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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.

Western Energy Services Corp. (WRG-T) says shareholders holding approximately 25 per cent of the outstanding shares of its takeover target, Savanna Energy Services Corp., "have indicated verbally" they plan to vote in favour of the proposal.

"In addition, ongoing discussions between management and holders of a significant number of Savanna shares have been very well received, and as a result, management expects that additional support will be forthcoming," the company said.

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Summit Industrial Income REIT (SMU.UN-T) says it has completed the acquisition of a two-property portfolio in the Greater Toronto Area close to Pearson International Airport for $22.5-million.

The REIT also said it has waived conditions and will acquire two single-tenant buildings in the Greater Montreal Region for $16.1-million.

The REIT also said it has arranged financing for the previously disclosed acquisition of a property in Calgary  completed in February for $17-million.

To date in 2017, the REIT has acquired six light industrial properties totaling 1.1 million square feet for a total purchase prise of approximately $83.8-million.


Partners Real Estate Investment Trust (PAR.UN-T) reported a fourth-quarter net loss of less than $11,500, compared to a loss of $11.6-million a year earlier.

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Revenues from income-producing properties of $14.4-million, unchanged when compared to the fourth quarter of 2015.


Brampton Brick Limited (BBL.A-T) reported fourth-quarter net income of $1.3-million or 12 cents per share compared to a net loss of $534,000 or 5 cents per share for the fourth quarter of 2015.

Revenues grew by 14 per cent in the fourth quarter to $36.7-million from $32.4-million for the same period in 2015.


Energy Fuels Inc. (UUUU-N; EFR-T) has received the final license amendment to expand its Nichols Ranch ISR Project in Wyoming from the U.S. Nuclear Regulatory Commission.

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"With this License Amendment in hand, the company now holds all of the permits, licenses, and approvals required to expand the Nichols Ranch ISR Project into the Jane Dough wellfields in the future," the company said.


Medical Facilities Corp. (DR-T) reported fourth-quarter revenue from continuing operations of $108-million (U.S.), up 20 per cent from $89.8-million a year earlier, "primarily due to revenue from new acquisitions and higher case volume at Company facilities."

Earnings per share were 31 cents up from 22 cents a year earlier.

Analysts were expecting earnings of 24 cents and revenue of $98.5-million.


Canopy Growth Corp. (WEED-T) announced the licensing of additional facilities at its flagship Smiths Falls, Ont. location, including new grow rooms that will increase flowering space by 50 per cent.

"This phase of construction evolves our design and comes in on time and on budget. We've found operational efficiencies that we believe make our existing and newly licensed rooms materially more efficient than they were two years ago.  This means more products to market and more variety for customers," said CEO Bruce Linton.

The company has also received licensing approval for a number of additional rooms targeted at "value-added production and operational expansion, including several new fulfilment rooms that will triple Tweed's order fulfilment capacity."


Medicure Inc. (MPH-X)  says its subsidiary Apicore Inc. has received final approval from the U.S. Food and Drug Administration for its abbreviated new drug application for tetrabenazine tablets in the 12.5 mg and 25 mg strengths.

"The newly approved product is a generic equivalent of the branded product Xenazine sold in the United States by Valeant Pharmaceuticals," the company said.

It said Xenazine helps treat the involuntary movements of Huntington's disease.

Medicure owns approximately 61 per cent of Apicore.


Tamarack Valley Energy Ltd. (TVE-T) reported fourth-quarter revenue of $39.8-million  up from $27.8-million a year earlier.

Its loss was $8.4-million or 6 cents compared to a profit of $5.1-million or 5 cents per share.


Excellon Resources Inc. (EXN-T) reported fourth-quarter revenue of $3.4-million (U.S.) down from $2.5-million a year earlier.

Its net loss was $55,000 versus a loss of $1.7-million a year earlier.


AGT Food and Ingredients Inc. (AGT-T) reported adjusted net earnings of 72 cents in the fourth quarter compared to 64 cents a year earlier.

Adjusted EBITDA was $34.7-million, an increase of 5.5 per cent over the $32.9-million a year earlier.

Revenue was $650.7-million compared to $578.3-million a year earlier.

Analysts were expecting earnings of 64 cents and revenue of $582.2-million


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About the Author

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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