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

Cineplex Inc. (CGX-T) narrowed its net loss in the fourth quarter, as blockbusters such as Spider-Man: No Way Home drew audiences back to movie theatres – before renewed restrictions related to the Omicron variant of COVID-19 slowed the industry’s recovery in late December.

The Toronto-based cinema operator reported a net loss of $21.8-million or 34 cents per share for the three months ended Dec. 31, compared to the same period the prior year when it lost $230.4-million or $3.64 per share during a time of intense pandemic-related restrictions on entertainment venues such as movie theatres.

Cineplex welcomed 10.2 million customers in the quarter – accounting for more than half of its traffic for the entirety of 2021, as theatres were forced to close for long periods following pandemic-related public health orders. That compared to just 800,000 visitors during the same period in 2020. Total fourth-quarter revenues increased by 471.9 per cent to $300-million. Full story here

-Susan Krashinsky Robertson


Indigo Books & Music Inc. (IDG-T) reported revenue of $430.7-million for the 13-week period ended Jan. 1, compared to $365.4-million for the 13-week period ended Dec. 26, 2020.

Net income of $45.2-million or $1.60 per share compared to net income of $26.1-million or $1.09 a year earlier.


Algoma Steel Group Inc. (ASTL-T) reported third-quarter revenue of $1.06-billion, up 147.6 per cent from $430-million in the prior-year quarter.

As compared with the prior-year quarter, steel revenue was $1.01-billion, up 163 per cent from $383.8-million, and revenue per ton of steel sold was $1,927, up 145.5 per cent from $785, the company stated.

Net income in the third quarter was $123-million, compared to a net loss of $73.5-million in the prior-year quarter.

The company also instituted a quarterly dividend, beginning with the payment of a dividend of 5 cents US on March 31 to shareholders of record on Feb 28th. The company also said it plans to start a normal course issuer bid as part of its overall capital allocation strategy.


Aurora Cannabis Inc. (ACB-T) reported revenue of $60.6-million for its second quarter ended Dec. 31, compared to $67.7-million a year earlier. The expectation was for revenue of $59.4-million in the latest quarter, according to S&P Capital IQ.

Aurora said its adjusted EBITDA loss improved to $9-million from $11.2-million in the prior-year period.


Clairvest Group Inc. (CVG-T) reported net income of $76.5-million or $5.08 per share for its third quarter ended Dec. 31.

Book value was $972.1-million or $64.58 per share at the end of the quarter compared with $895.9-million or $59.49 per share as of Sept. 30, 2021


Tucows Inc. (TC-T) reported revenues of US$82.5-million up from US$70.8 million for the fourth quarter of 2020.

The company also reported a net loss of US$2-million or 18 cents US per share, compared with net income of US$2.1-million or 19 cents US per share a year earlier.

Tucows also announced a stock buyback program to repurchase, from time to time, up to $40- million of its common stock in the open market over the next year.


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