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Loblaw is Choice Properties REIT’s major tenant with banners such as Loblaws, Fortinos, Zehrs, No Frills, Maxi, and Real Canadian Superstore.

Ryan Remiorz/The Canadian 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.

Exchange Income Corp. (EIF-T) reported second-quarter earnings of $25.8-million or 83 cents per share compared to $17.2-million or 62 cents for the same quarter a year earlier.

Revenue was $273.1-million up from $226.9-million a year earlier.

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Analysts were expecting earnings of 59 cents and revenue of $242.4-million, according to S&P Capital IQ.

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Choice Properties Real Estate Investment Trust (CHP.UN-T) reported second-quarter rental revenue of $208.6-million, an increase of 5.7 per cent compared with $197.3-million in the second quarter of 2016.

Net income was $41.5-million or 10 cents per unit, compared with a net loss of $559.7-million or $1.37 in the second quarter of 2016.

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Taseko Mines Ltd (TKO-T: TGB-N) said late Wednesday that mining and milling operations at its Gibraltar Mine in B.C. have been restarted following a four-day idling period due to wildfires in the region.

The company said no fires threaten the mine facility at this time, but that an evacuation order remains in effect for the City of Williams Lake, which is 65 kilometres south of the mine.

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Centerra Gold Inc. (CG-T) says an arbitrator has issued an order providing "certain interim relief" to the company on its ongoing arbitration against the Kyrgyz Republic and Kyrgyzaltyn JSC in connection with the Kumtor Project.

It said the arbitrator's findings relating to jurisdiction and merits "support Centerra's long-standing view that the Kyrgyz court proceedings are disputes that should be brought in international arbitration and may not be brought before the courts of the Kyrgyz Republic. Centerra further believes that the court claims are without foundation or substance on the merits," it stated.

Centerra also said in the release that it will continue to pursue its claims in its main arbitration proceeding, which started in May, 2016, and remains ongoing.

"Responses to Centerra's statement of claim are expected to be submitted by the Kyrgyz Republic and Kyrgyzaltyn in September, 2017," it said." In the meantime, Centerra and the Government of the Kyrgyz Republic continue discussions with a view to settling all outstanding matters relating to the Kumtor Project."

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Isodiol International Inc. (ISOL-CN) has signed a licensing agreement with Canopy Growth Corp. (WEED-T).

Canopy Growth will have the right to manufacture and distribute the company's "Pot-O-Coffee" and "Pot-O-Tea" branded marijuana infused single serve K-Cup products in Canada "and certain other markets internationally as federal regulations allow."

Canopy Growth will also have the right of first refusal to sell the "Pot-O" brand products in any territory outside of the U.S., Mexico and Puerto Rico.

"This distribution agreement has us positioned to increase our global footprint with the largest cannabis company in the world," said Isodiol's CEO Marcos Agramont.

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Supremex Inc. (SXP-T) has bought Quebec-based Stuart Packaging Inc., which makes folding carton packaging for the consumer market, for $17.5-million.

"This acquisition brings Supremex' share of total revenues from packaging and specialty products to more than 22 per cent on an annual pro-forma basis and represents a key building block of the company's diversification and growth strategy," the company said.

The deal also sees Supremex receive up to $2.1-million, payable over 24 months, "subject to the realization of certain pre-established financial targets over that period."

"This acquisition significantly strengthens our position in the folding carton packaging market and further diversifies our revenue stream into a growing value-added market segment," said CEO Stewart Emerson.

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Golden Predator Mining Corp. (GPY-X) says it has sold its White Gold District properties in the Yukon to Taku Gold Corp. (TAK-CN).

Under the terms of the agreement, Taku agreed to issue 3.5 million shares, representing 9.9 per cent of the company's stock, and grant net smelter return royalties on the properties to the company as consideration for the acquisition.

Following the acquisition, Golden Predator says it owns about 15 per cent of Taku's issued and outstanding common shares.

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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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