Our roundup of Canadian small-caps of between $ 100-million and $ 2.5-billion in market capitalization making news
Fiera Capital Corp. (FSZ-T) announced the completion of a private placement of a $ 100-million senior subordinated unsecured debenture to FTQ Solidarity Funds.
The net proceeds of the private placement of the debenture will be used in connection with the previously announced redemption of $ 86.25-million convertible unsecured subordinated debentures due June 30, 2023, which will be completed on June 30, 2022, and the remaining balance will be applied against amounts drawn under the company revolving credit facility.
Neighbourly Pharmacy Inc. (NBLY-T) reported revenue of $ 112.3-million for its fourth quarter ended March 26, which was in line with expectations and up from $ 83.3-million a year ago. The company said the increase was driven by the addition of 41 pharmacies over the prior four quarters.
Same-store sales in the fourth quarter increased 2.3 per cent, while same-store prescriptions increased 1.8 per cent compared to the fourth quarter of 2021, the company stated.
Net income of $ 8.6-million or 24 cents per share compared to net income of $ 30.3-million a year ago.
Adjusted earnings per share came in at 5 cents versus a loss of 8 cents a year ago. The expectation was for adjusted EPS of a penny per share, according to S&P Capital IQ.
Enghouse Systems Limited (ENGH-T) announced it has acquired Competella AB, a provider of a software-as-a-Service (SaaS) and on-premise contact center and attendant console solutions based in Stockholm, Sweden.
“Competella is a great fit for us as we have both operated in Sweden for a long time,” said Steve Sadler, CEO of Enghouse.
Cathedral Energy Services Ltd. (CET-T) announced the acquisition of the operating assets of privately owned drilling business Compass Directional Services Ltd. for $ 9.5-million. Compass operates in the Western Canadian Sedimentary Basin, with a focus on the high-activity Montney and Deep Basin plays.
The transaction was funded with $ 4-million in cash and the issuance of 7,643,139 common shares of Cathedral to Compass with a deemed price of 72 cents each, the company stated.
SIR Royalty Income Fund (SRV-UN-T) reported a net loss of $ 1.6-million for its third quarter ended May 8 compared to a net loss of $ 19.4-million a year ago. Adjusted net earnings were $ 7.8-million compared to an adjusted net loss of $ 5-million a year ago.
Consolidated same-store sales increased 246.5 per cent to $ 56.3-million, the fund stated.
Pizza Pizza Royalty Corp. (PZA-T) announced a 3.8-per-cent increase to its monthly dividend to $ 0.0675 per share from $ 0.065 per share. Annualized, the dividend will increase to $ 0.81 from $ 0.78 per share. The dividend will be payable to shareholders of record at the close of business on June 30 and will be paid on July 15.
Artis Real Estate Investment Trust (AX-UN-T) announced that it has increased its position, with its “joint actors” in Dream Office Real Estate Investment Trust (D-UN-T) to 14.32 per cent. The units were acquired for investment purposes, the company stated.
Dirtt Environmental Solutions Ltd. (DRT-T) announced that Benjamin Urban is joining the company as its new CEO, effective June 27. Mr. Urban comes from Agile Interiors, one of Dirtt’s partners, where he served as a business development executive for 15 years.
Geoff Krause, who has been serving as interim CEO, will resume his position as chief financial officer, the company stated. Jeff Metcalf, who has been serving as interim CFO, will resume his position as vice president, finance.
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