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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.

NFI Group Inc., (NFI-T) reported first-quarter revenue of US$567-million down from US$578.7-million a year earlier and ahead of expectations of US$552.3-million. Net income was US$16.1-million or 26 US cents per share versus US$30.4-million or 57 US cents a year earlier. Analysts were expecting EPS to come in at 42 cents.

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Morneau Shepell Inc. (MSI-T) reported that its first-quarter revenue increased by 22 per cent to $204.7-million compared to a year earlier. Profit was $8.7-million or 13 cents per share down from $14.2-million or 26 cents a year ago. “The decline in profit for the period is directly attributable to LifeWorks-related acquisition expenses of $9.1-million, including $7.4-million in intangibles amortization,” the company stated. Analysts were expecting revenue of $208-million and earnings of 21 cents per share.

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Pollard Banknote Limited (PBL-T) reported first-quarter sales of $97.5-million up from $80.3-million a year earlier. Net income was $8-million or 31 cents per share up from $4.5-million or 18 cents a year earlier. Analysts were expecting earnings of 25 cents per share and revenues of $93.1-million.

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DIRTT Environmental Solutions Ltd. (DRT-T) reported revenue of $86.3-million in the first quarter which was in line with expectations and compared to $80.7-million a year ago. Its net loss of $7.8-million or 9 cents per share versus net income of $3.6-million or 4 cents per share a year ago.

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Sienna Senior Living Inc. (SIA-T) reported first-quarter revenue increased by 12.6 per cent to $163.7-million versus a year earlier and ahead of expectations of $159.5-million. Net income was $442,000 down from $1-million a year earlier.

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Transat A.T. Inc. (TRZ-T) announced that the Quebec Superior Court issued a final order approving the previously announced plan of arrangement that allows the company to “increase permitted foreign ownership levels to the levels permitted under the Canada Transportation Act.”

Prior to the amendments, the company said more than 25 per cent of the voting interests of a Canadian air carrier or holding company could be owned or controlled by non-Canadians. The company said Ottawa is aiming to attract more foreign investment and encourage growth in the aviation sector by increasing it to 49 per cent from 25 per cent.

The company said last month that it's evaluating unsolicited takeover offers and is in “preliminary discussions with more than one party,” but added that “no decision has been made as to any potential transaction.”

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ECN Capital Corp. (ECN-T) reported a net loss of $22.9-million in the first quarter versus a profit of $3.3-million for the same period last year. Originations were $419.2-million compared to $335.7-million for the same period last year, the company stated.

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The company also said CEO Steven Hudson has agreed to extend his employment contract to 2023 and that Jim Nikopoulos retired as president effective Wednesday, May 8.

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Neptune Wellness Solutions Inc. (NEPT-Q; NEPT-T) announced it plans to acquireSugarLeaf Labs, LLC and Forest Remedies LLC, a registered North Carolina-based commercial hemp company providing extraction services and formulated products for an initial US$18 million in cash and shares. “By achieving certain annual adjusted EBITDA and other performance targets, additional consideration of up to US$132 million would be paid over each of the next three years as a combination of cash and shares for a maximum aggregate purchase price of up to US$150 million,” the company stated.

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Fiera Capital Corp. (FSZ-T) reported first-quarter revenue of $142.8 million, an increase from $120-million for the same period last year. The company reported a net loss of $6.6-million or 7 cents per share compared to a net loss of $2.2-million or 2 per share for the same quarter last year. Adjusted net earnings totalled $24.9-million or 26 cents per share versus $21.7-million or 24 cents per share in the first quarter of 2018. Analysts were expecting revenue of $137.3-million and adjusted EPS of 24 cents.

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Cineplex Inc. (CGX-T) raised its dividend as it reported a first-quarter loss of $7.4 million as fewer people went to the movies. The theatre company says it will now pay a monthly dividend of 15 cents per share for a total of $1.80 per share on an annual basis, up from 14.5 cents per month for a total of $1.74 on an annual basis.

The loss amounted to 12 cents per share for the quarter ended March 31 as the company made an accounting change related to its lease payments. The result compared with a profit of $15.2 million or 24 cents per share in the first quarter of last year. Revenue fell to $364.9 million compared with $390.9 million in the first quarter of 2018, when Cineplex benefited from the release of Black Panther in theatres.

Theatre attendance in the quarter was down 15.6 per cent compared with a year ago, while box office revenue per patron edged up to $10.44 compared with $10.21 a year ago. Concession revenue per patron also rose to $6.35 compared with $6.09 in the first quarter last year.

-The Canadian Press

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Superior Plus Corp. (SPB-T) reported net earnings of $158.7-million or 91 cents per share in the first quarter, which up from $45-million or 32 cents a year earlier. Analysts were expecting earnings of 66 cents. The company said the earnings were higher “primarily due to an increase in revenue and gross profit as well as a realized gain on derivative financial instruments compared to a realized loss in the prior-year quarter.” Revenue came in at $1-billion, which was in line with expectations and up from $874.9-million a year ago.

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Jamieson Wellness Inc. (JWEL-T) said its first-quarter revenue increased 8.7 per cent year-over-year to $72.6-million, which it said was driven by a 62-per-cent growth in Strategic Partners, with slightly lower Jamieson Brands revenue quarter-over-quarter as expected." Analysts were expecting revenue of $68.6-million. Net income was $5.4-million compared to $4.6-million in the first quarter of 2018.

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Alcanna Inc. (CLIQ-T) reported first-quarter sales of $150-million up from $129.1-million a year ago. Its net loss for the period was $9.3-million or 24 cents per share versus a loss of $1.8-million or 6 cents a year ago. Analysts were expecting a loss of 14 cents and revenue of $141.4-million.

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Stelco Holdings Inc. (STLC-T) announced that its wholly-owned subsidiary, Stelco Inc. has completed the acquisition of the remaining approximately 37 acres of land, which includes industrial and office space adjacent to Stelco’s Hamilton Works operations for $200million. The company said the acquisition “completes the return to Stelco of control over all of the Hamilton Works lands previously held by it prior to the commencement of the CCAA proceedings.”

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AirBoss of America Corp. (BOS-T) announced an agreement to form a new defense business, AirBoss Defense Group, through the merger of its AirBoss Defense business and other operations in Acton Vale, Quebec with Critical Solutions International, Inc. “CSI is a privately-owned U.S.-based company and is the leading global supplier of route clearance vehicles, countermine capability and survivability products to U.S. and foreign military forces,” the company stated.

AirBoss said it will contribute the shares of AirBoss Engineered Products Inc. and the membership interests of Immediate Response Technologies, LLC to newly formed Canadian and U.S. entities that will form AirBoss Defense Group. It also said Critical Solutions Holdings Inc. will contribute all of the shares of CSI to the newly formed business.

AirBoss said its contribution is valued at US$100-million and CSH's contribution is valued at US$32.7-million. In consideration, AirBoss will receive 55 per cent of the equity in AirBoss Defense Group and US$60-million and CSH will receive 45 per cent of the equity interest in AirBoss Defense Group.

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Knight Therapeutics Inc. (GUD-T) reported first-quarter revenues were approximately $3-million, down 6 per cent versus the same quarter last year. Net income was $5.2-million or 4 cents per share down from $6.9-million or 5 cents a year ago. Analysts were expecting earnings of 4 cents and revenue of $3.6-million.

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