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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.

Well Health Technologies Corp. (WELL-X) reported record quarterly revenue of $8.2-million for the third quarter ended Sept. 30 compared to $1.9-million in revenue for the three months ended Oct. 31, 2018, driven by acquisitions. (The company changed its year-end to Dec. 31 at the end of last year.

Its net loss for the period was $4.8-million or 5 cents per share versus a loss of $907,462 or a penny per share in the prior-year period. Analysts were expecting a loss of 2 cents and revenue of $8-million.

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Ensign Energy Services Inc. (ESI-T) announced it will cut its quarterly dividend by 50 per cent to 6 cents per share and discontinue its Dividend Reinvestment Plan.

The company also reported revenue of $393.5-million, an increase of 36 per cent from the third quarter of 2018 of $288.7-million. Its net loss attributable to shareholders for the third quarter was $37.8-million or 24 cents per common share compared to a net loss attributable to shareholders of $32.8-million or 21 cents per share last year.

Analysts were expecting revenue of $426.4-million and a loss of 9 cents.

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Hardwoods Distribution Inc. (HDI-T) reported third-quarter sales of $292.5-million versus $290.4-million a year ago. Analysts were expecting revenue of $296.7-million. Profit came in at $8.9-million or 41 cents per share versus $8-million or 37 cents a year ago.

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Hudbay Minerals Inc. (HBM-T; HBM-N) reported revenue of US$291.3-million down from US$362.7-million a year ago. Analysts were expecting revenue of US$295.8-million.

The company said its net loss was US$274.8-million or US$1.05 per share versus a profit of US$22.8-million or 9 US cents a year ago. Hudbay said the loss reflects an after-tax impairment loss of US$242.1-million on its carrying value of the Rosemont copper project, after a U.S. District Court decision on July 31 vacating and remanding Rosemont’s permits. Hudbay said it intends to appeal and “continues to evaluate next steps for Rosemont.”

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Recipe Unlimited Corp. (RECP-T), formerly Cara Operations, reported same-restaurant sales growth decreased 3.1 per cent for the third quarter compared to a year earlier.

Revenue was $309-million down from $310-million a year ago. Analysts were expecting revenue of $317-million. System sales decreased $10.7-million to $869.1-million compared to $879.8-million in 2018,

Net earnings were $6.7-million compared to $23.8-million a year ago. Adjusted EPS was 31 cents compared to 39 cents a year ago. Analysts were expecting adjusted EPS of 35 cents.

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Organigram Holdings Inc. (OGI-Q; OGI-T) says it expects to report fourth-quarter revenue of approximately $16.3-million, "which reflects about $20-million of shipments in the quarter and about $3.7-million in provisions for product returns and pricing adjustments."

It said lower fourth-quarter net revenue (compared to third-quarter net revenue of approximately $24.8-million) and about $1.6-million of packaging and inventory adjustments (charged to cost of sales) in the quarter are expected to contribute to negative adjusted EBITDA in the quarter.

The company also said it expects to report "sequential improvement in the cost of cultivation per gram and overall harvested volume" as its yield per plant returned to normalized levels after a temporary decline in the third quarter.

“While Q4 2019 did not meet our overall expectations, we have not only emerged as one of the national leaders in the industry with significant growth expected in net revenue and strong market share, we expect to report positive adjusted EBITDA for the year,” said Greg Engel, CEO.

The company said the "lack of sufficient retail network and slower than expected store openings in Ontario continued to impact sales in Q4 2019 and were further exacerbated by increased industry supply." The company is scheduled to report its fourth-quarter results on Nov. 25.

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The company expects to report year-over-year growth in net revenue of approximately 547 per cent to about $80.4 million for fiscal 2019 as well as positive adjusted EBITDA for the year.

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Valens GroWorks Corp. (VGW-X) announced it has acquired Southern Cliff Brands Inc. (doing business as Pommies Cider Co.) in a cash and stock deal valued at $6-million. Pommies is hard cider manufacturer in the Greater Toronto Area. "The acquisition and all planned capital expenditures are fully funded with cash on hand and current and projected cash flow from operations, " the company stated.

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Liminal BioSciences Inc. (LMNL-T) reported revenues of $5.3-million for the third quarter as compared to $12.3-million for the third quarter of 2018. “The decrease was principally due to the reduction in sales of excess normal source plasma by $5.6 million in addition to a reduction in bioseparation product sales,” the company stated.

Its net loss was $29.7-million compared to a net loss of $33.2-million a year ago.

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Cardinal Energy Ltd. (CJ-T) reported third-quarter revenue of $95.5-million down from $113.6-million a year ago. Earnings came in at $417,000 or nil per share versus a profit of $9.1-million or 8 cents a year ago.

Adjusted funds flow from operations was $27.6-million or 24 cents per share in line with $27.1-million or 24 cents a year ago.

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Cascades Inc. (CAS-T) announced that it intends to offer US$300-million aggregate principal amount of senior notes due 2026, US$300-million aggregate principal amount of senior notes due 2028 and CAD$175-million aggregate principal amount of senior notes due 2025 in a private offering.

The company said it intends to use the net proceeds from the offering of the notes "to (i) redeem all of its outstanding US$400 million aggregate principal amount of 5.50% senior notes due 2022 and CAD$250 million aggregate principal amount of 5.50% senior notes due 2021 and (ii) repay certain amounts outstanding under its revolving

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