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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.

Aritzia Inc. (ATZ-T) reported first-quarter revenue of $167-million, up 15 per cent from $145-million a year ago. The company said same-store sales grew 10.9 per cent, “resulting from continued momentum in the company’s e-commerce business as well as strong performance in the stores.” It said net revenue growth “also reflects the addition of six new stores and eight expanded or repositioned stores since the first quarter of fiscal 2018.”

Net income increased by 51 per cent to $12.3-million. Adjusted net income increased 22 per cent to $15.2-million or 13 cents per share compared to $12.5-million or 11 cents a year earlier. Analysts were expecting revenue of $164.3-million and adjusted earnings per share of 11 cents in the latest quarter.

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Park Lawn Corp. (PLC-T) says it has increased its borrowing capacity by $25-million to $150-million. “The additional credit will provide PLC with further flexibility as it continues to pursue its growth strategy,” the company stated. “In particular, the revolving credit facility is expected to continue to support PLC’s ability to capitalize on organic projects and acquisition opportunities as they arise, while maintaining a prudent approach to leverage.”

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Ceres Global Ag Corp. (CRP-T) says its Riverland Ag Corp. subsidiary has acquired Nature’s Organic Grist, LLC, a supplier of organic and ancient grains, milled flours, and feed products. “The acquisition will be funded from existing working capital,” the company said.

It said cash cost of the acquisition in fiscal 2018-19 is approximately $2.8-million, “with the potential for further payments to Nature’s Organic Grist’s former owner based on the future performance of the business.” The company said Nature’s Organic Grist will continue to operate under its current name as a subsidiary of Ceres.

“The addition of Nature’s Organic Grist broadens Ceres’ portfolio of products and services, and reinforces our vision to be the most trusted and valued partner to quality-conscious customers,” said CEO Robert Day in a release.

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theScore Inc. (SCR-X) reported third-quarter revenue of $7.2-million compared to $6.4-million in the same period last year. Its net loss was $894,000 or nil per share versus a loss of $3-million or a penny per share last year. Analysts were expecting revenue to come in at $6.8-million in the latest quarter.

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Invictus MD Strategies Corp. (GENE-X) says it has signed a Memorandum of Understanding with the B.C. Liquor Distribution Branch to supply the province with a selection of premium cannabis products for the upcoming recreational marketplace. “As a company with operations in B.C., Invictus is immensely proud to have been selected to provide the LDB with quality cannabis products ahead of legalization on Oct. 17, 2018,” said CEO Dan Kriznic.

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AgJunction Inc. (AJX-T) says it has settled a patent infringement lawsuit it filed against Raven Industries Inc. in January of this year. “The suit alleged Raven products violated three AgJunction patents related to automated mechanical steering, implement steering and system calibration technologies,” the company stated.

Raven and AgJunction reached a “mutually agreeable no-fault business solution, whereby Raven is granted a non-exclusive license to a significant portion of AgJunction’s extensive patent portfolio, and the litigation is resolved,” the company added. “Under the agreement, both companies will continue to pursue their varied commercial interests.”

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Goodfood Market Corp. (FOOD-T) said its third-quarter revenue grew 246 per cent to $22.2-million compared to $6.4-million for the same period last year.

Its net loss was $1.6-million versus a loss of $1.2-million a year earlier. Its adjusted net loss was $1.6-million or 3 cents per share compared to an adjusted net loss of $900,000 or 3 cents last year.

Analysts were expecting revenue to come in at $20.2-million and a loss of 4 cents per share.

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Firan Technology Group Corp. (FTG-T) reported sales of $28.9-million in the second quarter, an increase of 13 per cent over the same quarter last year. Net earnings were $1.3-million or 5 cents per share versus $124,000 or a penny per share last year.

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“The second quarter of 2018 began to demonstrate the earnings benefits from our acquisitions in 2016,” stated CEO Brad Bourne. “While we continued to experience some increased costs in the quarter related to the transition, we also achieved a dramatic improvement in our net earnings and cash flow.”

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Baylin Technologies Inc. (BYL-T) says its Dorval, Que. subsidiary, Advantech Wireless Technologies Inc. has received an order for more than $1-million from a military customer for its satellite communication block-up converters.

“Our customers appreciate the exceptional linearity and operating efficiency our products offer. The GaN X-band line of solid state power amplifiers (SSPAs) is extremely versatile and provides small form factor units for mobile applications, medium power for maritime use and high power for large teleport applications,” said Randy Dewey, CEO of Baylin Technologies Inc.

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CannaRoyalty Corp. (CRZ-CN) says it has acquired the exclusive rights to distribute and manufacture Pacific Remedy LLC’s infused pre-rolls in California. The Agreement also provides CannaRoyalty with the option to purchase global brand rights for the pre-roll manufacturer.

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Pacific Remedy is a California-based brand with products in 13 cannabis dispensaries throughout the Bay Area and Southern California. “Subsequent to this agreement, Pacific Remedy will be able to sell its premium product through CannaRoyalty’s distribution network, which covers the majority of California’s approximately 500 licensed dispensaries,” the company stated.

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Trinidad Drilling Ltd. (TDG-T) reported increasing activity levels across its operations and announced the acquisition of GMXSteering, a completion optimization software product for US$2-million.

“The acquisition of GMXSteering further expands Trinidad’s technology platform,” the company stated. “It also follows the company’s strategy of leveraging technology with its existing fleet to generate strong returns with lower capital investment.”

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PetroShale Inc. (PSH-X) says it’s buying light oil-weighted assets in the North Dakota Bakken area for US$55-million.

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Concurrent with the acquisition, PetroShale has entered into an agreement for a $40-million bought deal financing through a syndicate of underwriters, which have agreed to purchase 21.6 million subscription receipts at a price of $1.85 each.

PetroShale also said it has received commitments from two key investors, Bruce Chernoff and FR XIII PetroShale Holdings L.P. to invest $10-million through a concurrent private placement of 5.5 million subscription receipts at the same price. Mr. Chernoff is the executive chairman of the company.

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Petroteq Energy Inc. (PQE-X) says it has submitted its formal application to list the company’s common stock in the U.S. on the Nasdaq Capital Market.

“We believe that a Nasdaq listing will help unlock some of the shareholder value we are trying to create for our stakeholders,” said CEO David Sealock.

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Nautilus Minerals Inc. (NUS-T) says it has received a loan from Deep Sea Mining Finance Ltd. for US$650,000. It said the loan is part of the previously announced loan agreement between the company, two of its subsidiaries and the lender which provides for a secured structured credit facility of up to US$34-million.

The company says it has issued to the lender an additional 2.8 million warrants in connection with the US$650,000 loan. Each such warrant entitles the lender to purchase one common share of the company at 17 each for a period of five years from the date of issuance of the warrant.

To date, the company has issued a total of 56.7 million share purchase warrants to the ender in connection with loans totaling US$13.2-million.

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