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FILE - This April 15, 2017 file photo shows marijuana plants for sale at the ShowGrow dispensary a medical marijuana provider in downtown Los Angeles.Richard Vogel/The Associated Press

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Obsidian Energy Ltd. (OBE-T; OBE-N) says it received notification on Sept. 14 from the New York Stock Exchange that it's no longer in compliance with one of the NYSE's continued listing standards.

It said the average closing price of Obsidian Energy's common stock was less than $1 (U.S.) per share over a consecutive 30 trading day period.

"Non-compliance with the NYSE's price listing standard does not affect Obsidian Energy's business operations or its reporting requirements to the U.S. Securities and Exchange Commission. nor does it breach or cause an event of default under any of Obsidian Energy's agreements with its lenders," the company said.

Obsidian said it intends to "cure this price deficiency" and return to compliance.

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Morguard Corp. (MRC-T) and its REIT said its portfolio in the southeastern U.S. did not sustain any significant damage as a result of Hurricane Irma.

The REIT's portfolio in the affected region comprises six multi-suite residential properties in Florida and an additional three in Georgia. Morguard Corp owns seven retail centres, one multi-suite residential building and one office building in Florida.

"Preliminary assessments indicate that none of the company's properties sustained any structural or significant damage or experienced any flooding as a result of the storm," the company said. "All buildings have been reopened to provide residents with access to their homes and tenants with access to their businesses. Cleanup crews have been deployed at all properties to clear debris and perform minor repairs as necessary."

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Canopy Growth Corp. (WEED-T) has a supply memorandum of understanding with the New Brunswick government, through a newly created provincial authority, "to guarantee a reliable and high-quality supply of cannabis products" in the province.

"This is a concrete step towards the federally targeted date of July 2018 for legalization of recreational-use cannabis," Canopy said in a release.

The two-year supply agreement, including four million grams of cannabis and cannabis derivative products for the first year, is expected to have an estimated retail value of $40 million in its first year, the company said.

"Based on production capabilities across the Canopy-wide production platform, this agreement will not affect medical sales or our commitment to meeting the needs of Canadians who require cannabis for medical purposes," it stated.

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Pacific Insight Electronics Corp. (PIH-T) says Institutional Shareholder Services, Inc. recommends shareholders for the acquisition of all of the company's shares by Methode Electronics, Inc.

Methode has offered to buy the company for $18.50 per share.

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Uni-Select Inc. (UNS-T) says its The Parts Alliance subsidiary bought Blackburn Brakes Holding Limited, owners of BBC Superfactors Ltd., a distributor of vehicle parts in the UK.

"This acquisition strengthens our position in the UK market and underlines The Part Alliance's capability of driving growth both organically and through acquisitions," stated Henry Buckley, CEO of Uni-Select, in a release.

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Organigram Holdings Inc. (OGI-X) says it has entered into a memorandum of understanding with the New Brunswick provincial authority for the distribution of marijuana to the adult-use recreational market.

The agreement secures a supply of at least five million grams of recreational marijuana per year from Organigram, the company said.

"We are excited to enter into this MOU with the Province. The Government of New Brunswick has established itself as a leader in the developing marijuana industry, working to ensure that the industry develops in a responsible and effective manner. New Brunswick's stewardship on this file has been recognized throughout Canada and we are proud to work closely and support them as a strategic partner," says CEO Greg Engel.

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Yellow Pages Ltd (Y-T) says its board appointed David Eckert as president and CEO, effective immediately. Mr. Eckert has been a board member since May.

"David has a keen understanding of our industry and a proven track record of improving business performance," said board chairman Robert MacLellan.

Mr. Eckert has served as CEO of international companies over the course of his 35-year career.

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Eldorado Gold Corp. (ELD-T; EGO-N) says it has received the approval of the technical study for the old Olympias Mine closure and the installation permit for the paste plant at Olympias.

Still outstanding is the amended electromechanical installation permit for the Skouries flotation plant "as well as other matters including, but not limited to, the relocation of antiquities at the Skouries site," the company said.

"Upon receipt of the required Skouries permit and the Greek government being willing to engage with us in constructive discussions, the company will then be in a position to reassess its investment options in Greece."

CEO George Burns called it "another positive step forward," but said the company is still waiting to resolve other matters with the government

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MacDonald, Dettwiler and Associates Ltd. (MDA-T) says it has signed a contract valued at more than $7-million with the Korea Aerospace Research Institute, a national aerospace research institution.

MDA says it will provide a communication subsystem to support the Korean Lunar Exploration Program," a project to develop the first lunar probe in Korea and secure the necessary technology for lunar exploration, such as an orbiter, a landing module, science payload, and deep space communication."

MDA said its communication subsystem will "provide relay information between the Lunar Orbiter and the ground station on Earth."

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Pure Multi-Family REIT LP (RUF.UN-X) says it's buying Farmers Market Apartments, a multi-family apartment community in Dallas, Texas for $66.4-million (U.S.)

"Farmers Market Apartments is an exciting live, work and play asset in a core setting, just minutes away from the Dallas Central Business District, the largest employment centre in North Texas," said REIT CEO Stephen Evans in a release.

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Altius Minerals Corp. (ALS-T) reported first-quarter revenue of $15.4-million compared to $8.4-million a year ago.

Net earnings for the quarter were $4.5-million or 10 cents per share, compared to $3-million or 7 cents a year earlier. Analysts were expecting earnings of 9 cents in the most recent quarter.

"Our aggressive acquisition strategy during the 2014 -2016 down cycle for base metals and bulk commodities is now being well rewarded as the inevitable cyclical recovery begins to take hold," stated CEO Brian Dalton. "While we are currently tracking ahead of our guidance of $55-million in attributable revenue for the full year we note that prices are displaying a high degree of volatility over short time frames. As such we are are choosing to maintain our estimate for the time-being and will review again when providing our mid-year results."

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South32 Limited, which is listed internationally, said it has entered into an over-the-counter equity forward contract to buy up to another 15 million shares in Arizona Mining Inc. (AZ-T), which is equivalent to 4.9 per cent of the company.

"Our continued support of Arizona Mining is aligned with our strategy to invest in high-quality mining projects where we can add value," stated South32 CEO Graham Kerr. "This incremental investment increases our interest in the highly prospective Hermosa Project and demonstrates our commitment to work with Arizona Mining to unlock its full potential."

South32 acquired about 15 per cent of  Arizona Mining in May, as part of a private placement and investor rights agreement. The investor rights agreement allows South32 to acquire up to, but no more than 19.9 per cent of Arizona Mining within an 18-month standstill period without the consent of Arizona Mining's board of directors.

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