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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.

Village Farms International, Inc. (VFF-T) says it’s raising $20-million in a bought-deal public offering of common shares. It has an agreement with Beacon Securities Limited, as lead underwriter on behalf of a syndicate of underwriters, to buy 2.8 million shares at $7.13 each. The net proceeds will be used by the company for working capital and general corporate purposes.

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Martello Technologies Group Inc. (MTLO-X) says it has signed an agreement to receive a contribution of up to $2-million from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The funding, which has not yet been received by the company, will accelerate the development of a service-aware SD-WAN solution by Martello, including the hiring of 11 science, technology, engineering and mathematics employees in Canada, the company said.

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Namaste Technologies Inc. (N-X) says its Cannmart Inc. subsidiary has received its Access to Cannabis for Medical Purposes Regulations medical cannabis “sales-only” license, which it says is the first of its kind to be issued by Health Canada. “The License represents the most significant milestone in the history of the company and is the final component of its strategy for Cannmart to become Canada’s leading online platform for medical cannabis,” it stated in a release.

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The Supreme Cannabis Company (FIRE-X) reported fourth-quarter revenue of $3.6-million, up from $2.1-million a year earlier and ahead of expectations of $3.2-million. Its net income for the quarter ended June 30 was $230,000 compared to net income of $3.8-million for the same quarter last year.

The company also announced a realignment of its senior leadership "in order to further position the company for global growth and continued operational success."

It said CEO John Fowler will assume the role of president, while president Navdeep Dhaliwal will assume the role of CEO, effective at the end of the business day on Monday.

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"Mr. Fowler and Mr. Dhaliwal recommended the realignment to the Board, reflecting their belief that Mr. Fowler's intimate knowledge and expertise with infrastructure development and commercial cannabis operations is critical for the successful completion of the 7ACRES facility and launch in the recreational market," the company stated.

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Newstrike Brands Ltd. (HIP-X) says its Up Cannabis Inc. subsidiary has signed a supply agreement with MediPharm Labs Inc. Up Cannabis will supply MediPharm Labs with a total of up to 1,200 kg of excess cannabis product "in the form of flower and shake that will be used for the purposes of extraction and the creation of cannabis oil and/or distillate, the company said.

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Golden Leaf Holding Ltd. (GLH-CN) says its subsidiary Medical Marijuana Group Corporation, a licensed producer in St Thomas, Ontario received its sales license from Health Canada on Sept. 21, 2018. “The news is a significant milestone for the Canadian LP,” the company stated.

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RNC Minerals (RNX-T) says a new exploration drive at its Beta Hunt Mine intercepted and recovered visible coarse gold "providing further proof of concept that the structures containing the “Father’s Day Vein” discovery extend above the previously announced discovery.

"I am thrilled to provide this update, which extends the sediment structures 200 metres from the Father's Day Vein gold discovery in an area adjacent to existing mine infrastructure. This further validates the model that was developed by the hard work and perseverance of the Beta Hunt team," CEO Mark Selby stated.

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Eve & Co Inc. (EVE-T) says it has been included in the Horizons Marijuana Life Sciences exchange-traded fund (HMMJ-T).

“ Eve has achieved successes and made strides in production, expansions, branding and, with the addition of sales and extracts authorizations, licensing and we hope that the inclusion in this ETF will enable us to reach additional shareholders who may share our direction,” said CEO Melinda Rombouts.

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Maricann Group Inc. (MARI-CN) says it intends to change its name to Wayland Group Corp. On Tuesday, its ticker symbol on the Canadian Securities Exchange will be “WAYL”.

"The corporate renaming to Wayland Group supports the company’s ongoing global expansion and development of both medical and non-medical consumer brands," the company stated. "The company’s leadership team remains committed to foundational values of superior quality and world-class innovation at this milestone for the organization."

The proposed change is subject to certain conditions, including approval of the company’s shareholders, which the company intends to seek at its next meeting of shareholders expected to be held later this year.

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ECN Capital Corp. (ECN-T) says it has an agreement to sell railcar assets to affiliates of Trinity Industries Leasing Company for $360-million. Including transaction costs, the total after-tax loss will be approximately $29-million.

Upon completion of the sale, ECN says its total rail portfolio will be reduced by approximately 55 per cent to less than $350-million of assets "and further de-risked through the elimination of more than 80 per cent of owned tank cars and 100 per cent of the unjacketed DOT-111 tank cars.

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“The sale of ERL I marks the continued execution of the winddown of our legacy assets and ECN’s transition to a business services company providing origination, management and advisory solutions to U.S. financial institutions, "said Jim Nikopoulos, ECN Capital’s president. “This transaction will release approximately $85-million in equity capital for redeployment.”

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Pretium Resources Inc. (PVG-N; PVG-T) says it plans to repurchase 100 per cent of the callable 8-per-cent gold and silver stream at the end of 2018. The stream was sold by Pretivm as part of the construction financing package for the Brucejack Mine.

“Our quarter over quarter cash build since start-up has allowed us to elect to repurchase the precious metals stream without having to consider equity,” said Joseph Ovsenek, president and CEO of Pretivm. “With more than 339,000 ounces of gold produced at the Brucejack Mine in the first year of operation, Pretivm is now established as a low-cost, intermediate gold producer.”

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