Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Granite Real Estate Investment Trust (GRT.UN-T; GRP.U-T) announced it has acquired the leasehold interest in two income-producing properties in Mississauga for $154-million. “The properties are being acquired at a current in-going yield of approximately 4.5 per cent, which is expected to be significantly enhanced by rental growth and future expansion,” the REIT stated.
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High Tide Inc. (HITI-C) announced a non-brokered private placement for the sale of up to 10,000 convertible debentures the company at a price of $1,000 each for gross proceeds of up to $10-million. The offering is anchored by an order from Aphria Inc. (APHA-T; APHA-N) for $4.5-million. “The net proceeds of the offering will be used by the company to fund the construction of Canna Cabana, KushBar and Smoker’s Corner stores, complete strategic acquisitions as well as for general working capital purposes,” the company stated.
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Cannabis One Holdings Inc. (CBIS-C) announced an agreement to acquire certain assets of Washington-based Honu Enterprises Inc., a cannabis-infused products brand, for up to US$10.3 -million in Class B “super-voting shares.” Jeffery Mascio, CEO of Cannabis One, said the agreement “further validates Cannabis One’s stated strategy of securing ‘best-of-breed’ brands.”
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EnWave Corp. (ENW-X) announced that it has signed a royalty-bearing commercial license agreement with Fresh Business Consulting S.L., which the company says is a part of a diversified investment and consulting firm that has business interests in Spain, the United Kingdom and Peru.
"The agreement grants Fresh Business the exclusive rights to produce a variety of premium food products in Peru," the company stated. "This agreement further validates the value proposition for EnWave’s technology to drive innovation in the global fruit and vegetable market vertical."
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