Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
“Experienced greenhouse farmers Sheldon and Carrie Enns operate the Green Valley Garden Centre, supplying high-quality vegetables and ornamental plants in Southeastern Manitoba for the past 12 years,” the company stated. “The growing season in Manitoba is impacted by climate change, with farmers experiencing significant drought, stormy weather, and cold winters. The Enns will use the CubicFarm Systems automated indoor growing technology to grow commercial-scale amounts of leafy greens, herbs, and microgreens in the Winnipeg area for the surrounding communities.”
IBI Group (IBG-T) announced it has taken a minor equity position in Ecosystem Informatics Inc., a private company specializing in environmental monitoring, diagnostics and pollution abatement solutions.
“Our investment in ESI is aligned with IBI Group’s broader mission to take meaningful action against climate change to create the resilient, connected, smart cities of tomorrow,” said IBI Group CEO Scott Stewart in a release.
Absolute Software (ABST-T) announced that its current chief financial officer Steven Gatoff is leaving to pursue other opportunities. Effective today, Ron Fior will serve as interim CFO while the company conducts a search for a permanent replacement.
Chemtrade Logistics Income Fund (CHE.UN-T) announced that its board chair Lorie Waisberg will be retiring at the end of his current term in May. The Board has appointed Douglas Muzyka, currently a board trustee, to succeed Mr. Waisberg following Chemtrade’s annual meeting.
Net operating income was $3.6-million, or 8.9 per cent lower than the same period in 2020, the company stated. “The decrease was primarily due to a decline in net recovery revenue due to temporary rent adjustments provided to support tenants and a $1.2-million impact from straight-line rent and lease surrender fees,” the company stated.
Geodrill Limited (GEO-T) announced an increase in its semi-annual dividend to 3 cents from a penny per share “reflecting the financial performance of Geodrill and our commitment to recognize and return capital to our long-term shareholders.”
The dividend does not qualify as an “eligible dividend” for Canadian income tax purposes the company noted, given that it’s incorporated in the Isle of Man.
The company also announced that it generated revenue of $26.7-million in the fourth quarter, an increase compared to $24.7-million a year earlier. The expectation was for revenue of $27.3-million, according to S&P Capital IQ.
Net income increased to $2.8-million or 6 cents per share up from $2.2-million or 5 cents a year earlier.
Dirtt Environmental Solutions Ltd. (DRT-T) announced that it has filed a summary judgment application in the Court of Queen’s Bench of Alberta, seeking an expedited, pre-trial, final determination of its liability claims against Falkbuilt Ltd., Falkbuilt, Inc., Mogens Smed, Barrie Loberg, and others.
“In the action, Dirtt seeks, among other things, an order restraining the defendants from competing with Dirtt, a judgment for its losses and damages, and an accounting and disgorgement of the defendants’ gains from their wrongful misconduct,” the company stated in a release.
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