Skip to main content

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

iStockPho

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

Rogers Sugar Inc. (RSI-T) reported fourth-quarter revenue of $193-million up from $161.7-million for the same quarter last year. Analysts were expecting revenue of $199.9-million.

It said the higher revenues are due largely to the acquisition of L.B. Maple Treat Corporation and higher sugar selling values.

Story continues below advertisement

Net earnings were $4-milion or 4 cents per share versus $16.5-million or 16 cents a year ago.

Adjusted net earnings were $7.9-million or 8 cents versus $14.3-million or 15 cents a year earlier.

**

SIR Royalty Income Fund (SRV.UN-T) says overall same-store sales increased 3.8 per cent in the fourth quarter compared to a year ago.

Revenue from corporate restaurant operations increased 8.5 per cent to $99.8-million compared to $92-million same period a year earlier.

Net income was $4.7-million compared to a net loss of $15.6-million a year ago. Adjusted net earnings were $2.8- million compared to $500,000 a year earlier.

**

Story continues below advertisement

Automotive Properties Real Estate Investment Trust (APR.UN-T) says it has purchased two automotive dealership properties and a vehicle service compound facility in Edmonton for a total of $23.2-million.

"This portfolio of properties will be a strong addition to the REIT and this transaction provides important strategic benefits," said CEO Milton Lamb.

**

Liberty Health Sciences Inc. (LHS-CN) says it raised $12-million in a private placement offering of convertible secured debentures.

"This important financing deal will fund the aggressive expansion plan that we have in place that will see Liberty become one of the largest licensed producers in the State of Florida," said CEO George Scorsis.

**

Story continues below advertisement

Aurora Cannabis Inc. (ACB-T) says it's buying greenhouse design company Larssen Ltd. for an undisclosed price.

Aurora said the terms included performance-based milestone payments, "such as those related to profitability metrics, as well as certain Aurora standards."

Larssen is behind the company's Aurora Sky facility in Edmonton which, when finished, is expected to be the largest capacity cannabis facility in the world.

"The acquisition of Larssen is an immediately accretive, high-margin revenue-generating opportunity that also extends our technological leadership in the cannabis sector," said CEO Terry Booth.

**

CannTrust Holdings Inc. (TRST-CN) reported third-quarter revenue of $6.1-million, above expectations of $5.7-million and up from $786,915 the year before.

Net income was $655,309 or a penny per share up from a loss of $3.1-million or 10 cents a year ago.

**

Cervus Equipment Corp (CERV-CN) says its chief financial officer Randy Muth will retire at the end of the year after nearly 13 years with the company. Adam Lowther, currently director of finance will replace him.

**

LSC Lithium Corp. (LSC-X) says it's buying Alqa Lithium S.A., owner of the Mina Teresa project in Argentina, for $2-million (U.S.) payable in three installments.

LSC also said it has received approval to start exploration program on the San José and Navidad concessions in the same area.

**

Report an error
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

Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Please note that our commenting partner Civil Comments is closing down. As such we will be implementing a new commenting partner in the coming weeks. As of December 20th, 2017 we will be shutting down commenting on all article pages across our site while we do the maintenance and updates. We understand that commenting is important to our audience and hope to have a technical solution in place January 2018.

Discussion loading… ✨