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-T) announced that its subsidiary Well Ventures has made a significant minority investment in 11855760 Canada Inc., an AI-powered virtual assistant.
“Tali.ai enables doctors and other healthcare providers to easily retrieve essential information from their EMR [electronic medical records] software and issue voice commands using Natural Language Processing (NLP) algorithms,” the company stated. “This means that a healthcare provider can vocally request information or action from their EMR and Tali.ai will search/present or action the request automatically.”
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Novo Resources Corp. (NVO-T) announced that its CEO Rob Humphryson has resigned from that position and as a director of the company. Mike Spreadborough, the executive co-chairman, will serve as acting CEO, the company stated.
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BriaCell Therapeutics Corp. (BCT-T) a clinical-stage biotechnology company specializing in targeted immunotherapies for cancer, announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track status to its lead candidate, Bria-IMT, for the treatment of metastatic breast cancer (breast cancer that has spread beyond the breast).
“We are grateful for the opportunity to accelerate the development of our novel immunotherapy in advanced breast cancer,” stated Del Priore, BriaCell’s chief medical officer.
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BSR Real Estate Investment Trust (HOM.UN-T) announced a $100-million bought-deal offering. The REIT said it has an agreement to sell to a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and CIBC Capital Markets 5,120,000 trust units for US$19.55 each.
BSR said it intends to use the net proceeds to pay down debt, fund future acquisitions and for general trust purposes.
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Interfor Corp. (IFP-T) announced it’s selling its Acorn specialty sawmill located near Vancouver to an affiliate of San Industries Ltd., a privately held, B.C.-based forest products company. The new owner intends to continue operating the mill, Interfor stated.
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H2O Innovation Inc. (HEO-X) announced plans to acquire Leader Evaporator Co., Inc., which sells maple farming equipment and products to maple syrup producers located mainly in the U.S.
“This transaction should allow H2O Innovation to increase its market share in the maple industry, primarily in the United States,” the company stated.
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Xebec Adsorption Inc. (XBC-T) announced that its subsidiary Xebec Systems USA LLC has signed a contract valued at US$113.5-millionwith Iowa-based SCS Carbon Removal LLC, a subsidiary of Summit Carbon Solutions.
The equipment will be used for Summit Carbon Solutions’ proposed carbon capture and sequestration project, the company said, “which is expected to be the largest in the world if approved.”
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East Side Games Group (EAGR-T) announced the implementation of its planned succession process, saying CEO Darcy Taylor will be succeeded by the current chief revenue officer, board chair and company co-founder Jason Bailey on Wednesday.
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Theratechnologies Inc. (TH-T) reported revenue of US$18.6-million for its first quarter ended Feb. 28, up from US$15.4-million a year earlier.
Its net loss for the period was US$9-million compared to US$5.9-million a year ago.
Theratechnologies affirmed that its fiscal 2022 revenue to be in the range of US$79-million and US$84-million, or growth of the commercial portfolio to be in the range of 13 per cent and 20 per cent as compared to the 2021 fiscal year.
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Gensource Potash Corp. (GSP-X) announced an agreement to buy Innovare Technologies Ltd., a privately-held developer of mining and brine processing technology to recover potash and other soluble minerals. Gensource said it has worked with Innovare to develop its modular potash production module over the last six years.
The deal values Innovare at approximately US$11.5-million, which the company said represents the current value of existing licensing agreements between the company and Innovare.
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