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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.

Rogers Sugar Inc. (RSI-T) reported consolidated revenue of $206-million in the first quarter, up from $204.9-million a year ago. Net income was $13.4-million, or 12 cents per share, down from net income of $20.2-million or 18 cents per share. Analysts were expecting revenue of $191.1-million and earnings of 15 cents.

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Conifex Timber Inc. (CFF-T) announced it is temporarily curtailing operations at its Fort St. James, B.C. sawmill for three weeks starting Feb. 4, “due primarily to continued high log costs and lumber market conditions.”

Conifex said the temporary curtailment, together with a previously announced curtailment that started in January, will result in an estimated 28-per-cent reduction in its B.C. lumber production for the first six months of the year.

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Resverlogix Corp. (RVX-T) said it closed a private placement of approximately 2.2 million equity units to Shenzhen Hepalink Pharmaceutical Co. Ltd. at a price of $3 per unit for gross proceeds of approximately $6.6-million.

Each unit included one common share and one-half of a common share purchase warrant. Each full warrant is exercisable at a price of $3.21 per share for a period of three years from the closing of the private placement.

The net proceeds will be used to fund research and development activities.

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Wayland Group (WAYL-CN) issued a release late Thursday, on behalf of OTC Markets “regarding recent market activity in its common shares traded on the OTCQB marketplace.” The statement is related to “certain continued promotional activities” beginning on Jan. 29, including some related to “certain promotional literature encouraging investors to purchase the company’s common shares and making certain statements regarding the potential returns on such investment, including certain promotional newsletter emails.”

The company said it was unaware of the promotional activity "and remains unaware of the full nature of the promotional activity and the extent of the dissemination."

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Chorus Aviation Inc. (CHR-T) announced that pilots of its subsidiary, Jazz Aviation LP have ratified the amendments to their collective agreement which was tentatively agreed on Jan. 14. “We are very pleased to have finalized an amended collective agreement with our pilots,” said Colin Copp, president, Jazz Aviation.

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NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN-T) said its Australian entity has a definitive agreement to acquire 11 freehold hospital property assets from ASX-listed Healthscope Limited and its affiliates for approximately $1.2-billion as part of a sale and leaseback transaction.

"Through leveraging its capital relationships, NorthWest intends to structure the property transaction such that it will manage the portfolio and ultimately maintain an approximately 25-per-cent to 30-per-cent ownership interest," the company stated.

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Tecsys Inc. (TCS-T) announced the acquisition of PCSYS A/S, a Danish technology company. for about $13.7-million.

“The PCSYS solutions are highly valued by many across the European market and beyond, and we’re pleased to be able to continue their tradition of collaborative software development and customer service as a unified force," stated Peter Brereton, president and CEO of Tecsys.

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Namaste Technologies Inc. (N-X) announced an update to its previously announced intention to acquire UK-based AF Trading Ltd. (Access Fulfillement). Under the previously announced terms, Namaste said it Bahamas division was expected to acquire the shares for US$5-million, “which was intended to enable Namaste to retain Access Fulfillment to operate as Namaste’s exclusive distribution center for CBD and cannabis products in the UK.”

Namaste said it has since elected to use another provider. "However, under the terms of the new letter of intent with the principal shareholders of Access Fulfillment, Namaste Bahamas will now acquire 100-per-cent of the issued and outstanding shares of CannMart Ltd., a subsidiary formed by the AF Principals for purposes of holding the pharmaceutical distribution license previously filed by Access Fulfillment, which is essential to pursue an amendment to be granted a level 2 controlled substances license that will enable the sale and distribution of cannabis products in the UK."

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ICC International Cannabis Corp. (WRLD.U-C) announced it has an agreement to purchase 155 metric tonnes of processed industrial hemp from Eviana Health Corp. (EHC-C). The company also said it has an agreement to acquire 100 per-cent of Future Hemp Corp., which holds an exclusive supply agreement for the delivery of 400 metric tonnes of certified organic hemp from a licensed Croatian producer.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 3:18pm EDT.

SymbolName% changeLast
RSI-T
Rogers Sugar Inc
0%5.33
CFF-T
Conifex Timber Inc
+1.64%0.62
RVX-T
Resverlogix Corp
0%0.055
CHR-T
Chorus Aviation Inc
+1.49%2.05
TCS-T
Tecsys Inc J
+1.53%38.58
NWH-UN-T
Northwest Healthcare Prop REIT
+0.21%4.69

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