Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
iAnthus Capital Holdings, Inc. (IAN-C) said Gotham Green Partners has invested an additional $20-million through the purchase of senior secured convertible notes from iAnthus. GGP’s investment is part of a broader $100.0-million financing plan “to support the buildout of all existing markets in which the company currently operates,” it stated.
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Well Health Technologies Corp. (WELL-X) announced the formation of Well EMR Group, a single entity encompassing its EMR assets to offer physicians across the country one place to go for all of their EMR needs.
"One of the key missions we had when entering healthcare was to break down the siloed approach that has hindered the ability for care to be delivered efficiently," said Hamed Shahbazi, CEO of Well Health. "By introducing a single nationwide group for our EMR initiatives, we want to elevate our efforts to drive enhanced innovation and security for doctors on our platform without the constraints of managing multiple regional brands, teams and code bases."
The newly formed group will immediately include Well's existing OSCAR assets of KAI Innovations, NerdEMR, OSCARprn, as well as any other acquisitions the company closes.
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Ascot Resources Ltd. (AOT-X) announced its common shares have been approved for listing on the Toronto Stock Exchange started on Oct. 1. The shares will be de-listed from the TSX Venture Exchange. Ascot’s trading symbol will remain “AOT”.
“We are very pleased to have reached this milestone as a company. As we continue to advance our Premier Gold and Red Mountain projects, graduating to the TSX is expected to provide greater visibility, provide increased access to capital and enhance liquidity for our shareholders”, said Derek White, CEO of Ascot.
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Cresco Labs Inc. (CL-C) announced that its three cultivation facilities in the state of Illinois have been approved for growing adult-use cannabis by the Illinois Department of Agriculture. “We are very pleased to receive the first adult-use cultivation approvals granted in Illinois, which speaks to our continued success in efficiently executing on our strategic priorities,” said Cresco Labs CEO and co-founder Charlie Bachtell.
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EnWave Corp. (ENW-X) announced that its board of directors has adopted a shareholder rights plan “to ensure, to the extent possible, that all shareholders of the company are treated fairly and equally in connection with any take-over bid or other acquisition of control of the company.”
The company said the rights plan has not been adopted in response to any specific take-over bid or other proposal to acquire control of the company and that it’s “is not aware of any such pending or contemplated proposals.”