Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Pro Real Estate Investment Trust (PRV.UN-T) announced that Gordon Lawlor will succeed James Beckerleg as president and CEO of the trust and will join its board, effective April 1, 2023.
Mr. Beckerleg will be named vice-chair of the board and co-founder as part of its succession plan. Mr. Beckerleg has been president and CEO since 2013. Alison Schafer will be appointed chief financial officer.
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Centerra Gold Inc. (CG-T) announced the extension of the life of its Mount Milligan Mine by over four years to 2033.
The company also announced plans to buy back about 15.6 million common shares or about 10 per cent of the public float.
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Theratechnologies Inc. (TH-T) announced that the U.S. Food and Drug Administration (FDA) approved its Trogarzo (ibalizumab-uiyk) product for administration by intravenous (IV) push, which simplifies HIV treatment. The company said it’s a method where the undiluted medication is pushed by a syringe for faster administration into the body’s circulation.
“Today marks an important milestone in our journey to improve the lives of people living with HIV who have been heavily treated,” said Christian Marsolais, chief medical officer of Theratechnologies.
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Newmark Group Inc. (NMRK-Q) announced the $300-million-plus sale of the Western Canadian Continuum of Care Portfolio, an eight-property seniors housing portfolio in Western Canada.
“The portfolio features a balanced mix of assisted living and independent living suites and funded long-term care and complex care beds and private pay complex care beds,” the company stated.
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Sangoma Technologies Corp. (STC-T) announced some executive appointments “to help position the company for ongoing growth,” including the appointment of a new chief financial officer.
The company said Larry Stock, its former chief corporate officer, has been appointed CFO, effective immediately. He succeeds David Moore, who is transitioning into the role of executive vice-president of corporate development, to lead the company’s merger and acquisition efforts. Jamie Minner has been named Sangoma’s new chief revenue officer.
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