Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Its profit was $6.2-million or 4 cents per share versus a loss of $3.7-million or 3 cents per share.
Mr. Bailey was most recently managing director, Investment Banking at Altacorp Capital.
Home Capital Group Inc. (HCG-T) says it has received a draft statement of claim prepared on behalf of West Face Long Term Opportunities Global Master LP, a Caymans Island limited partnership that opted out of a global settlement of the securities class action earlier this year with Home Capital.
Home Capital said the potential claim, not yet filed in court, is based on allegations of misrepresentation with damages of $70 million.
"The company believes it has valid defences," Home Capital stated in a release. It the claim goes ahead, the company said it "intends to fully defend its conduct, as well as to investigate the conduct of the various short sellers and the propriety of their actions whether acting alone or in concert with others."
The company said West Face built a "significant short position" in the company in the spring and summer of 2013 and then reversed its investment strategy, "covering its short position between the fall of 2013 and the spring of 2015."
Enghouse Systems Ltd. (ENGH-T) says it has acquired Duren, Germany-based XConnect GmbH, from XConnect Global Networks Ltd. The price wasn't disclosed.
"XConnect GmbH provides carrier change processes and number portability services to telecommunication providers in Germany," the company stated. "Its software enables the movement of telephone numbers and voice data services among operators and carriers."
Supremex Inc. (SXP-T) says chief financial officer and corporate secretary Bertrand Jolicoeur will be leaving the company effective Dec. 15 "to pursue another employment opportunity."
Lyne Bégin will act as interim vice-president of finance along with her current duties, the company stated.
Organigram Holdings Inc. (OGI-T) says it's raising $50-million in a bought-deal financing.
It says it has a letter of engagement with Eight Capital to purchase, together with a syndicate of underwriters, 14.3 million units at $3.50 each. The stock closed at $3.84 on Monday.
The company said the net proceeds within the next 18 months to fund its expansion program.
"This financing provides us with the unique opportunity to extend our expansion plan to develop one of the largest and most impressive indoor growing facilities in the country," stated Organigram CEO Greg Engel.
CannaRoyalty Corp. (CRZ-CN) says it plans to buy Kaya Management Inc., the exclusive manufacturer and license holder of rights for Bhang brand vaporizer products in California.
The company also says it has concurrently signed a binding term sheet to acquire Alta Supply Inc., a distributor of Bhang vaporizer and chocolate products, "as well as products for over a dozen other well-known third-party cannabis companies throughout California."
Richard Sellers, majority owner of Kaya and Alta, will join the CannaRoyalty executive team if the deal closes.
"These acquisitions are transformative for CannaRoyalty, and will provide the Company with foundational assets to execute on our California expansion strategy," stated Marc Lustig, CEO of CannaRoyalty in a release.
The company said consolidated sales from Kaya and Alta over the past 12 months were approximately $12.4-million and "once this transaction is completed it will increase the Company's existing revenue run rate significantly."
The company also reported third-quarter revenue of $744,302 up from $127.707 last year.
Its net loss was 8 cents per share compared to 7 cents last year.
Cannabis Wheaton Income Corp. (CBW-X) says it has entered into settlement agreements with certain of its creditors to settle more than $3-million of debt. The transaction includes issuing about 3 million shares.
"The company determined to satisfy the indebtedness with common shares in order to preserve its cash for funding its streaming agreements and for general working capital purposes," it stated in a release.
Real Matters Inc. (REAL-T) reported fourth-quarter revenues of $82.9-million (U.S.), up 2.4 per cent from last year "as organic growth in U.S. appraisal and title and closing revenues were partially offset by a significant decline in the mortgage origination market."
Analysts were expecting revenue to come in at $79.1-million in the quarter.
Its net loss was $3.8-million versus net income of $1.6-million a year ago.
The increase will be effective with the planned distribution in January, which is expected to be payable in February 2018, the company stated.
"As we look forward to 2018 and beyond, we believe the REIT has many opportunities for growth and can continue to realize its strategic objectives," said Frank Camenzuli, CEO of the REIT. "This positive outlook for the future is supportive of a distribution increase, and we are excited about this announcement."
It has an agreement with Echelon Wealth Partners and PI Financial Corp. to buy about 3.35 million units at $3 each. The stock closed at $3.84 on Monday.
The company said it intends to use the net proceeds "for general corporate purposes, to fund growth and to provide for possible future acquisitions."
"This offer will be proposed at a price of 10 euros per Astellia share, the same amount that was paid by Exfo for the off-market acquisitions," the company stated.
It said the price represents a 44.7-per-cent premium over the closing share price of Astellia on Aug. 30, the day before Exfo said it planned to acquire Astellia.