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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.

Protech Home Medical Corp. (PTQ-X) announced a US$20-million senior credit facility with CIT (CIT-N).

“This senior credit facility with CIT is truly a momentous moment for Protech,” stated CEO Greg Crawford.

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“With this new credit facility in place, we have added another tool in our toolbox that will further enable us to take the company through its next stage of growth with our key objectives in mind.”

Mr. Crawford said the credit facility provides the company with “greatly enhanced financial flexibility and further strengthens our financial position to ensure our ability to continue to execute on our growth strategy and enhance long term shareholder value.”

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Novo Resources Corp. (NVO-X) announced plans to sell a portion of its Blue Spec project for about $18.6-million to ASX-listed Calidus Resources Ltd.

“The transaction is subject to the satisfaction of certain conditions precedent including Calidus arranging sufficient financing to pay the cash consideration, the execution of various deeds of assignment between the company, Calidus, and relevant third parties along with customary regulatory approvals for transactions of this nature,” it stated.

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Ballard Power Systems (BLDP-Q; BLDP-T) issued a release noting that China’s government has announced a new official policy regarding fuel cell electric vehicles (FCEVs), which the company says is expected to support the adoption of FCEVs in selected demonstration regions in China.

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“With a target to achieve 1 million Fuel Cell Electric Vehicles on China’s roads by 2030, this new fuel cell policy sets a framework for the scaled adoption of FCEVs,” said Randy MacEwen, Ballard CEO. “We believe this new policy signifies the strategic importance China places on FCEVs both from a decarbonization perspective as well as a competitive industrial perspective.”

He said the new policy comes as the Weichai-Ballard joint venture has been recently commissioned in Shandong Province with annual manufacturing capacity in excess of 1 Gigawatt of fuel cell stacks.

“We believe the Weichai-Ballard joint venture is well-positioned to become a leading fuel cell stack and module platform in China – the world’s largest market for commercial trucks and buses,” Mr. MacEwen stated.

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Maverix Metals Inc. (MMX-T) announced an agreement to acquire a portfolio of 11 gold royalties from Newmont Corp. (NEM-N) for an upfront consideration of US$75-million and contingent payments of up to US$15-million.

“This transaction marks another important milestone in our continued growth at Maverix,” stated Dan O’Flaherty, CEO. “The acquisition of these high-quality royalties enhances our existing portfolio and adds to our already robust pipeline of development assets.”

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NFI Group Inc. (NFI-T) announced that the Central Ohio Transit Authority (COTA) has exercised options for two Xcelsior CHARGE™ battery-electric, 40-foot heavy-duty transit buses.

“The purchase – part of a two-year contract with options to purchase an additional eight zero-emission Xcelsior CHARGE™ buses and supported by Federal Transit Administration funds – furthers COTA’s five-year strategic plan to improve customer experience, provide mobility options, achieve organizational excellence, and prioritize the use of data and analytics,” the company stated.

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A subsidiary of Alimentation Couche-Tard Inc. (ATB.D-T) announced after markets closed Friday that it has acquired ownership and control over about 13.1 million common shares of Fire & Flower Holdings Corp. (FAF-T). It said it exercised series A common share purchase warrants of Fire & Flower, representing approximately 7.4 per cent of the company.

The subsidiary said it bought the shares “for investment purposes only and not with a view to materially affecting control of Fire & Flower.”

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European Residential Real Estate Investment Trust (ERE.UN-T) announced an agreement to acquire a multi-residential portfolio of five properties in the Netherlands for €26.25-million ($41-million Canadian).

“We maintain our confidence in the attractiveness of the Dutch multi-residential real estate market, including its defensive characteristics,” stated Phillip Burns, CEO of ERES.

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Timbercreek Financial Corp. (TF-T) announced an amendment to its existing revolving credit facility to exercise a portion of the accordion feature, which has increased the total revolving commitment of the lenders by $35-million. It brings the aggregate limit under the credit facility to $535-million, the company said.

It also announced that it has issued a notice of redemption to holders of the 5.4 per cent convertible unsecured subordinated debentures due July 31, 2021,  representing a redemption in full of all of the currently outstanding debentures.

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Theratechnologies Inc. (TH-T; THTX-Qannounced select preliminary financial results for the third quarter ended Aug. 31, including revenues of between $13.8-million and $14.2-million. That’s compared to $16.1-million for the same period last year.

“Revenues for the third quarter of 2020 were primarily impacted by the COVID-19 pandemic, one-time items related to the transition from EGRIFTA® to EGRIFTA SV® as well as higher than expected rebates and chargebacks related to prior reporting periods,” the company stated.

“In addition to one-time items impacting our third-quarter revenues, COVID-19 has changed the pharmaceutical sales and marketing paradigm,” said Paul Lévesque, CEO of Theratechnologies Inc.

“Hospitals and clinics have become less accessible to sales representatives due to pandemic-related restrictions and we have implemented the appropriate actions to address these challenges.”

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Savaria Corp. (SIS-T) announced the appointment of Stephen Reitknecht as its chief financial officer, effective today

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