Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Lightspeed POS Inc. (LSPD-T) announced the acquisition of Montreal-based Chronogolf, a cloud-based software offering “that facilitates management for golf course operators around the world,” and an existing Lightspeed partner. The price wasn’t disclosed in the release.
Lightspeed also reported total revenue of $21.3-million in the fourth quarter, an increase of 36 per cent from the same quarter last year and ahead of expectations of $20.4-million. Its net loss of $96.1-million or $2.21 per share compared to a net loss of $11.7-million or 40 cents a year ago. Analysts were expecting a loss of $104.9-million.
**
SLANG Worldwide Inc. (SLNG-C) reported a first-quarter net loss of $16.4-million or 9 cents per share versus a loss of $587,000 or a penny per share for the same quarter last year. Net operating revenue was $4-million up from $29,000 a year earlier.
**
iAnthus Capital Holdings, Inc. (IAN-C) reported revenue of US$9.6-million in the first quarter up from US$225,000 a year earlier and below expectations of US$14.9-million. Its net loss of US$18.3-million or 15 cents versus a loss of US$645,000 or a penny per share a year earlier.
**
Khiron Life Sciences Corp. (KHRN-X) reported a net loss of $8.7-million for the quarter ended March 31 compared to a loss of $2-million a year earlier. Revenues were $2.1-million versus nil the same quarter a year earlier.
**
Flower One Holdings Inc. (FONE-C) reported first-quarter revenue of $534,172 versus nil the prior year. Net income of $1.7-million for the quarter or a penny per share versus a loss of $470,000 or a penny per share a year ago.
**
Sunniva Inc. (SNN-C) reported revenue of $14.2-million in the first quarter ended March 31 up from $5.2-million a year earlier. Its net loss was $3.4million or 9 cents per share versus s a loss of $6.3-million or 23 cents a year earlier.
**
WeedMD Inc. (WMD-X) recorded revenue of $3.3-million in the quarter ended March 31 up from $1.1-million a year ago. Its net loss was $2.4-million or 2 cents per share versus a loss of $1.3-million or a penny per share a year ago.
**
1933 Industries Inc. (TGIF-C) announced the appointment of Chris Rebentisch to the role of CEO effective May 29. Brayden Sutton will remain chairman of the board. Steve Radusch has been named chief financial officer, taking over from Ryan Maarschalk.
**
Enthusiast Gaming Holdings Inc. (EGLX-X) announced a combination with J55 Capital Corp. (FIVE-X) and Aquilini GameCo Inc., a private Canadian company, “to form the leading publicly traded esports and gaming media organization in North America.”
The combined company will be renamed “Enthusiast Gaming Holdings Inc" and will trade under the ticker “EGLX” on the TSX Venture Exchange.