Wednesday's small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Badger Daylighting Ltd. (BAD-T) is increasing its dividend by 18 per cent to 54 cents per share on an annual basis. The dividend is paid monthly and will increase to 4.5 cents from 3.8 cents, starting in April, the company said.
It also reported a profit of $31.2-million or 84 cents per share in the fourth quarter compared to $7.4-million or 20 cents for the same quarter a year earlier.
U.S. federal corporate income tax changes positively impacted Badger’s fourth quarter with further anticipated positive impacts in 2018 and future years,” the company stated.
Total revenue came in at $132.8-million in the fourth quarter, up from $110.9-million for the same period a year earlier. Analysts were expecting revenue of $140.8-million in the most recent quarter.
Liberty Health Sciences Inc. (LHS-CN) says it has acquired a 75-per-cent ownership interest in Massachusetts-based William Noyes Webster Foundation, Inc. for US$16 million.
The company it’s buying has an “integrated medical cannabis license” in Massachusetts, as well as a cultivation facility and a dispensary location “both nearing completion, as well as leases and local governmental approvals in place for two additional dispensary locations,” Liberty Health stated in a release.
“This acquisition affords Liberty the opportunity to tap into the growing Massachusetts medical cannabis marketplace.”
CannaRoyalty Corp. (CRZ-CN), a cannabis investor and operator, says it’s buying River Distribution (RVR), which includes “a number of leading California brands sourced from across the state.” CannaRoyalty said the acquisition will make it one of