Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
ATS Automation Tooling Systems Inc. (ATA-T) announced it has received a $65-million order booking from Tessy Plastics to design, build and deliver two automated manufacturing systems within the next four months. The company said the program is expected to enable the production of 10 million units per month of critical components for point-of-care testing kits that can be used to detect COVID-19.
Organigram Holdings Inc. (OGI-T; OGI-Q) announced an at-the-market (ATM) equity program allowing it to issue up to $49-million of common shares from treasury to the public from time to time, at the corporation’s discretion, effective until the end of 2021.
Organigram said it intends to use the net proceeds from the ATM program, if any, to fund capital projects, for general corporate purposes and to repay debt.
EnWave Corp. (ENW-X) announced it signed a technology evaluation and license option agreement (TELOA) with a South American food company to evaluate the potential commercial use of EnWave’s radiant energy vacuum (REV) dehydration technology.
"During the term of the TELOA, the food company will pay a monthly evaluation fee and have the exclusive option to obtain a royalty-bearing commercial license agreement to use REV technology for the production of a variety of value-added food products," EnWave stated. It said the unnamed food company will lease a 10kW REV machine for use at its research and development facility during the term to conduct product development in collaboration with EnWave’s food scientists.
Net income of $931,000 or a penny per share, which was in line with expectations and compared to $2.7-million or 2 cents per share a year earlier.
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