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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.

Aimia Inc. (AIM-T) says its net earnings decreased by 22 per cent in the third quarter to $16.9-million. The Montreal-based company says it earned 11 cents per share for the period ended Sept. 30, two cents above forecasts by analysts, according to financial markets data firm Refinitiv. That’s unchanged from a year earlier even though profits were down from $21.7-million.

Earnings from continuing operations increased to $17.2-million or 11 cents per share, from $3.2-million or a loss of one cent per share in the prior year. Total revenue was $33.3-million, down from $42.5-million in the third quarter of 2018.

- The Canadian Press

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Canfor Corp. (CFP-T) announced it has agreed to be taken private for $16 per share by Great Pacific Capital Corp. Great Pacific announced in August that it was bidding $16 a share in cash for the 49 per cent of Canfor that it doesn’t already own.

"Over the last few months, with the assistance of the special committee's independent financial and legal advisors, we have conducted a thorough evaluation of the best interests of Canfor and the fairness of Great Pacific's proposal to shareholders," stated Conrad Pinette, chair of the special committee, in a release. "The special committee believes that the transaction represents fair value for shareholders and is the correct path forward for Canfor, Canfor employees, communities and shareholders."

See also: Jim Pattison bets on forestry’s future with Canfor bid

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Ballard Power Systems (BLDP-Q; BLDP-T) announced it received a purchase order for nine of its FCveloCity-HD 100 kilowatt (kW) fuel cell modules from Anglo American plc’s platinum business. Eight of the orders will power a retrofitted Ultra heavy-duty mining truck in a demonstration project during 2020 at one of Anglo American’s mining operations in South Africa. The final module will be maintained as a spare. “Following this, Anglo American expects to deploy similar trucks, each with megawatt (MW) scale fuel cell power, at other operations around the world,” the company stated.

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Hexo Corp. (HEXO-T; HEXO-N) reported fourth-quarter and 2019 fiscal year revenue in line with analysts’ expectations, after the grower lowered its guidance and postponed its financial report to late Monday, when it reported a net loss amid a sluggish industry-wide environment for Canada’s growers.

The Gatineau, Que.-based company said late Monday that its net revenue for the fourth quarter reached $15.4-million, versus $13-million in the third quarter, and the 2019 fiscal year ended July 31 brought in $47.3-million. It reported a net loss of $56.7-million for the three-months ended July 31, or 28 cents per share, compared with a net loss of $7.8-million the previous quarter, or 4 cents per share. For the full year, Hexo saw a net loss of $81.6-million.

Looking toward its fiscal 2020, Hexo said it expects net revenue for the first quarter to be $14-million to $18-million.

-Mary Nicholson

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MedMen Enterprises Inc. (MMEN-C) reported revenue of US$42-million for the fourth quarter, which it said was up 104 per cent year-over-year and in line with expectations. Its net loss was US$24.2-million or 15 cents US per share versus a loss of US$32.9-million or 81 cents US a year ago. Analysts were expecting a loss of 11 cents US per share.

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