further amendment of the Amended Arrangement Agreement and implement the amended offer," the company said.

The federal government has been criticized for its review of the Hytera takeover arrangement. The Globe reported that the Trudeau Liberals allowed Shenzhen-based Hytera to buy the company without subjecting the deal to a formal national-security review.


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TWC Enterprises Ltd. (TWC-T) says it will do a strategic review of its investment in White Pass & Yukon Route, its rail and port operations based in Skagway, Alaska, which could include a sale.

TWC said the board has appointed Brookfield Financial Securities LP as a financial advisor to assist in the process.

"The objective of the strategic review is to evaluate the operations of the business and may include a sale of all or a portion of the business, as well as consideration of a separate public entity vehicle for White Pass," it said in a release.

The company said it will consider any potential impact on TWC's golf course operations.

"We are seeking the best path forward for White Pass and believe it is prudent to analyze the business and its strategic opportunities at this time," said chief financial officer Andrew Tamlin.


Grande West Transportation Group Inc. (BUS-X) said U.S. distributor Alliance Bus Group will deliver 10 Vicinity buses for private customers in New York, Boston and Boca Raton.

The company said it's not releasing the names of the private companies "for competitive reasons."

It said these orders are already included in its backlog as a previous order from ABG.


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