Thursday small stocks to watch

Our report on Canadian micro-caps with between $100 million and $2.5 billion in market capitalization is making news

Vera Capital Company (FSZ-T) announced the completion of a private placement of $100 million in unsecured subordinated bonds of Fonds de Solidarité FTQ.

The net proceeds from the private placement of the Bond Bond will be used in connection with the previously announced redemption of an unsecured, convertible subordinated bond of $86.25 million due on June 30, 2023, to be completed on June 30, 2022, and the remaining balance will be applied against amounts drawn under the credit facility. renewable company.


Neighbors Pharmacy Inc. (NBLY-T) reported revenue of $112.3 million for the fourth quarter ended March 26, which was in line with expectations and up from $83.3 million last year. The company said the increase was driven by the addition of 41 pharmacies over the previous four quarters.

Same-store sales in the fourth quarter increased 2.3 percent, while same-store prescriptions increased 1.8 percent compared to the fourth quarter of 2021, the company said.

Net income is $8.6 million, or 24 cents a share, compared to net income of $30.3 million last year.

Adjusted earnings per share came in at 5 cents, versus a loss of 8 cents a year earlier. The forecast was for adjusted earnings per share of one copy per share, according to S&P Capital IQ.


Enghouse Systems Limited (ENGH-T) announced that it has acquired Competella AB, a software-as-a-service (SaaS) provider of local call center and companion console solutions based in Stockholm, Sweden.

“Competella is a very good fit for us as we have been operating in Sweden for a long time,” said Steve Sadler, CEO of Enghouse.


Cathedral Energy Services Ltd. (CET-T) announced its acquisition of the operating assets of the privately owned Compass Directional Services Ltd. for $9.5 million. Compass operates in the Western Canada sedimentary basin, focusing on the highly active 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 at an estimated price of 72 cents each, the company said.


SIR . Royalty Income Fund (SRV-UN-T) reported a net loss of $1.6 million for the third quarter ended May 8 compared to a net loss of $19.4 million a year earlier. Adjusted net profit was $7.8 million compared to an adjusted net loss of $5 million a year earlier.

The fund said consolidated store sales increased 246.5 percent to $56.3 million.


Pizza Royalty Corp. (PZA-T) reported a 3.8 percent increase in its monthly dividend to $0.0675 per share from $0.065 per share. On an annual basis, the dividend will increase to $0.81 from $0.78 per share. Dividends will be paid to shareholders of record at the close of business on June 30 and will be paid on July 15.


Artis Real Estate Investment Fund (AX-UN-T) announced that it has strengthened its position, with “joint actors” in Dream Real Estate Investment Office (D-UN-T) to 14.32 percent. The company stated that the units were purchased for investment purposes.


Dirtt Environmental Solutions Ltd. (DRT-T) announced that Benjamin Urban will join the company as a new CEO starting June 27. Mr. Urban comes from Agile Interiors, a partner of Dirtt, where he worked as a business development executive for 15 years.

The company stated that Jeff Krause, who was serving as interim CEO, will resume his role as chief financial officer. Jeff Metcalfe, who was acting as interim chief financial officer, will resume his position as vice president of finance.


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