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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.

Héroux-Devtek Inc. (HRX-T) said its sales grew 5.6 per cent to $166.8-million in its fourth-quarter ended March 31, up from $157.9-million last year

Its net loss was $72.1-million or $1.98 per share versus a profit of $12-million or 34 cents a year ago. Adjusted EPS came in at 38 cents versus 36 cents a year earlier.

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Analysts were expecting revenue of $161.2-million and adjusted EPS of 30 cents.

**

Lightspeed POS Inc. (LSPD-T) says it lost US$18.6-million in its latest quarter and revenue increased 70 per cent compared with a year ago as demand for its e-commerce offerings soared in the wake of the pandemic.

However, the retail payment technology firm said it expects the total dollar volume of transactions by its customers and demand for its services will be impacted and business failures among its customers, which includes restaurants and retailers, will increase so long as physical distancing measures remain in place in the core markets it serves.

Montreal-based Lightspeed, which keeps its books in U.S. dollars, made the comments as it reported its loss amounted to 21 cents per diluted share for the quarter ended March 31.

That compared with a loss of US$96.1-million or US$2.21 per diluted share a year ago when the company saw a large one-time charge related to its preferred shares which converted into common shares prior to its initial public offering.

Revenue for what was the company's fourth-quarter totalled US$36.3-million, up from US$21.3-million a year earlier.

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Lightspeed had 76,500 customer locations at the end of March, up from 49,000 at the same time last year.

-The Canadian Press

**

Canfor Corp. (CFP-T) announced it will be closing its Isle Pierre sawmill near Prince George, B.C., in the third quarter “following an orderly wind-down of operations.”

The company said the closure is a result of "an insufficient supply of economically viable timber following the Mountain Pine Beetle epidemic, coupled with the major global economic downturn as a result of the COVID-19 pandemic."

**

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Canfor Pulp Products Inc. (CFX-T) announced the curtailment of Prince George Pulp and Paper and Intercontinental Pulp for approximately four weeks starting July 6, citing “the major global economic impacts of the COVID-19 pandemic and the shortage of economically viable fibre in the region.”

**

Aurora Cannabis Inc. (ACB-N; ACB-T) announced it plans to buy Reliva LLC, a seller of hemp-derived CBD products in the United States.

Reliva stakeholders will receive approximately US$40-million of Aurora common shares. The transaction also includes a potential earn-out of up to a maximum of US$45-million payable in Aurora shares, cash or a combination, over the next two years "contingent upon Reliva achieving certain financial targets," the company stated.

**

The Green Organic Dutchman Holdings Ltd. (TGOD-T) announced a $15-million bought-deal offering. It has an agreement with Canaccord Genuity Corp. which has agreed to purchase 37.5 million units at a price of 40 cents each.

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Each unit includes one common share and one common share purchase warrant, exercisable at a price of 50 cents per warrant for 48 months. The company said it intends to use the proceeds for general corporate purposes.

**

Harvest Health & Recreation Inc. (HARV-C) reported first-quarter revenue of US$45-million, an increase from US$19.2-million in the first quarter of 2019.

Its net loss was $20-million or 7 cents US per share, which was in line with expectations and compared to a net loss of US$20-million or 7 cents US in the first quarter of 2019.

**

Bird Construction Inc. (BDT-T) announced it has been awarded two new projects it says will add a combined $164 million to backlog.

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The company said one project is a construction management services contract for 185 Enfield Place Project in Mississauga for approximately $107-million for GWL Realty Advisors. The second is a stipulated sum contract for the Louvre Residence at Century Park Project in Edmonton for about $57-million under development by Procura Real Estate Services Ltd.

**

Quarterhill Inc. (QTRH-T) reported first-quarter revenue of $26-million, compared to $53-million a year ago and ahead of expectations of $23.3-million.

Its net loss was $5.1-million or 4 cents per share, compared to a net loss of $47,000 or nil per share a year ago. Analysts were expecting a loss of 2 cents.

**

Polaris Infrastructure Inc. (PIF-T) reported revenue of $20.3-million in the first quarter, up from $18.6-million a year earlier.

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Earnings came in at $4.4-million or 27 cents compared to $3.4-million or 21 cents a year ago.

Analysts were expecting revenue of $21.3-million and earnings of 29 cents.

**

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