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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.

Morguard Corp. (MRC-T) says third-quarter revenue was $230.3-million compared to $221.4-million for the same period in 2015.

Funds from operations came in at $53.5-million compared to $39.8-million for the same period in 2015, a 34-per cent increase year-over-year.

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MCAN Mortgage Corp. (MKP-T) reported third-quarter net income of $9.8-million, up 36 per cent from a year ago.

Earnings per share were 43 cents, up 34 per cent year-over-year.

Analysts were expecting earnings of 28 cents.

The company also increased its quarterly dividend by a penny to 30 cents per share.

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Pure Industrial Real Estate Trust (AAR.UN-T) reported third-quarter revenue of $46-million, compared to $42.8-million a year ago.

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Funds from operations was $20.7-million, an increase of 7.6 per cent compared to the same period in the prior year. FFO per unit was 9 cents, down from 10 cents a year ago.

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WesternOne Inc. (WEQ-T) reported third-quarter revenue of $25.7-million compared to $46.8-million a year ago.

Its net loss from continuing operations was $14-million or $1.27 per share compared to $7.1-million or $6.27 per share a year ago.

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Enerplus Corp. (ERF-N; ERF-T) recorded a third-quarter net loss of $100.7-million or 42 cents per share in the third quarter, compared to a net loss of $292.7-million or $1.42 per share a year earlier.

Funds flow was $80.1-million compared to $120.8-million a year ago.

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Canopy Growth Corp. (CGC-T) reported second-quarter revenue of $8.5-million compared to $2.5-million over the same period a year ago.

Analysts were expecting revenue of $6.4-million.

Net income was $5.4-million or 5 cents per share, compared to net income of $3.9-million or six cents in same period last year.

The company said it had more than 24,400 registered patients at Sept. 30, compared to 6,200 at the same time a year earlier.

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Painted Pony Petroleum Ltd. (PPY-T) has expanded its 2017 capital budget to accelerate production.

"The planned accelerated production, relative to the previously expected 2017 average annual production volumes, is due to a 100 MMcf/d expansion by AltaGas Ltd. of the AltaGas Townsend Facility," the company said.

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Northern Blizzard Resources Inc. (NBZ-T) reported a net loss of $16.8-million or 14 cents per share in the third quarter compared to a loss of $55.7-million or 52 cents a year ago.

Funds flow was $34-million compared to $38.9-million a year ago.

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Sierra Metals Inc. (SMT-T) reported third-quarter revenue of $40.8-million (U.S.) compared to $28.4-mllion a year ago.

"Sierra Metals had an exceptional third quarter and benefited from the continued rise in metal prices," the company said.

Net income was $1.4-million compared to a loss of $6.8-million a year ago.

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Goldmoney Inc. (XAU) reported second-quarter revenue of $140.4-million compared to $66.2-million a year ago.

Its loss was $1.4-million compared to a loss of $4.9-million a year ago.

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Aecon Group Inc. (ARE-T) says Terrance McKibbon is stepping down as president and CEO of the company.

Mr. McKibbon has spent more than 20 years with Aecon, serving as president and chief operating officer before taking over the CEO role in June, 2014, the company said .

Executive chairman John Beck, who was CEO until June 2014, resumes his role as CEO, the company said.

Brian Tobin, the former premier of Newfoundland and Labrador and former federal minister, becomes independent chairman.

"They both have agreed to act in these capacities on an interim basis until a new CEO is selected by the board," the company said.

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Magellan Aerospace Corp. (MAL-T) increased its dividend and reported third-quarter revenue of $238-million, up slightly from $236.2-million for the same period in 2015. 

Net income was $18.8-million or 32 cents per share, compared to $18.5-million or 32 cents a year ago.
Analysts were expecting revenue of $178.6-million and earnings of 25 cents per share.

The company's board also declared a quarterly dividend payment for the fourth quarter of 2016 of 6.5 cents per share, a 13-per-cent increase from the previous quarter.

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Imperial Metals Corp. (III-T) reported third-quarter revenues of $97.1-million compared to $55.9-million a year earlier. Analysts were expecting revenue of $92.6-million.
"This increase was due to growth in the revenue from the Red Chris mine of $11.4-million in the 2016 period compared to 2015 and revenue from the Mount Polley mine of $29.8-million in the 2016 period compared to nil in 2015 as the Mount Polley mine restarted operations on Aug. 5, 2015, and had no revenue in the September 2015 quarter," the company said.

The net loss for the third quarter was $20.6-million or 25 cents per share compared to a net loss of $29.3-million or 37 cents per share a year ago.
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About the Author
Contributor

Brenda Bouw is a freelance writer and editor based in Vancouver. She has more than 20 years of experience as a business reporter, including at The Globe and Mail, The Canadian Press, the Financial Post and was executive producer at BNN (formerly ROBTv). Brenda was also part of the Globe and Mail reporting team that won the 2010 National Newspaper Award for business journalism. More

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