Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Ballard Power Systems (BLDP-T) announced a purchase order from repeat customer Solaris Bus & Coach sp. z o.o., a European bus manufacturer, for 25 hydrogen fuel cell engines.
The 70kW fuel cells will be installed in Solaris’ Urbino 12 hydrogen buses for deployment to Polish public transport operator MPK Poznań and are expected to be delivered in the second half of 2023, the company stated.
It said the buses are to be partially funded by the National Fund for Environmental Protection and Water Management’s Green Public Transport program.
**
Organigram Holdings Inc. (OGI-T) and Canndoc Ltd., a subsidiary of InterCure Ltd. (INCR-U-T) announced a new multi-year agreement for Organigram to continue supply of dried flower to InterCure.
“This new strategic agreement envisions a significantly greater amount of dried flower to be shipped from Organigram to Canndoc and allows us to collaborate in the future on other emerging medical cannabis markets in European jurisdictions,” stated Beena Goldenberg, CEO of Organigram.
**
Reliq Health Technologies Inc. (RHT-X) announced that it signed a contract with a network of 15 skilled nursing facilities in California. “This contract is expected to add a further 1,000 new patients per month or 12,000 new patients per year to Reliq’s iUGO Care platform beginning in 2023,” the company stated.
**
E Automotive Inc. (EINC-T) announced plans for a non-brokered private placement offering of 4,814,100 common shares to Intercap Equity Inc. at a price of $4.23 each for gross proceeds of $20.36-million.
The company, which does business as EINC, said it intends to use the proceeds towards its previously announced growth strategy and for working capital purposes.
**
Lucara Diamond Corp. (LUC-T) announced an extended diamond sales agreement with Lucara Botswana and HB Trading BV “for the purpose of selling +10.8 carat rough diamonds” produced from Lucara’s Karowe mine until Dec. 31, 2032.
Lucara said it first partnered with HB in 2020.