Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news
Transcontinental Inc. (TCL.A-T; TCL.B-T) announced the acquisition of Banaplast S.A.S., a flexible packaging company based in Armenia, Colombia. The company said Banaplast is active in the protection of crops in the banana and plantain agro-industrial sector and other fruit plantations.
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AGF Management Ltd. (AGF.B-T) reported net income for the three months ended May 31 was $10.1-million or 14 cents per share compared to $5-million or 7 cents a year ago. The expectation was for EPS of 12 cents.
Total income of $117.5-million compared to $109.5-milllion a year ago, the company stated.
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Else Nutrition Holdings Inc. (BABY-T) ) announced a public offering valued at about $7.3-million. The company said it will sell 6,940,000 units for $1.05 each.
The unit sale will be conducted through a syndicate of underwriters led by Stifel Nicolaus Canada Inc. as sole bookrunner.
The company said it plans to use the net proceeds from the offering to fund research and development including clinical studies, fund sales and marketing, acquire inventory, establish a manufacturing facility, and for general corporate purposes.
The company said it plans to use the net proceeds from the offering to fund research and development “including clinical studies, fund sales and marketing, acquire inventory, establish a manufacturing facility, and for general corporate purposes.”
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Slate Grocery REIT (SGR-UN-T) announced the acquisition of 14 properties across seven states valued at US$425-million.
The REIT also announced a joint venture with Slate North American Essential Real Estate Income Fund L.P., a vehicle managed by Slate Asset Management. The fund has agreed to make an initial investment of US$180-million into the REIT’s assets through the purchase of partnership interests in two REIT subsidiaries. Proceeds from the Investment will be used immediately to fund the REIT’s acquisition, it stated.
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Conifex Timber Inc. (CFF-T) announced a one-time special cash dividend of 20 cents per share, which will be paid on or before Aug. 8 to shareholders of record on July 15.
“This special dividend reflects a partial distribution of the strong cash flows generated after funding capital expenditures related to safety, environmental and mill reliability in the first half of 2022 due to favourable pricing and positive operating results,” said Ken Shields, CEO of Conifex.
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