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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.

Voyager Digital Ltd. (VOYG-T), a cryptocurrency platform in the U.S., reported revenue of US$164.8-million for its fiscal second quarter ended Dec. 31, up 4,400 per cent compared to US$3.5-million for the year-earlier period. The results beat expectations of US$147.4-million, according to S&P Capital IQ estimates.

Adjusted EBITDA is US$17.4-million versus $2.8-million a year earlier. Net income of US$2.5-million or a penny per share versus a loss of US$9-million or 7 cents a year earlier.


Neighbourly Pharmacy Inc. (NBLY-T), which owns a network of independent pharmacies, reported revenue for its third quarter ended Jan. 1 grew 27.3 per cent to $139.2-million versus a year earlier, driven by the addition of 41 pharmacies over the prior four quarters. The expectation was for revenue of $143.1-million, according to S&P Capital IQ.

The company reported a net loss for the third quarter of $700,000 compared to $112-million for the third quarter 2021.

Same-store sales for the third quarter 2022 increased by 2.2 per cent, “primarily due to a normalization of business volumes following the impact of COVID-19,” the company stated.


LifeSpeak Inc. (LSPK-T), which provides a wellness platform for employers, health plans and insurance companies, announced an agreement to acquire Minnesota-based Wellbeats Inc. for up to US$92.5-million. Wellbeats provides an on-demand, software-as-a-service (SaaS) physical wellbeing platform.

“The acquisition of Wellbeats significantly expands and diversifies the SaaS-based behavioural health and physical wellbeing solutions LifeSpeak can offer its customers and partners,” stated LifeSpeak CEO Michael Held said in a release.

The company said the deal includes an upfront payment of US$80-million in cash on closing, with the remaining US$12.5-million payable in cash in the form of an earnout on the achievement of predetermined 2022 milestones.


Vintage Wine Estates, Inc. (VWE.U-T) reported revenue of $83.6-million for its second quarter ended Dec. 31, up from $63-millio for the same quarter a year earlier. Analysts were expecting revenue of $83.6-million in the most recent quarter.

The company said the revenue growth was “driven by significant increases in volume across all segments.” The results include Vinesse, LLC acquired on Oct. 4 and ACE Cider, acquired on Nov. 16 last year.

Net income was $8.6-million or 14 cents per share versus net income of $7.8 million or 27 cents a year earlier.


Ascot Resources Ltd. (AOT-T) announced a $56-million bought deal financing.

The company said it has an agreement with a syndicate of underwriters co-led by Desjardins Capital Markets and BMO Capital Markets, to buy common shares and units of the company in four different combinations.

The net proceeds will be used for various costs at the company’s Premier Gold Project, including a portion that will go towards its exploration program.


Argonaut Gold Inc. (AR-T) announced a $45-million bought deal financing. It said it has an agreement with a syndicate of underwriters led by BMO Capital Markets that has agreed to buy 3.4 million Canadian Exploration Expense (CEE) and 13.8 million Canadian Development Expense (CDE) flow-through common shares on a bought deal basis by way of a private placement.

The company said it intends to use the net proceeds for continued exploration and development activities at its Magino project and for general corporate purposes.


Foraco International SA (FAR-T) announced it has been awarded a major contract with Rio Tinto Western Australia Iron Ore. for exploration and evaluation drilling services in the Pilbara region. The contract, valued at about US$110-million, is signed for three years firm plus two optional years extension. It will involve a total of seven rigs, most of them being remotely operated, the company stated.


The Alkaline Water Company Inc. (WTER-CNannounced revenue of US$15.1-million for its fiscal third quarter ending Dec. 31, which the company said was the second-best quarter for revenue in company history and reflect year-over-year growth of 57 per cent. The results were in line with expectations of US$15-million, according to S&P Capital IQ.

The net loss was US$10.7-million or 10 cents US per share versus a net loss of US$4.4-million or 6 cents US per share a year ago. Analysts were expecting a loss of 9 cents US per share.


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