Skip to main content

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

Indigo Books & Music Inc. (IDG-T) said revenue for the fourth quarter ended March 30 was $199.2-million, down $16.2-million from the same quarter last year and below expectations of $210.7-million. Total comparable sales, including both online sales and comparable store sales, decreased by 8.7 per cent in the fourth quarter, the company stated.

The company said it "believes that a broader slowing of consumer discretionary spending in the fourth quarter had a meaningful impact."

Its net loss for the quarter was $23.8-million or 86 cents per share compared to a net loss of $10.7-million or 40 cents last year.

**

Charlotte’s Web Holdings, Inc. (CWEB-C) reported first-quarter revenue of US$21.7-million, up from US$13.1-million a year ago and in line with expectations. Net income of US$2.3-million or 3 cents US per share compared to net income of US$4.1-million or 4 cents US a year ago.

**

Interfor Corp. (IFP-T) announced plans to temporarily reduce production across its operating platform in the B.C. Interior during the month of June, “due to a combination of weak lumber prices and continuing high log costs.”

Interfor said the curtailment is expected to reduce production in the region by approximately 20 million board feet for the month and will be taken through reduced operating days at each of the three BC Interior mills.

Interfor stated that it has three sawmills in the B.C. Interior, with a total annual capacity of approximately 750 million board feet.

**

MediPharm Labs Corp. (LABS-X) announced a $60-million bought-deal financing. It has an agreement with Scotiabank, on behalf of a syndicate of underwriters, to purchase 10.8 million common shares at a price of $5.55 each. The stock closed at $6.04 on Tuesday.

The company stated that it plans to use the net proceeds "to fund its ongoing capital expenditures at its Canadian and Australian facilities, for domestic and international expansions, research and development and general corporate purposes."

**

CWB Financial Group (CWB-T), also known as Canadian Western Bank, reported revenue of $210-million in the second quarter ended April 30, up from $196.6-million a year earlier and in line with expectations. Net income was $62-million or 71 cents per share versus $60.5-million or 68 cents a year ago. Analysts were expecting EPS to come in at 73 cents. The provision for credit losses as a percentage of average loans improved one basis point to 23 basis points from the same period last year, the company stated.

**

Charlotte’s Web Holdings, Inc. (CWEB-C) announced that it has received conditional approval for the listing of the company’s common shares on the Toronto Stock Exchange, with an expected start date of Friday May 31. The share will be voluntarily delisted from the Canadian Securities Exchange. The company stated that it believes the TSX listing will increase its “exposure to a wider capital markets audience, increase trading liquidity, and expand access to international institutional investors and capital.”

**

Trulieve Cannabis Corp. (TRUL-C) announced first-quarter revenue of US$44.5-million up from US$15.2-million a year earlier and below expectations of $42.2-million. Adjusted EBITDA increased to US$19-million from US$6.1-million a year ago, the company said.

**

Aimia Inc. (AIM-T) announced it will soon file a management information circular for the upcoming annual general meeting of shareholders which includes a proposal to cut its board to six directors compared to nine directors a year ago and the 12 directors presented in its 2017 circular.

"Aimia will continue to evaluate the optimal skills mix and board size to ensure alignment with the company's strategy and leadership needs," the company stated.

**

Report an editorial error

Report a technical issue

Editorial code of conduct

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 3:59pm EDT.

SymbolName% changeLast
IDG-T
Indigo Books & Music Inc
+1.98%2.06
IFP-T
Interfor Corp
-1.44%21.16
CWB-T
CDN Western Bank
0%28.2
TRUL-CN
Trulieve Cannabis Corp
+2.25%16.78
AIM-T
Aimia Inc
-1.92%2.56

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe