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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news

Dye & Durham Ltd. (DND-T) issued a statement at the market open on Wednesday in response to the United Kingdom’s Competition and Markets Authority Phase 2 review of its acquisition of TM Group (UK) Limited.

“The CMA has provisionally found that Dye & Durham’s acquisition of TMG, which closed in July 2021, would lessen competition in the UK property search services market,” the release stated. “The CMA also asserts that the only effective way to address the issues it has identified would be for Dye & Durham to sell TMG to a third party. Lastly, the CMA press release gives the erroneous impression that Dye & Durham failed to notify the CMA regarding the transaction when in fact there was no obligation to do so under applicable UK law, which provides only for voluntary notification.”

The company said it “disagrees” with the findings and is evaluating its potential options.

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Flagship Communities Real Estate Investment Trust (MHC-U-T) announced the acquisition of two properties in Kentucky for US$22.5-million.

The purchase price will be funded with cash on the REIT’s balance sheet.

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Cresco Labs Inc. (CL-CN) reported first-quarter revenue of US$214 million, up 20 per cent year-over-year. Its net loss was US$23.7-million versus a loss of US$24.1-million a year ago.

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Well Health Technologies Corp. (WELL-T) announced that it has qualified to trade on the OTCQX Market and will begin trading there today.

“Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors,” the company stated. " For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S.”

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Alithya Group Inc. (ALYA-T) announced the signing of three contracts worth about $7-million with financial services and public sector customers to provide Splunk platform access and implementation services.

The contracts will provide Alithya customers with access to Splunk’s scalable data collection platform, delivering unified security, full-stack observability, and limitless custom applications, the company stated.

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Kiwetinohk Energy Corp. (KEC-T) announced an acceleration and expansion of its 2022 upstream operational program, which led to increased 2022 guidance.

Kiwetinohk’s board approved a $65-million to $70-million 2022 capital program acceleration to drill and complete five additional wells during the second half of 2022. The company is now targeting approximately 65 to 75 per cent production growth in average quarterly volumes from first-quarter levels to 22,000 to 23,000 barrels of oil equivalent per day.

2022 production guidance is now set at an average of 15,000 to 17,000 boe/d, an increase of approximately 10 per cent from the guidance provided last week

The 2022 upstream capital budget has been increased to a range between $265-million to $290-million.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 16/04/24 3:50pm EDT.

SymbolName% changeLast
ALYA-T
Alithya Group
0%2.03
KEC-T
Kiwetinohk Energy Corp
-2.11%12.51
MHC-U-T
Flagship Communities Real Estate Investm
-0.44%15.95
WELL-T
Well Health Technologies Corp
+2%3.57
CL-CN
Cresco Labs Inc
+4.81%2.83
DND-T
Dye & Durham Ltd
+0.58%15.6

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