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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.

CanWel Building Materials Group Ltd. (CWX-T) said it closed bought deal offering of senior unsecured notes at a price of $1,000 each for total gross proceeds of $60-million. The net proceeds are expected to be used for the repayment of bank debt and for general corporate purposes, the company stated.

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HBC (HBC-T) said it has amended its lease for the Hudson’s Bay location at Oakridge Centre in Vancouver an that, in exchange for certain concessions and approvals related to the redevelopment of Oakridge Centre, HBC has received $151.5-million It said the money has been used to help pay down its revolving credit facility.

As part of the amendment, HBC agreed to relocate the store to a new location within the redeveloped Oakridge Centre, where it will remain a retail anchor and pay similar rent as its existing lease.

“Construction of the new location is expected to be completed in 2022, at which time HBC will receive an additional $21 million to outfit the new store, which is expected to open in 2023. The current location is expected to remain open and serve customers throughout the redevelopment,” it stated.

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Namaste Technologies Inc. (N-T) issued a statement about what it calls “several misleading and false ‘research reports’ published” by short seller Citron Research Inc. as well as press releases and advertisements distributed by several U.S.-based law firms it said are seeking plaintiffs for potential securities litigation against the company.

"The company wishes to respond to these claims and inform shareholders that its NASDAQ application is progressing but has not yet been accepted or approved, that the company's sale of its U.S. assets was not to a 'related party' and was not a 'related party transaction' as defined under applicable Canadian securities laws and that other assertions made by Citron are equally inaccurate and misleading," it stated in a release.

“To the Company’s knowledge, only one U.S. federal securities action has been commenced, although the company has not yet been served. Moreover, the Company understands that US law would require consolidation of any further federal court litigation, and the flurry of press releases and advertisements does not mean there will be myriad lawsuits. The Company intends on vigorously defending these claims.”

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Ceres Global Ag Corp. (CRP-T) announced a settlement agreement of a pending lawsuit filed by The Scoular Company against Ceres in the United States District Court of the District of Minnesota.

"As previously disclosed, Scoular had sought injunctive relief and damages relating to the proposed joint development and construction of a grain facility at the company's Northgate Commodity Logistics Centre," it stated in a release.

As part of the settlement, the company will pay US$11.25-million in cash to Scoular and Scoular will release all claims against Ceres relating to the subject matter of the lawsuit.

"The settlement includes reimbursement for contributions made during the development of Northgate," the company stated. Ceres said it had already taken a US$3-million reserve against a potential liability in connection with this lawsuit and will take a loss of US$8.25-million.

"Settling this case enabled Ceres to avoid significant trial litigation costs and eliminate risks associated with a trial by jury," said Robert Day, CEO at Ceres.

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RYU Apparel Inc. (RYU-X) said it has successfully protected its registration over its RYU trade-mark registrations in Canada, including the RYU logo. The company said it also has trade-mark registrations in the U.S., China and Hong Kong.

"Lululemon Athletica Inc. has advised that it does not intend to expunge any RYU trade-mark registrations of the company that may be issued from the Canadian Intellectual Property Officer, including the RYU (stylized) trade-mark or oppose the current trade-mark applications for the RYU Marks," the company stated.

The legal matter started in March 2017 after the company advertised its application for the RYU (stylized) trade-mark on the January 2017 edition of the Trade-marks Journal.

"We will always protect our intellectual property and we are proud to own the RYU Marks," stated Marcello Leone, CEO of RYU. "The word respect is in our name and at the heart of our values and it is the purpose of our movement."

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Park Lawn Corp. (PLC-T) announced the purchase of Wells Funeral Homes and Cremation Services, a two-location funeral business in Waynesville and Canton, North Carolina.

The purchase was financed using the company's existing credit facility, it stated. "The purchase price multiple is within PLC's publicly-stated targeted EBITDA multiple range," it added.

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TerrAscend Corp. (TER-CN) announced that it intends to “explore and pursue growth opportunities in the U.S., including potential acquisitions of operators in states that have legalized cannabis for therapeutic or adult-use.”

To support its new strategy, the company has entered into an agreement with Canopy Growth Corp. (WEED-T), as well as a subsidiary of Canopy Rivers Inc. (RIV-X) and entities controlled by Jason Wild, chairman of the company to reorganize the capital. It will also obtain waivers of “certain contractual covenants” that now restricting TerrAscend from operating in the U.S.

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Concordia International Corp. (CXR-T) said it plans to change its name as part of a global rebrand “in support of its strategy and vision.” Subject to stock exchange and shareholder approvals, the company intends to rebrand as “ADVANZ PHARMA” during the fourth quarter of 2018.

It said the company will "re-focus on delivering sustainable value across its portfolio of specialty generic and legacy branded, off-patent medicines."

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