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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.

Hexo Corp (HEXO-T) announced the appointment of Curtis Solsvig as its acting chief financial officer, effective immediately.

“We are fortunate that Curt was able to join Hexo,” said CEO Scott Cooper, adding. “I would also like to thank Trent MacDonald for his dedication to the company over the years.”

The company said Mr. Solsvig has “extensive expertise” in the fund management business, including portfolio and financial management, fund administration and board-level supervision.

Hexo also announced the appointment of William Todd Montour to its board, following the resignation of Jason Ewart, effective immediately.


Voyager Digital Ltd. (VOYG-T), a cryptocurrency platform, announced preliminary revenue for its fiscal 2022 second quarter ended Dec. 31 is anticipated to be approximately US$165-million, up from US$3.6-million for the same quarter a year ago.

Analysts are expecting revenue of US$141-million, according to S&P Capital IQ.

It said funded accounts surpassed one million, up from just 43,000 at the beginning of the year.

" We remain focused on positioning our platform as one of the leading players in digital assets for consumers and expect continued customer growth in 2022,” said Steve Ehrlich, Voyager’s CEO and co-founder.


DeFi Technologies Inc. (DEFI-NE) announced a commercial agreement to establish a preferred partnership relationship with SEBA Bank AG, a digital assets banking platform.

“This industry-leading agreement is unprecedented in the growing crypto ecosystem, and will give DeFi Technologies, along with its 100-per-cent owned subsidiary Valour Inc, yet another competitive edge in this nascent space,” the company stated.


High Tide Inc. (HITI-X) announced plans to acquire Bud Room Inc., as well as assignments of the vendors’ shareholder loans, for $3.6-million and acquire all rights to the customized Fastendr retail kiosk and smart locker technology and Bud Room’s retail cannabis store in Ottawa.

“This deal is one of the most exciting acquisitions for High Tide to date, as it greatly enhances the customer experience in our stores while materially reducing overhead and labour costs in our ever-expanding retail portfolio. This technology will also allow us to generate third-party revenue, provide data collection and monetization opportunities, while supporting an unparalleled retail shopping experience for our customers, said CEO Raj Grover.


Hut 8 Mining Corp. (HUT-T), a digital asset miner, announced a US$30-million senior secured equipment financing term loan with Trinity Capital Inc.

“The equipment financing provides the company with non-dilutive growth capital and was structured such that collateral support is limited to certain new MicroBT machines being installed at the Company’s Medicine Hat, Alberta and North Bay, Ontario sites,” the company stated. It said the loan is repayable over its three-year term and carries a 9.5-per-cent interest rate.

“This debt financing allows us to expand our capital structure and overall liquidity, while achieving an attractive cost of capital with limited security, in a traditional equipment financing arrangement,” stated Shane Downey, Hut 8′s chief financing officer.


Reliq Health Technologies Inc. (RHT-X) announced an agreement with Cognizant to leverage that company’s care management resources for future deployments of Reliq’s iUGO Care software to large scale clients.

“We are excited to be expanding our care management capabilities by leveraging Cognizant’s extensive resources, network, and experience in healthcare,” said Lisa Crossley, CEO of Reliq Health Technologies, Inc, in a release.

“Cognizant will be able to rapidly deploy a full suite of care management services to our largest new iUGO Care customers going forward,” Dr. Crossley added.

Cognizant provides services to more than 300 health systems and over 347,000 care providers who together provide care to over 200 million lives globally.


Playmaker Capital Inc. (PMKR-X), a digital sports media company, announced the acquisition of Futmarketing, a digital media and marketing group in Brazil and editorial consultant to soccer platforms throughout Latin America, for US$4.1-million in cash and shares.

Futmarketing currently operates 82 Facebook fan pages, 22 Facebook groups, 16 Instagram accounts, and one Twitter account that in aggregate attract more than 31 million followers, the company stated.


ABC Technologies Holdings Inc. (ABCT-T) announced plans to acquire Ohio-based dlhBOWLES, Inc. from MPE Partners for approximately US$255-million.

dlhBOWLES makes camera and sensor cleaning systems, windshield washer systems, sunroof drains, powertrain and chassis solutions.

“The acquisition of dlhBOWLES further solidifies ABC Technologies’ leadership position in the North American washer systems market, strengthening our product portfolio to better serve our global customers and enhance the capabilities of our fluid management division, while improving ABC’s process automation,” Todd Sheppelman, CEO of ABC Technologies, stated in a release.


Leon’s Furniture Limited (LNF-T) announced the final results of its buyback up to $200-million of its common shares for cash. The offer expired on Dec. 30.

The company said it has taken up and paid for nearly eight million common shares at a price of $25 each, representing about 10.4 of its public float.


Titanium Transportation Group Inc. (TTR-X) announced it has completed the acquisition of Brantford, Ont.-based Bert and Son’s Cartage Limited.

“This acquisition provides an exceptional opportunity for Titanium to further expand our platform to better serve our existing and new Canadian and U.S. cross-border customers in a high-growth market,” stated CEO Ted Daniel.

The company said it issued 400,000 common shares of Titanium valued at $3.75 each as partial consideration related to the deal.


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