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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.

Reitmans Canada Ltd. (RET.A-T) reported a fourth-quarter net loss of $8.9-million or 14 cents per share as compared with a net loss of $2-million or 3 cents per share for the fourth quarter of fiscal 2018. “The increase in net loss of $6.9- million is primarily attributable to the increase in net finance costs and the decrease in income tax recovery,” the company stated.

Sales for the fourth quarter were $226.9-million, as compared with $264.2-million for the fourth quarter of fiscal 2018. The company said the decrease "is primarily attributable to a net reduction of 42 stores and the sales impact of having an additional week in the fourth quarter of 2018 of approximately $19.2-million."

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Premier Gold Mines Limited (PG-T) announced an option agreement with Americas Silver Corp. (USA-T) to acquire the San Felipe Property, located 55 kilometres from its Mercedes Mine in Mexico. Hochschild plc is the underlying owner of the San Felipe Property.

"San Felipe represents a strategic asset, adding resources and providing a near-term development opportunity in close proximity to an existing operation," stated CEO Ewan Downie. "We will assess options to bring San Felipe to production to complement existing production in Mexico".

Premier will pay America’s Silver US$7-million on closing, and make additional payments of US$1.9-million “upon the making of a positive construction decision and then upon achieving commercial production.” Premier said it will also make eight quarterly payments of US$750,000 to Hochschild.

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Village Farms International, Inc. (VFF-T; VFF-Q) announced a $20-million bought-deal offering. It has an agreement with a syndicate of underwriters which have agreed to purchase 1 million shares at $20 each. The company said it intends to use the net proceeds for working capital purposes, including the growth capital needs of the company’s U.S. hemp business.

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Theratechnologies Inc. (TH-T) reported first-quarter revenue of US$15.1-million compared to US$8.1-million for the same period ended February 28, 2018. Its net loss was US$1.2-million or 2 cents per share compared to a net loss of US$2.1-million or 3 cents per share for the same period last year.

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Goodfood Market Corp. (FOOD-T) reported second-quarter revenue of $36.6-million, up from $15.7-million in the same quarter a year earlier. Its net loss was $6.6-million or 13 cents per share compared to a loss of $2.4-million or 5 cents per share a year earlier. Analysts were expecting revenues of $38.8-million and a loss of 8 cents per share.

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Knight Therapeutics Inc. (GUD-T) announced the filing of its management information circular for its annual meeting on May 7, which includes its recommendation regarding director nominees and “addresses activist shareholder and director Meir Jakobsohn’s risky strategy and self-interested attempt to take control of the company.”

Knight said Mr. Jakobsohn plans to seek control of the board with a slate of six nominees. “As previously noted by Knight, Mr. Jakobsohn’s interests are not aligned with Knight shareholders,” the company stated. “His focus is on accessing Knight’s cash to place risky bets on early stage pharmaceuticals effectively converting Knight into a venture capital fund.”

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