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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.

The Supreme Cannabis Company, Inc. (FIRE-X) says its 7ACRES subsidiary has entered into supply agreements with the Nova Scotia Liquor Corp. and the PEI Cannabis Management Corp. to supply recreational cannabis to their respective retail stores beginning Oct. 17.

"We are excited to finalize these agreements with the provinces of Nova Scotia and Prince Edward Island," said John Fowler, CEO of Supreme Cannabis. "We expect to be one of Canada's few producers who will be in stores coast-to-coast when the Canadian recreational market kicks off on October 17th, and the only major producer to be listing exclusively as a premium offering."

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TerrAscend Corp. (TER-CN) says it incurred a net loss of $5.2-million or 5 cnets per share for the second quarter, compared with a net loss of $3.5-million or 12 cents per share for the same period last year.

"TerrAscend continued to execute on its business plan as we prepare for the sale of adult-use cannabis in Canada," said CEO Michael Nashat. "Our emphasis remains focused on investing in strategic assets and completing construction of the company's flagship EU-GMP compliant facility in Ontario."

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CannTrust Holdings Inc. (TRST-T) said it will absorb Ottawa’s excise tax on medical cannabis to “continue to put medical cannabis patients' needs first.”

Bill C-45, the Cannabis Act imposes a tax of the greater of $1 per gram or 10 per cent of the sale price of cannabis when recreational cannabis is legalized on Oct. 17. "Continuing its commitment to affordable medicine, CannTrust has announced that it will support its medical cannabis customers by continuing to offer competitive pricing of its quality medical cannabis and that the Company will absorb the increased cost as a result of the tax," the company stated.

CannTrust also says it’s encouraged its active medical cannabis customers “to take a stand” and sign a petition to remove the tax on medical cannabis.

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SDX Energy Inc. (SDX-X) reported second-quarter revenue of US$13.5-million, which was slightly above the expectation of US$13-million and up from US$9.9-million a year ago. Profit came in at US$600,000 versus a loss of US$400,000 a year earlier.

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EnWave Corp. (ENW-X) reported third-quarter revenue or $6.8-million, the highest-ever quarterly revenue for the company, up from $4.7-million a year earlier and ahead of expectations of $4.8-million. Its net loss was $104,000 or nil per share versus a loss of $529,000 or nil per share a year earlier.

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Maricann Group Inc. (MARI-CN) says it has entered into a non-binding term sheet to form a strategic joint venture with San Martino S.S., a large-scale agricultural company in Italy founded by Milan businessman Umberto Signorini.

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“Maricann and San Martino will develop a centre of excellence for cannabis products, in conjunction with the University of Eastern Piedmont, initially producing high CBD content for the medical market, and then ultimately THC product for the European market,” the company stated. “The formation of the joint venture remains subject to due diligence and the negotiation and execution of definitive documentation.”

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WeedMD Inc. (WMD-X) reported revenues of $2.1-million for the second quarter, up from $236,000 a year ago. Its loss was $1.8-million or 2 cents per share versus a loss of $4.8-million or 8 cents a year ago. Its adjusted loss was $2.2-million versus an adjusted loss of $4.7-million a year ago.

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Namaste Technologies Inc. (N-T) announced on Tuesday its new corporate strategy for the Canadian recreational cannabis marketplace. “Due to much uncertainty surrounding both federal and provincial roll-outs of recreational cannabis, Namaste remained focused solely on the medical cannabis market until such time that a more transparent framework was established,” the company stated. “Fast forward to today and it is clearly evident that there has been significant progress made with regards to the rules and regulations outlining the sale and distribution of recreational cannabis. As such, Namaste has made the decision to take a more proactive approach in an attempt to capitalize on several key areas of the recreational market.”

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Covalon Technologies Ltd. (COV-X) reported revenue of $7.9-million for its third quarter, up 34 per cente from a year ago. Net income was $2.2-million or 10 cents per share, compared to $541,346 or 3 cents per share last year.

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