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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.

Pure Multi-Family REIT LP (RUF.UN-X) issued a release acknowledging the extension of a takeover proposal from Electra America. “On March 26, 2018, Electra marginally increased its cash price to US$7.59 per unit,” the company said. “The special committee and the board, with advice from its financial and legal advisors, concluded that the revised proposal remains inadequate.”

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Birchcliff Energy Ltd. (BIR-T) and AltaGas Ltd. (ALA-T) said they have entered into a definitive agreement for a long-term natural gas processing arrangement at AltaGas’ deep-cut sour gas processing facility in Gordondale, Alta. “This new arrangement with AltaGas provides long-term natural gas processing and will reduce our fees at the Gordondale Facility,” said Jeff Tonken, CEO of Birchcliff.

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CryptoGlobal Corp. (CPTO-X) is being bought by HyperBlock Technologies Corp. for a value of $106-million.

Under the transaction, HyperBlock will acquire all of the issued and outstanding shares of CryptoGlobal by issuing 0.4229 of a common share of HyperBlock for each CryptoGlobal common share, valuing each CryptoGlobal common share at 74 cents. That’s a 48-per-cent premium to CryptoGlobal’s closing price on March 29.

The parties will apply to list the combined company, which will operate under the name HyperBlock Technologies Corp., on the Canadian Securities Exchange on closing.

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High Liner Foods Inc. (HLF-T) appointed Rod Hepponstall as its president and CEO, effective May 1. Mr. Hepponstall has 25 years of experience working in the food industry in the U.S. and Canada. He most recently held the position of senior vice president, general manager retail and foodservice business units at Lamb-Weston Inc., the company said.

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Current CEO Henry Demone will continue as chairman.

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CanniMed Therapeutics Inc. (CMED-T), which was recently taken over by Aurora Cannabis Inc. (ACB-T) said it has entered into a letter of intent to become a “preferred supplier” of medical cannabis to Pharmasave.

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Eldorado Gold Corp. (ELD-T) says an arbitration panel in Greece has rejected the Greek State’s motion that the technical study for the Madem Lakkos metallurgy plant for treating Olympias and Skouries concentrates was in breach of the provisions of the transfer contract.

“We respect and acknowledge the panel’s ruling,” stated CEO George Burns. “We have always acted in good faith and in a manner we understood to be in accordance with our obligations under the transfer contract ... We believe this decision provides a foundation to allow us to advance dialogue with the Greek government in order to define a mutually-agreeable and clear path forward for our Kassandra investments.”

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CannaRoyalty Corp. (CRZ-CN) reported revenue of $1-million in the fourth quarter up from $502,000 a year earlier. Its net loss was $1.2-million or 3 cents per share versus a loss of $7.5-million or 24 cents per share.

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Delta 9 Cannabis Inc. (NINE-X) has exercised its option to purchase the land and 80,000-square-foot building containing its current cannabis production facility for $6.25-million.

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Cannabis Wheaton Income Corp. (CBW-X) is buying Dosecann Inc., a late-stage licensed dealer applicant located in Charlottetown, PEI. The company said it will pay Dosecann securities up to $38-million in common shares of Cannabis Wheaton.

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Helius Medical Technologies, Inc. (HSM-T) says it plans to sell $16-million of shares of its Class A common stock, together with warrants to purchase shares, in an underwritten public offering.

Helius says it has applied to list its Class A common stock on the Nasdaq.

BTIG and Echelon Wealth Partners Inc. are acting as joint book-running managers for the offering, the company said.

Helius intends to use the net proceeds to fund its manufacturing and marketing for its product, the Portable Neuromodulation Stimulator (PoNS), a medical device designed to deliver neurostimulation through the tongue.

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