Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Firm Capital Mortgage Investment Corp. (FC-T) plans to raise $25-million in a bought-deal offering. It has entered into an agreement to sell to a syndicate of underwriters convertible unsecured subordinated debentures due June 30, 2025 at a price of $1,000 each. The net proceeds will be used to repay bank debt, fund new investments and for general corporate purposes, the company said.
Mediagrif Interactive Technologies Inc. (MDF-T) reported fourth-quarter revenues of $20.5-million, up from $20-million a year earlier. Its profit was $2.1-million or 14 cents per share compared to $3.6-million or 24 cents per share during the fourth quarter of fiscal year 2017. Analysts were expecting revenue of $20.7-million and earnings of 18 cents per share in the latest quarter.
Wall Financial Corp. (WFC-T) reported a net loss attributable to shareholders of $502,181 or a penny per share for the quarter ended April 30 compared with net earnings of $2.4-million or 7 cents for the same period in the prior year.
Roots Corp. (ROOT-T) reported first-quarter sales of $51-million, up from $48.2-million in the first quarter of last year but below expectations of $54.6-million. The company said it believes sales would have been even higher except for a major ice storm across approximately 80 per cent of its store network during its semi-annual, four-day customer appreciation event in the quarter. Total gross profit increased 12 per cent to $29.1-million from $26-million a year ago. Its net loss was $5.6-million or 13 cents per share versus a loss of $5.1-million or 12 cents a year ago.
Choom Holdings Inc. (CHOO-CN) announced a non-brokered private placement for up to $10-million, including a $7-million lead order from Aurora Cannabis Inc. (ACB-T). The company said the private placement will include up to 14 million common shares at a price of 71 cents each.