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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.

Detour Gold Corp. (DGC-T) reported revenue for the second quarter of $191.8-million on the sale of 146,856 ounces of gold at an average realized price of US$1,305 per ounce. Analysts were expecting revenue of $198.4-million.

The results compare to revenue of $180.1-million on the sale of 142,970 ounces at an average realized price of US$1,257 for the same quarter a year earlier.

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Net earnings for the second quarter were $8.8-million or 5 cents per share compared to $24.4-million or 14 cents a year ago.

**

Canfor Pulp Products Inc. (CFX-T) reported second-quarter sales of $396.4-million versus $280.9-million a year earlier.

Net income was $63-million or 97 cents per share versus $20.2-million or 31 cents per share a year ago.

The results beat analysts' expectations of sales of $344-million and earnings of 81 cents per share in the most recent quarter.

**

Mullen Group Ltd. (MTL-T) says its second-quarter revenue increased by $22.1-million, or 8.1 per cent, to $295.7-million. Net income came in at $13.9-million or 13 cents per share down from $9.9-million or 19 cents a year ago.

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The results beat analysts' expectations that revenue would come in at $287.5-million in the second quarter of 2018 and earnings would be 12 cents per share.

The company also announced a capital budget increase of $20-million to $60-million. "This increase in the capital budget is a direct result of recent positive announcements regarding the oil and natural gas sector along with some accretive investment opportunities within the OFS [oilfield services ] segment," the company stated.

**

Golden Leaf Holdings Ltd. (GLH-CN) said it received a state licence to operate its extraction facility in Portland, Oregon. “After a long and arduous licensing and permitting process, the required modifications to the extraction facility were completed, and the facility was approved to extract cannabis oil,” the company stated.

**

MPX Bioceutical Corp. (MPX-CN) said it filed a revised and restated Management’s Discussion and Analysis (MD&A) for the three- and nine-month periods ended Dec. 31, 2017, following a request from the Ontario Securities Commission.

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"The revised MD&A provides additional disclosures related to the company’s operations in the United States cannabis industry and corrects typographic and grammatical issues," the company stated. It also provides "enhanced disclosure" of its material assets and investments in the U.S., as well as disclosures regarding the regulatory framework in each U.S.jurisdiction in which the company operates, among other updates.

The update also includes “updates and clarifications” in the company’s financial statements for the nine months ended Dec. 31, 2017.

**

Ag Growth International Inc. (AFN-T) has acquired France-based Sabe Group Companies, a provider of processing solutions to the food, pet food, animal feed, fertilizer and biomass industries.

"Sabe serves a global client base and has a turnkey approach that typically involves engineering, project management, manufacturing of equipment, and installation, the company stated. “Sabe joins Mitchell Mill Systems and Danmare as recent additions to AGI’s growing Food platform.”

**

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Cascades Inc. (CAS-T) has acquired the White Birch, Bear Island manufacturing facility in Virginia, for US$34.2-million in cash.

It said the newsprint paper machine on the site will be reconfigured to produce "high-quality recycled lightweight linerboard and medium for the North American market."

“This project is directly in line with the goals of our strategic plan which include, among other things, investing in our core sectors of packaging and tissue through modernization, and expanding our geographical footprint,” stated Mario Plourde, CEO of Cascades.

**

New Gold Inc. (NGD-T; NGD-A) reported a loss from continuing operations of US$301.6-million or 52 cents per share in the second quarter versus a profit of US$17.8-million or 3 cents a year earlier. The most recent quarter included an impairment loss of US$282-million or 49 cents per share.

Revenue was US$195.3-million in the quarter versus US$143.8-million a year earlier and below expectations for revenue of US$232.1-million.

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The company also lowered its 2018 annual production guidance for its Rainy River mine.

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Extendicare Inc. (EXE-T) says Tim Lukenda will be stepping down from his positions as president and CEO and director of the company by the end of the year. The board has started a search for a replacement.

**

Novagold Resources Inc. (NG-T) is selling its 50-per-cent stake in the Galore Creek Project to Newmont Mining Corp. (NEM-N) for US$275-million. Teck Resources Ltd. (TECK-B-T), which owns the other 50 per cent, waived its right-of-first-refusal to acquire the interest in the project, the company said.

“Novagold has remained steadfast on its stated strategy of monetizing its interest in Galore Creek at a value that recognizes the scarcity of this important asset and to a purchaser that will continue to advance the project in a technically sound as well as environmentally and socially responsible manner,” stated CEO Greg Lang in a release. “Our patience has been rewarded. ... Novagold is receiving fair value for its interest in Galore Creek and believe that Newmont is the right organization to carry forward the track record of excellence that we have achieved with our partners over the years."

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Emblem Corp. (EMC-X) plans to acquire the rest of Natura Naturals Inc. it doesn’t already own for $25-million in cash, $12.5-million in mortgage financing and 26 million common shares.

“Through the due diligence process of investigating Natura as a supply partner, we uncovered significant synergies between the two organizations” said Nick Dean, CEO of Emblem Corp.

Natura operates a licensed greenhouse currently undergoing a phased conversion and retrofit.

Emblem said it will suspend greenhouse construction plans at their Paris Road location, in light of the transaction.

**

Kruger Products L.P., in which KP Tissue Inc. (KPT-T) hold a limited partnership interest, says it will increase the price of its consumer branded tissue products sold in Canada effective Oct. 14. “The increase is required to offset unprecedented and sustained cost increases on input materials and freight with pulp costs being up over 23 per cent since our last pricing announcement in July 2017,” the company stated.

**

Precision Drilling Corp. (PD-T) reported second-quarter revenue of $331-million, an increase of 14 per cent over the prior year comparative quarter and above analysts' expectations of $320.7-million.

Its net loss was $47-million or 16 cents per share compares to a net loss of $36-million or 12 cents per share in the second quarter of 2017. Analysts were expecting a loss of 13 cents.

“Precision’s strong second quarter results were driven by continued growth in North American activity, having achieved our highest U.S. market share to date," stated CEO Kevin Neveu. "Additionally, we captured higher day rates and margins in both markets. We attribute our market share gains and sequential rate increases to customers’ intense focus on capital efficiency which leads them to contract the best performing and most efficient drilling rigs and crews, lowering total well-pad cost.”

**

Baylin Technologies Inc. (BYL-T) says its Alga Microwave subsidiary has received an order for more than $500,000 from a NATO customer for its satellite communication based block up converters.

**

CRH Medical Corp. (CRH-T; CRHM-A) has acquired a 51-per-cent interest in a gastroenterology anesthesia practice in Washington State. “Lake Washington provides anesthesia services to four GI ambulatory surgical centers and is CRH’s first acquisition in the state of Washington,” the company stated. It said the transaction was financed through a combination of CRH’s credit facility and cash on hand.

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