Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Converge Technology Solutions Corp. (CTS-T) announced that it has acquired cybersecurity solutions provider Creative Breakthroughs, Inc., based in Ferndale, Michigan.
“Converge is excited to have CBI join us as our 30th acquisition,” stated Greg Berard, president of Converge.
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High Tide Inc. (HITI-X) announced that it’s buying 2080791 Alberta Ltd., operating as Boreal Cannabis Company, which operates two retail cannabis stores in Alberta, for $2.2-million.
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The Very Good Food Company Inc. (VERY-X) reported fourth-quarter revenue of $4.3-mllion up from $1.8-million a year earlier.
Its net loss was $13.3-million or 12 cents per share versus a loss of $5.8-million or 6 cents a year earlier.
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PyroGenesis Canada Inc. (PYR-T) reported revenue of $7.2-million up from $6.8-million a year earlier.
Its net loss was $22.4-million or 13 cents per share versus a profit of $22.9-million or 15 cents a year earlier, according to documents filed on Sedar.com
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Mag Silver Corp. (MAG-T) reported fourth-quarter net income of US$8.7-million or 9 cents US per share versus net income of US $6.6-million or 7 cents US a year earlier. According to S&P Capital IQ, the expectation was for earnings of 4 cents per share in the latest quarter.
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NG Energy International Corp. (GASX-X) announced a “best-efforts, fully marketed” prospectus offering of up to $45-miillion of convertible debentures. The company said it plans to issue up to 45,000 convertible debenture units for $1,000 each.
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