Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
"With net assets in excess of $1.1 billion, HMMJ will allow for increased exposure to investors for Aleafia," the company stated.
Gluskin Sheff + Associates Inc. (GS-T) reported fourth-quarter net income of $5.9-million or 19 cents per share, which was about the same as the same period ended June 30 last year. Revenue was $29.9-million, which was in line with expectations and down from $31.6-million a year earlier.
Transcontinental Inc. (TCL.A-T; TCL.B-T) said it appointed long-time TC Transcontinental executive Donald LeCavalier as chief financial officer, effective immediately. Nelson Gentiletti, the chief financial and development officer, will be retiring from the company on Dec. 31, the company said.
“We are extremely pleased to appoint Donald, a seasoned executive who has been with TC Transcontinental for over 12 years, as CFO,” said CEO François Olivier.
His most recent position was as senior vice president, finance and corporate affairs.
Fiera Capital Corp. (FSZ-T) says Donald LeCavalier, who had agreed to join Fiera Capital as executive vice president and global chief financial officer, effective Oct. 1, has now declined the position.
John Valentini will remain in the role in the interim and will also remain president and CEO of the Firm’s private investments, the company said.
The Allendale plant is located in Allendale, South Carolina and the Dorchester plant in Harleyville, South Carolina. Each of the plants has a capacity of 20 megawatts, the company said.
MDC Partners Inc. (MCCA-Q) says it plans to “explore and evaluate potential strategic alternatives,” which may include a sale of the company.
"The company has not made a decision to pursue any specific strategic alternative, and there is no timetable for completing the strategic review process," it stated in a release. "This review process is proceeding in parallel with the company's previously announced search to identify a successor CEO."
Harte Gold Corp. (HRT-T) says it has received all necessary operating permits from the Ontario government to start commercial production at the Sugar Zone Mine. “Harte Gold is now fully permitted to mine, process ore and pour gold on site,” the company stated.
CEO Stephen Roman said mining operations are currently expected to run for 12 years and “will support further resource expansion drilling in the immediate vicinity of the mine and the ramp-up of property-wide exploration programs. This is an important milestone for the company."
MORE TO COME