Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Mullen Group Ltd. (MTL-T) says it’s buying the Canadian Industrial Services division of AECOM (ACM-N), which operates largely within the heavy oil and oil sands regions of Alberta. It said the acquisition is expected to add approximately $70-million in annual revenue to Mullen Group.
The Green Organic Dutchman Holdings Ltd. (TGOD-T) says its wholly-owned subsidiary, Medican Organic Inc. has received its cultivation licence from Health Canada for the company’s breeding facility in Salaberry-de-Valleyfield, Que. “The commissioning of this facility will allow the Company to create proprietary, organically grown strains of cannabis and cannabis seeds,” it stated.
Nautilus Minerals Inc. (NUS-T) says it has entered into a loan agreement with Deep Sea Mining Finance Ltd.. which formalizes its previously disclosed secured structured credit facility of up to US$34 million.
WeedMD Inc. (WMD-X) says it has secured its Health Canada cultivation licence for the first four grow rooms within the first phase of its retrofit of a greenhouse in Strathroy, Ont.
“With a fully-funded 220,000-square-foot retrofit in its final stage, the company will progressively bring a total of 20 grow rooms online over the coming months,” it stated.