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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.

Transat A.T. Inc. (TRZ-T) announced it’s in “preliminary discussions with more than one party concerning a potential transaction involving the acquisition of the corporation.” It said the discussions are “at a preliminary stage” and that “no decision has been made to any potential transaction.”

The company added that “these discussions result from expressions of interest received by the corporation,” and said it has formed a special committee of independent directors to evaluate the proposals, alongside financial and legal advisors. The company said it will also undertake a process for the formal review of strategic alternatives if “deemed advisable.”


Uni-Select Inc. (UNS-T) announced that Brent Windom, currently president and chief operating officer of the Canadian Automotive Group, has been appointed to the position of president and CEO, effective May 1.


Temple Hotels Inc. (TPH-T) announced a $37.5-million rights offering. The company said every one right will entitle the holder to subscribe for 0.5 common shares upon payment of the subscription price of $1.50 per common share, which it said is an approximate 20 per cent discount to the five-day volume-weighted average price on the TSX.

"Morguard Corporation has informed management of Temple of its intention to subscribe for its full basic subscription privilege under the rights offering," the company stated. It said the full basic subscription privilege of Morguard Corporation represents 17.7 million common shares or approximately 71.4 per cent of the offering.


The Flowr Corp. (FLWR-X) announced a non-brokered private placement of up to 2.4 million common shares at a price of $6.25 each to raise up to $15-million. The company said it expects to use the proceeds “for general working capital purposes, including for the funding of [the] construction of certain operations of Holigen Holdings Limited,” a European-based cannabis company.


MTY Food Group Inc. (MTY-T) announced that one of its wholly-owned subsidiaries has signed an agreement to acquire the assets of Allô! Mon Coco, a chain of gourmet breakfast and lunch restaurants. The price wasn’t disclosed in the release. The Allô! Mon Coco network has 39 franchised restaurants, including 38 in Quebec and one in Ontario, the company stated.

"MTY is very excited to have the opportunity to add another young, dynamic and distinctive breakfast chain to its portfolio. Allô! Mon Coco has had great success in the past and it has a great potential for further growth in the future," stated MTY CEO Eric Lefebvre.


Stuart Olson Inc. (SOX-T) announced that it has been awarded approximately $150-million in new contracts.

“These new contract awards are significant wins for both our Buildings and Industrial Groups,” said CEO David LeMay. “The Buildings Group awards in the public and private sectors are a reflection of our strength in Alberta, and our strong relationships with repeat clients. The Industrial Group secured a new MSA [master services agreement] that demonstrates the value and synergies we are able to obtain from our acquisition of Tartan by bringing full-service maintenance capability to industrial clients across Canada.”


Poet Technologies Inc. (PTK-X) reported revenue for the fourth quarter of 2018 was US$1.6-million, compared with US$700,000 in the fourth quarter of 2017. “The increase in fourth-quarter revenue primarily reflected a combination of higher product sales and non-recurring engineering,” the company stated.

Its net loss before taxes was US$3.7-million or a penny per share, compared with a loss of US$2.9-million or a penny per share in the fourth quarter of 2017.


Richards Packaging Income Fund (RPI.UN-T) reported revenue of $81.9-million in the first quarter up from $74.6-million a year earlier. Net income was $4.6-million versus net income of $6.1-million a year earlier, according to its documents filed on

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