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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.

High Liner Foods Inc, (HLF-T) announced it will reduce its quarterly dividend to 5 cents per common share or 20 cents on an annual basis. That’s down from its latest payment of 14.5 cents per share. The company said the cut is part of a plan to increase cost savings to reduce debt. “The increased cost savings and reduced dividend will improve cash flow and allow the company to continue to reduce its debt in 2019,” the company stated.

The company also said its first-quarter sales decreased to US$277.4-million compared to US$319.2-million a year earlier. Net income increased to US$14.8-million or 43 cents US per share compared to US$10.3-million or 31 cents US a year earlier. Adjusted net income increased to US$14.9-million or 44 cents US compared to US$10.7-million or 32 cents US a year ago.

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Analysts were expecting revenue of US$299.4-million and adjusted EPS of 26 cents US in the latest quarter.

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Badger Daylighting Ltd. (BAD-T) reported a first-quarter profit of $6-million or 16 cents per share compared to $8.1-million or 22 cents a year earlier. Revenue was $146.6-million compared to $120.6-million a year ago. Analysts were expecting revenue to come in at $138.3-million and earnings of 22 cents per share in the latest quarter.

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The Supreme Cannabis Company Inc. (FIRE-T) reported revenue of $10-million for its third quarter ended March 31, which it said was a 382-per-cent increase from $2.1-million a year earlier. Its net loss was $7.1-million or 2 cents per share versus a loss of $3.4-million or a penny per share a year ago. Analysts were expecting revenue to come in at $11.4-million and a loss of a penny per share in the most recent quarter.

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Clarke Inc. (CKI-T) reported net income attributable to equity holders of $37.4-million in the first quarter compared with $2.1-million for the same period in 2018. The company said it had unrealized gains on its investments of $4-million in the first quarter compared to $2.1-million for the same period in 2018. It also realized gains on its investments of $12.5-million for the three months ended March 31, compared with nil for the same period in 2018.

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SIR Royalty Income Fund (SRV.UN-T) reported pooled revenue was $67-million in the first quarter, a decline of 2.6 per cent compared to $68.8-million for the same period last year. Royalty income in the SIR Royalty Limited Partnership increased by 2.3 per cent to $4.2-million, compared to $4.1-million for the same time last year. Net earnings for the fund were $7.9-million, or 81 cents per unit compared to $1.4-million, or 17 cents per unit a year ago.

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DHX Media Ltd. (DHX-T) says its loss in its latest quarter more than doubled compared with a year ago as it took a one-time charge. The company says it lost $18.4-million or 14 cents per share for the quarter ended March 31, compared with a loss of $8-million or 6 cents per share a year earlier. Revenue in what was the company’s third quarter totalled $110 million, which was in line with expectations and down from $116.5 million a year ago.

- The Canadian Press

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Loyalty rewards company Aimia Inc. (AIM-T) reported a profit of $1.05-billion in its latest quarter as it completed the sale of its Aeroplan business. The company says the profit amounted to $6.85 per diluted share for the three months ended March 31 compared with a profit of $21.4- million or 11 cents per diluted share a year ago.

Aimia says its loss from continuing operations totalled $3.2 million or five cents per diluted share compared with a loss of $9.2 million or nine cents per diluted share in the same quarter last year. Revenue fell to $34.7-million compared with $45-million in the first three months of 2018. Aimia completed the sale of the Aeroplan loyalty program to Air Canada in January.

-The Canadian Press

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CannTrust Holdings Inc. (TRST-T; CTST-N) reported first-quarter revenue of $16.9-million, an increase from $7.2-million a year earlier and in line with expectations of $17-million Net income was $12.8-million or 12 cents per share versus a loss of $25.5-million or 26 cents per share last year.

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Aphria Inc. (APHA-T; APHA-N) announced that its president Jakob Ripshtein will resign from the company, effective June 7. “His current responsibilities will be shared among the existing senior leadership team,” the company stated.

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TransAlta Corp, (TA-T; TAC-N) reported a first-quarter net loss attributable to common shareholders of $65-million or 23 cents per share compared to net earnings of $65-million or 23 cents for the same period in 2018. “Last year’s net earnings included the one-time receipt of $157-million ($115-million after tax) for the termination of the Sundance B and C PPAs,” the company stated. Revenue came in at $648-million up from $588-million a year ago and ahead of expectations of $583-million.

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Mainstreet Equity Corp. (MEQ-T) reported rental revenues increased 19 per cent to $33.7-million in its latest quarter, compared with $28.3-million for the same period last year. Net operating income 19 per cent to $20.2-million, while funds from operations increased 28 per cent to $8.3-million, compared with $6.5-million a year ago. FFO per share increased 24 per cent to 92 cents compared with 74 cents last year, the company stated. Analysts were expecting FFO of 83 cents per share and revenue of $33.3-million.

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