Skip to main content

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Birchcliff Energy Ltd. (BIR-T) announced it’s doubling its quarterly dividend to a penny per share.

“While free funds flow is currently prioritized towards further debt reduction, we will continue to consider additional dividend increases and/or common share repurchases under our normal course issuer bid over the coming year,” CEO Jeff Tonken stated in a release.


Goodfood Market Corp. (FOOD-T) announced the renewal of automatic securities disposition plans (ASDPs) by each of CEO Jonathan Ferrari and president and chief operating officer Neil Cuggy.

“The ASDPs, originally put in place in December of 2020, allow for an orderly disposition of a small portion of each of Mr. Ferrari’s and Mr. Cuggy’s shares in Goodfood at prevailing market prices for personal financial planning purposes,” the company stated.

It said each executive intends to have up to 472,000 common shares sold under their renewed ASDP, representing about 4.85 per cent of each of Mr. Ferrari`s and Mr. Cuggy’s respective holdings of outstanding shares in Goodfood.


Cansortium Inc. (TIUM.U-C) reported revenue increased 9 per cent to $15.6-million in the third quarter compared to $14.3-million a year earlier. The cannabis company reported net income of $2.3-million versus a loss of $1.9-million a year ago.

The company also said it’s revising its 2021 outlook for revenue and now expects it to range between $63-million to $66-million. That compares to revenue guidance of between $70-million to $80-million announced during its second quarter.


VersaBank (VB-T), a digital banking company reported revenue for its fourth quarter ended Oct. 31 increased 33 per cent to a record $18.2-million versus the same quarter last year. Analysts were expecting revenue of $16.4-million.

Net income was $5.9 million or 24 cents per share compared to $4.7-million or 20 cents per share for the same period a year ago. The expectation was for EPS of 25 cents for the latest quarter.


IBI Group Inc. (IBG-T) announced it has completed the purchase of British Columbia-based Teranis Consulting Ltd., a scientific and environmental consulting firm specializing in environmental investigation, remediation and risk assessment, with a focus on supporting First Nations communities.

“The acquisition complements IBI’s existing sustainability and environmental management business, and supports the company’s goal of fostering improved relations with Indigenous communities in Canada and across North America,” the company stated.


Just Kitchen Holdings Corp. (JK-X) announced that it plans to acquire the software and operating ghost kitchen assets of 3 Square Co. Ltd., a Taiwan-based operator of digital food halls.

JustKitchen said it expects to continue using the multi-spoke real property assets, in whole or in part, under a kitchen-as-a-service (KaaS).

“The acquisition of 3 Square will not only increase our total number of Spokes immediately, but it will also enable JustKitchen to innovatively utilize the KaaS approach in a measured way, which is one of the other common operating models used in the ghost kitchen industry around the world,” stated Jason Chen, co-founder and CEO of JustKitchen.

JustKitchen would pay 3 Square $300,000 in common shares of the company at closing. The number of shares will be determined based on the closing price of the Shares on the TSX Venture Exchange on the last trading day prior to the date of the execution of a definitive agreement.


Marimaca Copper Corp. (MARI-T) announced that chief operating officer Luis Tondo will step down from his role due to family reasons. He will continue working with Marimaca Copper as a consultant, “focused on the various ongoing technical workstreams which are underway,” the company stated.


Pollard Banknote Limited (PBL-T) announced it has been awarded a mobile convenience app development services contract from the Minnesota Lottery to develop a mobile lottery app for iOS and Android.

Under this new contract, Pollard Banknote said it will develop a modern mobile app specifically designed to deliver “an engaging mobile experience to lottery enthusiasts in Minnesota.”



Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Report an error

Editorial code of conduct

Tickers mentioned in this story