Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Earnings per share came in at 18 cents compared to 25 cents a year ago.
Analysts were expecting revenue of $146-million and earnings of 25 cents per share in the most recent quarter.
"Exco experienced a challenging quarter in both of its business segments," said CEO Brian Robbins. "While our financial results this quarter are clearly disappointing, we do not believe they are indicative of our future potential."
Its net operating loss was $261,000 compared to a net operating loss of $38,000 for the same time last year.
Hive Blockchain Technologies Ltd. (HIVE-X), the cryptocurrency mining firm, reported second-quarter revenue of $170,819 (U.S.) versus nil last year. Its net loss was $20.3-million or 20 cents per share compared to a loss of $177,210 or a penny per share a year earlier.
Its net loss was $3.7-million or 4 cents compared to a loss of $1.2-million or 2 cents last year.
Its net loss was $3.2-million or a penny per share, compared with $2.3-million or a penny per share a year ago.
"The increase compared to the prior year period was the result of an accounting change from a reverse acquisition company to an investment company effective Sept. 30, 2017," it stated.
Income was $117.2-million compared to a net loss of $900,000 last year.
The company said 80 per cent of the price will be paid upon closing of the acquisition and the rest when the integration of Blockimpact with the Glance Pay mobile payment platform is completed. Glance said it has paid Ztudium $100,000 towards the purchase price.
Glance said intends to use the Blockimpact cryptocurrency platform to speed up the creation of its rewards-based cryptocurrency.
"We are selling the Ztudium Blockimpact platform at a significant discount to what we believe is its true value because we are extremely excited about the opportunity to apply our team and technology to the Glance Pay rewards cryptocurrency," says Dinis Guarda, a blockchain influencer who founded the company for sale.
Maricann Group Inc. (MARI-CN) says it has a non-binding letter of intent with the Alliance of Beverage Licensees (ABLE BC), the advocacy organization representing B.C.'s private liquor industry, to supply product to its members.
"We are pleased to partner with Maricann as a supplier of adult-use recreational cannabis for our retail members," said Jeff Guignard, executive director of ABLE BC. "We believe British Columbians will be extremely discerning cannabis consumers, so we are excited to work with a producer who has the capacity and commitment to deliver a consistent supply of high-quality cannabis products."
As part of the agreement, ABLE BC will provide Maricann with distribution channels for its recreational products. "This will ensure ABLE's more than 1,000 members consisting of private liquor stores, neighbourhood pubs, bars/nightclubs and hotel liquor licensees have access to Maricann's stable of established premium cannabis products," the company stated.
ICC International Cannabis Corp. (ICC-X) reported a loss of $1.1-million or a penny per share in the third quarter. That compared to a loss of $152,384 a year earlier. Analysts were expecting a loss of 2 cents per share in the most recent quarter.
Revenue was $146,977 versus nil a year earlier. "The increase was attributable to the commencement of sales in the company's recreational cannabis segment," it stated.