Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Aecon Group Inc. (ARE-T) announced Tuesday that its ONxpress Transportation Partners consortium has been selected to deliver the transformative GO Expansion On-Corridor Works project in the Greater Golden Horseshoe Area.
ONxpress includes Aecon, FCC Construcción S.A., Deutsche Bahn International Operations GmbH and Alstom. Aecon holds a 50 per cent interest in a civil joint venture with FCC, which is undertaking the construction, and a 28 per cent interest in a 25-year operations and maintenance partnership with Deutsche Bahn International Operations, the company stated
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Dundee Corp. (DC.A-T) announced a partnership with Aura Minerals Inc. (ORA-T) to develop and participate in future cash flows from the Borborema Mine in Brazil.
Dundee said the deal – through its Dundee Resources subsidiary, a 19.3 per cent shareholder in Big River Gold Limited – retain a 20 per cent interest in Big River through a joint venture arrangement with Aura. As part of the announcement, Aura unveils plans to acquire 100 per cent of Big River, the company stated.
“This transaction represents a significant milestone as it is the next phase for Dundee in affecting our strategy as a trusted capital provider and partner in the mining industry,” stated Dundee CEO Jonathan Goodman.
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Stingray Group Inc. (RAY-A-T; RAY-B-T) announced that Walmart Canada has joined the Stingray Retail Media Network. Under the agreement, Stingray said it will be responsible for exclusive sales representation of all in-store digital audio advertising at Walmart stores in Canada.
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VitalHub Corp. (VHI-T) announced a multi-year licensing agreement of subsidiary Intouch With Health’s digital, at-home pre-op solutions, Synopsis Home and Synopsis iQ, to the Royal Orthopaedic Hospital NHS Foundation Trust. The trust is a new customer for the company.
“This sale comes as the result of the Trust seeking out new solutions for managing elective care backlog, which has presented an ongoing operational challenge,” the company stated.
The trust in Birmingham is centre for the treatment of bone and joint disorders and the care of children with orthopaedic problems, the company added.
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Quipt Home Medical Corp. (QIPT-X) announced that it has acquired Good Night Medical, LLC, a leader in the respiratory home care services space in the U.S., for about US$7-million in cash.
“Good Night Medical strengthens our healthcare network across multiple states, enhancing our national coverage sphere over an area that includes about 5 million COPD sufferers in the United States,” stated CEO Greg Crawford. “I believe that this acquisition will help us achieve long-term cost-saving goals that will drive our future margin acceleration by giving us increased scale across the organization.”
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Cineplex Inc. (CGX-T) announced that all of its 172 theatres and entertainment venues across Canada are open and operating at full capacity. It said the move comes now that all previously mandated pandemic-related federal, provincial and municipal operating restrictions are removed.
“This is the first time since March 2020 that all Cineplex theatres and locations of The Rec Room and Playdium have been open and operating without restrictions, such as limitations on concessions sales, reduced building capacity and proof of vaccination requirements,” the company stated.
It said only the provinces of Prince Edward Island and Quebec continue mandating the use of masks for guests, a guideline the company said is expected to be lifted in the coming days and weeks.
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Recipe Unlimited Corp. (RECP-T) announced the renewal of its $550-million revolving term credit facility, extending the maturity date by three years. It includes a $150-million tranche that now matures on May 1, 2025, and a $400-million tranche that now matures on May 3, 2027.
The existing accordion feature of up to $250-million was also renewed, the company stated.
“Notwithstanding the COVID-19 pandemic and ongoing impact on the restaurant industry, other terms of the renewed revolving term credit facility are substantially unchanged from the company’s prior credit facility which was established in May 2019,” it stated.
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Pulse Seismic Inc. (PSD-T) announced that it has signed a data-sharing agreement with the Alberta Biodiversity Monitoring Institute (ABMI) to enhance public information on seismic lines in Alberta.
“Both organizations are motivated by providing credible, high-quality data in support of land-use decisions,” the company stated. “The incorporation of the line geometry and age attribution of Pulse’s seismic data into the ABMI’s publicly available human footprint dataset will provide significant value to planners and researchers in Alberta.”
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Q4 Inc. (QFOR-T) announced that its chief financial officer Ryan Levenberg will be leaving the role on May 31. The company named chief operating officer Donna de Winter as interim CFO.
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